GVB Services: 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 Services
Largest movements
- Receivables within one year +€11,914
up €11,914 (+180.6%), from €6,597 to €18,512
of which Trade receivables: +€10,201
- Tangible fixed assets -€10,067
down €10,067 (-26.5%), from €37,982 to €27,915
of which Plant, machinery and equipment: -€9,867
- Cash +€776
up €776 (+3.1%), from €24,967 to €25,743
mainly Depreciation (+€10,067) and Net result for the year (+€8,161)
- Reserves +€7,328
up €7,328 (+14.6%), from €50,320 to €57,648
- Tax, wage and social debts -€6,750
down €6,750 (-72.0%), from €9,373 to €2,623
- Other debts +€2,197
up €2,197 (+41.7%), from €5,268 to €7,465
- Gross operating margin -€3,587
down €3,587 (-13.9%), from €25,817 to €22,230
- Taxes -€1,116
down €1,116 (-26.9%), from €4,142 to €3,026
- Other operating charges +€402
up €402 (+340.4%), from €118 to €520
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 | €70,161 | €72,791 | +€2,630 | +3.7% |
| Fixed assets | 21/28 | €37,982 | €27,915 | -€10,067 | -26.5% |
| Tangible fixed assets | 22/27 | €37,982 | €27,915 | -€10,067 | -26.5% |
| Plant, machinery and equipment | 23 | €37,655 | €27,788 | -€9,867 | -26.2% |
| Furniture and vehicles | 24 | €327 | €127 | -€200 | -61.2% |
| Current assets | 29/58 | €32,179 | €44,877 | +€12,698 | +39.5% |
| Amounts receivable within one year | 40/41 | €6,597 | €18,512 | +€11,914 | +180.6% |
| Trade receivables | 40 | €6,595 | €16,795 | +€10,201 | +154.7% |
| Other amounts receivable | 41 | €3 | €1,717 | +€1,714 | +57311.4% |
| Cash at bank and in hand | 54/58 | €24,967 | €25,743 | +€776 | +3.1% |
| Deferred charges and accrued income | 490/1 | €615 | €622 | +€7 | +1.2% |
| Total equity and liabilities | 10/49 | €70,161 | €72,791 | +€2,630 | +3.7% |
| Equity | 10/15 | €55,320 | €62,648 | +€7,328 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,320 | €57,648 | +€7,328 | +14.6% |
| Distributable reserves | 133 | €50,320 | €57,648 | +€7,328 | +14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,841 | €10,144 | -€4,697 | -31.6% |
| Amounts payable within one year | 42/48 | €14,841 | €10,144 | -€4,697 | -31.6% |
| Trade debts | 44 | €200 | €56 | -€145 | -72.3% |
| Suppliers | 440/4 | €200 | €56 | -€145 | -72.3% |
| Taxes, remuneration and social security | 45 | €9,373 | €2,623 | -€6,750 | -72.0% |
| Taxes | 450/3 | €9,373 | €2,623 | -€6,750 | -72.0% |
| Other amounts payable | 47/48 | €5,268 | €7,465 | +€2,197 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,166 | €10,067 | -€99 | -1.0% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €25,817 | €22,230 | -€3,587 | -13.9% |
| Operating profit (loss) | 9901 | €15,532 | €11,643 | -€3,890 | -25.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €459 | €456 | -€3 | -0.6% |
| Recurring financial charges | 65 | €459 | €456 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €15,073 | €11,187 | -€3,887 | -25.8% |
| Income taxes | 67/77 | €4,142 | €3,026 | -€1,116 | -26.9% |
| Profit (loss) for the period | 9904 | €10,931 | €8,161 | -€2,771 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,931 | €8,161 | -€2,771 | -25.3% |
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 7 October 2026 via checked.be.