GVH CONSULT: 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.
GVH CONSULT
Largest movements
- Cash -€36,832
down €36,832 (-38.1%), from €96,705 to €59,873
mainly Contributions, distributions and other (-€61,000) and Receivables within one year (-€30,837)
- Receivables within one year +€30,837
up €30,837 (+353%), from €8,730 to €39,567
of which Trade receivables: +€30,837
- Reserves -€16,224
down €16,224 (-20.1%), from €80,828 to €64,604
- Tax, wage and social debts +€13,006
up €13,006 (+343%), from €3,793 to €16,799
of which Taxes: +€15,701
- Trade debts -€1,821
down €1,821 (-50.7%), from €3,589 to €1,768
- Gross operating margin +€17,515
up €17,515 (+42.1%), from €41,632 to €59,146
- Taxes +€4,352
up €4,352 (+53.4%), from €8,144 to €12,496
- Financial income +€742
up €742 (+563%), from €132 to €874
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 | €107,183 | €102,166 | -€5,017 | -4.7% |
| Fixed assets | 21/28 | €678 | €1,728 | +€1,051 | +155% |
| Tangible fixed assets | 22/27 | €678 | €1,728 | +€1,051 | +155% |
| Furniture and vehicles | 24 | €678 | €1,728 | +€1,051 | +155% |
| Current assets | 29/58 | €106,505 | €100,438 | -€6,067 | -5.7% |
| Amounts receivable within one year | 40/41 | €8,730 | €39,567 | +€30,837 | +353% |
| Trade receivables | 40 | €7,834 | €38,671 | +€30,837 | +394% |
| Other amounts receivable | 41 | €896 | €896 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,705 | €59,873 | -€36,832 | -38.1% |
| Deferred charges and accrued income | 490/1 | €1,071 | €999 | -€72 | -6.8% |
| Total equity and liabilities | 10/49 | €107,183 | €102,166 | -€5,017 | -4.7% |
| Equity | 10/15 | €99,428 | €83,204 | -€16,224 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,828 | €64,604 | -€16,224 | -20.1% |
| Distributable reserves | 133 | €80,828 | €64,604 | -€16,224 | -20.1% |
| Amounts payable | 17/49 | €7,755 | €18,962 | +€11,207 | +145% |
| Amounts payable within one year | 42/48 | €7,755 | €18,962 | +€11,207 | +145% |
| Trade debts | 44 | €3,589 | €1,768 | -€1,821 | -50.7% |
| Suppliers | 440/4 | €3,589 | €1,768 | -€1,821 | -50.7% |
| Taxes, remuneration and social security | 45 | €3,793 | €16,799 | +€13,006 | +343% |
| Taxes | 450/3 | €1,098 | €16,799 | +€15,701 | +1,430% |
| Remuneration and social security | 454/9 | €2,695 | - | -€2,695 | |
| Other amounts payable | 47/48 | €373 | €395 | +€22 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527 | €718 | +€192 | +36.4% |
| Other operating charges | 640/8 | €1,667 | €1,940 | +€273 | +16.3% |
| Gross operating margin | 9900 | €41,632 | €59,146 | +€17,515 | +42.1% |
| Operating profit (loss) | 9901 | €39,438 | €56,488 | +€17,050 | +43.2% |
| Financial income | 75/76B | €132 | €874 | +€742 | +563% |
| Recurring financial income | 75 | €132 | €874 | +€742 | +563% |
| Financial charges | 65/66B | €109 | €90 | -€19 | -17.2% |
| Recurring financial charges | 65 | €109 | €90 | -€19 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €39,461 | €57,272 | +€17,811 | +45.1% |
| Income taxes | 67/77 | €8,144 | €12,496 | +€4,352 | +53.4% |
| Profit (loss) for the period | 9904 | €31,317 | €44,776 | +€13,459 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,317 | €44,776 | +€13,459 | +43.0% |
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.