GVDIS: 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.
What changed
GVDIS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.2m-€83,757
Equity
€1.3m
2024 · €1.3m+€31,010
Cash
€1.8m
2024 · €2.6m-€807,950
Balance sheet total
€4.5m
2024 · €4.3m+€271,145
Largest movements
Assets
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€807,950
down €807,950 (-31.2%), from €2.6m to €1.8m
mainly Contributions, distributions and other (-€1.1m) and Current investments (-€1.0m)
- Receivables within one year +€96,696
up €96,696 (+34.0%), from €284,762 to €381,458
of which Trade receivables: +€97,915
Equity and liabilities
- Trade debts +€283,145
up €283,145 (+20.4%), from €1.4m to €1.7m
of which Suppliers: +€283,181
- Accrued charges and deferred income -€81,885
down €81,885 (-57.0%), from €143,560 to €61,675
Income statement
- Staff costs +€125,030
up €125,030 (+8.7%), from €1.4m to €1.6m
- Gross operating margin +€61,612
up €61,612 (+1.9%), from €3.3m to €3.3m
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.
Result 2024
€1.2m
Gross operating margin
+€61,612
Staff costs
-€125,030
Depreciation
-€31,635
Other operating charges
-€814
Financial income
-€13,112
Financial charges
+€345
Taxes
+€24,877
Result 2025
€1.1m
Cash bridge derived
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.
From operations
+€1.5m
Investment
-€1.2m
Financing
-€1.1m
Cash 2024
€2.6m
From operations (derived)
+€1.5m
Net result for the year
+€1.1m
Depreciation
+€232,059
Stocks and contracts
-€9,046
Receivables within one year
-€96,696
Deferred charges and accrued income
-€6,804
Trade debts
+€283,145
Tax, wage and social debts
+€12,134
Other debts
+€26,741
Accrued charges and deferred income
-€81,885
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€198,608
Current investments
-€1.0m
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,257,393 | €4,528,538 | +€271,145 | +6.4% |
| Fixed assets | 21/28 | €805,823 | €772,372 | -€33,451 | -4.2% |
| Tangible fixed assets | 22/27 | €798,995 | €764,834 | -€34,161 | -4.3% |
| Plant, machinery and equipment | 23 | €734,456 | €721,977 | -€12,478 | -1.7% |
| Furniture and vehicles | 24 | €64,539 | €42,856 | -€21,683 | -33.6% |
| Financial fixed assets | 28 | €6,828 | €7,538 | +€710 | +10.4% |
| Current assets | 29/58 | €3,451,570 | €3,756,167 | +€304,597 | +8.8% |
| Stocks and contracts in progress | 3 | €540,987 | €550,033 | +€9,046 | +1.7% |
| Stocks | 30/36 | €540,987 | €550,033 | +€9,046 | +1.7% |
| Amounts receivable within one year | 40/41 | €284,762 | €381,458 | +€96,696 | +34.0% |
| Trade receivables | 40 | €240,832 | €338,747 | +€97,915 | +40.7% |
| Other amounts receivable | 41 | €43,930 | €42,711 | -€1,219 | -2.8% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €2,587,415 | €1,779,464 | -€807,950 | -31.2% |
| Deferred charges and accrued income | 490/1 | €38,407 | €45,211 | +€6,804 | +17.7% |
| Total equity and liabilities | 10/49 | €4,257,393 | €4,528,538 | +€271,145 | +6.4% |
| Equity | 10/15 | €1,278,016 | €1,309,026 | +€31,010 | +2.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,212,016 | €1,243,026 | +€31,010 | +2.6% |
| Amounts payable | 17/49 | €2,979,377 | €3,219,512 | +€240,135 | +8.1% |
| Amounts payable within one year | 42/48 | €2,835,818 | €3,157,837 | +€322,020 | +11.4% |
| Trade debts | 44 | €1,388,681 | €1,671,826 | +€283,145 | +20.4% |
| Suppliers | 440/4 | €1,388,203 | €1,671,384 | +€283,181 | +20.4% |
| Bills of exchange payable | 441 | €477 | €442 | -€36 | -7.5% |
| Taxes, remuneration and social security | 45 | €457,617 | €469,751 | +€12,134 | +2.7% |
| Taxes | 450/3 | €239,193 | €227,467 | -€11,727 | -4.9% |
| Remuneration and social security | 454/9 | €218,423 | €242,284 | +€23,860 | +10.9% |
| Other amounts payable | 47/48 | €989,520 | €1,016,261 | +€26,741 | +2.7% |
| Accrued charges and deferred income | 492/3 | €143,560 | €61,675 | -€81,885 | -57.0% |
| Remuneration, social security and pensions | 62 | €1,435,332 | €1,560,362 | +€125,030 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,424 | €232,059 | +€31,635 | +15.8% |
| Other operating charges | 640/8 | €5,257 | €6,071 | +€814 | +15.5% |
| Gross operating margin | 9900 | €3,272,954 | €3,334,566 | +€61,612 | +1.9% |
| Operating profit (loss) | 9901 | €1,631,941 | €1,536,075 | -€95,867 | -5.9% |
| Financial income | 75/76B | €33,521 | €20,409 | -€13,112 | -39.1% |
| Recurring financial income | 75 | €33,521 | €20,409 | -€13,112 | -39.1% |
| Financial charges | 65/66B | €38,716 | €38,371 | -€345 | -0.9% |
| Recurring financial charges | 65 | €38,716 | €38,371 | -€345 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €1,626,747 | €1,518,112 | -€108,634 | -6.7% |
| Income taxes | 67/77 | €411,979 | €387,102 | -€24,877 | -6.0% |
| Profit (loss) for the period | 9904 | €1,214,767 | €1,131,010 | -€83,757 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,214,767 | €1,131,010 | -€83,757 | -6.9% |
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 11 October 2026 via checked.be.