GV ESTATE: 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 ESTATE
Largest movements
- Cash +€73,953
up €73,953 (+415%), from €17,801 to €91,754
mainly Net result for the year (+€68,909) and Tax, wage and social debts (+€7,579)
- Deferred charges and accrued income +€1,299
new in 2025: €1,299
- Tangible fixed assets +€1,128
new in 2025: €1,128
- Profit (loss) carried forward +€68,909
up €68,909 (+858%), from €8,035 to €76,944
- Tax, wage and social debts +€7,579
up €7,579 (+129%), from €5,861 to €13,440
of which Taxes: +€7,259
- Gross operating margin +€77,856
up €77,856 (+701%), from €11,112 to €88,969
- Taxes +€16,023
up €16,023 (+596%), from €2,690 to €18,713
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 | €17,801 | €94,181 | +€76,380 | +429% |
| Fixed assets | 21/28 | - | €1,128 | +€1,128 | |
| Tangible fixed assets | 22/27 | - | €1,128 | +€1,128 | |
| Furniture and vehicles | 24 | - | €1,128 | +€1,128 | |
| Current assets | 29/58 | €17,801 | €93,053 | +€75,251 | +423% |
| Cash at bank and in hand | 54/58 | €17,801 | €91,754 | +€73,953 | +415% |
| Deferred charges and accrued income | 490/1 | - | €1,299 | +€1,299 | |
| Total equity and liabilities | 10/49 | €17,801 | €94,181 | +€76,380 | +429% |
| Equity | 10/15 | €11,035 | €79,944 | +€68,909 | +624% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,035 | €76,944 | +€68,909 | +858% |
| Amounts payable | 17/49 | €6,767 | €14,237 | +€7,471 | +110% |
| Amounts payable within one year | 42/48 | €6,767 | €14,237 | +€7,471 | +110% |
| Trade debts | 44 | €731 | €112 | -€619 | -84.6% |
| Suppliers | 440/4 | €731 | €112 | -€619 | -84.6% |
| Taxes, remuneration and social security | 45 | €5,861 | €13,440 | +€7,579 | +129% |
| Taxes | 450/3 | €5,861 | €13,120 | +€7,259 | +124% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €175 | €685 | +€510 | +292% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €45 | +€45 | |
| Other operating charges | 640/8 | €387 | €430 | +€42 | +10.9% |
| Gross operating margin | 9900 | €11,112 | €88,969 | +€77,856 | +701% |
| Operating profit (loss) | 9901 | €10,725 | €88,494 | +€77,769 | +725% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €872 | +€872 | |
| Recurring financial charges | 65 | - | €872 | +€872 | |
| Profit (loss) for the period before taxes | 9903 | €10,725 | €87,622 | +€76,897 | +717% |
| Income taxes | 67/77 | €2,690 | €18,713 | +€16,023 | +596% |
| Profit (loss) for the period | 9904 | €8,035 | €68,909 | +€60,874 | +758% |
| Profit (loss) for the period to be appropriated | 9905 | €8,035 | €68,909 | +€60,874 | +758% |
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 27 October 2026 via checked.be.