GV Electrics: what changed
GV Electrics
Largest movements
- Cash +€56,925
up €56,925 (+109%), from €52,192 to €109,117
mainly Net result for the year (+€40,447) and Depreciation (+€17,541)
- Tangible fixed assets -€17,541
down €17,541 (-6.0%), from €293,534 to €275,993
of which Land and buildings: -€15,244
- Receivables within one year +€15,944
up €15,944 (+17.8%), from €89,722 to €105,665
of which Trade receivables: +€12,935
- Reserves +€39,750
up €39,750 (+142%), from €28,000 to €67,750
of which Distributable reserves: +€32,000
- Trade debts +€7,663
up €7,663 (+1,361%), from €563 to €8,226
- Accrued charges and deferred income +€6,261
new in 2025: €6,261
- Gross operating margin +€33,941
up €33,941 (+48.3%), from €70,335 to €104,276
- Purchases and services +€19,022
up €19,022 (+26.6%), from €71,460 to €90,482
- Financial charges +€5,940
up €5,940 (+5,360%), from €111 to €6,050
- Taxes +€5,155
up €5,155 (+109%), from €4,734 to €9,889
- Financial income +€4,275
up €4,275 (+23,695%), from €18 to €4,293
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 | €445,271 | €504,642 | +€59,371 | +13.3% |
| Fixed assets | 21/28 | €293,534 | €275,993 | -€17,541 | -6.0% |
| Tangible fixed assets | 22/27 | €293,534 | €275,993 | -€17,541 | -6.0% |
| Land and buildings | 22 | €286,452 | €271,209 | -€15,244 | -5.3% |
| Plant, machinery and equipment | 23 | €1,538 | €1,038 | -€500 | -32.5% |
| Furniture and vehicles | 24 | €5,544 | €3,747 | -€1,797 | -32.4% |
| Current assets | 29/58 | €151,737 | €228,648 | +€76,912 | +50.7% |
| Stocks and contracts in progress | 3 | €9,823 | €13,866 | +€4,043 | +41.2% |
| Stocks | 30/36 | €9,823 | €8,066 | -€1,757 | -17.9% |
| Contracts in progress | 37 | - | €5,800 | +€5,800 | |
| Amounts receivable within one year | 40/41 | €89,722 | €105,665 | +€15,944 | +17.8% |
| Trade receivables | 40 | €11,780 | €24,715 | +€12,935 | +110% |
| Other amounts receivable | 41 | €77,942 | €80,951 | +€3,009 | +3.9% |
| Cash at bank and in hand | 54/58 | €52,192 | €109,117 | +€56,925 | +109% |
| Total equity and liabilities | 10/49 | €445,271 | €504,642 | +€59,371 | +13.3% |
| Equity | 10/15 | €139,208 | €179,655 | +€40,447 | +29.1% |
| Contributions | 10/11 | €107,500 | €107,500 | = | 0.0% |
| Capital | 10 | €107,500 | €107,500 | = | 0.0% |
| Issued capital | 100 | €107,500 | €107,500 | = | 0.0% |
| Reserves | 13 | €28,000 | €67,750 | +€39,750 | +142% |
| Non-distributable reserves | 130/1 | €3,000 | €10,750 | +€7,750 | +258% |
| Legal reserve | 130 | €3,000 | €10,750 | +€7,750 | +258% |
| Distributable reserves | 133 | €25,000 | €57,000 | +€32,000 | +128% |
| Profit (loss) carried forward | 14 | €3,708 | €4,405 | +€697 | +18.8% |
| Amounts payable | 17/49 | €306,063 | €324,986 | +€18,923 | +6.2% |
| Amounts payable within one year | 42/48 | €306,063 | €318,726 | +€12,663 | +4.1% |
| Trade debts | 44 | €563 | €8,226 | +€7,663 | +1,361% |
| Suppliers | 440/4 | €563 | €8,226 | +€7,663 | +1,361% |
| Taxes, remuneration and social security | 45 | €5,500 | €10,500 | +€5,000 | +90.9% |
| Taxes | 450/3 | €5,500 | €10,500 | +€5,000 | +90.9% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,261 | +€6,261 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,460 | €90,482 | +€19,022 | +26.6% |
| Remuneration, social security and pensions | 62 | €32,403 | €32,403 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,376 | €17,541 | -€835 | -4.5% |
| Other operating charges | 640/8 | €664 | €2,238 | +€1,573 | +237% |
| Gross operating margin | 9900 | €70,335 | €104,276 | +€33,941 | +48.3% |
| Operating profit (loss) | 9901 | €18,891 | €52,095 | +€33,204 | +176% |
| Financial income | 75/76B | €18 | €4,293 | +€4,275 | +23,695% |
| Recurring financial income | 75 | €18 | €4,293 | +€4,275 | +23,695% |
| Financial charges | 65/66B | €111 | €6,050 | +€5,940 | +5,360% |
| Recurring financial charges | 65 | €111 | €6,050 | +€5,940 | +5,360% |
| Profit (loss) for the period before taxes | 9903 | €18,798 | €50,337 | +€31,539 | +168% |
| Income taxes | 67/77 | €4,734 | €9,889 | +€5,155 | +109% |
| Profit (loss) for the period | 9904 | €14,064 | €40,447 | +€26,383 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €14,064 | €40,447 | +€26,383 | +188% |
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 3 November 2026 via checked.be.