GDVT: 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.
GDVT
Largest movements
- Tangible fixed assets -€12,041
down €12,041 (-5.7%), from €210,070 to €198,029
- Receivables within one year -€4,533
no longer reported in 2025 (was €4,533)
- Profit (loss) carried forward -€10,932
down €10,932 (-27.8%), from -€39,294 to -€50,226
- Debts after one year -€7,413
down €7,413 (-3.5%), from €213,621 to €206,208
of which Financial debts: -€7,413
- Gross operating margin +€338
up €338 (+2.7%), from €12,449 to €12,787
- Financial income +€311
up €311 (+348.0%), from €89 to €400
- Financial charges +€293
up €293 (+2.8%), from €10,652 to €10,945
- Other operating charges -€177
down €177 (-13.5%), from €1,310 to €1,133
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 | €215,151 | €198,565 | -€16,586 | -7.7% |
| Fixed assets | 21/28 | €210,070 | €198,029 | -€12,041 | -5.7% |
| Tangible fixed assets | 22/27 | €210,070 | €198,029 | -€12,041 | -5.7% |
| Land and buildings | 22 | €210,070 | €198,029 | -€12,041 | -5.7% |
| Current assets | 29/58 | €5,081 | €536 | -€4,545 | -89.4% |
| Amounts receivable within one year | 40/41 | €4,533 | - | -€4,533 | |
| Other amounts receivable | 41 | €4,533 | - | -€4,533 | |
| Cash at bank and in hand | 54/58 | €523 | €510 | -€13 | -2.4% |
| Deferred charges and accrued income | 490/1 | €25 | €26 | +€1 | +3.9% |
| Total equity and liabilities | 10/49 | €215,151 | €198,565 | -€16,586 | -7.7% |
| Equity | 10/15 | -€14,294 | -€25,226 | -€10,932 | -76.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,294 | -€50,226 | -€10,932 | -27.8% |
| Amounts payable | 17/49 | €229,445 | €223,791 | -€5,654 | -2.5% |
| Amounts payable after more than one year | 17 | €213,621 | €206,208 | -€7,413 | -3.5% |
| Financial debts | 170/4 | €212,321 | €204,908 | -€7,413 | -3.5% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,447 | €15,415 | +€1,969 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €7,630 | €8,015 | +€385 | +5.0% |
| Trade debts | 44 | €4,105 | €4,578 | +€473 | +11.5% |
| Suppliers | 440/4 | €4,105 | €4,578 | +€473 | +11.5% |
| Other amounts payable | 47/48 | €1,712 | €2,823 | +€1,111 | +64.9% |
| Accrued charges and deferred income | 492/3 | €2,377 | €2,168 | -€209 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,029 | €12,041 | +€12 | +0.1% |
| Other operating charges | 640/8 | €1,310 | €1,133 | -€177 | -13.5% |
| Gross operating margin | 9900 | €12,449 | €12,787 | +€338 | +2.7% |
| Operating profit (loss) | 9901 | -€890 | -€387 | +€503 | +56.5% |
| Financial income | 75/76B | €89 | €400 | +€311 | +348.0% |
| Recurring financial income | 75 | €89 | €400 | +€311 | +348.0% |
| Financial charges | 65/66B | €10,652 | €10,945 | +€293 | +2.8% |
| Recurring financial charges | 65 | €10,652 | €10,945 | +€293 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,453 | -€10,932 | +€521 | +4.5% |
| Profit (loss) for the period | 9904 | -€11,453 | -€10,932 | +€521 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,453 | -€10,932 | +€521 | +4.5% |
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 1 October 2026 via checked.be.