GVTL: 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.
GVTL
Largest movements
- Receivables within one year -€901
down €901 (-59.9%), from €1,505 to €604
- Profit (loss) carried forward -€1,314
down €1,314 (-1.4%), from -€93,339 to -€94,653
- Other debts +€461
up €461 (+1.1%), from €43,796 to €44,257
- Short-term financial debts -€48
no longer reported in 2025 (was €48)
- Write-downs +€4,000
no longer reported in 2025 (was -€4,000)
- Gross operating margin +€1,559
up €1,559 (+81.2%), from -€1,919 to -€360
- Taxes +€954
new in 2025: €954
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,505 | €604 | -€901 | -59.9% |
| Current assets | 29/58 | €1,505 | €604 | -€901 | -59.9% |
| Amounts receivable within one year | 40/41 | €1,505 | €604 | -€901 | -59.9% |
| Other amounts receivable | 41 | €1,505 | €604 | -€901 | -59.9% |
| Total equity and liabilities | 10/49 | €1,505 | €604 | -€901 | -59.9% |
| Equity | 10/15 | -€43,339 | -€44,653 | -€1,314 | -3.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,339 | -€94,653 | -€1,314 | -1.4% |
| Amounts payable | 17/49 | €44,844 | €45,257 | +€413 | +0.9% |
| Amounts payable within one year | 42/48 | €44,844 | €45,257 | +€413 | +0.9% |
| Financial debts | 43 | €48 | - | -€48 | |
| Other loans | 439 | €48 | - | -€48 | |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €43,796 | €44,257 | +€461 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,000 | - | +€4,000 | |
| Gross operating margin | 9900 | -€1,919 | -€360 | +€1,559 | +81.2% |
| Operating profit (loss) | 9901 | €2,081 | -€360 | -€2,441 | |
| Profit (loss) for the period before taxes | 9903 | €2,081 | -€360 | -€2,441 | |
| Income taxes | 67/77 | - | €954 | +€954 | |
| Profit (loss) for the period | 9904 | €2,081 | -€1,314 | -€3,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,081 | -€1,314 | -€3,395 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.