GVLKL MANAGEMENT: 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.
GVLKL MANAGEMENT
Largest movements
- Receivables within one year +€25,247
up €25,247 (+33.8%), from €74,717 to €99,964
of which Other amounts receivable: +€43,687
- Financial fixed assets -€4,000
no longer reported in 2025 (was €4,000)
- Cash -€3,951
down €3,951 (-85.3%), from €4,632 to €681
mainly Receivables within one year (-€25,247) and Trade debts (-€19,081)
- Tangible fixed assets +€2,023
new in 2025: €2,023
- Profit (loss) carried forward +€38,467
up €38,467 (+153%), from €25,133 to €63,600
- Trade debts -€19,081
down €19,081 (-83.3%), from €22,903 to €3,822
- Other debts -€6,360
down €6,360 (-33.6%), from €18,910 to €12,550
- Tax, wage and social debts +€6,293
up €6,293 (+55.2%), from €11,404 to €17,696
- Gross operating margin +€60,733
up €60,733, from -€7,115 to €53,617
- Taxes +€12,337
up €12,337 (+21,235%), from €58 to €12,395
- Other operating charges +€1,053
up €1,053 (+601%), from €175 to €1,229
- Financial charges +€799
up €799 (+361%), from €221 to €1,020
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 | €83,349 | €102,669 | +€19,319 | +23.2% |
| Fixed assets | 21/28 | €4,000 | €2,023 | -€1,977 | -49.4% |
| Tangible fixed assets | 22/27 | - | €2,023 | +€2,023 | |
| Furniture and vehicles | 24 | - | €2,023 | +€2,023 | |
| Financial fixed assets | 28 | €4,000 | - | -€4,000 | |
| Current assets | 29/58 | €79,349 | €100,645 | +€21,296 | +26.8% |
| Amounts receivable within one year | 40/41 | €74,717 | €99,964 | +€25,247 | +33.8% |
| Trade receivables | 40 | €23,285 | €4,845 | -€18,441 | -79.2% |
| Other amounts receivable | 41 | €51,432 | €95,119 | +€43,687 | +84.9% |
| Cash at bank and in hand | 54/58 | €4,632 | €681 | -€3,951 | -85.3% |
| Total equity and liabilities | 10/49 | €83,349 | €102,669 | +€19,319 | +23.2% |
| Equity | 10/15 | €30,133 | €68,600 | +€38,467 | +128% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,133 | €63,600 | +€38,467 | +153% |
| Amounts payable | 17/49 | €53,216 | €34,068 | -€19,148 | -36.0% |
| Amounts payable within one year | 42/48 | €53,216 | €34,068 | -€19,148 | -36.0% |
| Trade debts | 44 | €22,903 | €3,822 | -€19,081 | -83.3% |
| Suppliers | 440/4 | €22,903 | €3,822 | -€19,081 | -83.3% |
| Taxes, remuneration and social security | 45 | €11,404 | €17,696 | +€6,293 | +55.2% |
| Taxes | 450/3 | €11,404 | €17,696 | +€6,293 | +55.2% |
| Other amounts payable | 47/48 | €18,910 | €12,550 | -€6,360 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €506 | +€506 | |
| Other operating charges | 640/8 | €175 | €1,229 | +€1,053 | +601% |
| Gross operating margin | 9900 | -€7,115 | €53,617 | +€60,733 | |
| Operating profit (loss) | 9901 | -€7,291 | €51,883 | +€59,173 | |
| Financial charges | 65/66B | €221 | €1,020 | +€799 | +361% |
| Recurring financial charges | 65 | €221 | €1,020 | +€799 | +361% |
| Profit (loss) for the period before taxes | 9903 | -€7,512 | €50,863 | +€58,375 | |
| Income taxes | 67/77 | €58 | €12,395 | +€12,337 | +21,235% |
| Profit (loss) for the period | 9904 | -€7,570 | €38,467 | +€46,037 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,570 | €38,467 | +€46,037 |
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 29 October 2026 via checked.be.