GAFI 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.
GAFI CONSULT
Largest movements
- Cash +€43,319
up €43,319 (+884%), from €4,901 to €48,220
mainly Net result for the year (+€108,010) and Depreciation (+€22,373)
- Tangible fixed assets -€20,674
down €20,674 (-15.7%), from €132,040 to €111,366
of which Furniture and vehicles: -€12,849
- Reserves +€14,980
up €14,980 (+3.2%), from €470,170 to €485,150
of which Distributable reserves: +€14,980
- Gross operating margin +€24,860
up €24,860 (+23.7%), from €104,967 to €129,827
- Financial income +€16,648
up €16,648 (+44.2%), from €37,692 to €54,339
- Depreciation +€8,762
up €8,762 (+64.4%), from €13,611 to €22,373
- Taxes +€6,200
up €6,200 (+14.7%), from €42,071 to €48,271
- Financial charges +€4,732
up €4,732, from -€3,520 to €1,212
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 | €507,159 | €525,519 | +€18,359 | +3.6% |
| Fixed assets | 21/28 | €132,040 | €111,366 | -€20,674 | -15.7% |
| Tangible fixed assets | 22/27 | €132,040 | €111,366 | -€20,674 | -15.7% |
| Land and buildings | 22 | €71,902 | €64,077 | -€7,825 | -10.9% |
| Furniture and vehicles | 24 | €60,138 | €47,289 | -€12,849 | -21.4% |
| Current assets | 29/58 | €375,120 | €414,153 | +€39,033 | +10.4% |
| Amounts receivable within one year | 40/41 | €18,606 | €13,498 | -€5,108 | -27.5% |
| Trade receivables | 40 | €18,606 | €13,498 | -€5,108 | -27.5% |
| Current investments | 50/53 | €350,033 | €350,677 | +€644 | +0.2% |
| Cash at bank and in hand | 54/58 | €4,901 | €48,220 | +€43,319 | +884% |
| Deferred charges and accrued income | 490/1 | €1,580 | €1,758 | +€178 | +11.3% |
| Total equity and liabilities | 10/49 | €507,159 | €525,519 | +€18,359 | +3.6% |
| Equity | 10/15 | €488,770 | €503,750 | +€14,980 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €470,170 | €485,150 | +€14,980 | +3.2% |
| Tax-exempt reserves | 132 | €274 | €274 | = | 0.0% |
| Distributable reserves | 133 | €469,896 | €484,876 | +€14,980 | +3.2% |
| Amounts payable | 17/49 | €18,390 | €21,769 | +€3,379 | +18.4% |
| Amounts payable within one year | 42/48 | €18,390 | €21,769 | +€3,379 | +18.4% |
| Financial debts | 43 | €205 | €256 | +€51 | +25.1% |
| Credit institutions | 430/8 | €205 | €256 | +€51 | +25.1% |
| Trade debts | 44 | €3,640 | €3,946 | +€306 | +8.4% |
| Suppliers | 440/4 | €3,640 | €3,946 | +€306 | +8.4% |
| Taxes, remuneration and social security | 45 | €12,209 | €16,904 | +€4,696 | +38.5% |
| Taxes | 450/3 | €12,209 | €14,524 | +€2,316 | +19.0% |
| Remuneration and social security | 454/9 | - | €2,380 | +€2,380 | |
| Other amounts payable | 47/48 | €2,337 | €663 | -€1,674 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,611 | €22,373 | +€8,762 | +64.4% |
| Other operating charges | 640/8 | €3,532 | €4,300 | +€768 | +21.8% |
| Gross operating margin | 9900 | €104,967 | €129,827 | +€24,860 | +23.7% |
| Operating profit (loss) | 9901 | €87,824 | €103,153 | +€15,329 | +17.5% |
| Financial income | 75/76B | €37,692 | €54,339 | +€16,648 | +44.2% |
| Recurring financial income | 75 | €37,692 | €54,339 | +€16,648 | +44.2% |
| Financial charges | 65/66B | -€3,520 | €1,212 | +€4,732 | |
| Recurring financial charges | 65 | -€3,520 | €1,212 | +€4,732 | |
| Profit (loss) for the period before taxes | 9903 | €129,036 | €156,280 | +€27,245 | +21.1% |
| Income taxes | 67/77 | €42,071 | €48,271 | +€6,200 | +14.7% |
| Profit (loss) for the period | 9904 | €86,965 | €108,010 | +€21,045 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,965 | €108,010 | +€21,045 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.