GVISION: 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.
GVISION
Largest movements
- Receivables within one year +€54,974
up €54,974 (+1351.0%), from €4,069 to €59,043
of which Trade receivables: +€57,474
- Financial fixed assets +€5,940
new in 2025: €5,940
- Deferred charges and accrued income -€3,359
no longer reported in 2025 (was €3,359)
- Cash +€2,892
up €2,892 (+14.3%), from €20,271 to €23,163
mainly Net result for the year (+€43,468) and Tax, wage and social debts (+€12,892)
- Tangible fixed assets -€1,905
down €1,905 (-36.4%), from €5,239 to €3,334
of which Other tangible fixed assets: -€1,109
- Profit (loss) carried forward +€43,468
up €43,468, from -€2,948 to €40,520
- Tax, wage and social debts +€12,892
up €12,892 (+223.5%), from €5,769 to €18,661
of which Taxes: +€9,965
- Trade debts +€2,697
up €2,697 (+21.2%), from €12,747 to €15,444
- Gross operating margin +€61,444
up €61,444, from -€5,950 to €55,494
- Taxes +€8,357
up €8,357 (+12986.0%), from €64 to €8,421
- Staff costs -€3,424
down €3,424 (-71.2%), from €4,810 to €1,385
- Depreciation +€1,430
up €1,430 (+300.7%), from €475 to €1,905
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.
Cash bridge derived
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 | €32,938 | €91,480 | +€58,541 | +177.7% |
| Fixed assets | 21/28 | €5,239 | €9,274 | +€4,035 | +77.0% |
| Tangible fixed assets | 22/27 | €5,239 | €3,334 | -€1,905 | -36.4% |
| Furniture and vehicles | 24 | €2,178 | €1,383 | -€796 | -36.5% |
| Other tangible fixed assets | 26 | €3,061 | €1,952 | -€1,109 | -36.2% |
| Financial fixed assets | 28 | - | €5,940 | +€5,940 | |
| Current assets | 29/58 | €27,699 | €82,205 | +€54,506 | +196.8% |
| Amounts receivable within one year | 40/41 | €4,069 | €59,043 | +€54,974 | +1351.0% |
| Trade receivables | 40 | €1,569 | €59,043 | +€57,474 | +3662.8% |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €20,271 | €23,163 | +€2,892 | +14.3% |
| Deferred charges and accrued income | 490/1 | €3,359 | - | -€3,359 | |
| Total equity and liabilities | 10/49 | €32,938 | €91,480 | +€58,541 | +177.7% |
| Equity | 10/15 | €13,052 | €56,520 | +€43,468 | +333.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,948 | €40,520 | +€43,468 | |
| Amounts payable | 17/49 | €19,886 | €34,960 | +€15,073 | +75.8% |
| Amounts payable within one year | 42/48 | €19,720 | €34,960 | +€15,240 | +77.3% |
| Trade debts | 44 | €12,747 | €15,444 | +€2,697 | +21.2% |
| Suppliers | 440/4 | €12,747 | €15,444 | +€2,697 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,769 | €18,661 | +€12,892 | +223.5% |
| Taxes | 450/3 | €4,334 | €14,299 | +€9,965 | +229.9% |
| Remuneration and social security | 454/9 | €1,435 | €4,362 | +€2,927 | +204.0% |
| Other amounts payable | 47/48 | €1,204 | €855 | -€349 | -29.0% |
| Accrued charges and deferred income | 492/3 | €166 | - | -€166 | |
| Remuneration, social security and pensions | 62 | €4,810 | €1,385 | -€3,424 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €1,905 | +€1,430 | +300.7% |
| Other operating charges | 640/8 | €222 | €335 | +€113 | +50.7% |
| Gross operating margin | 9900 | -€5,950 | €55,494 | +€61,444 | |
| Operating profit (loss) | 9901 | -€11,457 | €51,868 | +€63,326 | |
| Financial income | 75/76B | €15 | €98 | +€84 | +567.3% |
| Recurring financial income | 75 | €15 | €98 | +€84 | +567.3% |
| Financial charges | 65/66B | €371 | €78 | -€294 | -79.1% |
| Recurring financial charges | 65 | €371 | €78 | -€294 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,814 | €51,889 | +€63,703 | |
| Income taxes | 67/77 | €64 | €8,421 | +€8,357 | +12986.0% |
| Profit (loss) for the period | 9904 | -€11,878 | €43,468 | +€55,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,878 | €43,468 | +€55,346 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.