GBF CONSULT: what changed
Two fiscal 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.
GBF CONSULT
Largest movements
- Cash +€38,485
up €38,485 (+30.3%), from €127,211 to €165,696
mainly Debts after one year (+€50,000) and Depreciation (+€10,336)
- Tangible fixed assets +€28,539
up €28,539 (+426.5%), from €6,692 to €35,230
of which Furniture and vehicles: +€26,471
- Debts after one year +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Other debts +€8,315
up €8,315 (+159.9%), from €5,200 to €13,515
- Tax, wage and social debts +€3,607
up €3,607 (+111.4%), from €3,239 to €6,846
- Reserves +€2,575
up €2,575 (+27.1%), from €9,510 to €12,085
of which Tax-exempt reserves: +€2,575
- Depreciation +€6,736
up €6,736 (+187.2%), from €3,599 to €10,336
- Gross operating margin +€3,561
up €3,561 (+13.6%), from €26,193 to €29,754
- Financial charges +€2,912
up €2,912 (+41.0%), from €7,103 to €10,015
- Taxes -€1,879
down €1,879 (-36.9%), from €5,095 to €3,216
- Other operating charges +€977
up €977 (+108.1%), from €904 to €1,881
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 | €154,671 | €222,140 | +€67,469 | +43.6% |
| Fixed assets | 21/28 | €6,692 | €35,230 | +€28,539 | +426.5% |
| Tangible fixed assets | 22/27 | €6,692 | €35,230 | +€28,539 | +426.5% |
| Plant, machinery and equipment | 23 | €99 | €72 | -€27 | -27.5% |
| Furniture and vehicles | 24 | €5,610 | €32,081 | +€26,471 | +471.9% |
| Other tangible fixed assets | 26 | €983 | €3,078 | +€2,095 | +213.0% |
| Current assets | 29/58 | €147,979 | €186,910 | +€38,930 | +26.3% |
| Amounts receivable within one year | 40/41 | €10,149 | €10,180 | +€31 | +0.3% |
| Trade receivables | 40 | €8,065 | €5,239 | -€2,826 | -35.0% |
| Other amounts receivable | 41 | €2,084 | €4,941 | +€2,857 | +137.1% |
| Current investments | 50/53 | €8,574 | €8,580 | +€5 | +0.1% |
| Cash at bank and in hand | 54/58 | €127,211 | €165,696 | +€38,485 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,045 | €2,454 | +€409 | +20.0% |
| Total equity and liabilities | 10/49 | €154,671 | €222,140 | +€67,469 | +43.6% |
| Equity | 10/15 | €46,126 | €50,372 | +€4,246 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,510 | €12,085 | +€2,575 | +27.1% |
| Tax-exempt reserves | 132 | - | €2,575 | +€2,575 | |
| Distributable reserves | 133 | €9,510 | €9,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,216 | €25,887 | +€1,671 | +6.9% |
| Provisions and deferred taxes | 16 | - | €858 | +€858 | |
| Deferred taxes | 168 | - | €858 | +€858 | |
| Amounts payable | 17/49 | €108,545 | €170,909 | +€62,365 | +57.5% |
| Amounts payable after more than one year | 17 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Other amounts payable | 178/9 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Amounts payable within one year | 42/48 | €8,545 | €20,909 | +€12,365 | +144.7% |
| Trade debts | 44 | €106 | €549 | +€443 | +417.3% |
| Suppliers | 440/4 | €106 | €549 | +€443 | +417.3% |
| Taxes, remuneration and social security | 45 | €3,239 | €6,846 | +€3,607 | +111.4% |
| Taxes | 450/3 | €3,239 | €6,846 | +€3,607 | +111.4% |
| Other amounts payable | 47/48 | €5,200 | €13,515 | +€8,315 | +159.9% |
| Remuneration, social security and pensions | 62 | €405 | €238 | -€167 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,599 | €10,336 | +€6,736 | +187.2% |
| Other operating charges | 640/8 | €904 | €1,881 | +€977 | +108.1% |
| Gross operating margin | 9900 | €26,193 | €29,754 | +€3,561 | +13.6% |
| Operating profit (loss) | 9901 | €21,284 | €17,299 | -€3,985 | -18.7% |
| Financial income | 75/76B | €714 | €1,037 | +€323 | +45.2% |
| Recurring financial income | 75 | €714 | €1,037 | +€323 | +45.2% |
| Financial charges | 65/66B | €7,103 | €10,015 | +€2,912 | +41.0% |
| Recurring financial charges | 65 | €7,103 | €10,015 | +€2,912 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €14,895 | €8,320 | -€6,575 | -44.1% |
| Transfer from deferred taxes | 780 | - | €215 | +€215 | |
| Transfer to deferred taxes | 680 | - | €1,073 | +€1,073 | |
| Income taxes | 67/77 | €5,095 | €3,216 | -€1,879 | -36.9% |
| Profit (loss) for the period | 9904 | €9,800 | €4,246 | -€5,554 | -56.7% |
| Transfer from tax-exempt reserves | 789 | - | €644 | +€644 | |
| Transfer to tax-exempt reserves | 689 | - | €3,219 | +€3,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,800 | €1,671 | -€8,129 | -83.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.