GVDB Technics: what changed
GVDB Technics
Largest movements
- Cash +€60,485
up €60,485 (+42.4%), from €142,603 to €203,088
mainly Net result for the year (+€42,084) and Depreciation (+€22,025)
- Tangible fixed assets -€12,485
down €12,485 (-27.7%), from €45,103 to €32,618
of which Furniture and vehicles: -€18,010
- Stocks and contracts +€10,137
up €10,137 (+138%), from €7,328 to €17,465
- Receivables within one year -€7,780
down €7,780 (-19.3%), from €40,228 to €32,448
of which Other amounts receivable: -€4,215
- Profit (loss) carried forward +€42,084
up €42,084 (+33.1%), from €127,260 to €169,344
- Other debts +€19,581
up €19,581 (+28.8%), from €67,943 to €87,523
- Debts after one year -€7,222
down €7,222 (-37.3%), from €19,362 to €12,140
- Gross operating margin +€33,544
up €33,544 (+41.1%), from €81,561 to €115,105
- Taxes +€6,568
up €6,568 (+118%), from €5,551 to €12,119
- Staff costs +€3,273
up €3,273 (+10.1%), from €32,450 to €35,723
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,693 | €290,437 | +€50,744 | +21.2% |
| Fixed assets | 21/28 | €45,553 | €33,068 | -€12,485 | -27.4% |
| Tangible fixed assets | 22/27 | €45,103 | €32,618 | -€12,485 | -27.7% |
| Plant, machinery and equipment | 23 | €4,943 | €10,468 | +€5,525 | +112% |
| Furniture and vehicles | 24 | €40,160 | €22,149 | -€18,010 | -44.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €194,140 | €257,370 | +€63,229 | +32.6% |
| Stocks and contracts in progress | 3 | €7,328 | €17,465 | +€10,137 | +138% |
| Stocks | 30/36 | €7,328 | €17,465 | +€10,137 | +138% |
| Amounts receivable within one year | 40/41 | €40,228 | €32,448 | -€7,780 | -19.3% |
| Trade receivables | 40 | €23,139 | €19,575 | -€3,564 | -15.4% |
| Other amounts receivable | 41 | €17,088 | €12,873 | -€4,215 | -24.7% |
| Cash at bank and in hand | 54/58 | €142,603 | €203,088 | +€60,485 | +42.4% |
| Deferred charges and accrued income | 490/1 | €3,982 | €4,369 | +€387 | +9.7% |
| Total equity and liabilities | 10/49 | €239,693 | €290,437 | +€50,744 | +21.2% |
| Equity | 10/15 | €130,260 | €172,344 | +€42,084 | +32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,260 | €169,344 | +€42,084 | +33.1% |
| Amounts payable | 17/49 | €109,433 | €118,093 | +€8,660 | +7.9% |
| Amounts payable after more than one year | 17 | €19,362 | €12,140 | -€7,222 | -37.3% |
| Financial debts | 170/4 | €19,362 | €12,140 | -€7,222 | -37.3% |
| Amounts payable within one year | 42/48 | €90,071 | €105,953 | +€15,882 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €6,896 | €7,222 | +€326 | +4.7% |
| Trade debts | 44 | €7,806 | €5,676 | -€2,129 | -27.3% |
| Suppliers | 440/4 | €7,806 | €5,676 | -€2,129 | -27.3% |
| Taxes, remuneration and social security | 45 | €7,427 | €5,531 | -€1,896 | -25.5% |
| Taxes | 450/3 | €2,545 | €4,700 | +€2,155 | +84.7% |
| Remuneration and social security | 454/9 | €4,882 | €831 | -€4,051 | -83.0% |
| Other amounts payable | 47/48 | €67,943 | €87,523 | +€19,581 | +28.8% |
| Remuneration, social security and pensions | 62 | €32,450 | €35,723 | +€3,273 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,385 | €22,025 | -€360 | -1.6% |
| Other operating charges | 640/8 | €1,389 | €2,176 | +€787 | +56.6% |
| Gross operating margin | 9900 | €81,561 | €115,105 | +€33,544 | +41.1% |
| Operating profit (loss) | 9901 | €25,337 | €55,181 | +€29,844 | +118% |
| Financial income | 75/76B | €62 | €383 | +€321 | +516% |
| Recurring financial income | 75 | €62 | €383 | +€321 | +516% |
| Financial charges | 65/66B | €1,740 | €1,361 | -€379 | -21.8% |
| Recurring financial charges | 65 | €1,740 | €1,361 | -€379 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €23,659 | €54,203 | +€30,544 | +129% |
| Income taxes | 67/77 | €5,551 | €12,119 | +€6,568 | +118% |
| Profit (loss) for the period | 9904 | €18,108 | €42,084 | +€23,976 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €18,108 | €42,084 | +€23,976 | +132% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.