GA 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.
GA CONSULT
Largest movements
- Financial fixed assets -€1.7m
down €1.7m (-50.0%), from €3.3m to €1.7m
- Receivables after one year +€420,000
new in 2025: €420,000
- Debts after one year -€1.1m
down €1.1m (-62.6%), from €1.7m to €646,038
- Profit (loss) carried forward -€135,519
no longer reported in 2025 (was €135,519)
- Reserves -€46,097
down €46,097 (-3.2%), from €1.4m to €1.4m
- Financial charges +€633,539
up €633,539 (+1858.0%), from €34,098 to €667,637
- Financial income +€329,081
up €329,081 (+272.1%), from €120,919 to €450,000
- Gross operating margin -€16,158
down €16,158 (-22.6%), from €71,367 to €55,209
- Other operating charges -€3,789
down €3,789 (-68.2%), from €5,557 to €1,768
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.
Cash bridge derived
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 | €3,497,956 | €2,225,099 | -€1.3m | -36.4% |
| Fixed assets | 21/28 | €3,380,469 | €1,701,952 | -€1.7m | -49.7% |
| Tangible fixed assets | 22/27 | €45,469 | €34,452 | -€11,017 | -24.2% |
| Plant, machinery and equipment | 23 | €1,866 | €1,393 | -€473 | -25.3% |
| Furniture and vehicles | 24 | €43,602 | €33,058 | -€10,544 | -24.2% |
| Financial fixed assets | 28 | €3,335,000 | €1,667,500 | -€1.7m | -50.0% |
| Current assets | 29/58 | €117,488 | €523,148 | +€405,660 | +345.3% |
| Amounts receivable after more than one year | 29 | - | €420,000 | +€420,000 | |
| Other amounts receivable | 291 | - | €420,000 | +€420,000 | |
| Amounts receivable within one year | 40/41 | €20,062 | €6,627 | -€13,434 | -67.0% |
| Trade receivables | 40 | €20,000 | €2,226 | -€17,774 | -88.9% |
| Other amounts receivable | 41 | €62 | €4,401 | +€4,340 | +7048.2% |
| Cash at bank and in hand | 54/58 | €95,881 | €95,298 | -€583 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,222 | -€323 | -20.9% |
| Total equity and liabilities | 10/49 | €3,497,956 | €2,225,099 | -€1.3m | -36.4% |
| Equity | 10/15 | €1,589,987 | €1,408,371 | -€181,616 | -11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,434,467 | €1,388,371 | -€46,097 | -3.2% |
| Distributable reserves | 133 | €1,434,467 | €1,388,371 | -€46,097 | -3.2% |
| Profit (loss) carried forward | 14 | €135,519 | - | -€135,519 | |
| Amounts payable | 17/49 | €1,907,970 | €816,728 | -€1.1m | -57.2% |
| Amounts payable after more than one year | 17 | €1,729,479 | €646,038 | -€1.1m | -62.6% |
| Financial debts | 170/4 | €1,729,479 | €646,038 | -€1.1m | -62.6% |
| Amounts payable within one year | 42/48 | €178,490 | €170,691 | -€7,800 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €145,988 | €148,442 | +€2,454 | +1.7% |
| Trade debts | 44 | €1,199 | €2,148 | +€949 | +79.1% |
| Suppliers | 440/4 | €1,199 | €2,148 | +€949 | +79.1% |
| Taxes, remuneration and social security | 45 | €4,345 | - | -€4,345 | |
| Taxes | 450/3 | €4,345 | - | -€4,345 | |
| Other amounts payable | 47/48 | €26,959 | €20,101 | -€6,858 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,633 | €11,924 | +€291 | +2.5% |
| Other operating charges | 640/8 | €5,557 | €1,768 | -€3,789 | -68.2% |
| Gross operating margin | 9900 | €71,367 | €55,209 | -€16,158 | -22.6% |
| Operating profit (loss) | 9901 | €54,177 | €41,517 | -€12,661 | -23.4% |
| Financial income | 75/76B | €120,919 | €450,000 | +€329,081 | +272.1% |
| Recurring financial income | 75 | €120,919 | €450,000 | +€329,081 | +272.1% |
| Financial charges | 65/66B | €34,098 | €667,637 | +€633,539 | +1858.0% |
| Recurring financial charges | 65 | €34,098 | €667,637 | +€633,539 | +1858.0% |
| Profit (loss) for the period before taxes | 9903 | €140,999 | -€176,120 | -€317,119 | |
| Income taxes | 67/77 | €4,620 | €4,663 | +€42 | +0.9% |
| Profit (loss) for the period | 9904 | €136,378 | -€180,783 | -€317,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,378 | -€180,783 | -€317,161 |
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 9 October 2026 via checked.be.