Gavilán 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.
Gavilán Consulting
Largest movements
- Tangible fixed assets -€95,836
down €95,836 (-1.8%), from €5.3m to €5.2m
of which Land and buildings: -€84,305
- Reserves -€814,757
down €814,757 (-84.1%), from €968,598 to €153,842
of which Distributable reserves: -€814,757
- Other debts +€767,119
up €767,119 (+457%), from €167,711 to €934,830
- Debts after one year -€120,639
down €120,639 (-3.7%), from €3.2m to €3.1m
- Tax, wage and social debts +€117,839
up €117,839 (+581%), from €20,298 to €138,136
of which Taxes: +€116,673
- Trade debts -€90,121
down €90,121 (-97.5%), from €92,476 to €2,354
- Gross operating margin -€33,077
down €33,077 (-6.8%), from €483,563 to €450,486
- Depreciation +€19,722
up €19,722 (+11.2%), from €176,753 to €196,475
- Taxes -€17,711
down €17,711 (-30.2%), from €58,716 to €41,004
- Staff costs +€7,075
up €7,075 (+72.1%), from €9,807 to €16,882
- Financial charges +€6,657
up €6,657 (+12.0%), from €55,256 to €61,913
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 | €5,383,228 | €5,246,251 | -€136,977 | -2.5% |
| Fixed assets | 21/28 | €5,323,400 | €5,227,565 | -€95,836 | -1.8% |
| Tangible fixed assets | 22/27 | €5,321,900 | €5,226,065 | -€95,836 | -1.8% |
| Land and buildings | 22 | €4,956,637 | €4,872,333 | -€84,305 | -1.7% |
| Furniture and vehicles | 24 | €365,263 | €353,732 | -€11,531 | -3.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €59,828 | €18,687 | -€41,141 | -68.8% |
| Amounts receivable within one year | 40/41 | €41,878 | €17,425 | -€24,453 | -58.4% |
| Trade receivables | 40 | €34,620 | €11,920 | -€22,700 | -65.6% |
| Other amounts receivable | 41 | €7,258 | €5,505 | -€1,753 | -24.1% |
| Cash at bank and in hand | 54/58 | €17,588 | €891 | -€16,697 | -94.9% |
| Deferred charges and accrued income | 490/1 | €362 | €371 | +€9 | +2.5% |
| Total equity and liabilities | 10/49 | €5,383,228 | €5,246,251 | -€136,977 | -2.5% |
| Equity | 10/15 | €1,318,874 | €567,158 | -€751,715 | -57.0% |
| Contributions | 10/11 | €152,520 | €152,520 | = | 0.0% |
| Reserves | 13 | €968,598 | €153,842 | -€814,757 | -84.1% |
| Tax-exempt reserves | 132 | €12,842 | €12,842 | = | 0.0% |
| Distributable reserves | 133 | €955,756 | €141,000 | -€814,757 | -85.2% |
| Investment grants | 15 | €197,756 | €260,797 | +€63,041 | +31.9% |
| Provisions and deferred taxes | 16 | €65,919 | €86,932 | +€21,014 | +31.9% |
| Deferred taxes | 168 | €65,919 | €86,932 | +€21,014 | +31.9% |
| Amounts payable | 17/49 | €3,998,436 | €4,592,161 | +€593,725 | +14.8% |
| Amounts payable after more than one year | 17 | €3,225,116 | €3,104,476 | -€120,639 | -3.7% |
| Financial debts | 170/4 | €3,225,116 | €3,104,476 | -€120,639 | -3.7% |
| Amounts payable within one year | 42/48 | €773,320 | €1,487,684 | +€714,364 | +92.4% |
| Current portion of amounts payable after more than one year | 42 | €492,836 | €412,364 | -€80,472 | -16.3% |
| Trade debts | 44 | €92,476 | €2,354 | -€90,121 | -97.5% |
| Suppliers | 440/4 | €92,476 | €2,354 | -€90,121 | -97.5% |
| Taxes, remuneration and social security | 45 | €20,298 | €138,136 | +€117,839 | +581% |
| Taxes | 450/3 | €19,190 | €135,863 | +€116,673 | +608% |
| Remuneration and social security | 454/9 | €1,107 | €2,273 | +€1,166 | +105% |
| Other amounts payable | 47/48 | €167,711 | €934,830 | +€767,119 | +457% |
| Remuneration, social security and pensions | 62 | €9,807 | €16,882 | +€7,075 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,753 | €196,475 | +€19,722 | +11.2% |
| Other operating charges | 640/8 | €2,545 | €5,786 | +€3,241 | +127% |
| Gross operating margin | 9900 | €483,563 | €450,486 | -€33,077 | -6.8% |
| Operating profit (loss) | 9901 | €294,458 | €231,344 | -€63,114 | -21.4% |
| Financial income | 75/76B | €8,552 | €9,821 | +€1,269 | +14.8% |
| Recurring financial income | 75 | €8,552 | €9,821 | +€1,269 | +14.8% |
| Financial charges | 65/66B | €55,256 | €61,913 | +€6,657 | +12.0% |
| Recurring financial charges | 65 | €55,256 | €61,913 | +€6,657 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €247,755 | €179,252 | -€68,502 | -27.6% |
| Transfer from deferred taxes | 780 | €2,039 | €2,752 | +€713 | +35.0% |
| Income taxes | 67/77 | €58,716 | €41,004 | -€17,711 | -30.2% |
| Profit (loss) for the period | 9904 | €191,078 | €141,000 | -€50,078 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,078 | €141,000 | -€50,078 | -26.2% |
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 30 October 2026 via checked.be.