GVH Consulting: what changed
What changed
GVH Consulting
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
-€34
2024 · €501-€535
Equity
€76,509
2024 · €76,543-€34
Cash
€15,325
2024 · €53,835-€38,510
Balance sheet total
€155,747
2024 · €199,118-€43,372
Largest movements
Assets
- Cash -€38,510
down €38,510 (-71.5%), from €53,835 to €15,325
mainly Trade debts (-€38,182) and Debts after one year (-€8,977)
- Intangible fixed assets -€3,300
down €3,300 (-10.6%), from €31,098 to €27,798
- Receivables within one year -€2,115
down €2,115 (-14.3%), from €14,831 to €12,716
of which Trade receivables: -€3,023
Equity and liabilities
- Trade debts -€38,182
down €38,182 (-94.8%), from €40,277 to €2,096
- Debts after one year -€8,977
down €8,977 (-15.6%), from €57,543 to €48,566
- Other debts +€2,925
up €2,925 (+93.4%), from €3,130 to €6,055
Income statement
- Depreciation +€2,362
up €2,362 (+20.9%), from €11,288 to €13,650
- Gross operating margin +€1,041
up €1,041 (+5.3%), from €19,665 to €20,706
- Other operating charges -€363
down €363 (-16.3%), from €2,230 to €1,867
- Taxes -€250
down €250 (-27.8%), from €901 to €651
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
€501
Gross operating margin
+€1,041
Depreciation
-€2,362
Other operating charges
+€363
Financial income
+€79
Financial charges
+€94
Taxes
+€250
Result 2025
-€34
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
-€20,764
Investment
-€8,950
Financing
-€8,796
Cash 2024
€53,835
From operations (derived)
-€20,764
Net result for the year
-€34
Depreciation
+€13,650
Receivables within one year
+€2,115
Deferred charges and accrued income
-€1,953
Trade debts
-€38,182
Tax, wage and social debts
+€66
Other debts
+€2,925
Accrued charges and deferred income
+€648
Investment (derived)
-€8,950
Investment in fixed assets (net)
-€8,950
Financing
-€8,796
Debts after one year
-€8,977
Current portion of long-term debt
+€181
Cash 2025
€15,325
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,118 | €155,747 | -€43,372 | -21.8% |
| Fixed assets | 21/28 | €127,871 | €123,171 | -€4,700 | -3.7% |
| Intangible fixed assets | 21 | €31,098 | €27,798 | -€3,300 | -10.6% |
| Tangible fixed assets | 22/27 | €96,774 | €95,374 | -€1,400 | -1.4% |
| Land and buildings | 22 | €87,550 | €79,591 | -€7,959 | -9.1% |
| Plant, machinery and equipment | 23 | €7,243 | €6,319 | -€924 | -12.8% |
| Furniture and vehicles | 24 | €1,981 | €9,464 | +€7,483 | +378% |
| Current assets | 29/58 | €71,247 | €32,575 | -€38,672 | -54.3% |
| Amounts receivable within one year | 40/41 | €14,831 | €12,716 | -€2,115 | -14.3% |
| Trade receivables | 40 | €14,831 | €11,807 | -€3,023 | -20.4% |
| Other amounts receivable | 41 | - | €908 | +€908 | |
| Cash at bank and in hand | 54/58 | €53,835 | €15,325 | -€38,510 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,581 | €4,534 | +€1,953 | +75.7% |
| Total equity and liabilities | 10/49 | €199,118 | €155,747 | -€43,372 | -21.8% |
| Equity | 10/15 | €76,543 | €76,509 | -€34 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €64,143 | €64,109 | -€34 | -0.1% |
| Distributable reserves | 133 | €64,143 | €64,109 | -€34 | -0.1% |
| Amounts payable | 17/49 | €122,575 | €79,237 | -€43,338 | -35.4% |
| Amounts payable after more than one year | 17 | €57,543 | €48,566 | -€8,977 | -15.6% |
| Financial debts | 170/4 | €57,543 | €48,566 | -€8,977 | -15.6% |
| Amounts payable within one year | 42/48 | €63,509 | €28,500 | -€35,009 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €8,796 | €8,977 | +€181 | +2.1% |
| Trade debts | 44 | €40,277 | €2,096 | -€38,182 | -94.8% |
| Suppliers | 440/4 | €40,277 | €2,096 | -€38,182 | -94.8% |
| Advances received on contracts in progress | 46 | €6,145 | €6,145 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,160 | €5,227 | +€66 | +1.3% |
| Taxes | 450/3 | €5,160 | €5,227 | +€66 | +1.3% |
| Other amounts payable | 47/48 | €3,130 | €6,055 | +€2,925 | +93.4% |
| Accrued charges and deferred income | 492/3 | €1,523 | €2,172 | +€648 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,288 | €13,650 | +€2,362 | +20.9% |
| Other operating charges | 640/8 | €2,230 | €1,867 | -€363 | -16.3% |
| Gross operating margin | 9900 | €19,665 | €20,706 | +€1,041 | +5.3% |
| Operating profit (loss) | 9901 | €6,147 | €5,189 | -€958 | -15.6% |
| Financial income | 75/76B | €121 | €200 | +€79 | +65.4% |
| Recurring financial income | 75 | €121 | €200 | +€79 | +65.4% |
| Financial charges | 65/66B | €4,865 | €4,771 | -€94 | -1.9% |
| Recurring financial charges | 65 | €4,865 | €4,771 | -€94 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €1,402 | €617 | -€785 | -56.0% |
| Income taxes | 67/77 | €901 | €651 | -€250 | -27.8% |
| Profit (loss) for the period | 9904 | €501 | -€34 | -€535 | |
| Profit (loss) for the period to be appropriated | 9905 | €501 | -€34 | -€535 |
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 5 November 2026 via checked.be.