GV ENVIRONMENT: 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 ENVIRONMENT
Largest movements
- Receivables within one year +€80,952
up €80,952 (+44.6%), from €181,459 to €262,410
- Tangible fixed assets -€36,548
down €36,548 (-5.4%), from €682,841 to €646,293
of which Land and buildings: -€35,866
- Debts after one year -€81,165
down €81,165 (-20.3%), from €400,641 to €319,476
- Reserves +€65,872
up €65,872 (+20.9%), from €314,956 to €380,828
of which Distributable reserves: +€65,872
- Short-term financial debts +€60,000
new in 2024: €60,000
- Trade debts +€9,967
up €9,967 (+67.8%), from €14,694 to €24,661
- Gross operating margin +€51,876
up €51,876 (+50.9%), from €101,888 to €153,764
- Taxes +€7,230
up €7,230 (+34.8%), from €20,778 to €28,008
- Other operating charges +€5,979
up €5,979 (+176.8%), from €3,382 to €9,362
- Financial charges +€4,007
up €4,007 (+38.0%), from €10,555 to €14,562
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 | €876,560 | €927,015 | +€50,455 | +5.8% |
| Fixed assets | 21/28 | €682,841 | €646,293 | -€36,548 | -5.4% |
| Tangible fixed assets | 22/27 | €682,841 | €646,293 | -€36,548 | -5.4% |
| Land and buildings | 22 | €681,276 | €645,410 | -€35,866 | -5.3% |
| Plant, machinery and equipment | 23 | €62 | €42 | -€20 | -32.5% |
| Furniture and vehicles | 24 | €1,503 | €841 | -€662 | -44.1% |
| Current assets | 29/58 | €193,719 | €280,722 | +€87,003 | +44.9% |
| Amounts receivable within one year | 40/41 | €181,459 | €262,410 | +€80,952 | +44.6% |
| Trade receivables | 40 | €181,459 | €262,410 | +€80,952 | +44.6% |
| Cash at bank and in hand | 54/58 | €12,260 | €18,312 | +€6,052 | +49.4% |
| Total equity and liabilities | 10/49 | €876,560 | €927,015 | +€50,455 | +5.8% |
| Equity | 10/15 | €358,917 | €424,789 | +€65,872 | +18.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €314,956 | €380,828 | +€65,872 | +20.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €284,346 | €350,218 | +€65,872 | +23.2% |
| Profit (loss) carried forward | 14 | €31,561 | €31,561 | = | 0.0% |
| Amounts payable | 17/49 | €517,642 | €502,226 | -€15,417 | -3.0% |
| Amounts payable after more than one year | 17 | €400,641 | €319,476 | -€81,165 | -20.3% |
| Financial debts | 170/4 | €400,641 | €319,476 | -€81,165 | -20.3% |
| Amounts payable within one year | 42/48 | €114,346 | €177,078 | +€62,732 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €53,756 | €53,977 | +€221 | +0.4% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €14,694 | €24,661 | +€9,967 | +67.8% |
| Suppliers | 440/4 | €14,694 | €24,661 | +€9,967 | +67.8% |
| Taxes, remuneration and social security | 45 | €45,896 | €38,440 | -€7,455 | -16.2% |
| Taxes | 450/3 | €45,896 | €38,440 | -€7,455 | -16.2% |
| Accrued charges and deferred income | 492/3 | €2,655 | €5,671 | +€3,016 | +113.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,589 | €36,548 | -€41 | -0.1% |
| Other operating charges | 640/8 | €3,382 | €9,362 | +€5,979 | +176.8% |
| Gross operating margin | 9900 | €101,888 | €153,764 | +€51,876 | +50.9% |
| Operating profit (loss) | 9901 | €61,916 | €107,854 | +€45,938 | +74.2% |
| Financial income | 75/76B | €578 | €588 | +€9 | +1.6% |
| Recurring financial income | 75 | €578 | €588 | +€9 | +1.6% |
| Financial charges | 65/66B | €10,555 | €14,562 | +€4,007 | +38.0% |
| Recurring financial charges | 65 | €10,555 | €14,562 | +€4,007 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €51,939 | €93,880 | +€41,941 | +80.7% |
| Income taxes | 67/77 | €20,778 | €28,008 | +€7,230 | +34.8% |
| Profit (loss) for the period | 9904 | €31,161 | €65,872 | +€34,711 | +111.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,161 | €65,872 | +€34,711 | +111.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.