GVC HOME: 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.
GVC HOME
Largest movements
- Tangible fixed assets -€7,431
down €7,431 (-14.9%), from €49,934 to €42,503
of which Plant, machinery and equipment: -€5,337
- Receivables within one year +€5,790
up €5,790 (+115%), from €5,016 to €10,806
of which Trade receivables: +€3,584
- Profit (loss) carried forward -€28,034
down €28,034, from €22,745 to -€5,289
- Other debts +€23,359
up €23,359 (+105%), from €22,318 to €45,677
- Trade debts +€1,356
up €1,356 (+114%), from €1,192 to €2,548
- Tax, wage and social debts +€1,313
up €1,313 (+177%), from €742 to €2,055
of which Remuneration and social security: +€2,055
- Accrued charges and deferred income +€867
new in 2025: €867
- Gross operating margin -€29,923
down €29,923, from €16,262 to -€13,661
- Taxes +€2,851
up €2,851 (+831%), from €343 to €3,194
- Financial charges +€1,329
up €1,329 (+205%), from €647 to €1,976
- Depreciation -€869
down €869 (-9.1%), from €9,539 to €8,670
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,497 | €63,358 | -€1,139 | -1.8% |
| Fixed assets | 21/28 | €50,158 | €42,503 | -€7,655 | -15.3% |
| Intangible fixed assets | 21 | €224 | - | -€224 | |
| Tangible fixed assets | 22/27 | €49,934 | €42,503 | -€7,431 | -14.9% |
| Land and buildings | 22 | €22,415 | €19,892 | -€2,523 | -11.3% |
| Plant, machinery and equipment | 23 | €26,833 | €21,496 | -€5,337 | -19.9% |
| Furniture and vehicles | 24 | €686 | €1,115 | +€429 | +62.5% |
| Current assets | 29/58 | €14,339 | €20,855 | +€6,516 | +45.4% |
| Stocks and contracts in progress | 3 | €6,300 | €6,300 | = | 0.0% |
| Stocks | 30/36 | €6,300 | €6,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,016 | €10,806 | +€5,790 | +115% |
| Trade receivables | 40 | €1,927 | €5,511 | +€3,584 | +186% |
| Other amounts receivable | 41 | €3,089 | €5,295 | +€2,206 | +71.4% |
| Cash at bank and in hand | 54/58 | €2,825 | €3,151 | +€326 | +11.5% |
| Deferred charges and accrued income | 490/1 | €198 | €598 | +€400 | +202% |
| Total equity and liabilities | 10/49 | €64,497 | €63,358 | -€1,139 | -1.8% |
| Equity | 10/15 | €40,245 | €12,211 | -€28,034 | -69.7% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,745 | -€5,289 | -€28,034 | |
| Amounts payable | 17/49 | €24,252 | €51,147 | +€26,895 | +111% |
| Amounts payable within one year | 42/48 | €24,252 | €50,280 | +€26,028 | +107% |
| Trade debts | 44 | €1,192 | €2,548 | +€1,356 | +114% |
| Suppliers | 440/4 | €1,192 | €2,548 | +€1,356 | +114% |
| Taxes, remuneration and social security | 45 | €742 | €2,055 | +€1,313 | +177% |
| Taxes | 450/3 | €742 | - | -€742 | |
| Remuneration and social security | 454/9 | - | €2,055 | +€2,055 | |
| Other amounts payable | 47/48 | €22,318 | €45,677 | +€23,359 | +105% |
| Accrued charges and deferred income | 492/3 | - | €867 | +€867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,539 | €8,670 | -€869 | -9.1% |
| Other operating charges | 640/8 | €815 | €685 | -€130 | -16.0% |
| Gross operating margin | 9900 | €16,262 | -€13,661 | -€29,923 | |
| Operating profit (loss) | 9901 | €5,908 | -€23,016 | -€28,924 | |
| Financial income | 75/76B | €77 | €152 | +€75 | +97.4% |
| Recurring financial income | 75 | €77 | €152 | +€75 | +97.4% |
| Financial charges | 65/66B | €647 | €1,976 | +€1,329 | +205% |
| Recurring financial charges | 65 | €647 | €1,976 | +€1,329 | +205% |
| Profit (loss) for the period before taxes | 9903 | €5,338 | -€24,840 | -€30,178 | |
| Income taxes | 67/77 | €343 | €3,194 | +€2,851 | +831% |
| Profit (loss) for the period | 9904 | €4,995 | -€28,034 | -€33,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,995 | -€28,034 | -€33,029 |
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.