GV CONCEPT: 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 CONCEPT
Largest movements
- Cash +€9,102
up €9,102 (+155.4%), from €5,858 to €14,960
mainly Other debts (+€15,358) and Depreciation (+€6,499)
- Tangible fixed assets -€3,054
down €3,054 (-5.7%), from €53,864 to €50,810
of which Plant, machinery and equipment: -€5,000
- Stocks and contracts -€2,579
down €2,579 (-39.0%), from €6,606 to €4,028
- Receivables within one year +€734
up €734 (+152.1%), from €483 to €1,217
- Other debts +€15,358
up €15,358 (+33.2%), from €46,294 to €61,652
- Debts after one year -€10,335
down €10,335 (-52.1%), from €19,835 to €9,500
- Profit (loss) carried forward -€5,044
down €5,044 (-4.4%), from -€115,242 to -€120,286
- Tax, wage and social debts +€2,155
up €2,155 (+2.7%), from €78,532 to €80,687
of which Taxes: +€8,886
- Current portion of long-term debt +€1,207
up €1,207 (+11.9%), from €10,128 to €11,335
- Gross operating margin -€14,030
down €14,030 (-10.8%), from €129,820 to €115,790
- Staff costs -€12,475
down €12,475 (-10.7%), from €116,104 to €103,629
- Other operating charges +€8,246
up €8,246 (+486.3%), from €1,696 to €9,942
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,481 | €71,684 | +€4,203 | +6.2% |
| Fixed assets | 21/28 | €54,014 | €50,960 | -€3,054 | -5.7% |
| Tangible fixed assets | 22/27 | €53,864 | €50,810 | -€3,054 | -5.7% |
| Plant, machinery and equipment | 23 | €36,822 | €31,822 | -€5,000 | -13.6% |
| Other tangible fixed assets | 26 | €17,042 | €18,988 | +€1,946 | +11.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €13,467 | €20,724 | +€7,257 | +53.9% |
| Stocks and contracts in progress | 3 | €6,606 | €4,028 | -€2,579 | -39.0% |
| Stocks | 30/36 | €6,606 | €4,028 | -€2,579 | -39.0% |
| Amounts receivable within one year | 40/41 | €483 | €1,217 | +€734 | +152.1% |
| Other amounts receivable | 41 | €483 | €1,217 | +€734 | +152.1% |
| Cash at bank and in hand | 54/58 | €5,858 | €14,960 | +€9,102 | +155.4% |
| Deferred charges and accrued income | 490/1 | €519 | €519 | = | 0.0% |
| Total equity and liabilities | 10/49 | €67,481 | €71,684 | +€4,203 | +6.2% |
| Equity | 10/15 | -€95,242 | -€100,286 | -€5,044 | -5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,242 | -€120,286 | -€5,044 | -4.4% |
| Amounts payable | 17/49 | €162,723 | €171,970 | +€9,247 | +5.7% |
| Amounts payable after more than one year | 17 | €19,835 | €9,500 | -€10,335 | -52.1% |
| Financial debts | 170/4 | €19,835 | €9,500 | -€10,335 | -52.1% |
| Amounts payable within one year | 42/48 | €142,888 | €162,470 | +€19,582 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €10,128 | €11,335 | +€1,207 | +11.9% |
| Trade debts | 44 | €7,934 | €8,795 | +€861 | +10.9% |
| Suppliers | 440/4 | €7,934 | €8,795 | +€861 | +10.9% |
| Taxes, remuneration and social security | 45 | €78,532 | €80,687 | +€2,155 | +2.7% |
| Taxes | 450/3 | €39,755 | €48,641 | +€8,886 | +22.4% |
| Remuneration and social security | 454/9 | €38,778 | €32,047 | -€6,731 | -17.4% |
| Other amounts payable | 47/48 | €46,294 | €61,652 | +€15,358 | +33.2% |
| Remuneration, social security and pensions | 62 | €116,104 | €103,629 | -€12,475 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,385 | €6,499 | +€114 | +1.8% |
| Other operating charges | 640/8 | €1,696 | €9,942 | +€8,246 | +486.3% |
| Gross operating margin | 9900 | €129,820 | €115,790 | -€14,030 | -10.8% |
| Operating profit (loss) | 9901 | €5,635 | -€4,280 | -€9,915 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,148 | €764 | -€384 | -33.5% |
| Recurring financial charges | 65 | €1,148 | €764 | -€384 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €4,487 | -€5,044 | -€9,531 | |
| Profit (loss) for the period | 9904 | €4,487 | -€5,044 | -€9,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,487 | -€5,044 | -€9,531 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.