GVdD Consult: 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.
GVdD Consult
Largest movements
- Receivables within one year -€18,206
down €18,206 (-91.1%), from €19,989 to €1,783
of which Trade receivables: -€18,048
- Tangible fixed assets -€8,996
down €8,996 (-24.5%), from €36,708 to €27,712
- Deferred charges and accrued income -€5,671
down €5,671 (-31.5%), from €18,000 to €12,329
- Cash -€915
down €915 (-69.5%), from €1,316 to €401
mainly Net result for the year (-€15,190) and Tax, wage and social debts (-€10,109)
- Reserves -€15,000
down €15,000 (-65.2%), from €23,000 to €8,000
- Tax, wage and social debts -€10,109
down €10,109 (-85.5%), from €11,821 to €1,712
of which Taxes: -€7,419
- Debts after one year -€8,126
down €8,126 (-30.8%), from €26,408 to €18,281
- Trade debts -€1,424
down €1,424 (-32.8%), from €4,346 to €2,922
- Gross operating margin -€44,891
down €44,891, from €41,091 to -€3,800
- Taxes -€7,941
down €7,941 (-100%), from €7,941 to €0
- Depreciation +€724
up €724 (+8.7%), from €8,272 to €8,996
- Other operating charges +€581
up €581 (+221%), from €263 to €844
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 | €76,013 | €42,225 | -€33,788 | -44.5% |
| Fixed assets | 21/28 | €36,708 | €27,712 | -€8,996 | -24.5% |
| Tangible fixed assets | 22/27 | €36,708 | €27,712 | -€8,996 | -24.5% |
| Furniture and vehicles | 24 | €36,708 | €27,712 | -€8,996 | -24.5% |
| Current assets | 29/58 | €39,305 | €14,513 | -€24,792 | -63.1% |
| Amounts receivable within one year | 40/41 | €19,989 | €1,783 | -€18,206 | -91.1% |
| Trade receivables | 40 | €19,831 | €1,783 | -€18,048 | -91.0% |
| Other amounts receivable | 41 | €158 | €0 | -€158 | -100% |
| Cash at bank and in hand | 54/58 | €1,316 | €401 | -€915 | -69.5% |
| Deferred charges and accrued income | 490/1 | €18,000 | €12,329 | -€5,671 | -31.5% |
| Total equity and liabilities | 10/49 | €76,013 | €42,225 | -€33,788 | -44.5% |
| Equity | 10/15 | €25,706 | €10,516 | -€15,190 | -59.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,000 | €8,000 | -€15,000 | -65.2% |
| Distributable reserves | 133 | €23,000 | €8,000 | -€15,000 | -65.2% |
| Profit (loss) carried forward | 14 | €206 | €16 | -€190 | -92.3% |
| Amounts payable | 17/49 | €50,307 | €31,710 | -€18,598 | -37.0% |
| Amounts payable after more than one year | 17 | €26,408 | €18,281 | -€8,126 | -30.8% |
| Financial debts | 170/4 | €26,408 | €18,281 | -€8,126 | -30.8% |
| Amounts payable within one year | 42/48 | €23,900 | €13,428 | -€10,472 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €7,733 | €8,126 | +€393 | +5.1% |
| Trade debts | 44 | €4,346 | €2,922 | -€1,424 | -32.8% |
| Suppliers | 440/4 | €4,346 | €2,922 | -€1,424 | -32.8% |
| Taxes, remuneration and social security | 45 | €11,821 | €1,712 | -€10,109 | -85.5% |
| Taxes | 450/3 | €9,131 | €1,712 | -€7,419 | -81.3% |
| Remuneration and social security | 454/9 | €2,690 | €0 | -€2,690 | -100% |
| Other amounts payable | 47/48 | - | €668 | +€668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,272 | €8,996 | +€724 | +8.7% |
| Other operating charges | 640/8 | €263 | €844 | +€581 | +221% |
| Gross operating margin | 9900 | €41,091 | -€3,800 | -€44,891 | |
| Operating profit (loss) | 9901 | €32,556 | -€13,640 | -€46,196 | |
| Financial income | 75/76B | €259 | €2 | -€257 | -99.3% |
| Recurring financial income | 75 | €259 | €2 | -€257 | -99.3% |
| Financial charges | 65/66B | €1,667 | €1,552 | -€116 | -6.9% |
| Recurring financial charges | 65 | €1,667 | €1,552 | -€116 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €31,147 | -€15,190 | -€46,337 | |
| Income taxes | 67/77 | €7,941 | €0 | -€7,941 | -100% |
| Profit (loss) for the period | 9904 | €23,206 | -€15,190 | -€38,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,206 | -€15,190 | -€38,396 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.