GMVV CONSULTING: what changed
GMVV CONSULTING
Largest movements
- Receivables within one year -€172,686
down €172,686 (-73.9%), from €233,717 to €61,031
- Cash -€32,804
down €32,804 (-10.4%), from €316,555 to €283,751
mainly Contributions, distributions and other (-€329,412) and Trade debts (-€27,202)
- Profit (loss) carried forward -€232,743
down €232,743 (-51.5%), from €451,964 to €219,221
- Tax, wage and social debts +€55,419
up €55,419 (+93.2%), from €59,438 to €114,858
of which Remuneration and social security: +€46,328
- Trade debts -€27,202
down €27,202 (-77.6%), from €35,055 to €7,852
- Staff costs +€202,958
up €202,958 (+35.2%), from €576,142 to €779,100
- Gross operating margin +€120,964
up €120,964 (+15.2%), from €797,124 to €918,088
- Taxes -€44,688
down €44,688 (-60.0%), from €74,537 to €29,849
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,510 | €346,366 | -€208,144 | -37.5% |
| Fixed assets | 21/28 | €4,238 | €1,584 | -€2,654 | -62.6% |
| Tangible fixed assets | 22/27 | €3,875 | €1,221 | -€2,654 | -68.5% |
| Furniture and vehicles | 24 | €3,875 | €1,221 | -€2,654 | -68.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €550,272 | €344,782 | -€205,490 | -37.3% |
| Amounts receivable within one year | 40/41 | €233,717 | €61,031 | -€172,686 | -73.9% |
| Trade receivables | 40 | €233,717 | €61,031 | -€172,686 | -73.9% |
| Cash at bank and in hand | 54/58 | €316,555 | €283,751 | -€32,804 | -10.4% |
| Total equity and liabilities | 10/49 | €554,510 | €346,366 | -€208,144 | -37.5% |
| Equity | 10/15 | €451,964 | €219,221 | -€232,743 | -51.5% |
| Profit (loss) carried forward | 14 | €451,964 | €219,221 | -€232,743 | -51.5% |
| Amounts payable | 17/49 | €102,546 | €127,145 | +€24,599 | +24.0% |
| Amounts payable within one year | 42/48 | €102,546 | €127,145 | +€24,599 | +24.0% |
| Trade debts | 44 | €35,055 | €7,852 | -€27,202 | -77.6% |
| Suppliers | 440/4 | €35,055 | €7,852 | -€27,202 | -77.6% |
| Advances received on contracts in progress | 46 | €2,520 | - | -€2,520 | |
| Taxes, remuneration and social security | 45 | €59,438 | €114,858 | +€55,419 | +93.2% |
| Taxes | 450/3 | €24,234 | €33,326 | +€9,091 | +37.5% |
| Remuneration and social security | 454/9 | €35,204 | €81,532 | +€46,328 | +132% |
| Other amounts payable | 47/48 | €5,533 | €4,436 | -€1,097 | -19.8% |
| Remuneration, social security and pensions | 62 | €576,142 | €779,100 | +€202,958 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,325 | €2,654 | -€671 | -20.2% |
| Other operating charges | 640/8 | €3,377 | €928 | -€2,448 | -72.5% |
| Gross operating margin | 9900 | €797,124 | €918,088 | +€120,964 | +15.2% |
| Operating profit (loss) | 9901 | €214,280 | €135,406 | -€78,874 | -36.8% |
| Financial income | 75/76B | €554 | €202 | -€352 | -63.6% |
| Recurring financial income | 75 | €554 | €202 | -€352 | -63.6% |
| Financial charges | 65/66B | €1,014 | €9,090 | +€8,076 | +797% |
| Recurring financial charges | 65 | €1,014 | €9,090 | +€8,076 | +797% |
| Profit (loss) for the period before taxes | 9903 | €213,820 | €126,518 | -€87,302 | -40.8% |
| Income taxes | 67/77 | €74,537 | €29,849 | -€44,688 | -60.0% |
| Profit (loss) for the period | 9904 | €139,283 | €96,669 | -€42,615 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,283 | €96,669 | -€42,615 | -30.6% |
Next steps
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.