"GV Solutions": 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 Solutions"
Largest movements
- Financial fixed assets +€30,550
up €30,550 (+8.9%), from €345,130 to €375,680
- Cash -€18,322
down €18,322 (-39.7%), from €46,208 to €27,885
mainly Debts after one year (-€39,320) and Investment in fixed assets (net) (-€30,550)
- Tangible fixed assets -€17,333
down €17,333 (-56.9%), from €30,447 to €13,114
- Receivables within one year -€9,455
down €9,455 (-28.9%), from €32,681 to €23,227
of which Trade receivables: -€9,454
- Reserves +€48,000
up €48,000 (+60.1%), from €79,860 to €127,860
- Debts after one year -€39,320
down €39,320 (-64.3%), from €61,154 to €21,834
- Advances received -€9,406
down €9,406 (-100.0%), from €9,406 to €0
- Other debts -€8,408
down €8,408 (-16.0%), from €52,445 to €44,036
- Tax, wage and social debts -€5,940
down €5,940 (-29.4%), from €20,179 to €14,239
of which Taxes: -€2,990
- Financial income +€15,230
up €15,230 (+43.5%), from €35,019 to €50,249
- Gross operating margin -€4,994
down €4,994 (-13.1%), from €38,118 to €33,124
- Purchases and services +€2,972
up €2,972 (+5.5%), from €53,794 to €56,767
- Financial charges +€2,955
up €2,955 (+96.5%), from €3,061 to €6,017
- Other operating charges -€2,408
down €2,408 (-72.7%), from €3,311 to €903
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.
Cash bridge derived
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 | €454,466 | €440,302 | -€14,164 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €375,577 | €388,794 | +€13,217 | +3.5% |
| Tangible fixed assets | 22/27 | €30,447 | €13,114 | -€17,333 | -56.9% |
| Furniture and vehicles | 24 | €30,447 | €13,114 | -€17,333 | -56.9% |
| Financial fixed assets | 28 | €345,130 | €375,680 | +€30,550 | +8.9% |
| Current assets | 29/58 | €78,889 | €51,508 | -€27,381 | -34.7% |
| Amounts receivable within one year | 40/41 | €32,681 | €23,227 | -€9,455 | -28.9% |
| Trade receivables | 40 | €32,671 | €23,217 | -€9,454 | -28.9% |
| Other amounts receivable | 41 | €10 | €9 | -€1 | -9.1% |
| Cash at bank and in hand | 54/58 | €46,208 | €27,885 | -€18,322 | -39.7% |
| Deferred charges and accrued income | 490/1 | €0 | €396 | +€396 | |
| Total equity and liabilities | 10/49 | €454,466 | €440,302 | -€14,164 | -3.1% |
| Equity | 10/15 | €272,636 | €320,873 | +€48,237 | +17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,860 | €127,860 | +€48,000 | +60.1% |
| Distributable reserves | 133 | €79,860 | €127,860 | +€48,000 | +60.1% |
| Profit (loss) carried forward | 14 | €180,376 | €180,613 | +€237 | +0.1% |
| Amounts payable | 17/49 | €181,830 | €119,429 | -€62,402 | -34.3% |
| Amounts payable after more than one year | 17 | €61,154 | €21,834 | -€39,320 | -64.3% |
| Financial debts | 170/4 | €61,154 | €21,834 | -€39,320 | -64.3% |
| Amounts payable within one year | 42/48 | €120,549 | €97,595 | -€22,954 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €38,519 | €39,320 | +€801 | +2.1% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €9,406 | €0 | -€9,406 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,179 | €14,239 | -€5,940 | -29.4% |
| Taxes | 450/3 | €17,229 | €14,239 | -€2,990 | -17.4% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100.0% |
| Other amounts payable | 47/48 | €52,445 | €44,036 | -€8,408 | -16.0% |
| Accrued charges and deferred income | 492/3 | €128 | €0 | -€128 | -100.0% |
| Turnover | 70 | €87,625 | €85,460 | -€2,165 | -2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,794 | €56,767 | +€2,972 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,333 | €17,333 | = | 0.0% |
| Other operating charges | 640/8 | €3,311 | €903 | -€2,408 | -72.7% |
| Gross operating margin | 9900 | €38,118 | €33,124 | -€4,994 | -13.1% |
| Operating profit (loss) | 9901 | €17,473 | €14,887 | -€2,585 | -14.8% |
| Financial income | 75/76B | €35,019 | €50,249 | +€15,230 | +43.5% |
| Recurring financial income | 75 | €35,019 | €50,249 | +€15,230 | +43.5% |
| Financial charges | 65/66B | €3,061 | €6,017 | +€2,955 | +96.5% |
| Recurring financial charges | 65 | €3,061 | €6,017 | +€2,955 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €49,430 | €59,119 | +€9,689 | +19.6% |
| Income taxes | 67/77 | €11,351 | €10,882 | -€469 | -4.1% |
| Profit (loss) for the period | 9904 | €38,079 | €48,237 | +€10,158 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,079 | €48,237 | +€10,158 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.