GVE: 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.
GVE
Largest movements
- Tangible fixed assets +€43,760
up €43,760 (+9.9%), from €442,151 to €485,911
of which Furniture and vehicles: +€63,067
- Receivables within one year -€18,034
down €18,034 (-81.6%), from €22,102 to €4,068
of which Other amounts receivable: -€18,805
- Cash +€15,218
up €15,218 (+62.1%), from €24,515 to €39,732
mainly Depreciation (+€38,461) and Other debts (+€33,086)
- Other debts +€33,086
up €33,086 (+5.6%), from €585,863 to €618,948
- Profit (loss) carried forward +€10,995
up €10,995 (+10.3%), from -€106,871 to -€95,876
- Depreciation +€7,595
up €7,595 (+24.6%), from €30,866 to €38,461
- Financial charges -€4,447
down €4,447 (-96.6%), from €4,603 to €157
- Gross operating margin -€1,804
down €1,804 (-3.2%), from €57,019 to €55,216
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,296 | €636,566 | +€40,270 | +6.8% |
| Fixed assets | 21/28 | €442,151 | €485,911 | +€43,760 | +9.9% |
| Tangible fixed assets | 22/27 | €442,151 | €485,911 | +€43,760 | +9.9% |
| Land and buildings | 22 | €441,127 | €421,820 | -€19,307 | -4.4% |
| Furniture and vehicles | 24 | €1,024 | €64,091 | +€63,067 | +6159.1% |
| Current assets | 29/58 | €154,145 | €150,655 | -€3,490 | -2.3% |
| Stocks and contracts in progress | 3 | €103,887 | €104,000 | +€112 | +0.1% |
| Stocks | 30/36 | €103,887 | €104,000 | +€112 | +0.1% |
| Amounts receivable within one year | 40/41 | €22,102 | €4,068 | -€18,034 | -81.6% |
| Trade receivables | 40 | €2,267 | €3,038 | +€771 | +34.0% |
| Other amounts receivable | 41 | €19,836 | €1,030 | -€18,805 | -94.8% |
| Cash at bank and in hand | 54/58 | €24,515 | €39,732 | +€15,218 | +62.1% |
| Deferred charges and accrued income | 490/1 | €3,640 | €2,855 | -€785 | -21.6% |
| Total equity and liabilities | 10/49 | €596,296 | €636,566 | +€40,270 | +6.8% |
| Equity | 10/15 | €6,214 | €17,209 | +€10,995 | +176.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €51,085 | €51,085 | = | 0.0% |
| Distributable reserves | 133 | €51,085 | €51,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,871 | -€95,876 | +€10,995 | +10.3% |
| Amounts payable | 17/49 | €590,081 | €619,357 | +€29,275 | +5.0% |
| Amounts payable within one year | 42/48 | €586,081 | €619,357 | +€33,275 | +5.7% |
| Trade debts | 44 | €219 | €408 | +€190 | +86.7% |
| Suppliers | 440/4 | €219 | €408 | +€190 | +86.7% |
| Other amounts payable | 47/48 | €585,863 | €618,948 | +€33,086 | +5.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,866 | €38,461 | +€7,595 | +24.6% |
| Other operating charges | 640/8 | €5,290 | €5,603 | +€313 | +5.9% |
| Gross operating margin | 9900 | €57,019 | €55,216 | -€1,804 | -3.2% |
| Operating profit (loss) | 9901 | €20,864 | €11,151 | -€9,713 | -46.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €4,603 | €157 | -€4,447 | -96.6% |
| Recurring financial charges | 65 | €4,603 | €157 | -€4,447 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €16,261 | €10,995 | -€5,267 | -32.4% |
| Profit (loss) for the period | 9904 | €16,261 | €10,995 | -€5,267 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,261 | €10,995 | -€5,267 | -32.4% |
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 9 October 2026 via checked.be.