GVT ELECTRICS: 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 ELECTRICS
Largest movements
- Receivables within one year -€4,117
down €4,117 (-43.6%), from €9,432 to €5,315
of which Trade receivables: -€5,313
- Cash -€1,704
down €1,704 (-3.6%), from €47,200 to €45,496
mainly Contributions, distributions and other (-€32,839) and Other debts (-€3,045)
- Deferred charges and accrued income +€1,227
up €1,227 (+171%), from €716 to €1,943
- Other debts -€3,045
down €3,045 (-9.5%), from €31,989 to €28,944
- Current portion of long-term debt -€1,822
no longer reported in 2025 (was €1,822)
- Trade debts +€1,597
up €1,597 (+1,598%), from €100 to €1,697
- Tax, wage and social debts -€1,465
down €1,465 (-13.6%), from €10,780 to €9,316
- Gross operating margin -€4,300
down €4,300 (-8.5%), from €50,600 to €46,300
- Financial charges +€1,214
up €1,214 (+105%), from €1,152 to €2,366
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 | €63,464 | €58,557 | -€4,907 | -7.7% |
| Fixed assets | 21/28 | €6,117 | €5,802 | -€314 | -5.1% |
| Tangible fixed assets | 22/27 | €6,117 | €5,802 | -€314 | -5.1% |
| Plant, machinery and equipment | 23 | €5,765 | €5,513 | -€252 | -4.4% |
| Furniture and vehicles | 24 | €351 | €289 | -€62 | -17.7% |
| Current assets | 29/58 | €57,348 | €52,754 | -€4,593 | -8.0% |
| Amounts receivable within one year | 40/41 | €9,432 | €5,315 | -€4,117 | -43.6% |
| Trade receivables | 40 | €9,208 | €3,895 | -€5,313 | -57.7% |
| Other amounts receivable | 41 | €223 | €1,420 | +€1,196 | +535% |
| Cash at bank and in hand | 54/58 | €47,200 | €45,496 | -€1,704 | -3.6% |
| Deferred charges and accrued income | 490/1 | €716 | €1,943 | +€1,227 | +171% |
| Total equity and liabilities | 10/49 | €63,464 | €58,557 | -€4,907 | -7.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €44,864 | €39,957 | -€4,907 | -10.9% |
| Amounts payable within one year | 42/48 | €44,691 | €39,957 | -€4,734 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €1,822 | - | -€1,822 | |
| Trade debts | 44 | €100 | €1,697 | +€1,597 | +1,598% |
| Suppliers | 440/4 | €100 | €1,697 | +€1,597 | +1,598% |
| Taxes, remuneration and social security | 45 | €10,780 | €9,316 | -€1,465 | -13.6% |
| Taxes | 450/3 | €10,780 | €9,316 | -€1,465 | -13.6% |
| Other amounts payable | 47/48 | €31,989 | €28,944 | -€3,045 | -9.5% |
| Accrued charges and deferred income | 492/3 | €174 | - | -€174 | |
| Non-recurring operating income | 76A | €12,605 | - | -€12,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,753 | €1,725 | -€28 | -1.6% |
| Other operating charges | 640/8 | €344 | €120 | -€224 | -65.1% |
| Gross operating margin | 9900 | €50,600 | €46,300 | -€4,300 | -8.5% |
| Operating profit (loss) | 9901 | €48,503 | €44,455 | -€4,048 | -8.3% |
| Financial income | 75/76B | €96 | €224 | +€129 | +135% |
| Recurring financial income | 75 | €96 | €224 | +€129 | +135% |
| Financial charges | 65/66B | €1,152 | €2,366 | +€1,214 | +105% |
| Recurring financial charges | 65 | €1,152 | €2,366 | +€1,214 | +105% |
| Profit (loss) for the period before taxes | 9903 | €47,447 | €42,314 | -€5,133 | -10.8% |
| Income taxes | 67/77 | €9,846 | €9,475 | -€371 | -3.8% |
| Profit (loss) for the period | 9904 | €37,601 | €32,839 | -€4,762 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,601 | €32,839 | -€4,762 | -12.7% |
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 22 October 2026 via checked.be.