GVO 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.
GVO CONSULT
Largest movements
- Cash +€35,288
up €35,288 (+146%), from €24,099 to €59,388
mainly Net result for the year (+€45,700) and Depreciation (+€10,847)
- Receivables within one year +€27,129
up €27,129 (+12.2%), from €221,601 to €248,730
of which Other amounts receivable: +€49,556
- Intangible fixed assets -€6,675
down €6,675 (-54.5%), from €12,238 to €5,563
- Reserves +€45,700
up €45,700 (+18.1%), from €252,411 to €298,111
of which Distributable reserves: +€45,700
- Tax, wage and social debts +€9,624
up €9,624 (+45.7%), from €21,077 to €30,701
of which Taxes: +€8,816
- Gross operating margin +€57,666
up €57,666 (+118%), from €48,737 to €106,403
- Taxes +€11,886
up €11,886 (+138%), from €8,605 to €20,491
- Other operating charges +€10,116
up €10,116 (+233%), from €4,345 to €14,461
- Staff costs +€7,596
up €7,596 (+788%), from €964 to €8,560
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,063 | €474,281 | +€57,218 | +13.7% |
| Fixed assets | 21/28 | €171,363 | €166,163 | -€5,200 | -3.0% |
| Intangible fixed assets | 21 | €12,238 | €5,563 | -€6,675 | -54.5% |
| Tangible fixed assets | 22/27 | €159,125 | €160,600 | +€1,476 | +0.9% |
| Land and buildings | 22 | €138,868 | €138,436 | -€432 | -0.3% |
| Plant, machinery and equipment | 23 | €420 | €189 | -€231 | -55.0% |
| Furniture and vehicles | 24 | €8,283 | €13,445 | +€5,162 | +62.3% |
| Other tangible fixed assets | 26 | €11,554 | €8,530 | -€3,023 | -26.2% |
| Current assets | 29/58 | €245,700 | €308,118 | +€62,418 | +25.4% |
| Amounts receivable within one year | 40/41 | €221,601 | €248,730 | +€27,129 | +12.2% |
| Trade receivables | 40 | €56,705 | €34,278 | -€22,427 | -39.6% |
| Other amounts receivable | 41 | €164,896 | €214,452 | +€49,556 | +30.1% |
| Cash at bank and in hand | 54/58 | €24,099 | €59,388 | +€35,288 | +146% |
| Total equity and liabilities | 10/49 | €417,063 | €474,281 | +€57,218 | +13.7% |
| Equity | 10/15 | €271,011 | €316,711 | +€45,700 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,411 | €298,111 | +€45,700 | +18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €250,551 | €296,251 | +€45,700 | +18.2% |
| Amounts payable | 17/49 | €146,051 | €157,569 | +€11,518 | +7.9% |
| Amounts payable after more than one year | 17 | €110,771 | €110,771 | = | 0.0% |
| Financial debts | 170/4 | €110,771 | €110,771 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,280 | €46,402 | +€11,121 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €11,976 | €14,135 | +€2,160 | +18.0% |
| Trade debts | 44 | €2,228 | €1,565 | -€662 | -29.7% |
| Suppliers | 440/4 | €2,228 | €1,565 | -€662 | -29.7% |
| Taxes, remuneration and social security | 45 | €21,077 | €30,701 | +€9,624 | +45.7% |
| Taxes | 450/3 | €21,077 | €29,893 | +€8,816 | +41.8% |
| Remuneration and social security | 454/9 | - | €808 | +€808 | |
| Accrued charges and deferred income | 492/3 | - | €397 | +€397 | |
| Remuneration, social security and pensions | 62 | €964 | €8,560 | +€7,596 | +788% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,880 | €10,847 | -€32 | -0.3% |
| Other operating charges | 640/8 | €4,345 | €14,461 | +€10,116 | +233% |
| Non-recurring operating charges | 66A | €612 | €117 | -€496 | -80.9% |
| Gross operating margin | 9900 | €48,737 | €106,403 | +€57,666 | +118% |
| Operating profit (loss) | 9901 | €31,936 | €72,419 | +€40,482 | +127% |
| Financial charges | 65/66B | €6,650 | €6,227 | -€423 | -6.4% |
| Recurring financial charges | 65 | €6,650 | €6,227 | -€423 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €25,286 | €66,192 | +€40,905 | +162% |
| Income taxes | 67/77 | €8,605 | €20,491 | +€11,886 | +138% |
| Profit (loss) for the period | 9904 | €16,681 | €45,700 | +€29,019 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €16,681 | €45,700 | +€29,019 | +174% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.