GVC TECHNICS: 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 TECHNICS
Largest movements
- Cash +€25,939
up €25,939 (+197%), from €13,172 to €39,111
mainly Net result for the year (+€27,521) and Receivables within one year (+€18,150)
- Receivables within one year -€18,150
down €18,150 (-100%), from €18,150 to €0
- Financial fixed assets +€15,000
new in 2025: €15,000
- Tangible fixed assets +€6,481
new in 2025: €6,481
- Reserves +€27,521
up €27,521 (+190%), from €14,470 to €41,992
- Tax, wage and social debts +€4,078
up €4,078 (+32.8%), from €12,421 to €16,499
- Other debts -€2,550
down €2,550 (-96.2%), from €2,650 to €100
- Gross operating margin +€18,436
up €18,436 (+78.1%), from €23,607 to €42,043
- Taxes +€4,216
up €4,216 (+54.3%), from €7,765 to €11,980
- Depreciation +€1,653
new in 2025: €1,653
- Other operating charges -€604
down €604 (-44.0%), from €1,371 to €767
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 | €31,514 | €61,013 | +€29,499 | +93.6% |
| Fixed assets | 21/28 | - | €21,481 | +€21,481 | |
| Tangible fixed assets | 22/27 | - | €6,481 | +€6,481 | |
| Furniture and vehicles | 24 | - | €6,481 | +€6,481 | |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €31,514 | €39,532 | +€8,018 | +25.4% |
| Amounts receivable within one year | 40/41 | €18,150 | €0 | -€18,150 | -100% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100% |
| Cash at bank and in hand | 54/58 | €13,172 | €39,111 | +€25,939 | +197% |
| Deferred charges and accrued income | 490/1 | €192 | €421 | +€229 | +119% |
| Total equity and liabilities | 10/49 | €31,514 | €61,013 | +€29,499 | +93.6% |
| Equity | 10/15 | €15,970 | €43,492 | +€27,521 | +172% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €14,470 | €41,992 | +€27,521 | +190% |
| Distributable reserves | 133 | €14,470 | €41,992 | +€27,521 | +190% |
| Amounts payable | 17/49 | €15,544 | €17,521 | +€1,977 | +12.7% |
| Amounts payable within one year | 42/48 | €15,544 | €17,521 | +€1,977 | +12.7% |
| Financial debts | 43 | €109 | €259 | +€150 | +137% |
| Credit institutions | 430/8 | €109 | €259 | +€150 | +137% |
| Trade debts | 44 | €364 | €663 | +€299 | +82.4% |
| Suppliers | 440/4 | €364 | €663 | +€299 | +82.4% |
| Taxes, remuneration and social security | 45 | €12,421 | €16,499 | +€4,078 | +32.8% |
| Taxes | 450/3 | €12,421 | €16,499 | +€4,078 | +32.8% |
| Other amounts payable | 47/48 | €2,650 | €100 | -€2,550 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,653 | +€1,653 | |
| Other operating charges | 640/8 | €1,371 | €767 | -€604 | -44.0% |
| Gross operating margin | 9900 | €23,607 | €42,043 | +€18,436 | +78.1% |
| Operating profit (loss) | 9901 | €22,236 | €39,623 | +€17,386 | +78.2% |
| Financial charges | 65/66B | €1 | €121 | +€120 | +9,565% |
| Recurring financial charges | 65 | €1 | €121 | +€120 | +9,565% |
| Profit (loss) for the period before taxes | 9903 | €22,235 | €39,502 | +€17,267 | +77.7% |
| Income taxes | 67/77 | €7,765 | €11,980 | +€4,216 | +54.3% |
| Profit (loss) for the period | 9904 | €14,470 | €27,521 | +€13,051 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,470 | €27,521 | +€13,051 | +90.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.