GV PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€26,000
down €26,000 (-6.5%), from €402,466 to €376,466
- Debts after one year -€58,078
down €58,078 (-42.5%), from €136,607 to €78,528
- Profit (loss) carried forward +€17,423
up €17,423 (+23.7%), from €73,474 to €90,897
- Other debts +€13,457
up €13,457 (+15.8%), from €84,956 to €98,413
- Gross operating margin -€5,375
down €5,375 (-7.6%), from €70,643 to €65,267
- Taxes +€5,049
up €5,049 (+124%), from €4,063 to €9,111
- Other operating charges -€786
down €786 (-15.3%), from €5,132 to €4,346
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 | €407,887 | €382,916 | -€24,971 | -6.1% |
| Fixed assets | 21/28 | €402,466 | €376,466 | -€26,000 | -6.5% |
| Tangible fixed assets | 22/27 | €402,466 | €376,466 | -€26,000 | -6.5% |
| Land and buildings | 22 | €402,466 | €376,466 | -€26,000 | -6.5% |
| Current assets | 29/58 | €5,421 | €6,450 | +€1,029 | +19.0% |
| Cash at bank and in hand | 54/58 | €5,421 | €6,450 | +€1,029 | +19.0% |
| Total equity and liabilities | 10/49 | €407,887 | €382,916 | -€24,971 | -6.1% |
| Equity | 10/15 | €128,645 | €146,067 | +€17,423 | +13.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,170 | €5,170 | = | 0.0% |
| Distributable reserves | 133 | €5,170 | €5,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,474 | €90,897 | +€17,423 | +23.7% |
| Amounts payable | 17/49 | €279,242 | €236,848 | -€42,394 | -15.2% |
| Amounts payable after more than one year | 17 | €136,607 | €78,528 | -€58,078 | -42.5% |
| Financial debts | 170/4 | €136,607 | €78,528 | -€58,078 | -42.5% |
| Amounts payable within one year | 42/48 | €142,635 | €158,320 | +€15,685 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €57,386 | €59,836 | +€2,450 | +4.3% |
| Trade debts | 44 | €293 | €71 | -€222 | -75.9% |
| Suppliers | 440/4 | €293 | €71 | -€222 | -75.9% |
| Other amounts payable | 47/48 | €84,956 | €98,413 | +€13,457 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,000 | €26,000 | = | 0.0% |
| Other operating charges | 640/8 | €5,132 | €4,346 | -€786 | -15.3% |
| Gross operating margin | 9900 | €70,643 | €65,267 | -€5,375 | -7.6% |
| Operating profit (loss) | 9901 | €39,511 | €34,921 | -€4,589 | -11.6% |
| Financial charges | 65/66B | €8,101 | €8,387 | +€287 | +3.5% |
| Recurring financial charges | 65 | €8,101 | €8,387 | +€287 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €31,410 | €26,534 | -€4,876 | -15.5% |
| Income taxes | 67/77 | €4,063 | €9,111 | +€5,049 | +124% |
| Profit (loss) for the period | 9904 | €27,347 | €17,423 | -€9,925 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,347 | €17,423 | -€9,925 | -36.3% |
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.