GVFid: 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.
GVFid
Largest movements
- Receivables within one year -€28,363
down €28,363 (-89.8%), from €31,571 to €3,208
of which Trade receivables: -€15,269
- Tangible fixed assets +€25,288
up €25,288 (+55.5%), from €45,562 to €70,850
of which Furniture and vehicles: +€25,533
- Cash +€15,347
up €15,347 (+16.8%), from €91,315 to €106,661
mainly Net result for the year (+€114,053) and Receivables within one year (+€28,363)
- Other debts +€5,417
up €5,417 (+5.1%), from €107,081 to €112,499
- Reserves +€4,924
up €4,924 (+6.4%), from €76,684 to €81,608
- Depreciation +€5,120
up €5,120 (+35.1%), from €14,583 to €19,703
- Gross operating margin +€3,759
up €3,759 (+2.3%), from €162,610 to €166,369
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 | €209,098 | €221,384 | +€12,286 | +5.9% |
| Fixed assets | 21/28 | €45,562 | €70,850 | +€25,288 | +55.5% |
| Tangible fixed assets | 22/27 | €45,562 | €70,850 | +€25,288 | +55.5% |
| Plant, machinery and equipment | 23 | €1,771 | €1,526 | -€244 | -13.8% |
| Furniture and vehicles | 24 | €43,792 | €69,324 | +€25,533 | +58.3% |
| Current assets | 29/58 | €163,536 | €150,533 | -€13,002 | -8.0% |
| Amounts receivable within one year | 40/41 | €31,571 | €3,208 | -€28,363 | -89.8% |
| Trade receivables | 40 | €18,477 | €3,208 | -€15,269 | -82.6% |
| Other amounts receivable | 41 | €13,095 | - | -€13,095 | |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,315 | €106,661 | +€15,347 | +16.8% |
| Deferred charges and accrued income | 490/1 | €10,650 | €10,664 | +€14 | +0.1% |
| Total equity and liabilities | 10/49 | €209,098 | €221,384 | +€12,286 | +5.9% |
| Equity | 10/15 | €77,684 | €82,608 | +€4,924 | +6.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €76,684 | €81,608 | +€4,924 | +6.4% |
| Distributable reserves | 133 | €76,684 | €81,608 | +€4,924 | +6.4% |
| Amounts payable | 17/49 | €131,414 | €138,776 | +€7,362 | +5.6% |
| Amounts payable within one year | 42/48 | €131,333 | €138,694 | +€7,362 | +5.6% |
| Trade debts | 44 | €94 | €279 | +€185 | +197.2% |
| Suppliers | 440/4 | €94 | €279 | +€185 | +197.2% |
| Taxes, remuneration and social security | 45 | €24,158 | €25,917 | +€1,759 | +7.3% |
| Taxes | 450/3 | €24,158 | €25,917 | +€1,759 | +7.3% |
| Other amounts payable | 47/48 | €107,081 | €112,499 | +€5,417 | +5.1% |
| Accrued charges and deferred income | 492/3 | €81 | €81 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,583 | €19,703 | +€5,120 | +35.1% |
| Other operating charges | 640/8 | €469 | €380 | -€89 | -19.0% |
| Gross operating margin | 9900 | €162,610 | €166,369 | +€3,759 | +2.3% |
| Operating profit (loss) | 9901 | €147,558 | €146,285 | -€1,272 | -0.9% |
| Financial income | 75/76B | €1,562 | €998 | -€565 | -36.1% |
| Recurring financial income | 75 | €1,562 | €998 | -€565 | -36.1% |
| Financial charges | 65/66B | €96 | - | -€96 | |
| Recurring financial charges | 65 | €96 | - | -€96 | |
| Profit (loss) for the period before taxes | 9903 | €149,024 | €147,283 | -€1,741 | -1.2% |
| Income taxes | 67/77 | €34,443 | €33,230 | -€1,213 | -3.5% |
| Profit (loss) for the period | 9904 | €114,581 | €114,053 | -€529 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €114,581 | €114,053 | -€529 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.