G.T.E. Consult: 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.T.E. Consult
Largest movements
- Cash +€7,494
up €7,494 (+309%), from €2,425 to €9,919
mainly Net result for the year (+€24,879) and Depreciation (+€5,706)
- Tangible fixed assets -€4,616
down €4,616 (-39.6%), from €11,647 to €7,030
of which Furniture and vehicles: -€2,543
- Reserves +€24,879
up €24,879 (+12.5%), from €198,711 to €223,590
- Debts after one year -€21,982
down €21,982 (-16.5%), from €133,335 to €111,353
- Other debts +€4,300
up €4,300 (+52.0%), from €8,275 to €12,576
- Financial charges +€20,913
up €20,913 (+49.1%), from €42,595 to €63,508
- Taxes -€9,494
down €9,494 (-42.0%), from €22,613 to €13,119
- Gross operating margin -€6,353
down €6,353 (-5.6%), from €113,978 to €107,625
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 | €377,301 | €381,901 | +€4,600 | +1.2% |
| Fixed assets | 21/28 | €370,481 | €365,865 | -€4,616 | -1.2% |
| Tangible fixed assets | 22/27 | €11,647 | €7,030 | -€4,616 | -39.6% |
| Land and buildings | 22 | €6,365 | €4,292 | -€2,074 | -32.6% |
| Furniture and vehicles | 24 | €5,282 | €2,739 | -€2,543 | -48.1% |
| Financial fixed assets | 28 | €358,834 | €358,834 | = | 0.0% |
| Current assets | 29/58 | €6,820 | €16,036 | +€9,216 | +135% |
| Amounts receivable within one year | 40/41 | €3,993 | €5,243 | +€1,249 | +31.3% |
| Trade receivables | 40 | €2,991 | €330 | -€2,660 | -89.0% |
| Other amounts receivable | 41 | €1,002 | €4,912 | +€3,910 | +390% |
| Cash at bank and in hand | 54/58 | €2,425 | €9,919 | +€7,494 | +309% |
| Deferred charges and accrued income | 490/1 | €402 | €875 | +€473 | +118% |
| Total equity and liabilities | 10/49 | €377,301 | €381,901 | +€4,600 | +1.2% |
| Equity | 10/15 | €211,111 | €235,990 | +€24,879 | +11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,711 | €223,590 | +€24,879 | +12.5% |
| Distributable reserves | 133 | €198,711 | €223,590 | +€24,879 | +12.5% |
| Amounts payable | 17/49 | €166,190 | €145,911 | -€20,279 | -12.2% |
| Amounts payable after more than one year | 17 | €133,335 | €111,353 | -€21,982 | -16.5% |
| Financial debts | 170/4 | €133,335 | €111,353 | -€21,982 | -16.5% |
| Amounts payable within one year | 42/48 | €32,855 | €34,557 | +€1,702 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €22,930 | €21,982 | -€948 | -4.1% |
| Taxes, remuneration and social security | 45 | €1,650 | - | -€1,650 | |
| Taxes | 450/3 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €8,275 | €12,576 | +€4,300 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,672 | €5,706 | +€1,034 | +22.1% |
| Other operating charges | 640/8 | €803 | €412 | -€392 | -48.7% |
| Gross operating margin | 9900 | €113,978 | €107,625 | -€6,353 | -5.6% |
| Operating profit (loss) | 9901 | €108,503 | €101,507 | -€6,996 | -6.4% |
| Financial charges | 65/66B | €42,595 | €63,508 | +€20,913 | +49.1% |
| Recurring financial charges | 65 | €42,595 | €63,508 | +€20,913 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €65,908 | €37,998 | -€27,910 | -42.3% |
| Income taxes | 67/77 | €22,613 | €13,119 | -€9,494 | -42.0% |
| Profit (loss) for the period | 9904 | €43,295 | €24,879 | -€18,416 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,295 | €24,879 | -€18,416 | -42.5% |
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 14 October 2026 via checked.be.