GAVIC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GAVIC
Largest movements
- Tangible fixed assets -€8,025
down €8,025 (-2.0%), from €405,392 to €397,367
of which Plant, machinery and equipment: -€5,703
- Other debts -€4,866
down €4,866 (-1.2%), from €421,758 to €416,892
- Gross operating margin +€1,489
up €1,489 (+28.0%), from €5,320 to €6,808
- Other operating charges -€91
down €91 (-4.6%), from €1,990 to €1,900
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,919 | €397,482 | -€8,437 | -2.1% |
| Fixed assets | 21/28 | €405,392 | €397,367 | -€8,025 | -2.0% |
| Tangible fixed assets | 22/27 | €405,392 | €397,367 | -€8,025 | -2.0% |
| Land and buildings | 22 | €165,754 | €163,433 | -€2,321 | -1.4% |
| Plant, machinery and equipment | 23 | €239,638 | €233,935 | -€5,703 | -2.4% |
| Current assets | 29/58 | €527 | €115 | -€412 | -78.2% |
| Cash at bank and in hand | 54/58 | €527 | €115 | -€412 | -78.2% |
| Total equity and liabilities | 10/49 | €405,919 | €397,482 | -€8,437 | -2.1% |
| Equity | 10/15 | -€19,047 | -€22,013 | -€2,966 | -15.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €102,547 | €102,547 | = | 0.0% |
| Reserves | 13 | €3,805 | €3,402 | -€402 | -10.6% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Legal reserve | 130 | €186 | €186 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,619 | €3,217 | -€402 | -11.1% |
| Profit (loss) carried forward | 14 | -€187,399 | -€189,963 | -€2,564 | -1.4% |
| Provisions and deferred taxes | 16 | €1,863 | €1,656 | -€207 | -11.1% |
| Deferred taxes | 168 | €1,863 | €1,656 | -€207 | -11.1% |
| Amounts payable | 17/49 | €423,103 | €417,839 | -€5,264 | -1.2% |
| Amounts payable within one year | 42/48 | €421,758 | €416,892 | -€4,866 | -1.2% |
| Other amounts payable | 47/48 | €421,758 | €416,892 | -€4,866 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,345 | €947 | -€397 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,025 | €8,025 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,990 | €1,900 | -€91 | -4.6% |
| Gross operating margin | 9900 | €5,320 | €6,808 | +€1,489 | +28.0% |
| Operating profit (loss) | 9901 | -€4,696 | -€3,116 | +€1,579 | +33.6% |
| Financial charges | 65/66B | €60 | €57 | -€3 | -4.3% |
| Recurring financial charges | 65 | €60 | €57 | -€3 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,755 | -€3,173 | +€1,582 | +33.3% |
| Transfer from deferred taxes | 780 | €207 | €207 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,548 | -€2,966 | +€1,582 | +34.8% |
| Transfer from tax-exempt reserves | 789 | €402 | €402 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,146 | -€2,564 | +€1,582 | +38.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.