GVL DESIGN: 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.
GVL DESIGN
Largest movements
- Receivables within one year -€66,906
down €66,906 (-82.1%), from €81,464 to €14,559
of which Other amounts receivable: -€67,500
- Cash +€37,482
up €37,482 (+77.1%), from €48,630 to €86,111
mainly Receivables within one year (+€66,906) and Net result for the year (+€58,101)
- Other debts -€71,842
down €71,842 (-83.0%), from €86,504 to €14,663
- Tax, wage and social debts +€43,254
up €43,254 (+156%), from €27,686 to €70,940
- Profit (loss) carried forward -€1,899
down €1,899 (-99.2%), from €1,914 to €15
- Gross operating margin +€17,676
up €17,676 (+30.1%), from €58,783 to €76,458
- Taxes +€3,078
up €3,078 (+24.1%), from €12,792 to €15,869
- Financial charges +€852
up €852 (+1,226%), from €69 to €921
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 | €132,768 | €102,532 | -€30,237 | -22.8% |
| Fixed assets | 21/28 | €2,342 | €1,475 | -€867 | -37.0% |
| Tangible fixed assets | 22/27 | €2,342 | €1,475 | -€867 | -37.0% |
| Furniture and vehicles | 24 | €2,342 | €1,475 | -€867 | -37.0% |
| Current assets | 29/58 | €130,426 | €101,056 | -€29,370 | -22.5% |
| Amounts receivable within one year | 40/41 | €81,464 | €14,559 | -€66,906 | -82.1% |
| Trade receivables | 40 | €13,964 | €14,559 | +€594 | +4.3% |
| Other amounts receivable | 41 | €67,500 | - | -€67,500 | |
| Cash at bank and in hand | 54/58 | €48,630 | €86,111 | +€37,482 | +77.1% |
| Deferred charges and accrued income | 490/1 | €332 | €386 | +€54 | +16.3% |
| Total equity and liabilities | 10/49 | €132,768 | €102,532 | -€30,237 | -22.8% |
| Equity | 10/15 | €15,914 | €14,015 | -€1,899 | -11.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,914 | €15 | -€1,899 | -99.2% |
| Amounts payable | 17/49 | €116,854 | €88,516 | -€28,337 | -24.3% |
| Amounts payable within one year | 42/48 | €116,854 | €88,516 | -€28,337 | -24.3% |
| Trade debts | 44 | €2,663 | €2,913 | +€250 | +9.4% |
| Suppliers | 440/4 | €2,663 | €2,913 | +€250 | +9.4% |
| Taxes, remuneration and social security | 45 | €27,686 | €70,940 | +€43,254 | +156% |
| Taxes | 450/3 | €27,686 | €70,940 | +€43,254 | +156% |
| Other amounts payable | 47/48 | €86,504 | €14,663 | -€71,842 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | €867 | +€609 | +236% |
| Other operating charges | 640/8 | €904 | €1,020 | +€116 | +12.8% |
| Gross operating margin | 9900 | €58,783 | €76,458 | +€17,676 | +30.1% |
| Operating profit (loss) | 9901 | €57,620 | €74,572 | +€16,952 | +29.4% |
| Financial income | 75/76B | €896 | €319 | -€577 | -64.4% |
| Recurring financial income | 75 | €896 | €319 | -€577 | -64.4% |
| Financial charges | 65/66B | €69 | €921 | +€852 | +1,226% |
| Recurring financial charges | 65 | €69 | €921 | +€852 | +1,226% |
| Profit (loss) for the period before taxes | 9903 | €58,447 | €73,970 | +€15,523 | +26.6% |
| Income taxes | 67/77 | €12,792 | €15,869 | +€3,078 | +24.1% |
| Profit (loss) for the period | 9904 | €45,656 | €58,101 | +€12,445 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,656 | €58,101 | +€12,445 | +27.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.