GFG Vanhove: 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.
GFG Vanhove
Largest movements
- Tangible fixed assets -€22,924
down €22,924 (-48.1%), from €47,692 to €24,768
of which Land and buildings: -€21,080
- Debts after one year -€50,000
down €50,000 (-60.0%), from €83,333 to €33,333
- Reserves +€19,448
up €19,448 (+3.3%), from €594,965 to €614,413
- Gross operating margin +€1,229
up €1,229 (+2.5%), from €48,209 to €49,438
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.
Derived cash bridge
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 | €1,211,750 | €1,181,540 | -€30,209 | -2.5% |
| Fixed assets | 21/28 | €263,192 | €240,268 | -€22,924 | -8.7% |
| Tangible fixed assets | 22/27 | €47,692 | €24,768 | -€22,924 | -48.1% |
| Land and buildings | 22 | €42,160 | €21,080 | -€21,080 | -50.0% |
| Plant, machinery and equipment | 23 | €5,532 | €3,688 | -€1,844 | -33.3% |
| Financial fixed assets | 28 | €215,500 | €215,500 | = | 0.0% |
| Current assets | 29/58 | €948,557 | €941,272 | -€7,285 | -0.8% |
| Amounts receivable within one year | 40/41 | €948,503 | €941,248 | -€7,255 | -0.8% |
| Other amounts receivable | 41 | €948,503 | €941,248 | -€7,255 | -0.8% |
| Cash at bank and in hand | 54/58 | €54 | €24 | -€30 | -55.5% |
| Total equity and liabilities | 10/49 | €1,211,750 | €1,181,540 | -€30,209 | -2.5% |
| Equity | 10/15 | €1,073,565 | €1,093,013 | +€19,448 | +1.8% |
| Contributions | 10/11 | €478,600 | €478,600 | = | 0.0% |
| Reserves | 13 | €594,965 | €614,413 | +€19,448 | +3.3% |
| Distributable reserves | 133 | €594,965 | €614,413 | +€19,448 | +3.3% |
| Amounts payable | 17/49 | €138,185 | €88,527 | -€49,657 | -35.9% |
| Amounts payable after more than one year | 17 | €83,333 | €33,333 | -€50,000 | -60.0% |
| Financial debts | 170/4 | €83,333 | €33,333 | -€50,000 | -60.0% |
| Amounts payable within one year | 42/48 | €54,852 | €55,194 | +€343 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | - | €500 | +€500 | |
| Suppliers | 440/4 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €4,852 | €4,694 | -€157 | -3.2% |
| Taxes | 450/3 | €4,852 | €4,694 | -€157 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,924 | €22,924 | = | 0.0% |
| Other operating charges | 640/8 | €4,639 | €4,782 | +€143 | +3.1% |
| Gross operating margin | 9900 | €48,209 | €49,438 | +€1,229 | +2.5% |
| Operating profit (loss) | 9901 | €20,646 | €21,732 | +€1,086 | +5.3% |
| Financial charges | 65/66B | €2,635 | €2,284 | -€351 | -13.3% |
| Recurring financial charges | 65 | €2,635 | €2,284 | -€351 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €18,011 | €19,448 | +€1,437 | +8.0% |
| Profit (loss) for the period | 9904 | €18,011 | €19,448 | +€1,437 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,011 | €19,448 | +€1,437 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.