GVT: 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.
GVT
Largest movements
- Cash +€6,570
up €6,570 (+24.5%), from €26,845 to €33,415
mainly Net result for the year (+€11,033) and Other debts (+€1,989)
- Receivables within one year +€3,645
up €3,645 (+60.4%), from €6,035 to €9,680
- Reserves +€11,033
up €11,033 (+179%), from €6,166 to €17,199
- Tax, wage and social debts -€2,271
down €2,271 (-28.3%), from €8,034 to €5,763
- Other debts +€1,989
up €1,989 (+31.0%), from €6,420 to €8,409
- Trade debts -€1,259
down €1,259 (-33.7%), from €3,740 to €2,481
- Accrued charges and deferred income +€805
up €805 (+31.9%), from €2,520 to €3,325
- Gross operating margin +€7,819
up €7,819 (+81.6%), from €9,583 to €17,403
- Other operating charges +€1,485
up €1,485 (+386%), from €384 to €1,870
- Taxes +€1,480
up €1,480 (+49.8%), from €2,973 to €4,452
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 | €32,880 | €43,177 | +€10,297 | +31.3% |
| Current assets | 29/58 | €32,880 | €43,177 | +€10,297 | +31.3% |
| Amounts receivable within one year | 40/41 | €6,035 | €9,680 | +€3,645 | +60.4% |
| Trade receivables | 40 | €6,035 | €9,680 | +€3,645 | +60.4% |
| Cash at bank and in hand | 54/58 | €26,845 | €33,415 | +€6,570 | +24.5% |
| Deferred charges and accrued income | 490/1 | - | €82 | +€82 | |
| Total equity and liabilities | 10/49 | €32,880 | €43,177 | +€10,297 | +31.3% |
| Equity | 10/15 | €12,166 | €23,199 | +€11,033 | +90.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €6,166 | €17,199 | +€11,033 | +179% |
| Distributable reserves | 133 | €6,166 | €17,199 | +€11,033 | +179% |
| Amounts payable | 17/49 | €20,714 | €19,978 | -€736 | -3.6% |
| Amounts payable within one year | 42/48 | €18,194 | €16,654 | -€1,541 | -8.5% |
| Trade debts | 44 | €3,740 | €2,481 | -€1,259 | -33.7% |
| Suppliers | 440/4 | €3,740 | €2,481 | -€1,259 | -33.7% |
| Taxes, remuneration and social security | 45 | €8,034 | €5,763 | -€2,271 | -28.3% |
| Taxes | 450/3 | €8,034 | €5,763 | -€2,271 | -28.3% |
| Other amounts payable | 47/48 | €6,420 | €8,409 | +€1,989 | +31.0% |
| Accrued charges and deferred income | 492/3 | €2,520 | €3,325 | +€805 | +31.9% |
| Other operating charges | 640/8 | €384 | €1,870 | +€1,485 | +386% |
| Gross operating margin | 9900 | €9,583 | €17,403 | +€7,819 | +81.6% |
| Operating profit (loss) | 9901 | €9,199 | €15,533 | +€6,334 | +68.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €61 | €47 | -€13 | -21.8% |
| Recurring financial charges | 65 | €61 | €47 | -€13 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €9,138 | €15,486 | +€6,347 | +69.5% |
| Income taxes | 67/77 | €2,973 | €4,452 | +€1,480 | +49.8% |
| Profit (loss) for the period | 9904 | €6,166 | €11,033 | +€4,867 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,166 | €11,033 | +€4,867 | +78.9% |
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.