GVM Consultancy: 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.
GVM Consultancy
Largest movements
- Cash +€29,544
up €29,544 (+49.6%), from €59,530 to €89,073
mainly Net result for the year (+€76,926) and Depreciation (+€21,364)
- Tangible fixed assets -€19,561
down €19,561 (-11.5%), from €170,394 to €150,832
of which Leasing and similar rights: -€12,926
- Receivables within one year -€17,967
down €17,967 (-97.0%), from €18,515 to €548
of which Trade receivables: -€18,513
- Debts after one year -€25,169
down €25,169 (-21.1%), from €119,501 to €94,332
- Other debts +€10,927
up €10,927 (+16.5%), from €66,365 to €77,292
- Trade debts +€4,547
up €4,547 (+3613.4%), from €126 to €4,673
- Gross operating margin +€14,261
up €14,261 (+13.0%), from €109,460 to €123,721
- Taxes +€2,830
up €2,830 (+16.3%), from €17,367 to €20,197
- Financial income -€1,816
down €1,816 (-100.0%), from €1,816 to €0
- Financial charges -€1,308
down €1,308 (-29.6%), from €4,425 to €3,117
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 | €248,472 | €241,029 | -€7,443 | -3.0% |
| Fixed assets | 21/28 | €170,394 | €150,832 | -€19,561 | -11.5% |
| Tangible fixed assets | 22/27 | €170,394 | €150,832 | -€19,561 | -11.5% |
| Land and buildings | 22 | €128,594 | €122,355 | -€6,240 | -4.9% |
| Plant, machinery and equipment | 23 | €9,031 | €7,768 | -€1,263 | -14.0% |
| Furniture and vehicles | 24 | €2,140 | €3,008 | +€868 | +40.6% |
| Leasing and similar rights | 25 | €30,628 | €17,701 | -€12,926 | -42.2% |
| Current assets | 29/58 | €78,079 | €90,197 | +€12,118 | +15.5% |
| Amounts receivable within one year | 40/41 | €18,515 | €548 | -€17,967 | -97.0% |
| Trade receivables | 40 | €18,513 | €0 | -€18,513 | -100.0% |
| Other amounts receivable | 41 | €2 | €548 | +€546 | +27032.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59,530 | €89,073 | +€29,544 | +49.6% |
| Deferred charges and accrued income | 490/1 | €34 | €575 | +€541 | +1594.6% |
| Total equity and liabilities | 10/49 | €248,472 | €241,029 | -€7,443 | -3.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €228,012 | €220,569 | -€7,443 | -3.3% |
| Amounts payable after more than one year | 17 | €119,501 | €94,332 | -€25,169 | -21.1% |
| Financial debts | 170/4 | €119,501 | €94,332 | -€25,169 | -21.1% |
| Amounts payable within one year | 42/48 | €107,883 | €126,237 | +€18,355 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €24,484 | €25,169 | +€685 | +2.8% |
| Financial debts | 43 | €5,123 | €6,694 | +€1,570 | +30.6% |
| Credit institutions | 430/8 | €5,000 | €6,694 | +€1,694 | +33.9% |
| Other loans | 439 | €123 | €0 | -€123 | -100.0% |
| Trade debts | 44 | €126 | €4,673 | +€4,547 | +3613.4% |
| Suppliers | 440/4 | €126 | €4,673 | +€4,547 | +3613.4% |
| Taxes, remuneration and social security | 45 | €11,785 | €12,410 | +€625 | +5.3% |
| Taxes | 450/3 | €11,785 | €12,410 | +€625 | +5.3% |
| Other amounts payable | 47/48 | €66,365 | €77,292 | +€10,927 | +16.5% |
| Accrued charges and deferred income | 492/3 | €629 | €0 | -€629 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,687 | €21,364 | -€324 | -1.5% |
| Other operating charges | 640/8 | €2,101 | €2,118 | +€17 | +0.8% |
| Gross operating margin | 9900 | €109,460 | €123,721 | +€14,261 | +13.0% |
| Operating profit (loss) | 9901 | €85,672 | €100,239 | +€14,567 | +17.0% |
| Financial income | 75/76B | €1,816 | €0 | -€1,816 | -100.0% |
| Recurring financial income | 75 | €1,816 | €0 | -€1,816 | -100.0% |
| Financial charges | 65/66B | €4,425 | €3,117 | -€1,308 | -29.6% |
| Recurring financial charges | 65 | €4,425 | €3,117 | -€1,308 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €83,063 | €97,122 | +€14,060 | +16.9% |
| Income taxes | 67/77 | €17,367 | €20,197 | +€2,830 | +16.3% |
| Profit (loss) for the period | 9904 | €65,696 | €76,926 | +€11,230 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,696 | €76,926 | +€11,230 | +17.1% |
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 8 October 2026 via checked.be.