GVT: what changed
Two fiscal 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.
GVT
Largest movements
- Receivables within one year -€110,151
down €110,151 (-98.7%), from €111,601 to €1,450
of which Trade receivables: -€60,500
- Cash +€76,493
up €76,493 (+535.3%), from €14,290 to €90,783
mainly Receivables within one year (+€110,151) and Net result for the year (+€56,459)
- Tangible fixed assets +€5,676
up €5,676 (+263.7%), from €2,153 to €7,829
of which Land and buildings: +€3,519
- Other debts -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Profit (loss) carried forward +€56,459
up €56,459 (+187.1%), from €30,175 to €86,634
- Tax, wage and social debts -€19,225
down €19,225 (-69.8%), from €27,530 to €8,305
- Short-term financial debts +€8,349
up €8,349 (+199.7%), from €4,182 to €12,531
- Trade debts -€3,565
down €3,565 (-69.1%), from €5,157 to €1,592
- Gross operating margin -€7,478
down €7,478 (-9.4%), from €79,788 to €72,311
- Taxes -€1,547
down €1,547 (-9.0%), from €17,157 to €15,609
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 | €140,044 | €112,062 | -€27,982 | -20.0% |
| Fixed assets | 21/28 | €2,153 | €7,829 | +€5,676 | +263.7% |
| Tangible fixed assets | 22/27 | €2,153 | €7,829 | +€5,676 | +263.7% |
| Land and buildings | 22 | €1,452 | €4,970 | +€3,519 | +242.4% |
| Plant, machinery and equipment | 23 | - | €1,248 | +€1,248 | |
| Furniture and vehicles | 24 | €701 | €1,610 | +€909 | +129.7% |
| Current assets | 29/58 | €137,891 | €104,233 | -€33,658 | -24.4% |
| Amounts receivable within one year | 40/41 | €111,601 | €1,450 | -€110,151 | -98.7% |
| Trade receivables | 40 | €60,500 | €0 | -€60,500 | -100.0% |
| Other amounts receivable | 41 | €51,101 | €1,450 | -€49,651 | -97.2% |
| Cash at bank and in hand | 54/58 | €14,290 | €90,783 | +€76,493 | +535.3% |
| Deferred charges and accrued income | 490/1 | €12,000 | €12,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €140,044 | €112,062 | -€27,982 | -20.0% |
| Equity | 10/15 | €31,175 | €87,634 | +€56,459 | +181.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,175 | €86,634 | +€56,459 | +187.1% |
| Amounts payable | 17/49 | €108,869 | €24,428 | -€84,441 | -77.6% |
| Amounts payable within one year | 42/48 | €106,869 | €22,428 | -€84,441 | -79.0% |
| Financial debts | 43 | €4,182 | €12,531 | +€8,349 | +199.7% |
| Other loans | 439 | €4,182 | €12,531 | +€8,349 | +199.7% |
| Trade debts | 44 | €5,157 | €1,592 | -€3,565 | -69.1% |
| Suppliers | 440/4 | €5,157 | €1,592 | -€3,565 | -69.1% |
| Taxes, remuneration and social security | 45 | €27,530 | €8,305 | -€19,225 | -69.8% |
| Taxes | 450/3 | €27,530 | €8,305 | -€19,225 | -69.8% |
| Other amounts payable | 47/48 | €70,000 | €0 | -€70,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €702 | -€455 | -39.4% |
| Other operating charges | 640/8 | €720 | €597 | -€123 | -17.1% |
| Non-recurring operating charges | 66A | - | €701 | +€701 | |
| Gross operating margin | 9900 | €79,788 | €72,311 | -€7,478 | -9.4% |
| Operating profit (loss) | 9901 | €77,911 | €70,311 | -€7,600 | -9.8% |
| Financial income | 75/76B | €1,514 | €2,220 | +€705 | +46.6% |
| Recurring financial income | 75 | €1,514 | €2,220 | +€705 | +46.6% |
| Financial charges | 65/66B | €178 | €463 | +€285 | +160.0% |
| Recurring financial charges | 65 | €178 | €463 | +€285 | +160.0% |
| Profit (loss) for the period before taxes | 9903 | €79,247 | €72,068 | -€7,179 | -9.1% |
| Income taxes | 67/77 | €17,157 | €15,609 | -€1,547 | -9.0% |
| Profit (loss) for the period | 9904 | €62,091 | €56,459 | -€5,632 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,091 | €56,459 | -€5,632 | -9.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.