GVD Consulting: 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.
GVD Consulting
Largest movements
- Cash +€37,963
up €37,963 (+46.0%), from €82,468 to €120,431
mainly Net result for the year (+€80,652) and Current investments (+€16,000)
- Current investments -€16,000
down €16,000 (-33.3%), from €48,000 to €32,000
- Tangible fixed assets -€8,262
down €8,262 (-46.8%), from €17,666 to €9,404
- Receivables within one year -€2,987
down €2,987 (-11.9%), from €25,123 to €22,136
of which Other amounts receivable: -€4,890
- Profit (loss) carried forward +€80,652
up €80,652 (+1,250%), from €6,452 to €87,104
- Other debts -€72,500
no longer reported in 2025 (was €72,500)
- Tax, wage and social debts +€1,977
up €1,977 (+21.0%), from €9,423 to €11,400
- Gross operating margin +€14,610
up €14,610 (+14.5%), from €100,868 to €115,478
- Turnover +€9,282
up €9,282 (+5.1%), from €182,452 to €191,734
- Purchases and services -€5,581
down €5,581 (-6.8%), from €82,425 to €76,844
- Taxes +€3,283
up €3,283 (+17.4%), from €18,904 to €22,187
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 | €174,357 | €185,106 | +€10,749 | +6.2% |
| Fixed assets | 21/28 | €17,666 | €9,404 | -€8,262 | -46.8% |
| Tangible fixed assets | 22/27 | €17,666 | €9,404 | -€8,262 | -46.8% |
| Furniture and vehicles | 24 | €17,666 | €9,404 | -€8,262 | -46.8% |
| Current assets | 29/58 | €156,691 | €175,702 | +€19,011 | +12.1% |
| Amounts receivable within one year | 40/41 | €25,123 | €22,136 | -€2,987 | -11.9% |
| Trade receivables | 40 | €18,627 | €20,530 | +€1,903 | +10.2% |
| Other amounts receivable | 41 | €6,496 | €1,606 | -€4,890 | -75.3% |
| Current investments | 50/53 | €48,000 | €32,000 | -€16,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €82,468 | €120,431 | +€37,963 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,135 | +€35 | +3.2% |
| Total equity and liabilities | 10/49 | €174,357 | €185,106 | +€10,749 | +6.2% |
| Equity | 10/15 | €90,813 | €171,465 | +€80,652 | +88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €83,361 | €83,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €83,261 | €83,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,452 | €87,104 | +€80,652 | +1,250% |
| Amounts payable | 17/49 | €83,544 | €13,641 | -€69,903 | -83.7% |
| Amounts payable within one year | 42/48 | €83,544 | €13,641 | -€69,903 | -83.7% |
| Trade debts | 44 | €1,621 | €2,241 | +€620 | +38.2% |
| Suppliers | 440/4 | €1,621 | €2,241 | +€620 | +38.2% |
| Taxes, remuneration and social security | 45 | €9,423 | €11,400 | +€1,977 | +21.0% |
| Taxes | 450/3 | €9,423 | €11,400 | +€1,977 | +21.0% |
| Other amounts payable | 47/48 | €72,500 | - | -€72,500 | |
| Turnover | 70 | €182,452 | €191,734 | +€9,282 | +5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,425 | €76,844 | -€5,581 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,315 | €11,177 | +€862 | +8.4% |
| Other operating charges | 640/8 | €1,755 | €2,237 | +€482 | +27.5% |
| Gross operating margin | 9900 | €100,868 | €115,478 | +€14,610 | +14.5% |
| Operating profit (loss) | 9901 | €88,798 | €102,064 | +€13,266 | +14.9% |
| Financial income | 75/76B | €1,344 | €1,008 | -€336 | -25.0% |
| Recurring financial income | 75 | €1,344 | €1,008 | -€336 | -25.0% |
| Financial charges | 65/66B | €228 | €233 | +€5 | +2.2% |
| Recurring financial charges | 65 | €228 | €233 | +€5 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €89,914 | €102,839 | +€12,925 | +14.4% |
| Income taxes | 67/77 | €18,904 | €22,187 | +€3,283 | +17.4% |
| Profit (loss) for the period | 9904 | €71,010 | €80,652 | +€9,642 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,010 | €80,652 | +€9,642 | +13.6% |
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 19 October 2026 via checked.be.