GVF TECHNICS: 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.
GVF TECHNICS
Largest movements
- Tangible fixed assets -€11,070
down €11,070 (-30.2%), from €36,681 to €25,611
of which Furniture and vehicles: -€10,840
- Receivables within one year +€11,034
up €11,034 (+194.1%), from €5,684 to €16,718
of which Trade receivables: +€13,671
- Deferred charges and accrued income -€1,854
down €1,854 (-76.4%), from €2,426 to €572
- Cash +€1,150
up €1,150 (+20.1%), from €5,716 to €6,865
mainly Depreciation (+€11,070) and Trade debts (+€8,776)
- Debts after one year -€11,102
down €11,102 (-41.8%), from €26,575 to €15,473
- Trade debts +€8,776
up €8,776 (+119.4%), from €7,352 to €16,128
- Profit (loss) carried forward -€3,476
down €3,476 (-28.6%), from -€12,176 to -€15,652
- Other debts +€2,054
up €2,054 (+21.8%), from €9,401 to €11,454
- Accrued charges and deferred income +€1,712
up €1,712 (+126.1%), from €1,358 to €3,070
- Gross operating margin +€12,672
up €12,672 (+900.3%), from €1,408 to €14,080
- Other operating charges +€4,154
up €4,154 (+549.8%), from €756 to €4,910
- Financial charges -€380
down €380 (-21.0%), from €1,812 to €1,432
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 | €50,506 | €49,766 | -€741 | -1.5% |
| Fixed assets | 21/28 | €36,681 | €25,611 | -€11,070 | -30.2% |
| Tangible fixed assets | 22/27 | €36,681 | €25,611 | -€11,070 | -30.2% |
| Plant, machinery and equipment | 23 | €745 | €516 | -€230 | -30.8% |
| Furniture and vehicles | 24 | €35,935 | €25,095 | -€10,840 | -30.2% |
| Current assets | 29/58 | €13,825 | €24,155 | +€10,329 | +74.7% |
| Amounts receivable within one year | 40/41 | €5,684 | €16,718 | +€11,034 | +194.1% |
| Trade receivables | 40 | €1,000 | €14,671 | +€13,671 | +1367.1% |
| Other amounts receivable | 41 | €4,684 | €2,047 | -€2,637 | -56.3% |
| Cash at bank and in hand | 54/58 | €5,716 | €6,865 | +€1,150 | +20.1% |
| Deferred charges and accrued income | 490/1 | €2,426 | €572 | -€1,854 | -76.4% |
| Total equity and liabilities | 10/49 | €50,506 | €49,766 | -€741 | -1.5% |
| Equity | 10/15 | -€6,447 | -€9,924 | -€3,476 | -53.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,228 | €3,228 | = | 0.0% |
| Distributable reserves | 133 | €3,228 | €3,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,176 | -€15,652 | -€3,476 | -28.6% |
| Amounts payable | 17/49 | €56,954 | €59,689 | +€2,736 | +4.8% |
| Amounts payable after more than one year | 17 | €26,575 | €15,473 | -€11,102 | -41.8% |
| Financial debts | 170/4 | €26,575 | €15,473 | -€11,102 | -41.8% |
| Amounts payable within one year | 42/48 | €29,021 | €41,146 | +€12,125 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €10,688 | €11,102 | +€413 | +3.9% |
| Trade debts | 44 | €7,352 | €16,128 | +€8,776 | +119.4% |
| Suppliers | 440/4 | €7,352 | €16,128 | +€8,776 | +119.4% |
| Taxes, remuneration and social security | 45 | €1,579 | €2,462 | +€883 | +55.9% |
| Taxes | 450/3 | €623 | €895 | +€272 | +43.7% |
| Remuneration and social security | 454/9 | €957 | €1,567 | +€611 | +63.8% |
| Other amounts payable | 47/48 | €9,401 | €11,454 | +€2,054 | +21.8% |
| Accrued charges and deferred income | 492/3 | €1,358 | €3,070 | +€1,712 | +126.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,070 | €11,070 | = | 0.0% |
| Other operating charges | 640/8 | €756 | €4,910 | +€4,154 | +549.8% |
| Gross operating margin | 9900 | €1,408 | €14,080 | +€12,672 | +900.3% |
| Operating profit (loss) | 9901 | -€10,418 | -€1,900 | +€8,518 | +81.8% |
| Financial income | 75/76B | €120 | €0 | -€120 | -100.0% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -100.0% |
| Financial charges | 65/66B | €1,812 | €1,432 | -€380 | -21.0% |
| Recurring financial charges | 65 | €1,812 | €1,432 | -€380 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,110 | -€3,331 | +€8,778 | +72.5% |
| Income taxes | 67/77 | €66 | €145 | +€79 | +119.1% |
| Profit (loss) for the period | 9904 | -€12,176 | -€3,476 | +€8,699 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,176 | -€3,476 | +€8,699 | +71.4% |
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 12 October 2026 via checked.be.