G-SQUARE CONSULTING: 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-SQUARE CONSULTING
Largest movements
- Tangible fixed assets +€263,330
up €263,330 (+5,818%), from €4,526 to €267,856
of which Land and buildings: +€264,730
- Cash -€82,627
down €82,627 (-81.5%), from €101,338 to €18,712
mainly Investment in fixed assets (net) (-€269,913) and Deferred charges and accrued income (-€14,774)
- Receivables within one year -€28,532
down €28,532 (-54.2%), from €52,611 to €24,079
of which Trade receivables: -€34,176
- Deferred charges and accrued income +€14,774
new in 2025: €14,774
- Debts after one year +€153,842
new in 2025: €153,842
- Accrued charges and deferred income +€18,322
new in 2025: €18,322
- Tax, wage and social debts -€11,977
down €11,977 (-65.6%), from €18,258 to €6,280
of which Taxes: -€6,187
- Current portion of long-term debt +€6,708
new in 2025: €6,708
- Profit (loss) carried forward +€5,405
new in 2025: €5,405
- Other operating charges +€11,227
up €11,227 (+6,150%), from €183 to €11,409
- Financial charges +€6,345
up €6,345 (+4,306%), from €147 to €6,492
- Depreciation +€5,183
up €5,183 (+370%), from €1,400 to €6,583
- Gross operating margin +€1,692
up €1,692 (+4.6%), from €37,073 to €38,765
- Taxes -€1,183
down €1,183 (-11.1%), from €10,697 to €9,513
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 | €158,476 | €325,421 | +€166,945 | +105% |
| Fixed assets | 21/28 | €4,526 | €267,856 | +€263,330 | +5,818% |
| Tangible fixed assets | 22/27 | €4,526 | €267,856 | +€263,330 | +5,818% |
| Land and buildings | 22 | - | €264,730 | +€264,730 | |
| Furniture and vehicles | 24 | €4,526 | €3,126 | -€1,400 | -30.9% |
| Current assets | 29/58 | €153,950 | €57,565 | -€96,385 | -62.6% |
| Amounts receivable within one year | 40/41 | €52,611 | €24,079 | -€28,532 | -54.2% |
| Trade receivables | 40 | €35,473 | €1,297 | -€34,176 | -96.3% |
| Other amounts receivable | 41 | €17,138 | €22,782 | +€5,644 | +32.9% |
| Cash at bank and in hand | 54/58 | €101,338 | €18,712 | -€82,627 | -81.5% |
| Deferred charges and accrued income | 490/1 | - | €14,774 | +€14,774 | |
| Total equity and liabilities | 10/49 | €158,476 | €325,421 | +€166,945 | +105% |
| Equity | 10/15 | €134,373 | €139,778 | +€5,405 | +4.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €132,873 | €132,873 | = | 0.0% |
| Distributable reserves | 133 | €132,873 | €132,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,405 | +€5,405 | |
| Amounts payable | 17/49 | €24,103 | €185,643 | +€161,540 | +670% |
| Amounts payable after more than one year | 17 | - | €153,842 | +€153,842 | |
| Financial debts | 170/4 | - | €153,842 | +€153,842 | |
| Amounts payable within one year | 42/48 | €24,103 | €13,479 | -€10,624 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,708 | +€6,708 | |
| Trade debts | 44 | €5,846 | €491 | -€5,355 | -91.6% |
| Suppliers | 440/4 | €5,846 | €491 | -€5,355 | -91.6% |
| Taxes, remuneration and social security | 45 | €18,258 | €6,280 | -€11,977 | -65.6% |
| Taxes | 450/3 | €12,468 | €6,280 | -€6,187 | -49.6% |
| Remuneration and social security | 454/9 | €5,790 | - | -€5,790 | |
| Accrued charges and deferred income | 492/3 | - | €18,322 | +€18,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €6,583 | +€5,183 | +370% |
| Other operating charges | 640/8 | €183 | €11,409 | +€11,227 | +6,150% |
| Gross operating margin | 9900 | €37,073 | €38,765 | +€1,692 | +4.6% |
| Operating profit (loss) | 9901 | €35,490 | €20,773 | -€14,717 | -41.5% |
| Financial income | 75/76B | - | €638 | +€638 | |
| Recurring financial income | 75 | - | €638 | +€638 | |
| Financial charges | 65/66B | €147 | €6,492 | +€6,345 | +4,306% |
| Recurring financial charges | 65 | €147 | €6,492 | +€6,345 | +4,306% |
| Profit (loss) for the period before taxes | 9903 | €35,343 | €14,918 | -€20,424 | -57.8% |
| Income taxes | 67/77 | €10,697 | €9,513 | -€1,183 | -11.1% |
| Profit (loss) for the period | 9904 | €24,646 | €5,405 | -€19,241 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,646 | €5,405 | -€19,241 | -78.1% |
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 24 October 2026 via checked.be.