GV SERVICE: what changed
GV SERVICE
Largest movements
- Cash +€32,750
up €32,750 (+98.5%), from €33,256 to €66,006
mainly Net result for the year (+€14,444) and Receivables within one year (+€10,376)
- Receivables within one year -€10,376
down €10,376 (-65.4%), from €15,859 to €5,484
of which Trade receivables: -€10,633
- Tangible fixed assets -€1,278
down €1,278 (-11.5%), from €11,103 to €9,825
of which Furniture and vehicles: -€1,263
- Reserves +€50,406
up €50,406 (+302%), from €16,684 to €67,090
- Profit (loss) carried forward -€35,962
no longer reported in 2025 (was €35,962)
- Tax, wage and social debts +€6,294
up €6,294 (+141%), from €4,465 to €10,759
- Gross operating margin -€1,504
down €1,504 (-6.1%), from €24,801 to €23,297
- Depreciation +€1,104
up €1,104 (+47.3%), from €2,335 to €3,439
- Taxes -€543
down €543 (-11.2%), from €4,838 to €4,295
- Other operating charges +€309
up €309 (+32.4%), from €955 to €1,264
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,438 | €81,405 | +€20,967 | +34.7% |
| Fixed assets | 21/28 | €11,103 | €9,825 | -€1,278 | -11.5% |
| Tangible fixed assets | 22/27 | €11,103 | €9,825 | -€1,278 | -11.5% |
| Plant, machinery and equipment | 23 | €2,522 | €2,507 | -€15 | -0.6% |
| Furniture and vehicles | 24 | €8,581 | €7,318 | -€1,263 | -14.7% |
| Current assets | 29/58 | €49,335 | €71,580 | +€22,245 | +45.1% |
| Amounts receivable within one year | 40/41 | €15,859 | €5,484 | -€10,376 | -65.4% |
| Trade receivables | 40 | €12,309 | €1,676 | -€10,633 | -86.4% |
| Other amounts receivable | 41 | €3,550 | €3,808 | +€257 | +7.3% |
| Cash at bank and in hand | 54/58 | €33,256 | €66,006 | +€32,750 | +98.5% |
| Deferred charges and accrued income | 490/1 | €220 | €91 | -€129 | -58.8% |
| Total equity and liabilities | 10/49 | €60,438 | €81,405 | +€20,967 | +34.7% |
| Equity | 10/15 | €55,646 | €70,090 | +€14,444 | +26.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,684 | €67,090 | +€50,406 | +302% |
| Distributable reserves | 133 | €16,684 | €67,090 | +€50,406 | +302% |
| Profit (loss) carried forward | 14 | €35,962 | - | -€35,962 | |
| Amounts payable | 17/49 | €4,792 | €11,315 | +€6,523 | +136% |
| Amounts payable within one year | 42/48 | €4,792 | €11,315 | +€6,523 | +136% |
| Trade debts | 44 | €327 | €557 | +€229 | +70.0% |
| Suppliers | 440/4 | €327 | €557 | +€229 | +70.0% |
| Taxes, remuneration and social security | 45 | €4,465 | €10,759 | +€6,294 | +141% |
| Taxes | 450/3 | €4,465 | €10,759 | +€6,294 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,335 | €3,439 | +€1,104 | +47.3% |
| Other operating charges | 640/8 | €955 | €1,264 | +€309 | +32.4% |
| Gross operating margin | 9900 | €24,801 | €23,297 | -€1,504 | -6.1% |
| Operating profit (loss) | 9901 | €21,511 | €18,594 | -€2,917 | -13.6% |
| Financial income | 75/76B | €52 | €234 | +€181 | +346% |
| Recurring financial income | 75 | €52 | €234 | +€181 | +346% |
| Financial charges | 65/66B | €41 | €89 | +€48 | +116% |
| Recurring financial charges | 65 | €41 | €89 | +€48 | +116% |
| Profit (loss) for the period before taxes | 9903 | €21,522 | €18,739 | -€2,784 | -12.9% |
| Income taxes | 67/77 | €4,838 | €4,295 | -€543 | -11.2% |
| Profit (loss) for the period | 9904 | €16,684 | €14,444 | -€2,240 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,684 | €14,444 | -€2,240 | -13.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.