GVB Consulting: 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.
GVB Consulting
Largest movements
- Receivables after one year +€77,763
up €77,763 (+64.2%), from €121,079 to €198,842
- Cash -€60,004
down €60,004 (-40.5%), from €148,329 to €88,326
mainly Contributions, distributions and other (-€202,859) and Receivables after one year (-€77,763)
- Receivables within one year +€7,166
up €7,166 (+11.7%), from €61,312 to €68,479
of which Trade receivables: +€13,715
- Tangible fixed assets -€4,237
down €4,237 (-42.0%), from €10,078 to €5,841
- Other debts +€160,364
up €160,364 (+840.1%), from €19,089 to €179,454
- Reserves -€155,000
down €155,000 (-52.2%), from €297,000 to €142,000
- Tax, wage and social debts +€15,225
up €15,225 (+85.1%), from €17,894 to €33,119
of which Taxes: +€15,229
- Gross operating margin -€25,215
down €25,215 (-27.1%), from €92,995 to €67,779
- Financial charges -€23,943
down €23,943 (-86.5%), from €27,688 to €3,744
of which Non-recurring financial charges: -€20,000
- Financial income -€4,386
down €4,386 (-30.6%), from €14,335 to €9,950
- Taxes -€3,869
down €3,869 (-16.2%), from €23,945 to €20,076
- Depreciation +€1,075
up €1,075 (+34.0%), from €3,162 to €4,237
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 | €357,188 | €376,916 | +€19,728 | +5.5% |
| Fixed assets | 21/28 | €10,078 | €5,841 | -€4,237 | -42.0% |
| Tangible fixed assets | 22/27 | €10,078 | €5,841 | -€4,237 | -42.0% |
| Furniture and vehicles | 24 | €10,078 | €5,841 | -€4,237 | -42.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €347,110 | €371,075 | +€23,965 | +6.9% |
| Amounts receivable after more than one year | 29 | €121,079 | €198,842 | +€77,763 | +64.2% |
| Other amounts receivable | 291 | €121,079 | €198,842 | +€77,763 | +64.2% |
| Amounts receivable within one year | 40/41 | €61,312 | €68,479 | +€7,166 | +11.7% |
| Trade receivables | 40 | €50,236 | €63,951 | +€13,715 | +27.3% |
| Other amounts receivable | 41 | €11,077 | €4,528 | -€6,549 | -59.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €148,329 | €88,326 | -€60,004 | -40.5% |
| Deferred charges and accrued income | 490/1 | €16,389 | €15,428 | -€961 | -5.9% |
| Total equity and liabilities | 10/49 | €357,188 | €376,916 | +€19,728 | +5.5% |
| Equity | 10/15 | €315,600 | €160,600 | -€155,000 | -49.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,000 | €142,000 | -€155,000 | -52.2% |
| Distributable reserves | 133 | €297,000 | €142,000 | -€155,000 | -52.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,588 | €216,316 | +€174,728 | +420.1% |
| Amounts payable within one year | 42/48 | €40,083 | €214,811 | +€174,728 | +435.9% |
| Trade debts | 44 | €3,100 | €2,238 | -€861 | -27.8% |
| Suppliers | 440/4 | €3,100 | €2,238 | -€861 | -27.8% |
| Taxes, remuneration and social security | 45 | €17,894 | €33,119 | +€15,225 | +85.1% |
| Taxes | 450/3 | €17,890 | €33,119 | +€15,229 | +85.1% |
| Remuneration and social security | 454/9 | €4 | €0 | -€4 | -100.0% |
| Other amounts payable | 47/48 | €19,089 | €179,454 | +€160,364 | +840.1% |
| Accrued charges and deferred income | 492/3 | €1,505 | €1,505 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,162 | €4,237 | +€1,075 | +34.0% |
| Other operating charges | 640/8 | €1,876 | €1,813 | -€63 | -3.4% |
| Gross operating margin | 9900 | €92,995 | €67,779 | -€25,215 | -27.1% |
| Operating profit (loss) | 9901 | €87,956 | €61,729 | -€26,227 | -29.8% |
| Financial income | 75/76B | €14,335 | €9,950 | -€4,386 | -30.6% |
| Recurring financial income | 75 | €14,335 | €9,950 | -€4,386 | -30.6% |
| Financial charges | 65/66B | €27,688 | €3,744 | -€23,943 | -86.5% |
| Recurring financial charges | 65 | €7,688 | €3,744 | -€3,943 | -51.3% |
| Non-recurring financial charges | 66B | €20,000 | €0 | -€20,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €74,604 | €67,935 | -€6,669 | -8.9% |
| Income taxes | 67/77 | €23,945 | €20,076 | -€3,869 | -16.2% |
| Profit (loss) for the period | 9904 | €50,658 | €47,859 | -€2,800 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,658 | €47,859 | -€2,800 | -5.5% |
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 9 October 2026 via checked.be.