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
- Cash +€68,438
up €68,438 (+503%), from €13,603 to €82,041
mainly Net result for the year (+€141,475) and Depreciation (+€29,276)
- Tangible fixed assets -€24,820
down €24,820 (-13.5%), from €183,917 to €159,097
of which Land and buildings: -€23,377
- Receivables within one year +€14,678
up €14,678 (+182%), from €8,073 to €22,752
of which Trade receivables: +€15,395
- Deferred charges and accrued income +€3,741
up €3,741 (+380%), from €984 to €4,724
- Profit (loss) carried forward +€141,475
up €141,475 (+32.8%), from -€430,976 to -€289,501
- Advances received -€78,803
no longer reported in 2025 (was €78,803)
- Other debts -€25,127
down €25,127 (-4.7%), from €539,847 to €514,720
- Tax, wage and social debts +€23,986
up €23,986 (+766%), from €3,132 to €27,118
- Trade debts +€3,016
new in 2025: €3,016
- Gross operating margin +€244,179
up €244,179, from -€31,210 to €212,969
- Financial charges -€183,949
down €183,949 (-99.2%), from €185,514 to €1,565
of which Non-recurring financial charges: -€185,000
- Taxes +€33,374
new in 2025: €33,374
- Depreciation -€5,048
down €5,048 (-14.7%), from €34,324 to €29,276
- Other operating charges +€3,835
up €3,835 (+77.2%), from €4,964 to €8,799
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 | €206,577 | €269,614 | +€63,037 | +30.5% |
| Fixed assets | 21/28 | €183,917 | €160,097 | -€23,820 | -13.0% |
| Tangible fixed assets | 22/27 | €183,917 | €159,097 | -€24,820 | -13.5% |
| Land and buildings | 22 | €155,947 | €132,570 | -€23,377 | -15.0% |
| Plant, machinery and equipment | 23 | €9,761 | €6,081 | -€3,680 | -37.7% |
| Furniture and vehicles | 24 | €16,609 | €19,646 | +€3,037 | +18.3% |
| Other tangible fixed assets | 26 | €1,600 | €800 | -€800 | -50.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €22,660 | €109,517 | +€86,856 | +383% |
| Amounts receivable within one year | 40/41 | €8,073 | €22,752 | +€14,678 | +182% |
| Trade receivables | 40 | €7,098 | €22,493 | +€15,395 | +217% |
| Other amounts receivable | 41 | €975 | €259 | -€717 | -73.5% |
| Cash at bank and in hand | 54/58 | €13,603 | €82,041 | +€68,438 | +503% |
| Deferred charges and accrued income | 490/1 | €984 | €4,724 | +€3,741 | +380% |
| Total equity and liabilities | 10/49 | €206,577 | €269,614 | +€63,037 | +30.5% |
| Equity | 10/15 | -€416,716 | -€275,241 | +€141,475 | +34.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€430,976 | -€289,501 | +€141,475 | +32.8% |
| Amounts payable | 17/49 | €623,293 | €544,855 | -€78,439 | -12.6% |
| Amounts payable within one year | 42/48 | €623,293 | €544,855 | -€78,439 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €1,511 | €0 | -€1,511 | -100% |
| Trade debts | 44 | - | €3,016 | +€3,016 | |
| Suppliers | 440/4 | - | €3,016 | +€3,016 | |
| Advances received on contracts in progress | 46 | €78,803 | - | -€78,803 | |
| Taxes, remuneration and social security | 45 | €3,132 | €27,118 | +€23,986 | +766% |
| Taxes | 450/3 | €3,132 | €27,118 | +€23,986 | +766% |
| Other amounts payable | 47/48 | €539,847 | €514,720 | -€25,127 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,324 | €29,276 | -€5,048 | -14.7% |
| Other operating charges | 640/8 | €4,964 | €8,799 | +€3,835 | +77.2% |
| Gross operating margin | 9900 | -€31,210 | €212,969 | +€244,179 | |
| Operating profit (loss) | 9901 | -€70,498 | €174,894 | +€245,392 | |
| Financial income | 75/76B | - | €1,520 | +€1,520 | |
| Recurring financial income | 75 | - | €1,520 | +€1,520 | |
| Financial charges | 65/66B | €185,514 | €1,565 | -€183,949 | -99.2% |
| Recurring financial charges | 65 | €514 | €1,565 | +€1,051 | +205% |
| Non-recurring financial charges | 66B | €185,000 | - | -€185,000 | |
| Profit (loss) for the period before taxes | 9903 | -€256,012 | €174,849 | +€430,861 | |
| Income taxes | 67/77 | - | €33,374 | +€33,374 | |
| Profit (loss) for the period | 9904 | -€256,012 | €141,475 | +€397,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€256,012 | €141,475 | +€397,488 |
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 15 October 2026 via checked.be.