GVdV 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.
GVdV Consult
Largest movements
- Tangible fixed assets +€64,762
up €64,762 (+5,583%), from €1,160 to €65,922
of which Other tangible fixed assets: +€38,541
- Cash -€26,686
down €26,686 (-46.7%), from €57,147 to €30,461
mainly Investment in fixed assets (net) (-€71,986) and Receivables within one year (-€7,175)
- Receivables within one year +€7,175
up €7,175 (+15.8%), from €45,514 to €52,688
of which Trade receivables: +€4,732
- Debts after one year +€18,853
new in 2025: €18,853
- Tax, wage and social debts +€10,266
up €10,266 (+124,441%), from €8 to €10,275
- Profit (loss) carried forward +€10,194
up €10,194 (+26.6%), from -€38,360 to -€28,166
- Current portion of long-term debt +€5,269
new in 2025: €5,269
- Gross operating margin -€16,036
down €16,036 (-37.7%), from €42,541 to €26,505
- Taxes +€7,687
up €7,687, from €0 to €7,687
- Depreciation +€6,732
up €6,732 (+1,368%), from €492 to €7,224
- Write-downs -€1,426
down €1,426, from €713 to -€713
- Financial charges +€909
up €909 (+737%), from €123 to €1,032
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 | €105,455 | €149,526 | +€44,071 | +41.8% |
| Fixed assets | 21/28 | €1,160 | €65,922 | +€64,762 | +5,583% |
| Tangible fixed assets | 22/27 | €1,160 | €65,922 | +€64,762 | +5,583% |
| Furniture and vehicles | 24 | - | €26,221 | +€26,221 | |
| Other tangible fixed assets | 26 | €1,160 | €39,701 | +€38,541 | +3,322% |
| Current assets | 29/58 | €104,295 | €83,604 | -€20,691 | -19.8% |
| Amounts receivable within one year | 40/41 | €45,514 | €52,688 | +€7,175 | +15.8% |
| Trade receivables | 40 | €823 | €5,556 | +€4,732 | +575% |
| Other amounts receivable | 41 | €44,690 | €47,133 | +€2,442 | +5.5% |
| Cash at bank and in hand | 54/58 | €57,147 | €30,461 | -€26,686 | -46.7% |
| Deferred charges and accrued income | 490/1 | €1,635 | €455 | -€1,180 | -72.2% |
| Total equity and liabilities | 10/49 | €105,455 | €149,526 | +€44,071 | +41.8% |
| Equity | 10/15 | €104,879 | €115,074 | +€10,194 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,039 | €137,039 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €247 | €247 | = | 0.0% |
| Distributable reserves | 133 | €134,937 | €134,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,360 | -€28,166 | +€10,194 | +26.6% |
| Amounts payable | 17/49 | €576 | €34,453 | +€33,877 | +5,885% |
| Amounts payable after more than one year | 17 | - | €18,853 | +€18,853 | |
| Financial debts | 170/4 | - | €18,853 | +€18,853 | |
| Amounts payable within one year | 42/48 | €188 | €15,600 | +€15,411 | +8,185% |
| Current portion of amounts payable after more than one year | 42 | - | €5,269 | +€5,269 | |
| Trade debts | 44 | €180 | €56 | -€124 | -68.9% |
| Suppliers | 440/4 | €180 | €56 | -€124 | -68.9% |
| Taxes, remuneration and social security | 45 | €8 | €10,275 | +€10,266 | +124,441% |
| Taxes | 450/3 | €8 | €10,275 | +€10,266 | +124,441% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €7,224 | +€6,732 | +1,368% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €713 | -€713 | -€1,426 | |
| Other operating charges | 640/8 | €788 | €1,081 | +€293 | +37.1% |
| Non-recurring operating charges | 66A | €3,316 | €0 | -€3,316 | -100% |
| Gross operating margin | 9900 | €42,541 | €26,505 | -€16,036 | -37.7% |
| Operating profit (loss) | 9901 | €37,233 | €18,913 | -€18,320 | -49.2% |
| Financial income | 75/76B | €38 | €0 | -€38 | -100% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -100% |
| Financial charges | 65/66B | €123 | €1,032 | +€909 | +737% |
| Recurring financial charges | 65 | €123 | €1,032 | +€909 | +737% |
| Profit (loss) for the period before taxes | 9903 | €37,147 | €17,881 | -€19,266 | -51.9% |
| Income taxes | 67/77 | €0 | €7,687 | +€7,687 | |
| Profit (loss) for the period | 9904 | €37,147 | €10,194 | -€26,953 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,147 | €10,194 | -€26,953 | -72.6% |
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 20 October 2026 via checked.be.