GVHA: 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.
GVHA
Largest movements
- Receivables within one year +€22,289
up €22,289 (+236.8%), from €9,413 to €31,702
- Cash +€5,346
up €5,346 (+345.5%), from €1,547 to €6,893
- Deferred charges and accrued income +€754
new in 2025: €754
- Other debts +€21,087
new in 2025: €21,087
- Profit (loss) carried forward +€7,302
up €7,302, from -€4,040 to €3,262
- Gross operating margin +€4,705
up €4,705, from -€405 to €4,300
- Other operating charges +€387
new in 2025: €387
- Financial charges +€53
up €53 (+58.3%), from €90 to €143
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,960 | €44,349 | +€28,389 | +177.9% |
| Fixed assets | 21/28 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €10,960 | €39,349 | +€28,389 | +259.0% |
| Amounts receivable within one year | 40/41 | €9,413 | €31,702 | +€22,289 | +236.8% |
| Other amounts receivable | 41 | €9,413 | €31,702 | +€22,289 | +236.8% |
| Cash at bank and in hand | 54/58 | €1,547 | €6,893 | +€5,346 | +345.5% |
| Deferred charges and accrued income | 490/1 | - | €754 | +€754 | |
| Total equity and liabilities | 10/49 | €15,960 | €44,349 | +€28,389 | +177.9% |
| Equity | 10/15 | €15,960 | €23,262 | +€7,302 | +45.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€4,040 | €3,262 | +€7,302 | |
| Amounts payable | 17/49 | - | €21,087 | +€21,087 | |
| Amounts payable within one year | 42/48 | - | €21,087 | +€21,087 | |
| Other amounts payable | 47/48 | - | €21,087 | +€21,087 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | -€405 | €4,300 | +€4,705 | |
| Operating profit (loss) | 9901 | -€405 | €3,913 | +€4,317 | |
| Financial charges | 65/66B | €90 | €143 | +€53 | +58.3% |
| Recurring financial charges | 65 | €90 | €143 | +€53 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | -€495 | €3,770 | +€4,265 | |
| Profit (loss) for the period | 9904 | -€495 | €3,770 | +€4,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€495 | €3,770 | +€4,265 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.