GV: 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.
GV
Largest movements
- Cash +€43,902
up €43,902 (+129.9%), from €33,792 to €77,694
mainly Net result for the year (+€40,667) and Tax, wage and social debts (+€9,514)
- Receivables within one year +€4,645
up €4,645 (+1032.3%), from €450 to €5,095
of which Trade receivables: +€5,095
- Reserves +€39,001
up €39,001 (+184.6%), from €21,128 to €60,129
- Tax, wage and social debts +€9,514
up €9,514 (+110.5%), from €8,610 to €18,124
- Gross operating margin +€24,599
up €24,599 (+77.0%), from €31,928 to €56,526
- Taxes +€7,115
up €7,115 (+82.6%), from €8,610 to €15,726
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 | €34,762 | €83,759 | +€48,997 | +141.0% |
| Fixed assets | 21/28 | €300 | €695 | +€395 | +131.5% |
| Tangible fixed assets | 22/27 | - | €395 | +€395 | |
| Furniture and vehicles | 24 | - | €395 | +€395 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €34,462 | €83,064 | +€48,602 | +141.0% |
| Amounts receivable within one year | 40/41 | €450 | €5,095 | +€4,645 | +1032.3% |
| Trade receivables | 40 | - | €5,095 | +€5,095 | |
| Other amounts receivable | 41 | €450 | - | -€450 | |
| Cash at bank and in hand | 54/58 | €33,792 | €77,694 | +€43,902 | +129.9% |
| Deferred charges and accrued income | 490/1 | €219 | €275 | +€56 | +25.4% |
| Total equity and liabilities | 10/49 | €34,762 | €83,759 | +€48,997 | +141.0% |
| Equity | 10/15 | €24,128 | €63,129 | +€39,001 | +161.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,128 | €60,129 | +€39,001 | +184.6% |
| Distributable reserves | 133 | €21,128 | €60,129 | +€39,001 | +184.6% |
| Amounts payable | 17/49 | €10,634 | €20,630 | +€9,995 | +94.0% |
| Amounts payable within one year | 42/48 | €10,625 | €20,539 | +€9,915 | +93.3% |
| Trade debts | 44 | €296 | €545 | +€248 | +83.9% |
| Suppliers | 440/4 | €296 | €545 | +€248 | +83.9% |
| Taxes, remuneration and social security | 45 | €8,610 | €18,124 | +€9,514 | +110.5% |
| Taxes | 450/3 | €8,610 | €18,124 | +€9,514 | +110.5% |
| Other amounts payable | 47/48 | €1,718 | €1,870 | +€152 | +8.9% |
| Accrued charges and deferred income | 492/3 | €9 | €90 | +€81 | +853.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | +€0 | |
| Other operating charges | 640/8 | €430 | €98 | -€332 | -77.2% |
| Gross operating margin | 9900 | €31,928 | €56,526 | +€24,599 | +77.0% |
| Operating profit (loss) | 9901 | €31,498 | €56,428 | +€24,931 | +79.2% |
| Financial income | 75/76B | €1 | €37 | +€36 | +4852.0% |
| Recurring financial income | 75 | €1 | €37 | +€36 | +4852.0% |
| Financial charges | 65/66B | €42 | €72 | +€30 | +71.2% |
| Recurring financial charges | 65 | €42 | €72 | +€30 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €31,456 | €56,393 | +€24,937 | +79.3% |
| Income taxes | 67/77 | €8,610 | €15,726 | +€7,115 | +82.6% |
| Profit (loss) for the period | 9904 | €22,846 | €40,667 | +€17,822 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,846 | €40,667 | +€17,822 | +78.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.