GVV Projects: 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.
GVV Projects
Largest movements
- Receivables within one year +€66,550
up €66,550 (+110.0%), from €60,500 to €127,050
- Tangible fixed assets +€19,045
up €19,045 (+488.5%), from €3,899 to €22,944
- Cash +€8,284
up €8,284 (+87.6%), from €9,456 to €17,740
mainly Other debts (+€122,097) and Net result for the year (+€62,955)
- Other debts +€122,097
up €122,097 (+20114.8%), from €607 to €122,704
- Reserves -€45,936
no longer reported in 2025 (was €45,936)
- Tax, wage and social debts +€18,191
up €18,191 (+182.1%), from €9,988 to €28,179
- Gross operating margin +€68,658
up €68,658 (+330.5%), from €20,771 to €89,429
- Taxes +€12,094
up €12,094 (+284.6%), from €4,249 to €16,343
- Depreciation +€8,379
up €8,379 (+772.3%), from €1,085 to €9,464
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 | €77,057 | €169,850 | +€92,793 | +120.4% |
| Fixed assets | 21/28 | €3,899 | €22,944 | +€19,045 | +488.5% |
| Tangible fixed assets | 22/27 | €3,899 | €22,944 | +€19,045 | +488.5% |
| Furniture and vehicles | 24 | €3,899 | €22,944 | +€19,045 | +488.5% |
| Current assets | 29/58 | €73,158 | €146,906 | +€73,748 | +100.8% |
| Amounts receivable within one year | 40/41 | €60,500 | €127,050 | +€66,550 | +110.0% |
| Trade receivables | 40 | €60,500 | €127,050 | +€66,550 | +110.0% |
| Cash at bank and in hand | 54/58 | €9,456 | €17,740 | +€8,284 | +87.6% |
| Deferred charges and accrued income | 490/1 | €3,202 | €2,116 | -€1,086 | -33.9% |
| Total equity and liabilities | 10/49 | €77,057 | €169,850 | +€92,793 | +120.4% |
| Equity | 10/15 | €64,536 | €18,600 | -€45,936 | -71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,936 | - | -€45,936 | |
| Distributable reserves | 133 | €45,936 | - | -€45,936 | |
| Amounts payable | 17/49 | €12,521 | €151,250 | +€138,729 | +1108.0% |
| Amounts payable within one year | 42/48 | €12,521 | €151,250 | +€138,729 | +1108.0% |
| Trade debts | 44 | €1,926 | €367 | -€1,559 | -80.9% |
| Suppliers | 440/4 | €1,926 | €367 | -€1,559 | -80.9% |
| Taxes, remuneration and social security | 45 | €9,988 | €28,179 | +€18,191 | +182.1% |
| Taxes | 450/3 | €9,988 | €28,179 | +€18,191 | +182.1% |
| Other amounts payable | 47/48 | €607 | €122,704 | +€122,097 | +20114.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €9,464 | +€8,379 | +772.3% |
| Other operating charges | 640/8 | €502 | €387 | -€115 | -22.9% |
| Gross operating margin | 9900 | €20,771 | €89,429 | +€68,658 | +330.5% |
| Operating profit (loss) | 9901 | €19,184 | €79,578 | +€60,394 | +314.8% |
| Financial charges | 65/66B | €1,084 | €280 | -€804 | -74.2% |
| Recurring financial charges | 65 | €1,084 | €280 | -€804 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €18,100 | €79,298 | +€61,198 | +338.1% |
| Income taxes | 67/77 | €4,249 | €16,343 | +€12,094 | +284.6% |
| Profit (loss) for the period | 9904 | €13,851 | €62,955 | +€49,104 | +354.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,851 | €62,955 | +€49,104 | +354.5% |
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 2 October 2026 via checked.be.