GV Consulting: 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.
GV Consulting
Largest movements
- Receivables within one year -€22,630
down €22,630 (-60.9%), from €37,130 to €14,500
of which Trade receivables: -€19,608
- Cash -€20,185
down €20,185 (-89.4%), from €22,580 to €2,395
mainly Short-term financial debts (-€125,000) and Debts after one year (-€33,935)
- Intangible fixed assets -€5,000
down €5,000 (-20.0%), from €24,999 to €19,998
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Other debts +€92,762
new in 2025: €92,762
- Debts after one year -€33,935
down €33,935 (-17.3%), from €196,112 to €162,176
- Reserves +€33,000
up €33,000 (+60.0%), from €55,000 to €88,000
- Tax, wage and social debts -€10,526
down €10,526 (-38.4%), from €27,376 to €16,850
of which Taxes: -€9,026
- Financial charges +€6,667
up €6,667 (+79.1%), from €8,429 to €15,097
- Gross operating margin -€3,292
down €3,292 (-4.7%), from €70,358 to €67,066
- Taxes -€3,084
down €3,084 (-24.0%), from €12,875 to €9,791
- Other operating charges -€1,712
down €1,712 (-51.1%), from €3,349 to €1,637
- Depreciation +€1,051
up €1,051 (+13.7%), from €7,695 to €8,747
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 | €443,623 | €399,130 | -€44,494 | -10.0% |
| Fixed assets | 21/28 | €383,913 | €381,693 | -€2,220 | -0.6% |
| Intangible fixed assets | 21 | €24,999 | €19,998 | -€5,000 | -20.0% |
| Tangible fixed assets | 22/27 | €8,915 | €11,695 | +€2,780 | +31.2% |
| Plant, machinery and equipment | 23 | €571 | €3,741 | +€3,170 | +555% |
| Furniture and vehicles | 24 | €8,344 | €6,283 | -€2,061 | -24.7% |
| Other tangible fixed assets | 26 | - | €1,670 | +€1,670 | |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €59,710 | €17,436 | -€42,274 | -70.8% |
| Amounts receivable within one year | 40/41 | €37,130 | €14,500 | -€22,630 | -60.9% |
| Trade receivables | 40 | €22,142 | €2,534 | -€19,608 | -88.6% |
| Other amounts receivable | 41 | €14,988 | €11,966 | -€3,022 | -20.2% |
| Cash at bank and in hand | 54/58 | €22,580 | €2,395 | -€20,185 | -89.4% |
| Deferred charges and accrued income | 490/1 | - | €541 | +€541 | |
| Total equity and liabilities | 10/49 | €443,623 | €399,130 | -€44,494 | -10.0% |
| Equity | 10/15 | €60,996 | €92,915 | +€31,919 | +52.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €88,000 | +€33,000 | +60.0% |
| Distributable reserves | 133 | €55,000 | €88,000 | +€33,000 | +60.0% |
| Profit (loss) carried forward | 14 | €1,996 | €915 | -€1,081 | -54.2% |
| Amounts payable | 17/49 | €382,628 | €306,215 | -€76,413 | -20.0% |
| Amounts payable after more than one year | 17 | €196,112 | €162,176 | -€33,935 | -17.3% |
| Financial debts | 170/4 | €196,112 | €162,176 | -€33,935 | -17.3% |
| Amounts payable within one year | 42/48 | €186,377 | €144,038 | -€42,339 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €32,724 | €33,935 | +€1,211 | +3.7% |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €1,277 | €491 | -€786 | -61.5% |
| Suppliers | 440/4 | €1,277 | €491 | -€786 | -61.5% |
| Taxes, remuneration and social security | 45 | €27,376 | €16,850 | -€10,526 | -38.4% |
| Taxes | 450/3 | €24,876 | €15,850 | -€9,026 | -36.3% |
| Remuneration and social security | 454/9 | €2,500 | €1,000 | -€1,500 | -60.0% |
| Other amounts payable | 47/48 | - | €92,762 | +€92,762 | |
| Accrued charges and deferred income | 492/3 | €139 | - | -€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,695 | €8,747 | +€1,051 | +13.7% |
| Other operating charges | 640/8 | €3,349 | €1,637 | -€1,712 | -51.1% |
| Gross operating margin | 9900 | €70,358 | €67,066 | -€3,292 | -4.7% |
| Operating profit (loss) | 9901 | €59,313 | €56,682 | -€2,631 | -4.4% |
| Financial income | 75/76B | €118 | €124 | +€7 | +5.7% |
| Recurring financial income | 75 | €118 | €124 | +€7 | +5.7% |
| Financial charges | 65/66B | €8,429 | €15,097 | +€6,667 | +79.1% |
| Recurring financial charges | 65 | €8,429 | €15,097 | +€6,667 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €51,002 | €41,710 | -€9,292 | -18.2% |
| Income taxes | 67/77 | €12,875 | €9,791 | -€3,084 | -24.0% |
| Profit (loss) for the period | 9904 | €38,127 | €31,919 | -€6,208 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,127 | €31,919 | -€6,208 | -16.3% |
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 16 October 2026 via checked.be.