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 -€81,440
down €81,440 (-77.4%), from €105,154 to €23,714
mainly Other debts (-€94,916) and Receivables after one year (-€57,957)
- Receivables after one year +€57,957
up €57,957 (+2,837%), from €2,043 to €60,000
- Tangible fixed assets -€5,692
down €5,692 (-4.9%), from €116,893 to €111,202
of which Land and buildings: -€4,113
- Other debts -€94,916
down €94,916 (-78.7%), from €120,571 to €25,655
- Reserves +€57,196
up €57,196 (+299%), from €19,113 to €76,309
- Tax, wage and social debts +€13,003
up €13,003 (+132%), from €9,819 to €22,822
of which Taxes: +€13,003
- Debts after one year -€4,152
down €4,152 (-4.2%), from €98,482 to €94,330
- Gross operating margin +€46,319
up €46,319 (+61.5%), from €75,343 to €121,663
- Taxes +€10,692
up €10,692 (+83.9%), from €12,737 to €23,429
- Financial income +€1,708
up €1,708 (+1,437%), from €119 to €1,827
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 | €257,363 | €230,814 | -€26,549 | -10.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €116,893 | €111,202 | -€5,692 | -4.9% |
| Tangible fixed assets | 22/27 | €116,893 | €111,202 | -€5,692 | -4.9% |
| Land and buildings | 22 | €109,432 | €105,319 | -€4,113 | -3.8% |
| Plant, machinery and equipment | 23 | €1,438 | €958 | -€480 | -33.4% |
| Furniture and vehicles | 24 | €1,788 | €1,764 | -€24 | -1.4% |
| Other tangible fixed assets | 26 | €4,235 | €3,160 | -€1,074 | -25.4% |
| Current assets | 29/58 | €140,469 | €119,612 | -€20,857 | -14.8% |
| Amounts receivable after more than one year | 29 | €2,043 | €60,000 | +€57,957 | +2,837% |
| Other amounts receivable | 291 | €2,043 | €60,000 | +€57,957 | +2,837% |
| Amounts receivable within one year | 40/41 | €32,642 | €33,596 | +€954 | +2.9% |
| Trade receivables | 40 | €20,364 | €22,443 | +€2,079 | +10.2% |
| Other amounts receivable | 41 | €12,278 | €11,153 | -€1,125 | -9.2% |
| Cash at bank and in hand | 54/58 | €105,154 | €23,714 | -€81,440 | -77.4% |
| Deferred charges and accrued income | 490/1 | €630 | €2,302 | +€1,672 | +265% |
| Total equity and liabilities | 10/49 | €257,363 | €230,814 | -€26,549 | -10.3% |
| Equity | 10/15 | €24,113 | €81,309 | +€57,196 | +237% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,113 | €76,309 | +€57,196 | +299% |
| Distributable reserves | 133 | €19,113 | €76,309 | +€57,196 | +299% |
| Amounts payable | 17/49 | €233,250 | €149,505 | -€83,745 | -35.9% |
| Amounts payable after more than one year | 17 | €98,482 | €94,330 | -€4,152 | -4.2% |
| Financial debts | 170/4 | €98,482 | €94,330 | -€4,152 | -4.2% |
| Amounts payable within one year | 42/48 | €134,621 | €55,175 | -€79,446 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €3,991 | €4,152 | +€160 | +4.0% |
| Trade debts | 44 | €240 | €2,547 | +€2,306 | +959% |
| Suppliers | 440/4 | €240 | €2,547 | +€2,306 | +959% |
| Taxes, remuneration and social security | 45 | €9,819 | €22,822 | +€13,003 | +132% |
| Taxes | 450/3 | €9,819 | €22,822 | +€13,003 | +132% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €120,571 | €25,655 | -€94,916 | -78.7% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100% |
| Remuneration, social security and pensions | 62 | €2,894 | €2,582 | -€313 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,486 | €7,126 | +€640 | +9.9% |
| Other operating charges | 640/8 | €646 | €684 | +€38 | +5.8% |
| Gross operating margin | 9900 | €75,343 | €121,663 | +€46,319 | +61.5% |
| Operating profit (loss) | 9901 | €65,317 | €111,271 | +€45,954 | +70.4% |
| Financial income | 75/76B | €119 | €1,827 | +€1,708 | +1,437% |
| Recurring financial income | 75 | €119 | €1,827 | +€1,708 | +1,437% |
| Financial charges | 65/66B | €7,622 | €7,473 | -€149 | -2.0% |
| Recurring financial charges | 65 | €7,622 | €7,473 | -€149 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €57,814 | €105,625 | +€47,811 | +82.7% |
| Income taxes | 67/77 | €12,737 | €23,429 | +€10,692 | +83.9% |
| Profit (loss) for the period | 9904 | €45,077 | €82,196 | +€37,119 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,077 | €82,196 | +€37,119 | +82.3% |
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 21 October 2026 via checked.be.