GVS SERVICE: 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 SERVICE
Largest movements
- Intangible fixed assets -€8,000
down €8,000 (-11.9%), from €67,112 to €59,112
- Receivables within one year -€2,799
down €2,799 (-61.5%), from €4,551 to €1,752
- Tangible fixed assets +€2,212
new in 2025: €2,212
- Cash -€1,845
down €1,845 (-26.8%), from €6,881 to €5,035
mainly Net result for the year (-€23,406) and Investment in fixed assets (net) (-€2,450)
- Profit (loss) carried forward -€23,406
down €23,406 (-32.5%), from -€71,986 to -€95,391
- Other debts +€14,248
up €14,248 (+12.0%), from €118,973 to €133,221
- Tax, wage and social debts -€1,512
down €1,512 (-5.7%), from €26,751 to €25,239
of which Taxes: -€1,876
- Trade debts -€1,045
down €1,045 (-28.1%), from €3,716 to €2,671
- Gross operating margin +€34,769
up €34,769 (+75.2%), from -€46,218 to -€11,449
- Staff costs -€6,940
down €6,940 (-72.0%), from €9,635 to €2,695
- Depreciation -€6,640
down €6,640 (-44.6%), from €14,877 to €8,238
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 | €80,455 | €68,740 | -€11,715 | -14.6% |
| Fixed assets | 21/28 | €67,112 | €61,325 | -€5,788 | -8.6% |
| Intangible fixed assets | 21 | €67,112 | €59,112 | -€8,000 | -11.9% |
| Tangible fixed assets | 22/27 | - | €2,212 | +€2,212 | |
| Other tangible fixed assets | 26 | - | €2,212 | +€2,212 | |
| Current assets | 29/58 | €13,343 | €7,416 | -€5,927 | -44.4% |
| Stocks and contracts in progress | 3 | €1,428 | €629 | -€800 | -56.0% |
| Stocks | 30/36 | €1,428 | €629 | -€800 | -56.0% |
| Amounts receivable within one year | 40/41 | €4,551 | €1,752 | -€2,799 | -61.5% |
| Trade receivables | 40 | €4,551 | €1,752 | -€2,799 | -61.5% |
| Cash at bank and in hand | 54/58 | €6,881 | €5,035 | -€1,845 | -26.8% |
| Deferred charges and accrued income | 490/1 | €483 | - | -€483 | |
| Total equity and liabilities | 10/49 | €80,455 | €68,740 | -€11,715 | -14.6% |
| Equity | 10/15 | -€68,986 | -€92,391 | -€23,406 | -33.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,986 | -€95,391 | -€23,406 | -32.5% |
| Amounts payable | 17/49 | €149,441 | €161,132 | +€11,691 | +7.8% |
| Amounts payable within one year | 42/48 | €149,441 | €161,132 | +€11,691 | +7.8% |
| Trade debts | 44 | €3,716 | €2,671 | -€1,045 | -28.1% |
| Suppliers | 440/4 | €3,716 | €2,671 | -€1,045 | -28.1% |
| Taxes, remuneration and social security | 45 | €26,751 | €25,239 | -€1,512 | -5.7% |
| Taxes | 450/3 | €3,888 | €2,012 | -€1,876 | -48.3% |
| Remuneration and social security | 454/9 | €22,863 | €23,227 | +€364 | +1.6% |
| Other amounts payable | 47/48 | €118,973 | €133,221 | +€14,248 | +12.0% |
| Remuneration, social security and pensions | 62 | €9,635 | €2,695 | -€6,940 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,877 | €8,238 | -€6,640 | -44.6% |
| Other operating charges | 640/8 | €1,053 | €844 | -€209 | -19.8% |
| Gross operating margin | 9900 | -€46,218 | -€11,449 | +€34,769 | +75.2% |
| Operating profit (loss) | 9901 | -€71,784 | -€23,226 | +€48,558 | +67.6% |
| Financial income | 75/76B | €23 | €43 | +€20 | +86.4% |
| Recurring financial income | 75 | €23 | €43 | +€20 | +86.4% |
| Financial charges | 65/66B | €225 | €223 | -€2 | -1.0% |
| Recurring financial charges | 65 | €225 | €223 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,986 | -€23,406 | +€48,580 | +67.5% |
| Profit (loss) for the period | 9904 | -€71,986 | -€23,406 | +€48,580 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,986 | -€23,406 | +€48,580 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.