GVD Custom Tailoring: 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 Custom Tailoring
Largest movements
- Deferred charges and accrued income -€47,860
down €47,860 (-96.1%), from €49,828 to €1,968
- Tangible fixed assets +€38,161
up €38,161 (+647%), from €5,897 to €44,058
of which Furniture and vehicles: +€28,989
- Cash +€25,737
up €25,737 (+173%), from €14,841 to €40,577
mainly Deferred charges and accrued income (+€47,860) and Net result for the year (+€19,421)
- Receivables within one year +€7,091
up €7,091 (+233%), from €3,037 to €10,128
of which Other amounts receivable: +€7,719
- Formation expenses -€2,263
down €2,263 (-100%), from €2,263 to €0
- Reserves +€18,588
up €18,588 (+68.4%), from €27,195 to €45,783
- Other debts -€7,906
down €7,906 (-90.5%), from €8,739 to €833
- Tax, wage and social debts +€7,591
up €7,591 (+82.7%), from €9,185 to €16,776
of which Taxes: +€7,564
- Trade debts +€6,877
up €6,877 (+612%), from €1,124 to €8,002
- Debts after one year -€4,811
down €4,811 (-24.1%), from €20,002 to €15,191
- Depreciation -€24,227
down €24,227 (-66.2%), from €36,594 to €12,367
- Gross operating margin -€22,719
down €22,719 (-29.5%), from €77,083 to €54,364
- Staff costs +€11,034
up €11,034 (+421%), from €2,624 to €13,658
- Taxes -€3,489
down €3,489 (-36.3%), from €9,603 to €6,114
- Financial charges +€1,365
up €1,365 (+653%), from €209 to €1,574
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 | €75,866 | €96,732 | +€20,866 | +27.5% |
| Formation expenses | 20 | €2,263 | €0 | -€2,263 | -100% |
| Fixed assets | 21/28 | €5,897 | €44,058 | +€38,161 | +647% |
| Tangible fixed assets | 22/27 | €5,897 | €44,058 | +€38,161 | +647% |
| Plant, machinery and equipment | 23 | €5,897 | €11,497 | +€5,600 | +95.0% |
| Furniture and vehicles | 24 | - | €28,989 | +€28,989 | |
| Other tangible fixed assets | 26 | - | €3,572 | +€3,572 | |
| Current assets | 29/58 | €67,706 | €52,673 | -€15,032 | -22.2% |
| Amounts receivable within one year | 40/41 | €3,037 | €10,128 | +€7,091 | +233% |
| Trade receivables | 40 | €3,037 | €2,409 | -€628 | -20.7% |
| Other amounts receivable | 41 | - | €7,719 | +€7,719 | |
| Cash at bank and in hand | 54/58 | €14,841 | €40,577 | +€25,737 | +173% |
| Deferred charges and accrued income | 490/1 | €49,828 | €1,968 | -€47,860 | -96.1% |
| Total equity and liabilities | 10/49 | €75,866 | €96,732 | +€20,866 | +27.5% |
| Equity | 10/15 | €32,195 | €50,783 | +€18,588 | +57.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,195 | €45,783 | +€18,588 | +68.4% |
| Distributable reserves | 133 | €27,195 | €45,783 | +€18,588 | +68.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,671 | €45,949 | +€2,277 | +5.2% |
| Amounts payable after more than one year | 17 | €20,002 | €15,191 | -€4,811 | -24.1% |
| Financial debts | 170/4 | €20,002 | €15,191 | -€4,811 | -24.1% |
| Amounts payable within one year | 42/48 | €23,669 | €30,422 | +€6,753 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €4,621 | €4,811 | +€190 | +4.1% |
| Trade debts | 44 | €1,124 | €8,002 | +€6,877 | +612% |
| Suppliers | 440/4 | €1,124 | €8,002 | +€6,877 | +612% |
| Taxes, remuneration and social security | 45 | €9,185 | €16,776 | +€7,591 | +82.7% |
| Taxes | 450/3 | €8,251 | €15,815 | +€7,564 | +91.7% |
| Remuneration and social security | 454/9 | €933 | €961 | +€28 | +3.0% |
| Other amounts payable | 47/48 | €8,739 | €833 | -€7,906 | -90.5% |
| Accrued charges and deferred income | 492/3 | - | €335 | +€335 | |
| Remuneration, social security and pensions | 62 | €2,624 | €13,658 | +€11,034 | +421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,594 | €12,367 | -€24,227 | -66.2% |
| Other operating charges | 640/8 | - | €1,314 | +€1,314 | |
| Gross operating margin | 9900 | €77,083 | €54,364 | -€22,719 | -29.5% |
| Operating profit (loss) | 9901 | €37,866 | €27,026 | -€10,840 | -28.6% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €209 | €1,574 | +€1,365 | +653% |
| Recurring financial charges | 65 | €209 | €1,574 | +€1,365 | +653% |
| Profit (loss) for the period before taxes | 9903 | €37,656 | €25,535 | -€12,121 | -32.2% |
| Income taxes | 67/77 | €9,603 | €6,114 | -€3,489 | -36.3% |
| Profit (loss) for the period | 9904 | €28,054 | €19,421 | -€8,632 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,054 | €19,421 | -€8,632 | -30.8% |
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 15 October 2026 via checked.be.