GAPP MANAGEMENT & CONSULTING: what changed
GAPP MANAGEMENT & CONSULTING
Largest movements
- Receivables after one year -€80,000
no longer reported in 2025 (was €80,000)
- Receivables within one year +€54,362
up €54,362 (+36.5%), from €149,046 to €203,408
of which Trade receivables: +€64,612
- Cash -€19,700
down €19,700 (-19.0%), from €103,660 to €83,960
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€54,362)
- Tangible fixed assets -€15,141
down €15,141 (-30.7%), from €49,286 to €34,145
- Reserves -€86,359
down €86,359 (-32.0%), from €269,809 to €183,450
- Other debts +€19,525
up €19,525 (+30.3%), from €64,544 to €84,070
- Tax, wage and social debts +€5,882
up €5,882 (+21.3%), from €27,581 to €33,463
- Financial charges +€109,439
up €109,439 (+67,405%), from €162 to €109,601
- Taxes -€21,203
down €21,203 (-95.1%), from €22,299 to €1,096
- Gross operating margin -€4,395
down €4,395 (-3.7%), from €120,073 to €115,678
- Depreciation -€1,590
down €1,590 (-9.3%), from €17,143 to €15,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,675 | €325,044 | -€59,631 | -15.5% |
| Fixed assets | 21/28 | €49,286 | €34,145 | -€15,141 | -30.7% |
| Tangible fixed assets | 22/27 | €49,286 | €34,145 | -€15,141 | -30.7% |
| Furniture and vehicles | 24 | €49,286 | €34,145 | -€15,141 | -30.7% |
| Current assets | 29/58 | €335,389 | €290,899 | -€44,490 | -13.3% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 291 | €80,000 | - | -€80,000 | |
| Amounts receivable within one year | 40/41 | €149,046 | €203,408 | +€54,362 | +36.5% |
| Trade receivables | 40 | €115,895 | €180,508 | +€64,612 | +55.8% |
| Other amounts receivable | 41 | €33,151 | €22,900 | -€10,251 | -30.9% |
| Cash at bank and in hand | 54/58 | €103,660 | €83,960 | -€19,700 | -19.0% |
| Deferred charges and accrued income | 490/1 | €2,683 | €3,531 | +€848 | +31.6% |
| Total equity and liabilities | 10/49 | €384,675 | €325,044 | -€59,631 | -15.5% |
| Equity | 10/15 | €288,409 | €202,050 | -€86,359 | -29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,809 | €183,450 | -€86,359 | -32.0% |
| Distributable reserves | 133 | €269,809 | €183,450 | -€86,359 | -32.0% |
| Amounts payable | 17/49 | €96,266 | €122,994 | +€26,728 | +27.8% |
| Amounts payable within one year | 42/48 | €95,879 | €122,474 | +€26,596 | +27.7% |
| Trade debts | 44 | €3,754 | €4,942 | +€1,188 | +31.7% |
| Suppliers | 440/4 | €3,754 | €4,942 | +€1,188 | +31.7% |
| Taxes, remuneration and social security | 45 | €27,581 | €33,463 | +€5,882 | +21.3% |
| Taxes | 450/3 | €27,581 | €33,463 | +€5,882 | +21.3% |
| Other amounts payable | 47/48 | €64,544 | €84,070 | +€19,525 | +30.3% |
| Accrued charges and deferred income | 492/3 | €387 | €520 | +€132 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,143 | €15,553 | -€1,590 | -9.3% |
| Other operating charges | 640/8 | €762 | €786 | +€24 | +3.2% |
| Gross operating margin | 9900 | €120,073 | €115,678 | -€4,395 | -3.7% |
| Operating profit (loss) | 9901 | €102,168 | €99,339 | -€2,830 | -2.8% |
| Financial charges | 65/66B | €162 | €109,601 | +€109,439 | +67,405% |
| Recurring financial charges | 65 | €162 | €109,601 | +€109,439 | +67,405% |
| Profit (loss) for the period before taxes | 9903 | €102,006 | -€10,263 | -€112,269 | |
| Income taxes | 67/77 | €22,299 | €1,096 | -€21,203 | -95.1% |
| Profit (loss) for the period | 9904 | €79,707 | -€11,359 | -€91,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,707 | -€11,359 | -€91,066 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.