GVP ADVENTURES: 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.
GVP ADVENTURES
Largest movements
- Tangible fixed assets +€11,154
up €11,154 (+46.8%), from €23,812 to €34,966
of which Other tangible fixed assets: +€19,465
- Receivables within one year -€10,152
down €10,152 (-76.5%), from €13,272 to €3,120
of which Trade receivables: -€11,826
- Cash +€8,459
up €8,459 (+258%), from €3,283 to €11,742
mainly Other debts (+€57,379) and Receivables within one year (+€10,152)
- Other debts +€57,379
up €57,379 (+135%), from €42,607 to €99,986
- Advances received -€21,950
down €21,950 (-100%), from €21,950 to €0
- Profit (loss) carried forward -€9,203
down €9,203 (-16.6%), from -€55,495 to -€64,698
- Trade debts -€7,844
down €7,844 (-97.6%), from €8,039 to €194
- Current portion of long-term debt -€3,965
down €3,965 (-58.0%), from €6,832 to €2,867
- Gross operating margin -€19,610
down €19,610 (-69.7%), from €28,136 to €8,526
- Staff costs +€5,586
up €5,586 (+916%), from €610 to €6,196
- Depreciation +€1,914
up €1,914 (+23.6%), from €8,108 to €10,021
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 | €40,786 | €49,827 | +€9,041 | +22.2% |
| Fixed assets | 21/28 | €23,812 | €34,966 | +€11,154 | +46.8% |
| Tangible fixed assets | 22/27 | €23,812 | €34,966 | +€11,154 | +46.8% |
| Plant, machinery and equipment | 23 | €8,475 | €7,595 | -€880 | -10.4% |
| Furniture and vehicles | 24 | €9,854 | €2,423 | -€7,431 | -75.4% |
| Other tangible fixed assets | 26 | €5,482 | €24,947 | +€19,465 | +355% |
| Current assets | 29/58 | €16,974 | €14,862 | -€2,113 | -12.4% |
| Amounts receivable within one year | 40/41 | €13,272 | €3,120 | -€10,152 | -76.5% |
| Trade receivables | 40 | €13,272 | €1,446 | -€11,826 | -89.1% |
| Other amounts receivable | 41 | €0 | €1,674 | +€1,674 | |
| Cash at bank and in hand | 54/58 | €3,283 | €11,742 | +€8,459 | +258% |
| Deferred charges and accrued income | 490/1 | €419 | €0 | -€419 | -100% |
| Total equity and liabilities | 10/49 | €40,786 | €49,827 | +€9,041 | +22.2% |
| Equity | 10/15 | -€45,495 | -€54,698 | -€9,203 | -20.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,495 | -€64,698 | -€9,203 | -16.6% |
| Amounts payable | 17/49 | €86,281 | €104,525 | +€18,245 | +21.1% |
| Amounts payable after more than one year | 17 | €2,867 | €0 | -€2,867 | -100% |
| Financial debts | 170/4 | €2,867 | €0 | -€2,867 | -100% |
| Amounts payable within one year | 42/48 | €83,414 | €104,525 | +€21,111 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €6,832 | €2,867 | -€3,965 | -58.0% |
| Trade debts | 44 | €8,039 | €194 | -€7,844 | -97.6% |
| Suppliers | 440/4 | €8,039 | €194 | -€7,844 | -97.6% |
| Advances received on contracts in progress | 46 | €21,950 | €0 | -€21,950 | -100% |
| Taxes, remuneration and social security | 45 | €3,986 | €1,478 | -€2,508 | -62.9% |
| Taxes | 450/3 | €3,986 | €0 | -€3,986 | -100% |
| Remuneration and social security | 454/9 | €0 | €1,478 | +€1,478 | |
| Other amounts payable | 47/48 | €42,607 | €99,986 | +€57,379 | +135% |
| Remuneration, social security and pensions | 62 | €610 | €6,196 | +€5,586 | +916% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,108 | €10,021 | +€1,914 | +23.6% |
| Other operating charges | 640/8 | €1,563 | €1,381 | -€182 | -11.7% |
| Non-recurring operating charges | 66A | €102 | €0 | -€102 | -100% |
| Gross operating margin | 9900 | €28,136 | €8,526 | -€19,610 | -69.7% |
| Operating profit (loss) | 9901 | €17,753 | -€9,073 | -€26,826 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €320 | €131 | -€189 | -59.1% |
| Recurring financial charges | 65 | €320 | €131 | -€189 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €17,433 | -€9,203 | -€26,637 | |
| Income taxes | 67/77 | €59 | €0 | -€59 | -100% |
| Profit (loss) for the period | 9904 | €17,374 | -€9,203 | -€26,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,374 | -€9,203 | -€26,577 |
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 18 October 2026 via checked.be.