GV EVENTS: 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 EVENTS
Largest movements
- Tangible fixed assets -€4,632
down €4,632 (-31.4%), from €14,740 to €10,108
of which Land and buildings: -€2,895
- Receivables after one year +€1,660
up €1,660 (+5.6%), from €29,800 to €31,460
- Cash -€749
down €749 (-83.5%), from €897 to €148
mainly Net result for the year (-€7,976) and Receivables after one year (-€1,660)
- Receivables within one year +€726
up €726 (+3.6%), from €20,357 to €21,083
of which Other amounts receivable: +€726
- Profit (loss) carried forward -€7,976
down €7,976 (-461%), from -€1,731 to -€9,708
- Short-term financial debts +€5,100
new in 2025: €5,100
- Gross operating margin -€6,293
down €6,293, from €1,662 to -€4,631
- Financial income +€1,660
up €1,660 (+16,598,500%), from €0 to €1,660
- Financial charges -€1,148
down €1,148 (-78.6%), from €1,461 to €313
- Depreciation -€756
down €756 (-14.0%), from €5,387 to €4,632
- Staff costs -€616
no longer reported in 2025 (was €616)
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 | €71,264 | €68,351 | -€2,913 | -4.1% |
| Fixed assets | 21/28 | €14,740 | €10,108 | -€4,632 | -31.4% |
| Tangible fixed assets | 22/27 | €14,740 | €10,108 | -€4,632 | -31.4% |
| Land and buildings | 22 | €5,364 | €2,469 | -€2,895 | -54.0% |
| Plant, machinery and equipment | 23 | €9,376 | €7,640 | -€1,736 | -18.5% |
| Current assets | 29/58 | €56,524 | €58,243 | +€1,719 | +3.0% |
| Amounts receivable after more than one year | 29 | €29,800 | €31,460 | +€1,660 | +5.6% |
| Other amounts receivable | 291 | €29,800 | €31,460 | +€1,660 | +5.6% |
| Stocks and contracts in progress | 3 | €5,470 | €5,470 | = | 0.0% |
| Stocks | 30/36 | €5,470 | €5,470 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,357 | €21,083 | +€726 | +3.6% |
| Trade receivables | 40 | €2,908 | €2,908 | = | 0.0% |
| Other amounts receivable | 41 | €17,450 | €18,176 | +€726 | +4.2% |
| Cash at bank and in hand | 54/58 | €897 | €148 | -€749 | -83.5% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €71,264 | €68,351 | -€2,913 | -4.1% |
| Equity | 10/15 | €61,703 | €53,727 | -€7,976 | -12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,434 | €43,434 | = | 0.0% |
| Distributable reserves | 133 | €43,434 | €43,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,731 | -€9,708 | -€7,976 | -461% |
| Amounts payable | 17/49 | €9,561 | €14,625 | +€5,064 | +53.0% |
| Amounts payable within one year | 42/48 | €9,561 | €14,625 | +€5,064 | +53.0% |
| Financial debts | 43 | - | €5,100 | +€5,100 | |
| Credit institutions | 430/8 | - | €5,100 | +€5,100 | |
| Trade debts | 44 | €9,561 | €9,525 | -€36 | -0.4% |
| Suppliers | 440/4 | €9,561 | €9,525 | -€36 | -0.4% |
| Remuneration, social security and pensions | 62 | €616 | - | -€616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,387 | €4,632 | -€756 | -14.0% |
| Other operating charges | 640/8 | €385 | €60 | -€325 | -84.4% |
| Gross operating margin | 9900 | €1,662 | -€4,631 | -€6,293 | |
| Operating profit (loss) | 9901 | -€4,727 | -€9,323 | -€4,596 | -97.2% |
| Financial income | 75/76B | €0 | €1,660 | +€1,660 | +16,598,500% |
| Recurring financial income | 75 | €0 | €1,660 | +€1,660 | +16,598,500% |
| Financial charges | 65/66B | €1,461 | €313 | -€1,148 | -78.6% |
| Recurring financial charges | 65 | €1,461 | €313 | -€1,148 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,188 | -€7,976 | -€1,789 | -28.9% |
| Profit (loss) for the period | 9904 | -€6,188 | -€7,976 | -€1,789 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,188 | -€7,976 | -€1,789 | -28.9% |
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 24 October 2026 via checked.be.