GVDE GESTION: 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.
GVDE GESTION
Largest movements
- Financial fixed assets +€227,133
new in 2025: €227,133
- Cash -€178,761
down €178,761 (-95.8%), from €186,534 to €7,773
mainly Investment in fixed assets (net) (-€227,133) and Tax, wage and social debts (-€64,856)
- Receivables within one year -€31,064
down €31,064 (-22.6%), from €137,293 to €106,229
of which Trade receivables: -€51,869
- Reserves +€82,100
up €82,100 (+34.0%), from €241,341 to €323,441
- Tax, wage and social debts -€64,856
down €64,856 (-80.0%), from €81,087 to €16,230
- Gross operating margin -€106,924
down €106,924 (-62.7%), from €170,489 to €63,565
- Financial income +€74,840
up €74,840 (+2,917%), from €2,565 to €77,405
- Financial charges +€26,850
up €26,850 (+17,500%), from €153 to €27,003
- Taxes -€19,841
down €19,841 (-38.7%), from €51,251 to €31,410
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 | €323,827 | €341,135 | +€17,308 | +5.3% |
| Fixed assets | 21/28 | - | €227,133 | +€227,133 | |
| Financial fixed assets | 28 | - | €227,133 | +€227,133 | |
| Current assets | 29/58 | €323,827 | €114,002 | -€209,825 | -64.8% |
| Amounts receivable within one year | 40/41 | €137,293 | €106,229 | -€31,064 | -22.6% |
| Trade receivables | 40 | €137,293 | €85,424 | -€51,869 | -37.8% |
| Other amounts receivable | 41 | - | €20,805 | +€20,805 | |
| Cash at bank and in hand | 54/58 | €186,534 | €7,773 | -€178,761 | -95.8% |
| Total equity and liabilities | 10/49 | €323,827 | €341,135 | +€17,308 | +5.3% |
| Equity | 10/15 | €242,345 | €324,510 | +€82,164 | +33.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €241,341 | €323,441 | +€82,100 | +34.0% |
| Distributable reserves | 133 | €241,341 | €323,441 | +€82,100 | +34.0% |
| Profit (loss) carried forward | 14 | €4 | €68 | +€64 | +1,629% |
| Amounts payable | 17/49 | €81,481 | €16,625 | -€64,856 | -79.6% |
| Amounts payable within one year | 42/48 | €81,481 | €16,625 | -€64,856 | -79.6% |
| Taxes, remuneration and social security | 45 | €81,087 | €16,230 | -€64,856 | -80.0% |
| Taxes | 450/3 | €81,087 | €16,230 | -€64,856 | -80.0% |
| Other amounts payable | 47/48 | €395 | €395 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €393 | +€9 | +2.3% |
| Gross operating margin | 9900 | €170,489 | €63,565 | -€106,924 | -62.7% |
| Operating profit (loss) | 9901 | €170,104 | €63,172 | -€106,933 | -62.9% |
| Financial income | 75/76B | €2,565 | €77,405 | +€74,840 | +2,917% |
| Recurring financial income | 75 | €2,565 | €77,405 | +€74,840 | +2,917% |
| Financial charges | 65/66B | €153 | €27,003 | +€26,850 | +17,500% |
| Recurring financial charges | 65 | €153 | €27,003 | +€26,850 | +17,500% |
| Profit (loss) for the period before taxes | 9903 | €172,516 | €113,574 | -€58,942 | -34.2% |
| Income taxes | 67/77 | €51,251 | €31,410 | -€19,841 | -38.7% |
| Profit (loss) for the period | 9904 | €121,265 | €82,164 | -€39,101 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,265 | €82,164 | -€39,101 | -32.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.