GVT Tuinen: what changed
GVT Tuinen
Largest movements
- Receivables within one year +€14,221
up €14,221 (+87.2%), from €16,315 to €30,536
of which Trade receivables: +€9,822
- Tangible fixed assets +€6,829
up €6,829 (+9.3%), from €73,615 to €80,444
of which Furniture and vehicles: +€5,477
- Cash -€4,781
down €4,781 (-10.2%), from €47,023 to €42,243
mainly Investment in fixed assets (net) (-€40,445) and Receivables within one year (-€14,221)
- Deferred charges and accrued income -€1,844
down €1,844 (-41.3%), from €4,465 to €2,622
- Reserves +€6,096
up €6,096 (+8.0%), from €76,387 to €82,482
- Debts after one year +€4,376
up €4,376 (+11.4%), from €38,294 to €42,670
- Trade debts +€2,157
up €2,157 (+48.3%), from €4,465 to €6,622
- Current portion of long-term debt +€1,884
up €1,884 (+11.8%), from €15,929 to €17,814
- Depreciation +€12,378
up €12,378 (+58.3%), from €21,239 to €33,617
- Gross operating margin +€5,634
up €5,634 (+14.4%), from €39,203 to €44,837
- Taxes -€1,698
down €1,698 (-40.8%), from €4,160 to €2,462
- Financial charges +€1,565
up €1,565 (+123%), from €1,271 to €2,836
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,419 | €155,844 | +€14,426 | +10.2% |
| Fixed assets | 21/28 | €73,615 | €80,444 | +€6,829 | +9.3% |
| Tangible fixed assets | 22/27 | €73,615 | €80,444 | +€6,829 | +9.3% |
| Plant, machinery and equipment | 23 | €9,242 | €10,594 | +€1,351 | +14.6% |
| Furniture and vehicles | 24 | €64,373 | €69,850 | +€5,477 | +8.5% |
| Current assets | 29/58 | €67,804 | €75,401 | +€7,597 | +11.2% |
| Amounts receivable within one year | 40/41 | €16,315 | €30,536 | +€14,221 | +87.2% |
| Trade receivables | 40 | €1,141 | €10,963 | +€9,822 | +861% |
| Other amounts receivable | 41 | €15,174 | €19,573 | +€4,399 | +29.0% |
| Cash at bank and in hand | 54/58 | €47,023 | €42,243 | -€4,781 | -10.2% |
| Deferred charges and accrued income | 490/1 | €4,465 | €2,622 | -€1,844 | -41.3% |
| Total equity and liabilities | 10/49 | €141,419 | €155,844 | +€14,426 | +10.2% |
| Equity | 10/15 | €78,387 | €84,482 | +€6,096 | +7.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €76,387 | €82,482 | +€6,096 | +8.0% |
| Distributable reserves | 133 | €76,387 | €82,482 | +€6,096 | +8.0% |
| Amounts payable | 17/49 | €63,032 | €71,362 | +€8,330 | +13.2% |
| Amounts payable after more than one year | 17 | €38,294 | €42,670 | +€4,376 | +11.4% |
| Financial debts | 170/4 | €38,294 | €42,670 | +€4,376 | +11.4% |
| Amounts payable within one year | 42/48 | €24,738 | €28,182 | +€3,444 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €15,929 | €17,814 | +€1,884 | +11.8% |
| Trade debts | 44 | €4,465 | €6,622 | +€2,157 | +48.3% |
| Suppliers | 440/4 | €4,465 | €6,622 | +€2,157 | +48.3% |
| Taxes, remuneration and social security | 45 | €4,343 | €3,746 | -€598 | -13.8% |
| Taxes | 450/3 | €4,343 | €3,746 | -€598 | -13.8% |
| Accrued charges and deferred income | 492/3 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,239 | €33,617 | +€12,378 | +58.3% |
| Other operating charges | 640/8 | €697 | €686 | -€12 | -1.7% |
| Gross operating margin | 9900 | €39,203 | €44,837 | +€5,634 | +14.4% |
| Operating profit (loss) | 9901 | €17,268 | €10,535 | -€6,733 | -39.0% |
| Financial income | 75/76B | €731 | €859 | +€128 | +17.5% |
| Recurring financial income | 75 | €731 | €859 | +€128 | +17.5% |
| Financial charges | 65/66B | €1,271 | €2,836 | +€1,565 | +123% |
| Recurring financial charges | 65 | €1,271 | €2,836 | +€1,565 | +123% |
| Profit (loss) for the period before taxes | 9903 | €16,728 | €8,558 | -€8,170 | -48.8% |
| Income taxes | 67/77 | €4,160 | €2,462 | -€1,698 | -40.8% |
| Profit (loss) for the period | 9904 | €12,568 | €6,096 | -€6,472 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,568 | €6,096 | -€6,472 | -51.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.