GVH-AGRI: what changed
What changed
GVH-AGRI
NACE 33.120, Repair and maintenance of machinery
filed annual accounts (NBB)
Net result for the year
€34,769
2024 · €51,266-€16,497
Equity
€163,386
2024 · €128,617+€34,769
Cash
€43,781
2024 · €44,099-€318
Balance sheet total
€771,601
2024 · €792,888-€21,287
Largest movements
Assets
- Stocks and contracts -€231,942
down €231,942 (-76.7%), from €302,242 to €70,300
- Tangible fixed assets +€122,096
up €122,096 (+56.0%), from €218,054 to €340,150
of which Furniture and vehicles: +€118,000
- Receivables within one year +€89,706
up €89,706 (+39.4%), from €227,481 to €317,186
of which Trade receivables: +€93,292
Equity and liabilities
- Accrued charges and deferred income +€148,201
up €148,201 (+5,833%), from €2,541 to €150,742
- Trade debts -€133,213
down €133,213 (-58.3%), from €228,410 to €95,197
- Current portion of long-term debt -€119,459
down €119,459 (-72.9%), from €163,795 to €44,335
- Tax, wage and social debts +€67,625
up €67,625 (+275%), from €24,589 to €92,213
of which Taxes: +€54,348
- Profit (loss) carried forward +€34,769
up €34,769 (+27.6%), from €126,117 to €160,886
Income statement
- Depreciation +€18,943
up €18,943 (+91.2%), from €20,761 to €39,704
- Taxes -€4,028
down €4,028 (-24.1%), from €16,691 to €12,664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€51,266
Gross operating margin
-€114
Staff costs
-€1,508
Depreciation
-€18,943
Other operating charges
-€517
Financial income
+€78
Financial charges
+€479
Taxes
+€4,028
Result 2025
€34,769
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€295,277
Investment
-€161,800
Financing
-€133,795
Cash 2024
€44,099
From operations (derived)
+€295,277
Net result for the year
+€34,769
Depreciation
+€39,704
Stocks and contracts
+€231,942
Receivables within one year
-€89,706
Deferred charges and accrued income
+€829
Trade debts
-€133,213
Tax, wage and social debts
+€67,625
Other debts
-€4,874
Accrued charges and deferred income
+€148,201
Investment (derived)
-€161,800
Investment in fixed assets (net)
-€161,800
Financing
-€133,795
Debts after one year
-€14,335
Current portion of long-term debt
-€119,459
Cash 2025
€43,781
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €792,888 | €771,601 | -€21,287 | -2.7% |
| Fixed assets | 21/28 | €218,054 | €340,150 | +€122,096 | +56.0% |
| Tangible fixed assets | 22/27 | €218,054 | €340,150 | +€122,096 | +56.0% |
| Land and buildings | 22 | €186,320 | €175,734 | -€10,586 | -5.7% |
| Plant, machinery and equipment | 23 | €14,190 | €28,873 | +€14,682 | +103% |
| Furniture and vehicles | 24 | €17,543 | €135,543 | +€118,000 | +673% |
| Current assets | 29/58 | €574,834 | €431,451 | -€143,383 | -24.9% |
| Stocks and contracts in progress | 3 | €302,242 | €70,300 | -€231,942 | -76.7% |
| Stocks | 30/36 | €302,242 | €70,300 | -€231,942 | -76.7% |
| Amounts receivable within one year | 40/41 | €227,481 | €317,186 | +€89,706 | +39.4% |
| Trade receivables | 40 | €223,895 | €317,186 | +€93,292 | +41.7% |
| Other amounts receivable | 41 | €3,586 | - | -€3,586 | |
| Cash at bank and in hand | 54/58 | €44,099 | €43,781 | -€318 | -0.7% |
| Deferred charges and accrued income | 490/1 | €1,013 | €184 | -€829 | -81.8% |
| Total equity and liabilities | 10/49 | €792,888 | €771,601 | -€21,287 | -2.7% |
| Equity | 10/15 | €128,617 | €163,386 | +€34,769 | +27.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,117 | €160,886 | +€34,769 | +27.6% |
| Amounts payable | 17/49 | €664,271 | €608,215 | -€56,056 | -8.4% |
| Amounts payable after more than one year | 17 | €189,962 | €175,627 | -€14,335 | -7.5% |
| Financial debts | 170/4 | €189,962 | €175,627 | -€14,335 | -7.5% |
| Amounts payable within one year | 42/48 | €471,768 | €281,846 | -€189,922 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €163,795 | €44,335 | -€119,459 | -72.9% |
| Trade debts | 44 | €228,410 | €95,197 | -€133,213 | -58.3% |
| Suppliers | 440/4 | €228,410 | €95,197 | -€133,213 | -58.3% |
| Taxes, remuneration and social security | 45 | €24,589 | €92,213 | +€67,625 | +275% |
| Taxes | 450/3 | €16,691 | €71,039 | +€54,348 | +326% |
| Remuneration and social security | 454/9 | €7,897 | €21,174 | +€13,277 | +168% |
| Other amounts payable | 47/48 | €54,975 | €50,101 | -€4,874 | -8.9% |
| Accrued charges and deferred income | 492/3 | €2,541 | €150,742 | +€148,201 | +5,833% |
| Remuneration, social security and pensions | 62 | €47,357 | €48,865 | +€1,508 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,761 | €39,704 | +€18,943 | +91.2% |
| Other operating charges | 640/8 | €895 | €1,411 | +€517 | +57.7% |
| Gross operating margin | 9900 | €156,068 | €155,954 | -€114 | -0.1% |
| Operating profit (loss) | 9901 | €87,056 | €65,974 | -€21,082 | -24.2% |
| Financial income | 75/76B | €86 | €164 | +€78 | +90.3% |
| Recurring financial income | 75 | €86 | €164 | +€78 | +90.3% |
| Financial charges | 65/66B | €19,184 | €18,705 | -€479 | -2.5% |
| Recurring financial charges | 65 | €19,184 | €18,705 | -€479 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €67,958 | €47,433 | -€20,525 | -30.2% |
| Income taxes | 67/77 | €16,691 | €12,664 | -€4,028 | -24.1% |
| Profit (loss) for the period | 9904 | €51,266 | €34,769 | -€16,497 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,266 | €34,769 | -€16,497 | -32.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.