GAVID: what changed
Two financial 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.
GAVID
Largest movements
- Cash +€49,354
up €49,354 (+147.1%), from €33,549 to €82,903
mainly Net result for the year (+€32,709) and Depreciation (+€19,223)
- Tangible fixed assets -€18,031
down €18,031 (-23.4%), from €76,990 to €58,959
of which Land and buildings: -€19,001
- Reserves +€32,709
up €32,709 (+34.5%), from €94,887 to €127,596
of which Distributable reserves: +€32,709
- Tax, wage and social debts -€1,494
down €1,494 (-40.5%), from €3,692 to €2,198
- Gross operating margin +€24,131
up €24,131 (+59.6%), from €40,512 to €64,643
- Depreciation +€11,124
up €11,124 (+137.3%), from €8,099 to €19,223
- Taxes +€3,426
up €3,426 (+38.8%), from €8,840 to €12,266
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 | €112,354 | €143,677 | +€31,323 | +27.9% |
| Fixed assets | 21/28 | €76,990 | €58,959 | -€18,031 | -23.4% |
| Tangible fixed assets | 22/27 | €76,990 | €58,959 | -€18,031 | -23.4% |
| Land and buildings | 22 | €76,990 | €57,989 | -€19,001 | -24.7% |
| Furniture and vehicles | 24 | - | €969 | +€969 | |
| Current assets | 29/58 | €35,364 | €84,718 | +€49,354 | +139.6% |
| Amounts receivable within one year | 40/41 | €1,815 | €1,815 | = | 0.0% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,549 | €82,903 | +€49,354 | +147.1% |
| Total equity and liabilities | 10/49 | €112,354 | €143,677 | +€31,323 | +27.9% |
| Equity | 10/15 | €108,662 | €141,371 | +€32,709 | +30.1% |
| Contributions | 10/11 | €6,185 | €6,185 | = | 0.0% |
| Reserves | 13 | €94,887 | €127,596 | +€32,709 | +34.5% |
| Non-distributable reserves | 130/1 | €618 | €618 | = | 0.0% |
| Reserves not available under the articles | 1311 | €618 | €618 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,544 | €3,544 | = | 0.0% |
| Distributable reserves | 133 | €90,725 | €123,434 | +€32,709 | +36.1% |
| Profit (loss) carried forward | 14 | €7,590 | €7,590 | = | 0.0% |
| Amounts payable | 17/49 | €3,692 | €2,306 | -€1,386 | -37.5% |
| Amounts payable within one year | 42/48 | €3,692 | €2,306 | -€1,386 | -37.5% |
| Trade debts | 44 | - | €108 | +€108 | |
| Suppliers | 440/4 | - | €108 | +€108 | |
| Taxes, remuneration and social security | 45 | €3,692 | €2,198 | -€1,494 | -40.5% |
| Taxes | 450/3 | €3,692 | €2,198 | -€1,494 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099 | €19,223 | +€11,124 | +137.3% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €40,512 | €64,643 | +€24,131 | +59.6% |
| Operating profit (loss) | 9901 | €32,413 | €45,033 | +€12,620 | +38.9% |
| Financial charges | 65/66B | - | €58 | +€58 | |
| Recurring financial charges | 65 | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | €32,413 | €44,975 | +€12,562 | +38.8% |
| Income taxes | 67/77 | €8,840 | €12,266 | +€3,426 | +38.8% |
| Profit (loss) for the period | 9904 | €23,573 | €32,709 | +€9,136 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,573 | €32,709 | +€9,136 | +38.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.