GVDB 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.
GVDB CONSULTING
Largest movements
- Cash +€34,483
up €34,483 (+188%), from €18,321 to €52,804
mainly Net result for the year (+€56,289) and Receivables within one year (+€9,948)
- Receivables within one year -€9,948
down €9,948 (-31.7%), from €31,413 to €21,465
of which Other amounts receivable: -€11,006
- Current investments +€9,000
new in 2025: €9,000
- Profit (loss) carried forward +€55,488
new in 2025: €55,488
- Reserves -€18,377
down €18,377 (-95.8%), from €19,178 to €801
- Other debts -€17,486
down €17,486 (-87.4%), from €20,000 to €2,514
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€6,186
up €6,186 (+187%), from €3,314 to €9,500
- Financial income +€3,238
up €3,238 (+684%), from €474 to €3,712
- Taxes +€1,453
up €1,453 (+10.7%), from €13,554 to €15,007
- Gross operating margin -€956
down €956 (-1.3%), from €73,850 to €72,893
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 | €58,242 | €92,089 | +€33,847 | +58.1% |
| Fixed assets | 21/28 | €2,853 | €2,722 | -€132 | -4.6% |
| Tangible fixed assets | 22/27 | €2,853 | €2,722 | -€132 | -4.6% |
| Plant, machinery and equipment | 23 | €2,853 | €2,722 | -€132 | -4.6% |
| Current assets | 29/58 | €55,389 | €89,367 | +€33,978 | +61.3% |
| Amounts receivable within one year | 40/41 | €31,413 | €21,465 | -€9,948 | -31.7% |
| Trade receivables | 40 | €19,916 | €20,974 | +€1,058 | +5.3% |
| Other amounts receivable | 41 | €11,497 | €491 | -€11,006 | -95.7% |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €18,321 | €52,804 | +€34,483 | +188% |
| Deferred charges and accrued income | 490/1 | €5,655 | €6,099 | +€444 | +7.8% |
| Total equity and liabilities | 10/49 | €58,242 | €92,089 | +€33,847 | +58.1% |
| Equity | 10/15 | €31,578 | €74,889 | +€43,311 | +137% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €19,178 | €801 | -€18,377 | -95.8% |
| Distributable reserves | 133 | €19,178 | €801 | -€18,377 | -95.8% |
| Profit (loss) carried forward | 14 | - | €55,488 | +€55,488 | |
| Amounts payable | 17/49 | €26,664 | €17,199 | -€9,464 | -35.5% |
| Amounts payable within one year | 42/48 | €25,112 | €15,818 | -€9,294 | -37.0% |
| Trade debts | 44 | €1,798 | €3,804 | +€2,006 | +112% |
| Suppliers | 440/4 | €1,798 | €3,804 | +€2,006 | +112% |
| Taxes, remuneration and social security | 45 | €3,314 | €9,500 | +€6,186 | +187% |
| Taxes | 450/3 | €3,314 | €9,500 | +€6,186 | +187% |
| Other amounts payable | 47/48 | €20,000 | €2,514 | -€17,486 | -87.4% |
| Accrued charges and deferred income | 492/3 | €1,552 | €1,382 | -€171 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €956 | +€422 | +79.0% |
| Other operating charges | 640/8 | €569 | €598 | +€29 | +5.0% |
| Gross operating margin | 9900 | €73,850 | €72,893 | -€956 | -1.3% |
| Operating profit (loss) | 9901 | €72,746 | €71,340 | -€1,406 | -1.9% |
| Financial income | 75/76B | €474 | €3,712 | +€3,238 | +684% |
| Recurring financial income | 75 | €474 | €3,712 | +€3,238 | +684% |
| Financial charges | 65/66B | €4,460 | €3,755 | -€705 | -15.8% |
| Recurring financial charges | 65 | €4,460 | €3,755 | -€705 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €68,760 | €71,297 | +€2,536 | +3.7% |
| Income taxes | 67/77 | €13,554 | €15,007 | +€1,453 | +10.7% |
| Profit (loss) for the period | 9904 | €55,206 | €56,289 | +€1,084 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,206 | €56,289 | +€1,084 | +2.0% |
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 30 October 2026 via checked.be.