GVG-CONSULTING: 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.
GVG-CONSULTING
Largest movements
- Financial fixed assets +€110,000
new in 2025: €110,000
- Cash -€90,965
down €90,965 (-85.7%), from €106,151 to €15,186
mainly Investment in fixed assets (net) (-€123,658) and Current investments (-€46,000)
- Current investments +€46,000
new in 2025: €46,000
- Deferred charges and accrued income -€24,102
down €24,102 (-89.1%), from €27,039 to €2,937
- Tangible fixed assets +€11,419
up €11,419 (+284%), from €4,019 to €15,437
of which Other tangible fixed assets: +€9,336
- Debts after one year +€40,974
new in 2025: €40,974
- Profit (loss) carried forward -€11,798
new in 2025: -€11,798
- Current portion of long-term debt +€11,528
new in 2025: €11,528
- Other debts +€4,869
up €4,869, from €0 to €4,869
- Tax, wage and social debts -€2,731
down €2,731 (-60.2%), from €4,535 to €1,804
- Gross operating margin -€85,457
down €85,457, from €81,248 to -€4,208
- Taxes -€16,743
down €16,743 (-98.2%), from €17,051 to €309
- Financial charges +€1,594
up €1,594 (+74.5%), from €2,139 to €3,733
- Depreciation +€1,192
up €1,192 (+114%), from €1,047 to €2,239
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 | €165,519 | €208,261 | +€42,742 | +25.8% |
| Fixed assets | 21/28 | €4,019 | €125,437 | +€121,419 | +3,021% |
| Tangible fixed assets | 22/27 | €4,019 | €15,437 | +€11,419 | +284% |
| Plant, machinery and equipment | 23 | - | €1,976 | +€1,976 | |
| Furniture and vehicles | 24 | €4,019 | €4,125 | +€106 | +2.6% |
| Other tangible fixed assets | 26 | - | €9,336 | +€9,336 | |
| Financial fixed assets | 28 | - | €110,000 | +€110,000 | |
| Current assets | 29/58 | €161,500 | €82,823 | -€78,677 | -48.7% |
| Amounts receivable within one year | 40/41 | €28,311 | €18,701 | -€9,610 | -33.9% |
| Trade receivables | 40 | €19,082 | €1,551 | -€17,531 | -91.9% |
| Other amounts receivable | 41 | €9,229 | €17,150 | +€7,921 | +85.8% |
| Current investments | 50/53 | - | €46,000 | +€46,000 | |
| Cash at bank and in hand | 54/58 | €106,151 | €15,186 | -€90,965 | -85.7% |
| Deferred charges and accrued income | 490/1 | €27,039 | €2,937 | -€24,102 | -89.1% |
| Total equity and liabilities | 10/49 | €165,519 | €208,261 | +€42,742 | +25.8% |
| Equity | 10/15 | €157,687 | €145,889 | -€11,798 | -7.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €147,687 | €147,687 | = | 0.0% |
| Distributable reserves | 133 | €147,687 | €147,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,798 | -€11,798 | |
| Amounts payable | 17/49 | €7,832 | €62,371 | +€54,539 | +696% |
| Amounts payable after more than one year | 17 | - | €40,974 | +€40,974 | |
| Financial debts | 170/4 | - | €40,974 | +€40,974 | |
| Amounts payable within one year | 42/48 | €7,699 | €21,398 | +€13,699 | +178% |
| Current portion of amounts payable after more than one year | 42 | - | €11,528 | +€11,528 | |
| Trade debts | 44 | €3,164 | €3,197 | +€33 | +1.0% |
| Suppliers | 440/4 | €3,164 | €3,197 | +€33 | +1.0% |
| Taxes, remuneration and social security | 45 | €4,535 | €1,804 | -€2,731 | -60.2% |
| Taxes | 450/3 | €4,535 | €1,804 | -€2,731 | -60.2% |
| Other amounts payable | 47/48 | €0 | €4,869 | +€4,869 | |
| Accrued charges and deferred income | 492/3 | €133 | €0 | -€133 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €2,239 | +€1,192 | +114% |
| Other operating charges | 640/8 | €1,677 | €1,308 | -€369 | -22.0% |
| Gross operating margin | 9900 | €81,248 | -€4,208 | -€85,457 | |
| Operating profit (loss) | 9901 | €78,524 | -€7,756 | -€86,280 | |
| Financial income | 75/76B | €136 | €0 | -€136 | -100% |
| Recurring financial income | 75 | €136 | €0 | -€136 | -100% |
| Financial charges | 65/66B | €2,139 | €3,733 | +€1,594 | +74.5% |
| Recurring financial charges | 65 | €2,139 | €3,733 | +€1,594 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €76,521 | -€11,489 | -€88,010 | |
| Income taxes | 67/77 | €17,051 | €309 | -€16,743 | -98.2% |
| Profit (loss) for the period | 9904 | €59,470 | -€11,798 | -€71,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,470 | -€11,798 | -€71,267 |
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 24 October 2026 via checked.be.