GVB HOLDING: 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.
What changed
GVB HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €2.2m-€737,097
Equity
€1.5m
2024 · €1.5m+€60,466
Cash
€2,314
2024 · €696+€1,617
Balance sheet total
€1.6m
2024 · €1.7m-€72,774
Largest movements
Assets
- Tangible fixed assets -€74,404
down €74,404 (-6.1%), from €1.2m to €1.1m
Equity and liabilities
- Other debts -€130,802
down €130,802 (-79.9%), from €163,746 to €32,944
- Profit (loss) carried forward +€60,466
up €60,466 (+4.4%), from €1.4m to €1.4m
- Trade debts -€17,312
down €17,312 (-99.4%), from €17,411 to €99
Income statement
- Financial income -€777,807
down €777,807 (-36.1%), from €2.2m to €1.4m
- Financial charges -€56,685
down €56,685 (-88.5%), from €64,019 to €7,334
- Taxes +€15,024
up €15,024 (+212%), from €7,101 to €22,124
of which Taxes: +€15,024
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.
Result 2024
€2.2m
Turnover
-€635
Services and other goods
+€1,448
Depreciation
-€1,603
Other operating charges
-€160
Financial income
-€777,807
Financial charges
+€56,685
Taxes
-€15,024
Result 2025
€1.4m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.4m
Investment
€0
Financing
-€1.4m
Cash 2024
€696
From operations (derived)
+€1.4m
Net result for the year
+€1.4m
Depreciation
+€74,404
Receivables within one year
-€13
Trade debts
-€17,312
Tax, wage and social debts
+€14,874
Other debts
-€130,802
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€2,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,674,008 | €1,601,234 | -€72,774 | -4.3% |
| Fixed assets | 21/28 | €1,672,501 | €1,598,097 | -€74,404 | -4.4% |
| Tangible fixed assets | 22/27 | €1,221,785 | €1,147,381 | -€74,404 | -6.1% |
| Land and buildings | 22 | €1,221,785 | €1,147,381 | -€74,404 | -6.1% |
| Financial fixed assets | 28 | €450,716 | €450,716 | = | 0.0% |
| Affiliated companies | 280/1 | €450,716 | €450,716 | = | 0.0% |
| Participating interests | 280 | €450,716 | €450,716 | = | 0.0% |
| Current assets | 29/58 | €1,507 | €3,137 | +€1,630 | +108% |
| Amounts receivable within one year | 40/41 | €811 | €823 | +€13 | +1.6% |
| Other amounts receivable | 41 | €811 | €823 | +€13 | +1.6% |
| Cash at bank and in hand | 54/58 | €696 | €2,314 | +€1,617 | +232% |
| Total equity and liabilities | 10/49 | €1,674,008 | €1,601,234 | -€72,774 | -4.3% |
| Equity | 10/15 | €1,485,750 | €1,546,216 | +€60,466 | +4.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,375,750 | €1,436,216 | +€60,466 | +4.4% |
| Amounts payable | 17/49 | €188,258 | €55,018 | -€133,240 | -70.8% |
| Amounts payable within one year | 42/48 | €188,258 | €55,018 | -€133,240 | -70.8% |
| Trade debts | 44 | €17,411 | €99 | -€17,312 | -99.4% |
| Suppliers | 440/4 | €17,411 | €99 | -€17,312 | -99.4% |
| Taxes, remuneration and social security | 45 | €7,101 | €21,975 | +€14,874 | +209% |
| Taxes | 450/3 | €7,101 | €21,975 | +€14,874 | +209% |
| Other amounts payable | 47/48 | €163,746 | €32,944 | -€130,802 | -79.9% |
| Operating income | 70/76A | €184,654 | €184,019 | -€635 | -0.3% |
| Turnover | 70 | €184,654 | €184,019 | -€635 | -0.3% |
| Operating charges | 60/66A | €94,028 | €94,345 | +€316 | +0.3% |
| Services and other goods | 61 | €7,859 | €6,412 | -€1,448 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,801 | €74,404 | +€1,603 | +2.2% |
| Other operating charges | 640/8 | €13,369 | €13,529 | +€160 | +1.2% |
| Operating profit (loss) | 9901 | €90,626 | €89,675 | -€951 | -1.0% |
| Financial income | 75/76B | €2,153,807 | €1,376,000 | -€777,807 | -36.1% |
| Recurring financial income | 75 | €2,153,807 | €1,376,000 | -€777,807 | -36.1% |
| Income from financial fixed assets | 750 | €2,153,807 | €1,376,000 | -€777,807 | -36.1% |
| Financial charges | 65/66B | €64,019 | €7,334 | -€56,685 | -88.5% |
| Recurring financial charges | 65 | €64,019 | €7,334 | -€56,685 | -88.5% |
| Debt charges | 650 | €63,615 | €5,883 | -€57,732 | -90.8% |
| Other financial charges | 652/9 | €405 | €1,451 | +€1,046 | +259% |
| Profit (loss) for the period before taxes | 9903 | €2,180,414 | €1,458,341 | -€722,073 | -33.1% |
| Income taxes | 67/77 | €7,101 | €22,124 | +€15,024 | +212% |
| Taxes | 670/3 | €7,101 | €22,124 | +€15,024 | +212% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €2,173,313 | €1,436,216 | -€737,097 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,173,313 | €1,436,216 | -€737,097 | -33.9% |
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 27 October 2026 via checked.be.