GAW CONSULTING GROUP: 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.
GAW CONSULTING GROUP
Largest movements
- Cash -€13,903
down €13,903 (-5.6%), from €250,005 to €236,103
mainly Contributions, distributions and other (-€104,000) and Investment in fixed assets (net) (-€16,620)
- Profit (loss) carried forward -€102,804
down €102,804 (-95.4%), from €107,803 to €4,999
- Reserves +€50,000
up €50,000 (+41.0%), from €122,000 to €172,000
- Debts after one year +€20,482
up €20,482 (+45.9%), from €44,587 to €65,070
- Current portion of long-term debt +€11,689
up €11,689 (+49.6%), from €23,572 to €35,261
- Tax, wage and social debts +€4,420
up €4,420 (+18.6%), from €23,734 to €28,154
of which Taxes: +€4,424
- Gross operating margin -€61,114
down €61,114 (-37.3%), from €164,046 to €102,932
- Depreciation -€9,396
down €9,396 (-35.7%), from €26,343 to €16,947
- Taxes -€7,739
down €7,739 (-26.8%), from €28,911 to €21,171
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 | €352,119 | €336,882 | -€15,237 | -4.3% |
| Fixed assets | 21/28 | €70,749 | €70,422 | -€327 | -0.5% |
| Tangible fixed assets | 22/27 | €70,749 | €70,422 | -€327 | -0.5% |
| Plant, machinery and equipment | 23 | €1,982 | €941 | -€1,041 | -52.5% |
| Furniture and vehicles | 24 | €68,767 | €69,482 | +€714 | +1.0% |
| Current assets | 29/58 | €281,370 | €266,459 | -€14,911 | -5.3% |
| Amounts receivable within one year | 40/41 | €28,634 | €27,665 | -€969 | -3.4% |
| Trade receivables | 40 | €27,545 | €17,747 | -€9,798 | -35.6% |
| Other amounts receivable | 41 | €1,089 | €9,918 | +€8,829 | +811% |
| Cash at bank and in hand | 54/58 | €250,005 | €236,103 | -€13,903 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,730 | €2,692 | -€39 | -1.4% |
| Total equity and liabilities | 10/49 | €352,119 | €336,882 | -€15,237 | -4.3% |
| Equity | 10/15 | €230,803 | €177,999 | -€52,804 | -22.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €122,000 | €172,000 | +€50,000 | +41.0% |
| Distributable reserves | 133 | €122,000 | €172,000 | +€50,000 | +41.0% |
| Profit (loss) carried forward | 14 | €107,803 | €4,999 | -€102,804 | -95.4% |
| Amounts payable | 17/49 | €121,316 | €158,882 | +€37,566 | +31.0% |
| Amounts payable after more than one year | 17 | €44,587 | €65,070 | +€20,482 | +45.9% |
| Financial debts | 170/4 | €44,587 | €65,070 | +€20,482 | +45.9% |
| Amounts payable within one year | 42/48 | €76,061 | €93,123 | +€17,062 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €23,572 | €35,261 | +€11,689 | +49.6% |
| Trade debts | 44 | €7,553 | €8,648 | +€1,095 | +14.5% |
| Suppliers | 440/4 | €7,553 | €8,648 | +€1,095 | +14.5% |
| Taxes, remuneration and social security | 45 | €23,734 | €28,154 | +€4,420 | +18.6% |
| Taxes | 450/3 | €19,730 | €24,154 | +€4,424 | +22.4% |
| Remuneration and social security | 454/9 | €4,005 | €4,000 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €21,201 | €21,059 | -€142 | -0.7% |
| Accrued charges and deferred income | 492/3 | €668 | €690 | +€22 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,343 | €16,947 | -€9,396 | -35.7% |
| Other operating charges | 640/8 | €2,060 | €2,068 | +€8 | +0.4% |
| Non-recurring operating charges | 66A | - | €8,684 | +€8,684 | |
| Gross operating margin | 9900 | €164,046 | €102,932 | -€61,114 | -37.3% |
| Operating profit (loss) | 9901 | €135,644 | €75,234 | -€60,410 | -44.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,693 | €2,866 | +€173 | +6.4% |
| Recurring financial charges | 65 | €2,693 | €2,866 | +€173 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €132,950 | €72,368 | -€60,582 | -45.6% |
| Income taxes | 67/77 | €28,911 | €21,171 | -€7,739 | -26.8% |
| Profit (loss) for the period | 9904 | €104,039 | €51,196 | -€52,843 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,039 | €51,196 | -€52,843 | -50.8% |
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 31 October 2026 via checked.be.