GVD-Tech: 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-Tech
Largest movements
- Tangible fixed assets +€397,982
up €397,982 (+96.6%), from €411,987 to €809,969
of which Land and buildings: +€279,330
- Receivables within one year +€60,191
up €60,191 (+15.2%), from €396,413 to €456,604
of which Other amounts receivable: +€46,363
- Debts after one year +€279,337
up €279,337 (+298.9%), from €93,449 to €372,785
- Short-term financial debts +€172,989
new in 2024: €172,989
- Reserves +€118,392
up €118,392 (+24.5%), from €482,903 to €601,294
of which Distributable reserves: +€118,392
- Tax, wage and social debts -€84,752
down €84,752 (-47.0%), from €180,263 to €95,511
of which Taxes: -€118,076
- Current portion of long-term debt -€70,641
no longer reported in 2024 (was €70,641)
- Gross operating margin +€421,847
up €421,847 (+94.9%), from €444,651 to €866,498
- Staff costs +€232,899
up €232,899 (+100.5%), from €231,809 to €464,708
- Depreciation +€62,326
up €62,326 (+84.1%), from €74,075 to €136,401
- Financial income -€44,794
down €44,794 (-87.1%), from €51,448 to €6,654
of which Non-recurring financial income: -€48,389
- Financial charges +€37,021
up €37,021 (+1702.9%), from €2,174 to €39,195
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €875,607 | €1,321,981 | +€446,374 | +51.0% |
| Fixed assets | 21/28 | €411,987 | €809,969 | +€397,982 | +96.6% |
| Tangible fixed assets | 22/27 | €411,987 | €809,969 | +€397,982 | +96.6% |
| Land and buildings | 22 | - | €279,330 | +€279,330 | |
| Plant, machinery and equipment | 23 | €184,296 | €190,947 | +€6,650 | +3.6% |
| Furniture and vehicles | 24 | €218,216 | €332,185 | +€113,969 | +52.2% |
| Other tangible fixed assets | 26 | €9,475 | €7,507 | -€1,968 | -20.8% |
| Current assets | 29/58 | €463,620 | €512,012 | +€48,391 | +10.4% |
| Amounts receivable within one year | 40/41 | €396,413 | €456,604 | +€60,191 | +15.2% |
| Trade receivables | 40 | €240,674 | €254,502 | +€13,828 | +5.7% |
| Other amounts receivable | 41 | €155,739 | €202,102 | +€46,363 | +29.8% |
| Cash at bank and in hand | 54/58 | €63,593 | €52,143 | -€11,450 | -18.0% |
| Deferred charges and accrued income | 490/1 | €3,614 | €3,265 | -€349 | -9.7% |
| Total equity and liabilities | 10/49 | €875,607 | €1,321,981 | +€446,374 | +51.0% |
| Equity | 10/15 | €517,058 | €613,694 | +€96,637 | +18.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €482,903 | €601,294 | +€118,392 | +24.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €481,043 | €599,434 | +€118,392 | +24.6% |
| Profit (loss) carried forward | 14 | €21,755 | - | -€21,755 | |
| Amounts payable | 17/49 | €358,550 | €708,287 | +€349,737 | +97.5% |
| Amounts payable after more than one year | 17 | €93,449 | €372,785 | +€279,337 | +298.9% |
| Financial debts | 170/4 | €93,449 | €372,785 | +€279,337 | +298.9% |
| Amounts payable within one year | 42/48 | €261,671 | €331,671 | +€70,001 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €70,641 | - | -€70,641 | |
| Financial debts | 43 | - | €172,989 | +€172,989 | |
| Credit institutions | 430/8 | - | €172,989 | +€172,989 | |
| Trade debts | 44 | €10,267 | €62,671 | +€52,404 | +510.4% |
| Suppliers | 440/4 | €10,267 | €62,671 | +€52,404 | +510.4% |
| Taxes, remuneration and social security | 45 | €180,263 | €95,511 | -€84,752 | -47.0% |
| Taxes | 450/3 | €179,870 | €61,793 | -€118,076 | -65.6% |
| Remuneration and social security | 454/9 | €393 | €33,718 | +€33,325 | +8474.4% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,430 | €3,830 | +€400 | +11.7% |
| Remuneration, social security and pensions | 62 | €231,809 | €464,708 | +€232,899 | +100.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,075 | €136,401 | +€62,326 | +84.1% |
| Other operating charges | 640/8 | €48,586 | €67,115 | +€18,529 | +38.1% |
| Gross operating margin | 9900 | €444,651 | €866,498 | +€421,847 | +94.9% |
| Operating profit (loss) | 9901 | €90,181 | €198,274 | +€108,093 | +119.9% |
| Financial income | 75/76B | €51,448 | €6,654 | -€44,794 | -87.1% |
| Recurring financial income | 75 | €2,729 | €6,323 | +€3,595 | +131.7% |
| Non-recurring financial income | 76B | €48,720 | €331 | -€48,389 | -99.3% |
| Financial charges | 65/66B | €2,174 | €39,195 | +€37,021 | +1702.9% |
| Recurring financial charges | 65 | €2,174 | €39,195 | +€37,021 | +1702.9% |
| Profit (loss) for the period before taxes | 9903 | €139,456 | €165,734 | +€26,278 | +18.8% |
| Income taxes | 67/77 | €39,655 | €69,097 | +€29,443 | +74.2% |
| Profit (loss) for the period | 9904 | €99,801 | €96,637 | -€3,164 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,801 | €96,637 | -€3,164 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.