Gvanh: what changed
Two fiscal 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.
Gvanh
Largest movements
- Tangible fixed assets -€35,635
down €35,635 (-85.7%), from €41,596 to €5,961
of which Furniture and vehicles: -€35,292
- Receivables within one year -€12,421
down €12,421 (-97.2%), from €12,779 to €358
of which Trade receivables: -€12,645
- Deferred charges and accrued income -€1,449
down €1,449 (-100.0%), from €1,449 to €0
- Debts after one year -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Current portion of long-term debt -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Tax, wage and social debts -€11,736
down €11,736 (-100.0%), from €11,741 to €5
- Profit (loss) carried forward -€4,060
down €4,060, from €0 to -€4,060
- Other debts -€3,756
down €3,756 (-100.0%), from €3,756 to €0
- Gross operating margin -€64,476
down €64,476, from €57,757 to -€6,719
- Taxes -€9,998
down €9,998 (-99.9%), from €10,003 to €5
- Depreciation -€8,698
down €8,698 (-89.7%), from €9,700 to €1,002
- Financial income +€4,281
new in 2025: €4,281
of which Non-recurring financial income: +€4,281
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 | €100,469 | €50,207 | -€50,263 | -50.0% |
| Fixed assets | 21/28 | €41,596 | €5,961 | -€35,635 | -85.7% |
| Tangible fixed assets | 22/27 | €41,596 | €5,961 | -€35,635 | -85.7% |
| Plant, machinery and equipment | 23 | €742 | €398 | -€343 | -46.3% |
| Furniture and vehicles | 24 | €40,854 | €5,563 | -€35,292 | -86.4% |
| Current assets | 29/58 | €58,873 | €44,246 | -€14,628 | -24.8% |
| Amounts receivable within one year | 40/41 | €12,779 | €358 | -€12,421 | -97.2% |
| Trade receivables | 40 | €12,779 | €133 | -€12,645 | -99.0% |
| Other amounts receivable | 41 | €0 | €224 | +€224 | |
| Cash at bank and in hand | 54/58 | €44,646 | €43,888 | -€758 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,449 | €0 | -€1,449 | -100.0% |
| Total equity and liabilities | 10/49 | €100,469 | €50,207 | -€50,263 | -50.0% |
| Equity | 10/15 | €53,912 | €49,852 | -€4,060 | -7.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,912 | €48,912 | = | 0.0% |
| Distributable reserves | 133 | €48,912 | €48,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,060 | -€4,060 | |
| Amounts payable | 17/49 | €46,558 | €354 | -€46,203 | -99.2% |
| Amounts payable after more than one year | 17 | €18,000 | €0 | -€18,000 | -100.0% |
| Financial debts | 170/4 | €18,000 | €0 | -€18,000 | -100.0% |
| Amounts payable within one year | 42/48 | €28,219 | €354 | -€27,865 | -98.7% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €0 | -€12,000 | -100.0% |
| Trade debts | 44 | €722 | €349 | -€373 | -51.7% |
| Suppliers | 440/4 | €722 | €349 | -€373 | -51.7% |
| Taxes, remuneration and social security | 45 | €11,741 | €5 | -€11,736 | -100.0% |
| Taxes | 450/3 | €11,741 | €5 | -€11,736 | -100.0% |
| Other amounts payable | 47/48 | €3,756 | €0 | -€3,756 | -100.0% |
| Accrued charges and deferred income | 492/3 | €338 | €0 | -€338 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,700 | €1,002 | -€8,698 | -89.7% |
| Other operating charges | 640/8 | €823 | €416 | -€406 | -49.4% |
| Gross operating margin | 9900 | €57,757 | -€6,719 | -€64,476 | |
| Operating profit (loss) | 9901 | €47,233 | -€8,138 | -€55,371 | |
| Financial income | 75/76B | - | €4,281 | +€4,281 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €4,281 | +€4,281 | |
| Financial charges | 65/66B | €479 | €198 | -€281 | -58.7% |
| Recurring financial charges | 65 | €479 | €198 | -€281 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €46,755 | -€4,054 | -€50,809 | |
| Income taxes | 67/77 | €10,003 | €5 | -€9,998 | -99.9% |
| Profit (loss) for the period | 9904 | €36,752 | -€4,060 | -€40,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,752 | -€4,060 | -€40,811 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.