G&S Management, Consulting & Development: 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.
G&S Management, Consulting & Development
Largest movements
- Tangible fixed assets +€130,129
up €130,129 (+27.0%), from €481,497 to €611,626
of which Furniture and vehicles: +€82,880
- Cash -€124,760
down €124,760 (-96.5%), from €129,283 to €4,523
mainly Investment in fixed assets (net) (-€148,706) and Receivables within one year (-€20,717)
- Receivables within one year +€20,717
new in 2025: €20,717
of which Other amounts receivable: +€20,541
- Deferred charges and accrued income -€11,847
down €11,847 (-62.6%), from €18,931 to €7,084
- Other debts +€26,189
up €26,189 (+35.3%), from €74,146 to €100,335
- Profit (loss) carried forward -€16,137
down €16,137 (-44.2%), from €36,525 to €20,388
- Current portion of long-term debt +€14,178
up €14,178 (+52.1%), from €27,193 to €41,371
- Trade debts -€7,773
down €7,773 (-60.0%), from €12,958 to €5,185
- Tax, wage and social debts -€7,377
down €7,377 (-95.4%), from €7,734 to €357
- Gross operating margin -€55,988
down €55,988 (-75.0%), from €74,686 to €18,698
- Depreciation -€11,230
down €11,230 (-37.7%), from €29,806 to €18,576
- Financial charges +€9,714
up €9,714 (+172%), from €5,654 to €15,368
- Taxes -€5,146
down €5,146 (-95.0%), from €5,417 to €271
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 | €629,711 | €643,951 | +€14,239 | +2.3% |
| Fixed assets | 21/28 | €481,497 | €611,626 | +€130,129 | +27.0% |
| Tangible fixed assets | 22/27 | €481,497 | €611,626 | +€130,129 | +27.0% |
| Land and buildings | 22 | €469,890 | €504,247 | +€34,358 | +7.3% |
| Plant, machinery and equipment | 23 | €2,255 | €15,147 | +€12,891 | +572% |
| Furniture and vehicles | 24 | €9,352 | €92,232 | +€82,880 | +886% |
| Current assets | 29/58 | €148,214 | €32,324 | -€115,890 | -78.2% |
| Amounts receivable within one year | 40/41 | - | €20,717 | +€20,717 | |
| Trade receivables | 40 | - | €176 | +€176 | |
| Other amounts receivable | 41 | - | €20,541 | +€20,541 | |
| Cash at bank and in hand | 54/58 | €129,283 | €4,523 | -€124,760 | -96.5% |
| Deferred charges and accrued income | 490/1 | €18,931 | €7,084 | -€11,847 | -62.6% |
| Total equity and liabilities | 10/49 | €629,711 | €643,951 | +€14,239 | +2.3% |
| Equity | 10/15 | €141,525 | €125,388 | -€16,137 | -11.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,525 | €20,388 | -€16,137 | -44.2% |
| Amounts payable | 17/49 | €488,186 | €518,563 | +€30,376 | +6.2% |
| Amounts payable after more than one year | 17 | €366,156 | €371,315 | +€5,159 | +1.4% |
| Financial debts | 170/4 | €366,156 | €371,315 | +€5,159 | +1.4% |
| Amounts payable within one year | 42/48 | €122,030 | €147,247 | +€25,217 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €27,193 | €41,371 | +€14,178 | +52.1% |
| Trade debts | 44 | €12,958 | €5,185 | -€7,773 | -60.0% |
| Suppliers | 440/4 | €12,958 | €5,185 | -€7,773 | -60.0% |
| Taxes, remuneration and social security | 45 | €7,734 | €357 | -€7,377 | -95.4% |
| Taxes | 450/3 | €7,734 | €357 | -€7,377 | -95.4% |
| Other amounts payable | 47/48 | €74,146 | €100,335 | +€26,189 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,806 | €18,576 | -€11,230 | -37.7% |
| Other operating charges | 640/8 | €870 | €908 | +€38 | +4.4% |
| Gross operating margin | 9900 | €74,686 | €18,698 | -€55,988 | -75.0% |
| Operating profit (loss) | 9901 | €44,009 | -€787 | -€44,796 | |
| Financial income | 75/76B | €200 | €288 | +€88 | +43.9% |
| Recurring financial income | 75 | €200 | €288 | +€88 | +43.9% |
| Financial charges | 65/66B | €5,654 | €15,368 | +€9,714 | +172% |
| Recurring financial charges | 65 | €5,654 | €15,368 | +€9,714 | +172% |
| Profit (loss) for the period before taxes | 9903 | €38,556 | -€15,866 | -€54,422 | |
| Income taxes | 67/77 | €5,417 | €271 | -€5,146 | -95.0% |
| Profit (loss) for the period | 9904 | €33,138 | -€16,137 | -€49,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,138 | -€16,137 | -€49,275 |
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 1 November 2026 via checked.be.