GV²: 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.
GV²
Largest movements
- Receivables within one year +€7,493
up €7,493 (+24.5%), from €30,603 to €38,096
of which Other amounts receivable: +€28,942
- Cash +€3,238
up €3,238 (+3150.3%), from €103 to €3,341
mainly Advances received (+€6,870) and Net result for the year (+€5,238)
- Tangible fixed assets -€1,402
down €1,402 (-14.9%), from €9,415 to €8,013
of which Land and buildings: -€744
- Advances received +€6,870
new in 2025: €6,870
- Reserves +€5,238
up €5,238 (+592.4%), from €884 to €6,123
- Tax, wage and social debts +€3,497
up €3,497 (+12.5%), from €28,006 to €31,502
- Other debts -€3,422
down €3,422 (-100.0%), from €3,422 to €0
- Short-term financial debts -€2,692
down €2,692 (-62.5%), from €4,304 to €1,612
- Gross operating margin -€12,484
down €12,484 (-46.0%), from €27,148 to €14,664
- Taxes -€2,324
down €2,324 (-36.8%), from €6,313 to €3,989
- Other operating charges +€1,253
up €1,253 (+860.6%), from €146 to €1,398
- Financial charges -€988
down €988 (-28.0%), from €3,528 to €2,540
- Staff costs +€908
up €908, from €0 to €908
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 | €50,604 | €59,600 | +€8,996 | +17.8% |
| Fixed assets | 21/28 | €9,415 | €8,013 | -€1,402 | -14.9% |
| Tangible fixed assets | 22/27 | €9,415 | €8,013 | -€1,402 | -14.9% |
| Land and buildings | 22 | €6,344 | €5,600 | -€744 | -11.7% |
| Plant, machinery and equipment | 23 | €1,973 | €1,747 | -€226 | -11.4% |
| Furniture and vehicles | 24 | €1,099 | €666 | -€433 | -39.4% |
| Current assets | 29/58 | €41,189 | €51,588 | +€10,398 | +25.2% |
| Stocks and contracts in progress | 3 | €7,002 | €7,002 | = | 0.0% |
| Stocks | 30/36 | €7,002 | €7,002 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,603 | €38,096 | +€7,493 | +24.5% |
| Trade receivables | 40 | €27,126 | €5,678 | -€21,448 | -79.1% |
| Other amounts receivable | 41 | €3,476 | €32,418 | +€28,942 | +832.5% |
| Cash at bank and in hand | 54/58 | €103 | €3,341 | +€3,238 | +3150.3% |
| Deferred charges and accrued income | 490/1 | €3,482 | €3,149 | -€333 | -9.6% |
| Total equity and liabilities | 10/49 | €50,604 | €59,600 | +€8,996 | +17.8% |
| Equity | 10/15 | €2,884 | €8,123 | +€5,238 | +181.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €884 | €6,123 | +€5,238 | +592.4% |
| Distributable reserves | 133 | €884 | €6,123 | +€5,238 | +592.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,720 | €51,478 | +€3,758 | +7.9% |
| Amounts payable within one year | 42/48 | €47,720 | €51,128 | +€3,408 | +7.1% |
| Financial debts | 43 | €4,304 | €1,612 | -€2,692 | -62.5% |
| Credit institutions | 430/8 | €4,304 | €1,612 | -€2,692 | -62.5% |
| Trade debts | 44 | €11,987 | €11,143 | -€844 | -7.0% |
| Suppliers | 440/4 | €11,987 | €11,143 | -€844 | -7.0% |
| Advances received on contracts in progress | 46 | - | €6,870 | +€6,870 | |
| Taxes, remuneration and social security | 45 | €28,006 | €31,502 | +€3,497 | +12.5% |
| Taxes | 450/3 | €28,006 | €31,502 | +€3,497 | +12.5% |
| Other amounts payable | 47/48 | €3,422 | €0 | -€3,422 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €0 | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €1,402 | +€233 | +19.9% |
| Other operating charges | 640/8 | €146 | €1,398 | +€1,253 | +860.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,148 | €14,664 | -€12,484 | -46.0% |
| Operating profit (loss) | 9901 | €25,832 | €10,955 | -€14,877 | -57.6% |
| Financial income | 75/76B | - | €813 | +€813 | |
| Recurring financial income | 75 | - | €813 | +€813 | |
| Financial charges | 65/66B | €3,528 | €2,540 | -€988 | -28.0% |
| Recurring financial charges | 65 | €3,528 | €2,540 | -€988 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €22,304 | €9,228 | -€13,077 | -58.6% |
| Income taxes | 67/77 | €6,313 | €3,989 | -€2,324 | -36.8% |
| Profit (loss) for the period | 9904 | €15,991 | €5,238 | -€10,753 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,991 | €5,238 | -€10,753 | -67.2% |
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.