GVCOMPTA: 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.
GVCOMPTA
Largest movements
- Tangible fixed assets +€31,816
up €31,816 (+16.9%), from €188,649 to €220,464
of which Land and buildings: +€24,192
- Cash -€15,043
down €15,043 (-53.0%), from €28,376 to €13,333
mainly Investment in fixed assets (net) (-€45,145) and Net result for the year (-€35,729)
- Intangible fixed assets -€9,917
down €9,917 (-12.9%), from €76,887 to €66,971
- Receivables within one year +€5,828
up €5,828 (+52.4%), from €11,130 to €16,957
of which Trade receivables: +€7,214
- Debts after one year +€47,339
up €47,339 (+23.2%), from €203,644 to €250,983
- Profit (loss) carried forward -€35,729
down €35,729, from €13,012 to -€22,717
- Current portion of long-term debt +€10,400
up €10,400 (+147.8%), from €7,036 to €17,435
- Other debts -€9,203
down €9,203 (-14.6%), from €63,231 to €54,028
- Trade debts -€4,595
down €4,595 (-55.4%), from €8,301 to €3,706
- Financial charges +€39,564
up €39,564 (+1406.2%), from €2,814 to €42,378
- Gross operating margin -€7,070
down €7,070 (-18.7%), from €37,723 to €30,652
- Depreciation +€4,624
up €4,624 (+24.8%), from €18,622 to €23,246
- Taxes -€1,994
down €1,994 (-93.8%), from €2,126 to €132
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 | €307,074 | €319,045 | +€11,971 | +3.9% |
| Fixed assets | 21/28 | €265,637 | €287,536 | +€21,899 | +8.2% |
| Intangible fixed assets | 21 | €76,887 | €66,971 | -€9,917 | -12.9% |
| Tangible fixed assets | 22/27 | €188,649 | €220,464 | +€31,816 | +16.9% |
| Land and buildings | 22 | €188,649 | €212,840 | +€24,192 | +12.8% |
| Furniture and vehicles | 24 | - | €7,624 | +€7,624 | |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €41,437 | €31,509 | -€9,928 | -24.0% |
| Amounts receivable within one year | 40/41 | €11,130 | €16,957 | +€5,828 | +52.4% |
| Trade receivables | 40 | €9,740 | €16,954 | +€7,214 | +74.1% |
| Other amounts receivable | 41 | €1,390 | €3 | -€1,387 | -99.8% |
| Cash at bank and in hand | 54/58 | €28,376 | €13,333 | -€15,043 | -53.0% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,219 | -€713 | -36.9% |
| Total equity and liabilities | 10/49 | €307,074 | €319,045 | +€11,971 | +3.9% |
| Equity | 10/15 | €15,012 | -€20,717 | -€35,729 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,012 | -€22,717 | -€35,729 | |
| Amounts payable | 17/49 | €292,063 | €339,763 | +€47,700 | +16.3% |
| Amounts payable after more than one year | 17 | €203,644 | €250,983 | +€47,339 | +23.2% |
| Financial debts | 170/4 | €203,644 | €250,983 | +€47,339 | +23.2% |
| Amounts payable within one year | 42/48 | €88,419 | €88,608 | +€190 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €7,036 | €17,435 | +€10,400 | +147.8% |
| Trade debts | 44 | €8,301 | €3,706 | -€4,595 | -55.4% |
| Suppliers | 440/4 | €8,301 | €3,706 | -€4,595 | -55.4% |
| Taxes, remuneration and social security | 45 | €9,851 | €13,439 | +€3,588 | +36.4% |
| Taxes | 450/3 | €9,851 | €12,689 | +€2,838 | +28.8% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Other amounts payable | 47/48 | €63,231 | €54,028 | -€9,203 | -14.6% |
| Accrued charges and deferred income | 492/3 | - | €171 | +€171 | |
| Remuneration, social security and pensions | 62 | €201 | - | -€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,622 | €23,246 | +€4,624 | +24.8% |
| Other operating charges | 640/8 | €953 | €777 | -€176 | -18.5% |
| Gross operating margin | 9900 | €37,723 | €30,652 | -€7,070 | -18.7% |
| Operating profit (loss) | 9901 | €17,947 | €6,630 | -€11,318 | -63.1% |
| Financial income | 75/76B | €4 | €151 | +€148 | +4190.7% |
| Recurring financial income | 75 | €4 | €151 | +€148 | +4190.7% |
| Financial charges | 65/66B | €2,814 | €42,378 | +€39,564 | +1406.2% |
| Recurring financial charges | 65 | €2,814 | €42,378 | +€39,564 | +1406.2% |
| Profit (loss) for the period before taxes | 9903 | €15,137 | -€35,597 | -€50,734 | |
| Income taxes | 67/77 | €2,126 | €132 | -€1,994 | -93.8% |
| Profit (loss) for the period | 9904 | €13,012 | -€35,729 | -€48,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,012 | -€35,729 | -€48,741 |
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 1 October 2026 via checked.be.