GVN 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.
GVN Consult
Largest movements
- Cash +€104,373
up €104,373 (+84.4%), from €123,628 to €228,000
mainly Net result for the year (+€110,225) and Receivables within one year (+€21,071)
- Receivables within one year -€21,071
down €21,071 (-94.7%), from €22,258 to €1,187
of which Trade receivables: -€21,601
- Receivables after one year +€20,000
new in 2025: €20,000
- Tangible fixed assets +€3,682
up €3,682 (+75.9%), from €4,851 to €8,533
of which Furniture and vehicles: +€4,237
- Reserves +€47,339
up €47,339 (+63.0%), from €75,130 to €122,469
- Profit (loss) carried forward +€37,886
up €37,886 (+5,051,445%), from €1 to €37,887
- Other debts +€20,000
new in 2025: €20,000
- Trade debts +€3,326
up €3,326 (+103%), from €3,234 to €6,560
- Gross operating margin +€42,948
up €42,948 (+39.0%), from €110,199 to €153,147
- Taxes +€8,072
up €8,072 (+25.2%), from €32,013 to €40,085
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 | €152,046 | €258,731 | +€106,685 | +70.2% |
| Fixed assets | 21/28 | €4,851 | €8,533 | +€3,682 | +75.9% |
| Tangible fixed assets | 22/27 | €4,851 | €8,533 | +€3,682 | +75.9% |
| Plant, machinery and equipment | 23 | €2,408 | €1,854 | -€555 | -23.0% |
| Furniture and vehicles | 24 | €2,443 | €6,680 | +€4,237 | +173% |
| Current assets | 29/58 | €147,195 | €250,198 | +€103,003 | +70.0% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €22,258 | €1,187 | -€21,071 | -94.7% |
| Trade receivables | 40 | €21,601 | - | -€21,601 | |
| Other amounts receivable | 41 | €657 | €1,187 | +€530 | +80.7% |
| Current investments | 50/53 | €197 | - | -€197 | |
| Cash at bank and in hand | 54/58 | €123,628 | €228,000 | +€104,373 | +84.4% |
| Deferred charges and accrued income | 490/1 | €1,112 | €1,011 | -€101 | -9.1% |
| Total equity and liabilities | 10/49 | €152,046 | €258,731 | +€106,685 | +70.2% |
| Equity | 10/15 | €85,131 | €170,356 | +€85,225 | +100% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €75,130 | €122,469 | +€47,339 | +63.0% |
| Distributable reserves | 133 | €75,130 | €122,469 | +€47,339 | +63.0% |
| Profit (loss) carried forward | 14 | €1 | €37,887 | +€37,886 | +5,051,445% |
| Amounts payable | 17/49 | €66,915 | €88,376 | +€21,460 | +32.1% |
| Amounts payable within one year | 42/48 | €66,915 | €88,376 | +€21,460 | +32.1% |
| Financial debts | 43 | €702 | €17 | -€684 | -97.5% |
| Credit institutions | 430/8 | €702 | €17 | -€684 | -97.5% |
| Trade debts | 44 | €3,234 | €6,560 | +€3,326 | +103% |
| Suppliers | 440/4 | €3,234 | €6,560 | +€3,326 | +103% |
| Taxes, remuneration and social security | 45 | €62,980 | €61,798 | -€1,181 | -1.9% |
| Taxes | 450/3 | €62,980 | €61,798 | -€1,181 | -1.9% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,342 | €2,005 | -€337 | -14.4% |
| Other operating charges | 640/8 | €437 | €520 | +€82 | +18.8% |
| Gross operating margin | 9900 | €110,199 | €153,147 | +€42,948 | +39.0% |
| Operating profit (loss) | 9901 | €107,419 | €150,622 | +€43,203 | +40.2% |
| Financial income | 75/76B | €0 | €446 | +€445 | +117,145% |
| Recurring financial income | 75 | €0 | €446 | +€445 | +117,145% |
| Financial charges | 65/66B | €276 | €758 | +€482 | +175% |
| Recurring financial charges | 65 | €276 | €758 | +€482 | +175% |
| Profit (loss) for the period before taxes | 9903 | €107,144 | €150,310 | +€43,166 | +40.3% |
| Income taxes | 67/77 | €32,013 | €40,085 | +€8,072 | +25.2% |
| Profit (loss) for the period | 9904 | €75,131 | €110,225 | +€35,094 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,131 | €110,225 | +€35,094 | +46.7% |
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 19 October 2026 via checked.be.