GV INSURED: 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 INSURED
Largest movements
- Tangible fixed assets +€34,785
up €34,785 (+512%), from €6,797 to €41,583
of which Furniture and vehicles: +€32,997
- Receivables within one year -€23,373
down €23,373 (-18.3%), from €127,928 to €104,555
of which Other amounts receivable: -€37,054
- Cash +€8,959
up €8,959 (+481,672%), from €2 to €8,961
mainly Net result for the year (+€43,115) and Receivables within one year (+€23,373)
- Deferred charges and accrued income -€5,245
down €5,245 (-87.4%), from €6,000 to €755
- Reserves +€43,115
up €43,115 (+60.2%), from €71,563 to €114,679
- Debts after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Other debts -€15,243
down €15,243 (-93.5%), from €16,305 to €1,062
- Accrued charges and deferred income +€12,647
up €12,647, from €0 to €12,647
- Trade debts -€3,158
down €3,158 (-60.8%), from €5,196 to €2,037
- Gross operating margin +€26,168
up €26,168 (+73.7%), from €35,485 to €61,654
- Financial income -€19,259
down €19,259 (-73.7%), from €26,132 to €6,873
- Taxes +€7,306
up €7,306 (+91.9%), from €7,952 to €15,258
- Other operating charges +€4,368
up €4,368 (+667%), from €655 to €5,023
- Depreciation +€1,450
up €1,450 (+164%), from €882 to €2,333
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 | €142,228 | €157,354 | +€15,126 | +10.6% |
| Fixed assets | 21/28 | €8,297 | €43,083 | +€34,785 | +419% |
| Tangible fixed assets | 22/27 | €6,797 | €41,583 | +€34,785 | +512% |
| Plant, machinery and equipment | 23 | - | €1,789 | +€1,789 | |
| Furniture and vehicles | 24 | €6,797 | €39,794 | +€32,997 | +485% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €133,930 | €114,271 | -€19,659 | -14.7% |
| Amounts receivable within one year | 40/41 | €127,928 | €104,555 | -€23,373 | -18.3% |
| Trade receivables | 40 | €10,000 | €23,681 | +€13,681 | +137% |
| Other amounts receivable | 41 | €117,928 | €80,874 | -€37,054 | -31.4% |
| Cash at bank and in hand | 54/58 | €2 | €8,961 | +€8,959 | +481,672% |
| Deferred charges and accrued income | 490/1 | €6,000 | €755 | -€5,245 | -87.4% |
| Total equity and liabilities | 10/49 | €142,228 | €157,354 | +€15,126 | +10.6% |
| Equity | 10/15 | €72,563 | €115,679 | +€43,115 | +59.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,563 | €114,679 | +€43,115 | +60.2% |
| Distributable reserves | 133 | €71,563 | €114,679 | +€43,115 | +60.2% |
| Amounts payable | 17/49 | €69,664 | €41,675 | -€27,989 | -40.2% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 178/9 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €49,664 | €29,027 | -€20,637 | -41.6% |
| Trade debts | 44 | €5,196 | €2,037 | -€3,158 | -60.8% |
| Suppliers | 440/4 | €5,196 | €2,037 | -€3,158 | -60.8% |
| Taxes, remuneration and social security | 45 | €28,163 | €25,928 | -€2,235 | -7.9% |
| Taxes | 450/3 | €28,163 | €25,928 | -€2,235 | -7.9% |
| Other amounts payable | 47/48 | €16,305 | €1,062 | -€15,243 | -93.5% |
| Accrued charges and deferred income | 492/3 | €0 | €12,647 | +€12,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | €2,333 | +€1,450 | +164% |
| Other operating charges | 640/8 | €655 | €5,023 | +€4,368 | +667% |
| Gross operating margin | 9900 | €35,485 | €61,654 | +€26,168 | +73.7% |
| Operating profit (loss) | 9901 | €33,948 | €54,298 | +€20,350 | +59.9% |
| Financial income | 75/76B | €26,132 | €6,873 | -€19,259 | -73.7% |
| Recurring financial income | 75 | €26,132 | €6,873 | -€19,259 | -73.7% |
| Financial charges | 65/66B | €1,866 | €2,798 | +€932 | +50.0% |
| Recurring financial charges | 65 | €1,866 | €2,798 | +€932 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €58,215 | €58,373 | +€158 | +0.3% |
| Income taxes | 67/77 | €7,952 | €15,258 | +€7,306 | +91.9% |
| Profit (loss) for the period | 9904 | €50,263 | €43,115 | -€7,147 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,263 | €43,115 | -€7,147 | -14.2% |
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 15 October 2026 via checked.be.