GVG SOLUTIONS: 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.
GVG SOLUTIONS
Largest movements
- Cash -€44,080
down €44,080 (-58.9%), from €74,848 to €30,768
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€21,440)
- Receivables within one year +€19,953
up €19,953 (+147%), from €13,613 to €33,565
of which Trade receivables: +€19,953
- Tangible fixed assets -€18,481
down €18,481 (-25.1%), from €73,530 to €55,049
of which Furniture and vehicles: -€16,033
- Reserves -€48,660
down €48,660 (-98.7%), from €49,319 to €658
- Other debts +€40,808
up €40,808 (+92.1%), from €44,325 to €85,133
- Debts after one year -€21,440
down €21,440 (-100%), from €21,440 to €0
- Tax, wage and social debts -€12,082
down €12,082 (-51.1%), from €23,647 to €11,565
of which Taxes: -€12,109
- Gross operating margin +€5,779
up €5,779 (+7.2%), from €79,857 to €85,637
- Financial income -€2,253
down €2,253 (-100%), from €2,253 to €0
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 | €164,761 | €122,332 | -€42,428 | -25.8% |
| Fixed assets | 21/28 | €73,530 | €55,049 | -€18,481 | -25.1% |
| Tangible fixed assets | 22/27 | €73,530 | €55,049 | -€18,481 | -25.1% |
| Plant, machinery and equipment | 23 | €6,092 | €4,273 | -€1,820 | -29.9% |
| Furniture and vehicles | 24 | €62,654 | €46,620 | -€16,033 | -25.6% |
| Other tangible fixed assets | 26 | €4,784 | €4,157 | -€628 | -13.1% |
| Current assets | 29/58 | €91,230 | €67,283 | -€23,948 | -26.2% |
| Amounts receivable within one year | 40/41 | €13,613 | €33,565 | +€19,953 | +147% |
| Trade receivables | 40 | €13,613 | €33,565 | +€19,953 | +147% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €74,848 | €30,768 | -€44,080 | -58.9% |
| Deferred charges and accrued income | 490/1 | €2,770 | €2,949 | +€180 | +6.5% |
| Total equity and liabilities | 10/49 | €164,761 | €122,332 | -€42,428 | -25.8% |
| Equity | 10/15 | €52,319 | €3,658 | -€48,660 | -93.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,319 | €658 | -€48,660 | -98.7% |
| Distributable reserves | 133 | €49,319 | €658 | -€48,660 | -98.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,442 | €118,674 | +€6,232 | +5.5% |
| Amounts payable after more than one year | 17 | €21,440 | €0 | -€21,440 | -100% |
| Financial debts | 170/4 | €21,440 | €0 | -€21,440 | -100% |
| Amounts payable within one year | 42/48 | €91,001 | €118,674 | +€27,672 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €22,717 | €21,440 | -€1,277 | -5.6% |
| Financial debts | 43 | €197 | €182 | -€15 | -7.4% |
| Credit institutions | 430/8 | €197 | €182 | -€15 | -7.4% |
| Trade debts | 44 | €116 | €353 | +€238 | +205% |
| Suppliers | 440/4 | €116 | €353 | +€238 | +205% |
| Taxes, remuneration and social security | 45 | €23,647 | €11,565 | -€12,082 | -51.1% |
| Taxes | 450/3 | €21,249 | €9,139 | -€12,109 | -57.0% |
| Remuneration and social security | 454/9 | €2,399 | €2,426 | +€27 | +1.1% |
| Other amounts payable | 47/48 | €44,325 | €85,133 | +€40,808 | +92.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,641 | €18,481 | -€160 | -0.9% |
| Other operating charges | 640/8 | €439 | €460 | +€20 | +4.6% |
| Gross operating margin | 9900 | €79,857 | €85,637 | +€5,779 | +7.2% |
| Operating profit (loss) | 9901 | €60,777 | €66,696 | +€5,919 | +9.7% |
| Financial income | 75/76B | €2,253 | €0 | -€2,253 | -100% |
| Recurring financial income | 75 | €2,253 | €0 | -€2,253 | -100% |
| Financial charges | 65/66B | €1,835 | €1,157 | -€678 | -36.9% |
| Recurring financial charges | 65 | €1,835 | €1,157 | -€678 | -36.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €61,196 | €65,539 | +€4,343 | +7.1% |
| Income taxes | 67/77 | €13,469 | €14,200 | +€731 | +5.4% |
| Profit (loss) for the period | 9904 | €47,727 | €51,340 | +€3,612 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,727 | €51,340 | +€3,612 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.