GVM Consult: 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.
GVM Consult
Largest movements
- Cash -€61,976
down €61,976 (-73.1%), from €84,829 to €22,853
- Receivables within one year +€9,405
up €9,405 (+396.3%), from €2,373 to €11,778
of which Other amounts receivable: +€9,218
- Tangible fixed assets -€6,498
down €6,498 (-3.4%), from €192,652 to €186,154
of which Land and buildings: -€5,927
- Other debts -€33,771
down €33,771 (-70.2%), from €48,107 to €14,336
- Debts after one year -€15,384
down €15,384 (-11.7%), from €131,268 to €115,884
- Tax, wage and social debts -€10,778
down €10,778 (-96.2%), from €11,201 to €423
of which Taxes: -€9,634
- Gross operating margin -€37,482
down €37,482 (-46.6%), from €80,422 to €42,940
- Taxes -€8,448
down €8,448 (-87.9%), from €9,616 to €1,168
- Financial charges +€4,986
up €4,986 (+83.2%), from €5,993 to €10,979
- Other operating charges +€2,029
up €2,029 (+315.1%), from €644 to €2,673
- Depreciation +€882
up €882 (+3.6%), from €24,242 to €25,124
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 | €279,855 | €220,785 | -€59,069 | -21.1% |
| Fixed assets | 21/28 | €192,652 | €186,154 | -€6,498 | -3.4% |
| Tangible fixed assets | 22/27 | €192,652 | €186,154 | -€6,498 | -3.4% |
| Land and buildings | 22 | €192,081 | €186,154 | -€5,927 | -3.1% |
| Furniture and vehicles | 24 | €570 | €0 | -€570 | -100.0% |
| Current assets | 29/58 | €87,203 | €34,631 | -€52,571 | -60.3% |
| Amounts receivable within one year | 40/41 | €2,373 | €11,778 | +€9,405 | +396.3% |
| Trade receivables | 40 | - | €186 | +€186 | |
| Other amounts receivable | 41 | €2,373 | €11,592 | +€9,218 | +388.4% |
| Cash at bank and in hand | 54/58 | €84,829 | €22,853 | -€61,976 | -73.1% |
| Total equity and liabilities | 10/49 | €279,855 | €220,785 | -€59,069 | -21.1% |
| Equity | 10/15 | €79,238 | €81,401 | +€2,163 | +2.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,238 | €78,401 | +€2,163 | +2.8% |
| Amounts payable | 17/49 | €200,616 | €139,384 | -€61,233 | -30.5% |
| Amounts payable after more than one year | 17 | €131,268 | €115,884 | -€15,384 | -11.7% |
| Financial debts | 170/4 | €131,268 | €115,884 | -€15,384 | -11.7% |
| Amounts payable within one year | 42/48 | €68,920 | €23,500 | -€45,420 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €8,226 | €8,162 | -€65 | -0.8% |
| Trade debts | 44 | €1,385 | €579 | -€806 | -58.2% |
| Suppliers | 440/4 | €1,385 | €579 | -€806 | -58.2% |
| Taxes, remuneration and social security | 45 | €11,201 | €423 | -€10,778 | -96.2% |
| Taxes | 450/3 | €10,057 | €423 | -€9,634 | -95.8% |
| Remuneration and social security | 454/9 | €1,144 | €0 | -€1,144 | -100.0% |
| Other amounts payable | 47/48 | €48,107 | €14,336 | -€33,771 | -70.2% |
| Accrued charges and deferred income | 492/3 | €429 | €0 | -€429 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,242 | €25,124 | +€882 | +3.6% |
| Other operating charges | 640/8 | €644 | €2,673 | +€2,029 | +315.1% |
| Gross operating margin | 9900 | €80,422 | €42,940 | -€37,482 | -46.6% |
| Operating profit (loss) | 9901 | €55,536 | €15,143 | -€40,393 | -72.7% |
| Financial charges | 65/66B | €5,993 | €10,979 | +€4,986 | +83.2% |
| Recurring financial charges | 65 | €5,993 | €10,979 | +€4,986 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €49,543 | €4,165 | -€45,379 | -91.6% |
| Income taxes | 67/77 | €9,616 | €1,168 | -€8,448 | -87.9% |
| Profit (loss) for the period | 9904 | €39,927 | €2,996 | -€36,931 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,927 | €2,996 | -€36,931 | -92.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.