GVx: 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.
GVx
Largest movements
- Current assets +€56,535
up €56,535 (+350%), from €16,163 to €72,698
of which Cash: +€44,306
- Tangible fixed assets -€35,789
down €35,789 (-2.4%), from €1.5m to €1.4m
- Debts within one year +€85,113
up €85,113 (+42.7%), from €199,288 to €284,401
of which Other debts: +€212,869
- Debts after one year -€64,794
down €64,794 (-5.7%), from €1.1m to €1.1m
- Financial charges +€20,226
new in 2022: €20,226
- Gross operating margin -€7,906
down €7,906 (-10.7%), from €73,880 to €65,975
- Other operating charges +€4,490
new in 2022: €4,490
- Taxes -€1,883
down €1,883 (-69.6%), from €2,705 to €822
From the 2021 result to the 2022 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
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 | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,483,016 | €1,503,762 | +€20,746 | +1.4% |
| Fixed assets | 21/28 | €1,466,852 | €1,431,063 | -€35,789 | -2.4% |
| Tangible fixed assets | 22/27 | €1,466,852 | €1,431,063 | -€35,789 | -2.4% |
| Land and buildings | 22 | - | €1,431,063 | +€1.4m | |
| Current assets | 29/58 | €16,163 | €72,698 | +€56,535 | +350% |
| Amounts receivable within one year | 40/41 | €44 | €19,116 | +€19,072 | +43,423% |
| Other amounts receivable | 41 | - | €19,116 | +€19,116 | |
| Cash at bank and in hand | 54/58 | €4,130 | €48,436 | +€44,306 | +1,073% |
| Deferred charges and accrued income | 490/1 | - | €5,147 | +€5,147 | |
| Total equity and liabilities | 10/49 | €1,483,016 | €1,503,762 | +€20,746 | +1.4% |
| Equity | 10/15 | €154,680 | €155,107 | +€427 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €146,620 | €147,047 | +€427 | +0.3% |
| Amounts payable | 17/49 | €1,328,336 | €1,348,655 | +€20,319 | +1.5% |
| Amounts payable after more than one year | 17 | €1,128,478 | €1,063,684 | -€64,794 | -5.7% |
| Financial debts | 170/4 | - | €1,063,684 | +€1.1m | |
| Amounts payable within one year | 42/48 | €199,288 | €284,401 | +€85,113 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | - | €68,091 | +€68,091 | |
| Trade debts | 44 | €1,722 | €3,005 | +€1,283 | +74.5% |
| Suppliers | 440/4 | - | €3,005 | +€3,005 | |
| Taxes, remuneration and social security | 45 | - | €436 | +€436 | |
| Taxes | 450/3 | - | €436 | +€436 | |
| Other amounts payable | 47/48 | - | €212,869 | +€212,869 | |
| Accrued charges and deferred income | 492/3 | - | €570 | +€570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,856 | €40,029 | +€173 | +0.4% |
| Other operating charges | 640/8 | - | €4,490 | +€4,490 | |
| Gross operating margin | 9900 | €73,880 | €65,975 | -€7,906 | -10.7% |
| Operating profit (loss) | 9901 | €31,203 | €21,455 | -€9,748 | -31.2% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | - | €20,226 | +€20,226 | |
| Recurring financial charges | 65 | €21,067 | €20,226 | -€841 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €10,137 | €1,249 | -€8,888 | -87.7% |
| Income taxes | 67/77 | €2,705 | €822 | -€1,883 | -69.6% |
| Profit (loss) for the period | 9904 | €7,432 | €427 | -€7,004 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,432 | €427 | -€7,004 | -94.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.