GVO SERVICE: what changed
GVO SERVICE
Largest movements
- Tangible fixed assets +€108,108
up €108,108 (+82.0%), from €131,875 to €239,983
of which Plant, machinery and equipment: +€96,449
- Cash -€10,365
down €10,365 (-43.9%), from €23,600 to €13,235
mainly Investment in fixed assets (net) (-€142,731) and Tax, wage and social debts (-€8,442)
- Receivables within one year +€3,142
up €3,142 (+5.6%), from €56,200 to €59,342
of which Trade receivables: +€7,659
- Other debts +€66,606
up €66,606 (+224%), from €29,709 to €96,315
- Profit (loss) carried forward +€43,946
up €43,946 (+86.3%), from -€50,914 to -€6,968
- Tax, wage and social debts -€8,442
down €8,442 (-57.3%), from €14,740 to €6,298
- Gross operating margin +€33,843
up €33,843 (+73.1%), from €46,268 to €80,111
- Depreciation +€22,791
up €22,791 (+193%), from €11,832 to €34,624
- Financial charges +€1,223
up €1,223 (+3,102%), from €39 to €1,263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,675 | €312,560 | +€100,885 | +47.7% |
| Fixed assets | 21/28 | €131,875 | €239,983 | +€108,108 | +82.0% |
| Tangible fixed assets | 22/27 | €131,875 | €239,983 | +€108,108 | +82.0% |
| Land and buildings | 22 | €13,239 | €11,645 | -€1,594 | -12.0% |
| Plant, machinery and equipment | 23 | €113,717 | €210,166 | +€96,449 | +84.8% |
| Furniture and vehicles | 24 | €4,919 | €18,171 | +€13,253 | +269% |
| Current assets | 29/58 | €79,800 | €72,577 | -€7,223 | -9.1% |
| Amounts receivable within one year | 40/41 | €56,200 | €59,342 | +€3,142 | +5.6% |
| Trade receivables | 40 | €29,625 | €37,285 | +€7,659 | +25.9% |
| Other amounts receivable | 41 | €26,575 | €22,057 | -€4,518 | -17.0% |
| Cash at bank and in hand | 54/58 | €23,600 | €13,235 | -€10,365 | -43.9% |
| Total equity and liabilities | 10/49 | €211,675 | €312,560 | +€100,885 | +47.7% |
| Equity | 10/15 | €165,086 | €209,032 | +€43,946 | +26.6% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,914 | -€6,968 | +€43,946 | +86.3% |
| Amounts payable | 17/49 | €46,589 | €103,528 | +€56,939 | +122% |
| Amounts payable within one year | 42/48 | €46,589 | €103,528 | +€56,939 | +122% |
| Trade debts | 44 | €2,139 | €914 | -€1,225 | -57.3% |
| Suppliers | 440/4 | €2,139 | €914 | -€1,225 | -57.3% |
| Taxes, remuneration and social security | 45 | €14,740 | €6,298 | -€8,442 | -57.3% |
| Taxes | 450/3 | €14,740 | €6,298 | -€8,442 | -57.3% |
| Other amounts payable | 47/48 | €29,709 | €96,315 | +€66,606 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,832 | €34,624 | +€22,791 | +193% |
| Other operating charges | 640/8 | €276 | €279 | +€4 | +1.3% |
| Gross operating margin | 9900 | €46,268 | €80,111 | +€33,843 | +73.1% |
| Operating profit (loss) | 9901 | €34,161 | €45,209 | +€11,048 | +32.3% |
| Financial charges | 65/66B | €39 | €1,263 | +€1,223 | +3,102% |
| Recurring financial charges | 65 | €39 | €1,263 | +€1,223 | +3,102% |
| Profit (loss) for the period before taxes | 9903 | €34,121 | €43,946 | +€9,825 | +28.8% |
| Profit (loss) for the period | 9904 | €34,121 | €43,946 | +€9,825 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,121 | €43,946 | +€9,825 | +28.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.