GVB EXPRESS: 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.
GVB EXPRESS
Largest movements
- Receivables within one year +€337,383
up €337,383 (+301.9%), from €111,751 to €449,134
of which Trade receivables: +€337,800
- Financial fixed assets +€28,000
new in 2024: €28,000
- Cash +€7,868
up €7,868 (+318.8%), from €2,468 to €10,336
mainly Trade debts (+€169,968) and Accrued charges and deferred income (+€136,348)
- Tangible fixed assets -€5,167
down €5,167 (-100.0%), from €5,167 to €0
- Trade debts +€169,968
up €169,968 (+717.2%), from €23,700 to €193,667
- Accrued charges and deferred income +€136,348
up €136,348 (+3147.5%), from €4,332 to €140,680
- Profit (loss) carried forward +€34,642
up €34,642, from -€33,427 to €1,215
- Tax, wage and social debts +€22,263
up €22,263 (+71.9%), from €30,956 to €53,219
of which Taxes: +€19,863
- Gross operating margin +€180,379
up €180,379 (+72.1%), from €250,060 to €430,440
- Staff costs +€86,481
up €86,481 (+29.5%), from €292,703 to €379,184
- Other operating charges +€5,299
up €5,299 (+127.4%), from €4,159 to €9,458
- Financial income -€5,013
down €5,013 (-100.0%), from €5,013 to €0
of which Financial income: -€5,013
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,249 | €487,470 | +€363,221 | +292.3% |
| Fixed assets | 21/28 | €5,167 | €28,000 | +€22,833 | +441.9% |
| Tangible fixed assets | 22/27 | €5,167 | €0 | -€5,167 | -100.0% |
| Furniture and vehicles | 24 | €5,167 | €0 | -€5,167 | -100.0% |
| Financial fixed assets | 28 | - | €28,000 | +€28,000 | |
| Current assets | 29/58 | €119,083 | €459,470 | +€340,388 | +285.8% |
| Amounts receivable within one year | 40/41 | €111,751 | €449,134 | +€337,383 | +301.9% |
| Trade receivables | 40 | €91,305 | €429,105 | +€337,800 | +370.0% |
| Other amounts receivable | 41 | €20,447 | €20,029 | -€418 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,468 | €10,336 | +€7,868 | +318.8% |
| Deferred charges and accrued income | 490/1 | €4,863 | €0 | -€4,863 | -100.0% |
| Total equity and liabilities | 10/49 | €124,249 | €487,470 | +€363,221 | +292.3% |
| Equity | 10/15 | -€20,927 | €13,715 | +€34,642 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,427 | €1,215 | +€34,642 | |
| Amounts payable | 17/49 | €145,176 | €473,755 | +€328,579 | +226.3% |
| Amounts payable within one year | 42/48 | €140,844 | €333,075 | +€192,231 | +136.5% |
| Trade debts | 44 | €23,700 | €193,667 | +€169,968 | +717.2% |
| Suppliers | 440/4 | €23,700 | €193,667 | +€169,968 | +717.2% |
| Taxes, remuneration and social security | 45 | €30,956 | €53,219 | +€22,263 | +71.9% |
| Taxes | 450/3 | €0 | €19,863 | +€19,863 | |
| Remuneration and social security | 454/9 | €30,956 | €33,356 | +€2,400 | +7.8% |
| Other amounts payable | 47/48 | €86,189 | €86,189 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,332 | €140,680 | +€136,348 | +3147.5% |
| Remuneration, social security and pensions | 62 | €292,703 | €379,184 | +€86,481 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €5,167 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,159 | €9,458 | +€5,299 | +127.4% |
| Gross operating margin | 9900 | €250,060 | €430,440 | +€180,379 | +72.1% |
| Operating profit (loss) | 9901 | -€51,969 | €36,631 | +€88,600 | |
| Financial income | 75/76B | €5,013 | €0 | -€5,013 | -100.0% |
| Recurring financial income | 75 | €5,013 | €0 | -€5,013 | -100.0% |
| Non-recurring financial income | 76B | €5,013 | €0 | -€5,013 | -100.0% |
| Financial charges | 65/66B | €197 | €1,989 | +€1,792 | +911.5% |
| Recurring financial charges | 65 | €197 | €1,989 | +€1,792 | +911.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,153 | €34,642 | +€81,795 | |
| Profit (loss) for the period | 9904 | -€47,153 | €34,642 | +€81,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,153 | €34,642 | +€81,795 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.