GVG SOLUTIONS: 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.
GVG SOLUTIONS
Largest movements
- Current investments -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Cash +€18,527
up €18,527 (+32.9%), from €56,321 to €74,848
mainly Current investments (+€80,000) and Net result for the year (+€47,727)
- Tangible fixed assets -€16,475
down €16,475 (-18.3%), from €90,005 to €73,530
of which Furniture and vehicles: -€16,317
- Receivables within one year -€5,544
down €5,544 (-28.9%), from €19,156 to €13,613
of which Trade receivables: -€4,538
- Other debts -€42,183
down €42,183 (-48.8%), from €86,508 to €44,325
- Debts after one year -€22,717
down €22,717 (-51.4%), from €44,157 to €21,440
- Tax, wage and social debts -€16,315
down €16,315 (-40.8%), from €39,963 to €23,647
of which Taxes: -€8,220
- Depreciation +€13,032
up €13,032 (+232.4%), from €5,608 to €18,641
- Gross operating margin +€7,101
up €7,101 (+9.8%), from €72,756 to €79,857
- Financial charges -€2,606
down €2,606 (-58.7%), from €4,441 to €1,835
of which Non-recurring financial charges: -€3,780
- Financial income +€2,253
up €2,253, from €0 to €2,253
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 | €247,964 | €164,761 | -€83,203 | -33.6% |
| Fixed assets | 21/28 | €90,005 | €73,530 | -€16,475 | -18.3% |
| Tangible fixed assets | 22/27 | €90,005 | €73,530 | -€16,475 | -18.3% |
| Plant, machinery and equipment | 23 | €7,912 | €6,092 | -€1,820 | -23.0% |
| Furniture and vehicles | 24 | €78,971 | €62,654 | -€16,317 | -20.7% |
| Other tangible fixed assets | 26 | €3,123 | €4,784 | +€1,662 | +53.2% |
| Current assets | 29/58 | €157,958 | €91,230 | -€66,728 | -42.2% |
| Amounts receivable within one year | 40/41 | €19,156 | €13,613 | -€5,544 | -28.9% |
| Trade receivables | 40 | €18,150 | €13,613 | -€4,538 | -25.0% |
| Other amounts receivable | 41 | €1,006 | €0 | -€1,006 | -100.0% |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,321 | €74,848 | +€18,527 | +32.9% |
| Deferred charges and accrued income | 490/1 | €2,481 | €2,770 | +€289 | +11.6% |
| Total equity and liabilities | 10/49 | €247,964 | €164,761 | -€83,203 | -33.6% |
| Equity | 10/15 | €54,592 | €52,319 | -€2,273 | -4.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,592 | €49,319 | -€2,273 | -4.4% |
| Distributable reserves | 133 | €51,592 | €49,319 | -€2,273 | -4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €193,372 | €112,442 | -€80,930 | -41.9% |
| Amounts payable after more than one year | 17 | €44,157 | €21,440 | -€22,717 | -51.4% |
| Financial debts | 170/4 | €44,157 | €21,440 | -€22,717 | -51.4% |
| Amounts payable within one year | 42/48 | €149,011 | €91,001 | -€58,010 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €22,036 | €22,717 | +€681 | +3.1% |
| Financial debts | 43 | €351 | €197 | -€154 | -44.0% |
| Credit institutions | 430/8 | €351 | €197 | -€154 | -44.0% |
| Trade debts | 44 | €154 | €116 | -€38 | -24.9% |
| Suppliers | 440/4 | €154 | €116 | -€38 | -24.9% |
| Taxes, remuneration and social security | 45 | €39,963 | €23,647 | -€16,315 | -40.8% |
| Taxes | 450/3 | €29,468 | €21,249 | -€8,220 | -27.9% |
| Remuneration and social security | 454/9 | €10,494 | €2,399 | -€8,095 | -77.1% |
| Other amounts payable | 47/48 | €86,508 | €44,325 | -€42,183 | -48.8% |
| Accrued charges and deferred income | 492/3 | €204 | €0 | -€204 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,608 | €18,641 | +€13,032 | +232.4% |
| Other operating charges | 640/8 | €485 | €439 | -€45 | -9.3% |
| Gross operating margin | 9900 | €72,756 | €79,857 | +€7,101 | +9.8% |
| Operating profit (loss) | 9901 | €66,663 | €60,777 | -€5,886 | -8.8% |
| Financial income | 75/76B | €0 | €2,253 | +€2,253 | |
| Recurring financial income | 75 | €0 | €2,253 | +€2,253 | |
| Financial charges | 65/66B | €4,441 | €1,835 | -€2,606 | -58.7% |
| Recurring financial charges | 65 | €660 | €1,835 | +€1,175 | +177.9% |
| Non-recurring financial charges | 66B | €3,780 | €0 | -€3,780 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €62,222 | €61,196 | -€1,027 | -1.6% |
| Income taxes | 67/77 | €13,407 | €13,469 | +€62 | +0.5% |
| Profit (loss) for the period | 9904 | €48,815 | €47,727 | -€1,088 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,815 | €47,727 | -€1,088 | -2.2% |
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 1 October 2026 via checked.be.