GVS LOGISTICS: 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.
GVS LOGISTICS
Largest movements
- Receivables within one year +€40,472
up €40,472 (+80.8%), from €50,120 to €90,592
of which Trade receivables: +€43,282
- Trade debts +€51,315
up €51,315 (+115.9%), from €44,263 to €95,578
- Debts after one year -€45,000
down €45,000 (-34.3%), from €131,250 to €86,250
- Profit (loss) carried forward +€37,223
up €37,223 (+3.3%), from €1.1m to €1.2m
- Gross operating margin -€15,586
down €15,586 (-22.3%), from €69,854 to €54,268
- Taxes -€4,531
down €4,531 (-26.1%), from €17,354 to €12,823
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 | €1,624,295 | €1,663,016 | +€38,720 | +2.4% |
| Fixed assets | 21/28 | €1,557,531 | €1,557,531 | = | 0.0% |
| Financial fixed assets | 28 | €1,557,531 | €1,557,531 | = | 0.0% |
| Current assets | 29/58 | €66,764 | €105,484 | +€38,720 | +58.0% |
| Amounts receivable within one year | 40/41 | €50,120 | €90,592 | +€40,472 | +80.8% |
| Trade receivables | 40 | €44,450 | €87,732 | +€43,282 | +97.4% |
| Other amounts receivable | 41 | €5,670 | €2,860 | -€2,809 | -49.6% |
| Cash at bank and in hand | 54/58 | €16,644 | €14,892 | -€1,752 | -10.5% |
| Total equity and liabilities | 10/49 | €1,624,295 | €1,663,016 | +€38,720 | +2.4% |
| Equity | 10/15 | €1,384,611 | €1,421,834 | +€37,223 | +2.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €64,350 | €64,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,350 | €44,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,120,261 | €1,157,484 | +€37,223 | +3.3% |
| Amounts payable | 17/49 | €239,684 | €241,182 | +€1,497 | +0.6% |
| Amounts payable after more than one year | 17 | €131,250 | €86,250 | -€45,000 | -34.3% |
| Financial debts | 170/4 | €131,250 | €86,250 | -€45,000 | -34.3% |
| Amounts payable within one year | 42/48 | €108,434 | €154,932 | +€46,497 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €44,263 | €95,578 | +€51,315 | +115.9% |
| Suppliers | 440/4 | €44,263 | €95,578 | +€51,315 | +115.9% |
| Taxes, remuneration and social security | 45 | €19,171 | €14,354 | -€4,817 | -25.1% |
| Taxes | 450/3 | €19,171 | €14,354 | -€4,817 | -25.1% |
| Other operating charges | 640/8 | €1,115 | €1,145 | +€31 | +2.8% |
| Gross operating margin | 9900 | €69,854 | €54,268 | -€15,586 | -22.3% |
| Operating profit (loss) | 9901 | €68,739 | €53,122 | -€15,617 | -22.7% |
| Financial income | 75/76B | €21 | €13 | -€8 | -36.8% |
| Recurring financial income | 75 | €21 | €13 | -€8 | -36.8% |
| Financial charges | 65/66B | €3,614 | €3,090 | -€525 | -14.5% |
| Recurring financial charges | 65 | €3,614 | €3,090 | -€525 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €65,146 | €50,045 | -€15,100 | -23.2% |
| Income taxes | 67/77 | €17,354 | €12,823 | -€4,531 | -26.1% |
| Profit (loss) for the period | 9904 | €47,792 | €37,223 | -€10,569 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,792 | €37,223 | -€10,569 | -22.1% |
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 9 October 2026 via checked.be.