GVéTés: what changed
Two fiscal 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.
GVéTés
Largest movements
- Receivables within one year +€940,761
up €940,761 (+144.6%), from €650,566 to €1.6m
of which Trade receivables: +€898,969
- Cash +€59,593
up €59,593 (+133.5%), from €44,650 to €104,243
mainly Trade debts (+€803,581) and Net result for the year (+€167,251)
- Intangible fixed assets +€26,255
new in 2024: €26,255
- Trade debts +€803,581
up €803,581 (+122.6%), from €655,396 to €1.5m
- Profit (loss) carried forward +€167,251
up €167,251 (+731.9%), from €22,851 to €190,102
- Tax, wage and social debts +€55,737
up €55,737 (+799.7%), from €6,970 to €62,706
- Gross operating margin +€204,150
up €204,150 (+735.2%), from €27,767 to €231,917
- Taxes +€55,737
up €55,737 (+799.7%), from €6,970 to €62,706
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €695,216 | €1,721,825 | +€1.0m | +147.7% |
| Fixed assets | 21/28 | - | €26,255 | +€26,255 | |
| Intangible fixed assets | 21 | - | €26,255 | +€26,255 | |
| Current assets | 29/58 | €695,216 | €1,695,570 | +€1.0m | +143.9% |
| Amounts receivable within one year | 40/41 | €650,566 | €1,591,327 | +€940,761 | +144.6% |
| Trade receivables | 40 | €637,739 | €1,536,708 | +€898,969 | +141.0% |
| Other amounts receivable | 41 | €12,828 | €54,619 | +€41,791 | +325.8% |
| Cash at bank and in hand | 54/58 | €44,650 | €104,243 | +€59,593 | +133.5% |
| Total equity and liabilities | 10/49 | €695,216 | €1,721,825 | +€1.0m | +147.7% |
| Equity | 10/15 | €32,851 | €200,102 | +€167,251 | +509.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,851 | €190,102 | +€167,251 | +731.9% |
| Amounts payable | 17/49 | €662,365 | €1,521,723 | +€859,358 | +129.7% |
| Amounts payable within one year | 42/48 | €662,365 | €1,521,723 | +€859,358 | +129.7% |
| Trade debts | 44 | €655,396 | €1,458,977 | +€803,581 | +122.6% |
| Suppliers | 440/4 | €655,396 | €1,458,977 | +€803,581 | +122.6% |
| Taxes, remuneration and social security | 45 | €6,970 | €62,706 | +€55,737 | +799.7% |
| Taxes | 450/3 | €6,970 | €62,706 | +€55,737 | +799.7% |
| Other amounts payable | 47/48 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,390 | +€1,390 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €27,767 | €231,917 | +€204,150 | +735.2% |
| Operating profit (loss) | 9901 | €27,383 | €230,140 | +€202,757 | +740.5% |
| Financial charges | 65/66B | €79 | €183 | +€103 | +129.9% |
| Recurring financial charges | 65 | €79 | €183 | +€103 | +129.9% |
| Profit (loss) for the period before taxes | 9903 | €27,303 | €229,957 | +€202,654 | +742.2% |
| Income taxes | 67/77 | €6,970 | €62,706 | +€55,737 | +799.7% |
| Profit (loss) for the period | 9904 | €20,334 | €167,251 | +€146,917 | +722.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,334 | €167,251 | +€146,917 | +722.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.