G²VH IMPACT: what changed
G²VH IMPACT
Largest movements
- Current investments -€45,000
down €45,000 (-45.0%), from €100,000 to €55,000
- Cash +€33,868
up €33,868 (+104%), from €32,493 to €66,361
mainly Current investments (+€45,000) and Receivables within one year (+€6,000)
- Receivables within one year -€6,000
down €6,000 (-97.7%), from €6,140 to €140
of which Other amounts receivable: -€6,000
- Tangible fixed assets -€2,838
down €2,838 (-55.7%), from €5,094 to €2,256
of which Furniture and vehicles: -€2,360
- Tax, wage and social debts -€20,698
down €20,698 (-98.4%), from €21,039 to €340
- Profit (loss) carried forward -€2,558
down €2,558 (-2.2%), from €118,883 to €116,326
- Other debts +€2,385
up €2,385 (+170%), from €1,404 to €3,790
- Gross operating margin -€61,200
down €61,200 (-99.1%), from €61,732 to €532
- Taxes -€13,067
down €13,067 (-93.8%), from €13,934 to €868
- Financial income +€1,513
up €1,513 (+615%), from €246 to €1,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,267 | €128,601 | -€18,666 | -12.7% |
| Fixed assets | 21/28 | €5,094 | €2,256 | -€2,838 | -55.7% |
| Tangible fixed assets | 22/27 | €5,094 | €2,256 | -€2,838 | -55.7% |
| Plant, machinery and equipment | 23 | €1,361 | €883 | -€478 | -35.1% |
| Furniture and vehicles | 24 | €3,732 | €1,373 | -€2,360 | -63.2% |
| Current assets | 29/58 | €142,173 | €126,345 | -€15,829 | -11.1% |
| Amounts receivable within one year | 40/41 | €6,140 | €140 | -€6,000 | -97.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,140 | €140 | -€6,000 | -97.7% |
| Current investments | 50/53 | €100,000 | €55,000 | -€45,000 | -45.0% |
| Cash at bank and in hand | 54/58 | €32,493 | €66,361 | +€33,868 | +104% |
| Deferred charges and accrued income | 490/1 | €3,541 | €4,845 | +€1,304 | +36.8% |
| Total equity and liabilities | 10/49 | €147,267 | €128,601 | -€18,666 | -12.7% |
| Equity | 10/15 | €121,883 | €119,326 | -€2,558 | -2.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,883 | €116,326 | -€2,558 | -2.2% |
| Amounts payable | 17/49 | €25,384 | €9,275 | -€16,109 | -63.5% |
| Amounts payable within one year | 42/48 | €25,384 | €7,849 | -€17,535 | -69.1% |
| Trade debts | 44 | €2,941 | €3,719 | +€778 | +26.5% |
| Suppliers | 440/4 | €2,941 | €3,719 | +€778 | +26.5% |
| Taxes, remuneration and social security | 45 | €21,039 | €340 | -€20,698 | -98.4% |
| Taxes | 450/3 | €21,039 | €340 | -€20,698 | -98.4% |
| Other amounts payable | 47/48 | €1,404 | €3,790 | +€2,385 | +170% |
| Accrued charges and deferred income | 492/3 | €0 | €1,426 | +€1,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €2,838 | +€405 | +16.6% |
| Other operating charges | 640/8 | €0 | €183 | +€183 | |
| Gross operating margin | 9900 | €61,732 | €532 | -€61,200 | -99.1% |
| Operating profit (loss) | 9901 | €59,299 | -€2,489 | -€61,788 | |
| Financial income | 75/76B | €246 | €1,759 | +€1,513 | +615% |
| Recurring financial income | 75 | €246 | €1,759 | +€1,513 | +615% |
| Financial charges | 65/66B | €827 | €960 | +€133 | +16.1% |
| Recurring financial charges | 65 | €827 | €960 | +€133 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €58,719 | -€1,690 | -€60,408 | |
| Income taxes | 67/77 | €13,934 | €868 | -€13,067 | -93.8% |
| Profit (loss) for the period | 9904 | €44,784 | -€2,558 | -€47,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,784 | -€2,558 | -€47,342 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.