GauVan: what changed
What changed
GauVan
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€56,683
2024 · €73,671-€16,989
Equity
€161,983
2024 · €146,907+€15,076
Cash
€138,256
2024 · €106,714+€31,542
Balance sheet total
€328,251
2024 · €209,586+€118,665
Largest movements
Assets
- Tangible fixed assets +€40,801
up €40,801 (+116%), from €35,279 to €76,080
of which Furniture and vehicles: +€37,291
- Receivables within one year +€35,913
up €35,913 (+95.8%), from €37,500 to €73,412
of which Trade receivables: +€31,402
- Cash +€31,542
up €31,542 (+29.6%), from €106,714 to €138,256
mainly Net result for the year (+€56,683) and Other debts (+€33,005)
- Deferred charges and accrued income +€4,774
up €4,774 (+183%), from €2,603 to €7,376
Equity and liabilities
- Other debts +€33,005
new in 2025: €33,005
- Trade debts +€32,661
up €32,661 (+93.7%), from €34,842 to €67,503
- Debts after one year +€26,492
up €26,492 (+1,393%), from €1,902 to €28,394
- Reserves +€15,076
up €15,076 (+11.7%), from €128,357 to €143,433
- Current portion of long-term debt +€4,732
up €4,732 (+57.6%), from €8,210 to €12,942
Income statement
- Staff costs +€39,518
new in 2025: €39,518
- Gross operating margin +€28,978
up €28,978 (+25.4%), from €114,224 to €143,202
- Depreciation +€8,143
up €8,143 (+86.1%), from €9,457 to €17,600
- Taxes -€7,221
down €7,221 (-27.4%), from €26,381 to €19,159
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.
Result 2024
€73,671
Gross operating margin
+€28,978
Staff costs
-€39,518
Depreciation
-€8,143
Other operating charges
+€7
Other operating items
-€5,967
Financial income
+€374
Financial charges
+€59
Taxes
+€7,221
Result 2025
€56,683
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€100,070
Investment
-€61,491
Financing
-€7,037
Cash 2024
€106,714
From operations (derived)
+€100,070
Net result for the year
+€56,683
Depreciation
+€17,600
Stocks and contracts
-€2,546
Receivables within one year
-€35,913
Deferred charges and accrued income
-€4,774
Trade debts
+€32,661
Tax, wage and social debts
+€3,354
Other debts
+€33,005
Investment (derived)
-€61,491
Investment in fixed assets (net)
-€61,491
Financing
-€7,037
Debts after one year
+€26,492
Current portion of long-term debt
+€4,732
Short-term financial debts
+€3,346
Contributions, distributions and other
-€41,607
Cash 2025
€138,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,586 | €328,251 | +€118,665 | +56.6% |
| Fixed assets | 21/28 | €40,091 | €83,982 | +€43,891 | +109% |
| Intangible fixed assets | 21 | €3,012 | €6,102 | +€3,090 | +103% |
| Tangible fixed assets | 22/27 | €35,279 | €76,080 | +€40,801 | +116% |
| Plant, machinery and equipment | 23 | €6,451 | €12,240 | +€5,789 | +89.7% |
| Furniture and vehicles | 24 | €922 | €38,213 | +€37,291 | +4,043% |
| Other tangible fixed assets | 26 | €27,906 | €25,627 | -€2,279 | -8.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €169,494 | €244,269 | +€74,774 | +44.1% |
| Stocks and contracts in progress | 3 | €22,678 | €25,224 | +€2,546 | +11.2% |
| Stocks | 30/36 | €22,678 | €25,224 | +€2,546 | +11.2% |
| Amounts receivable within one year | 40/41 | €37,500 | €73,412 | +€35,913 | +95.8% |
| Trade receivables | 40 | €20,933 | €52,336 | +€31,402 | +150% |
| Other amounts receivable | 41 | €16,566 | €21,077 | +€4,511 | +27.2% |
| Cash at bank and in hand | 54/58 | €106,714 | €138,256 | +€31,542 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,603 | €7,376 | +€4,774 | +183% |
| Total equity and liabilities | 10/49 | €209,586 | €328,251 | +€118,665 | +56.6% |
| Equity | 10/15 | €146,907 | €161,983 | +€15,076 | +10.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €128,357 | €143,433 | +€15,076 | +11.7% |
| Distributable reserves | 133 | €128,357 | €143,433 | +€15,076 | +11.7% |
| Amounts payable | 17/49 | €62,679 | €166,268 | +€103,589 | +165% |
| Amounts payable after more than one year | 17 | €1,902 | €28,394 | +€26,492 | +1,393% |
| Financial debts | 170/4 | €1,902 | €28,394 | +€26,492 | +1,393% |
| Amounts payable within one year | 42/48 | €60,777 | €137,874 | +€77,097 | +127% |
| Current portion of amounts payable after more than one year | 42 | €8,210 | €12,942 | +€4,732 | +57.6% |
| Financial debts | 43 | €1,344 | €4,690 | +€3,346 | +249% |
| Credit institutions | 430/8 | €1,344 | €4,690 | +€3,346 | +249% |
| Trade debts | 44 | €34,842 | €67,503 | +€32,661 | +93.7% |
| Suppliers | 440/4 | €34,842 | €67,503 | +€32,661 | +93.7% |
| Taxes, remuneration and social security | 45 | €16,381 | €19,735 | +€3,354 | +20.5% |
| Taxes | 450/3 | €16,381 | €19,735 | +€3,354 | +20.5% |
| Other amounts payable | 47/48 | - | €33,005 | +€33,005 | |
| Remuneration, social security and pensions | 62 | - | €39,518 | +€39,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,457 | €17,600 | +€8,143 | +86.1% |
| Other operating charges | 640/8 | €471 | €464 | -€7 | -1.5% |
| Non-recurring operating charges | 66A | €2,353 | €8,320 | +€5,967 | +254% |
| Gross operating margin | 9900 | €114,224 | €143,202 | +€28,978 | +25.4% |
| Operating profit (loss) | 9901 | €101,943 | €77,299 | -€24,643 | -24.2% |
| Financial income | 75/76B | - | €374 | +€374 | |
| Recurring financial income | 75 | - | €374 | +€374 | |
| Financial charges | 65/66B | €1,891 | €1,831 | -€59 | -3.1% |
| Recurring financial charges | 65 | €1,891 | €1,831 | -€59 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €100,052 | €75,842 | -€24,210 | -24.2% |
| Income taxes | 67/77 | €26,381 | €19,159 | -€7,221 | -27.4% |
| Profit (loss) for the period | 9904 | €73,671 | €56,683 | -€16,989 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,671 | €56,683 | -€16,989 | -23.1% |
Next steps
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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 4 November 2026 via checked.be.