GBU 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.
GBU Consult
Largest movements
- Cash -€32,471
down €32,471 (-6.9%), from €471,896 to €439,426
mainly Contributions, distributions and other (-€134,813) and Short-term financial debts (-€12,565)
- Receivables within one year -€27,210
down €27,210 (-45.6%), from €59,693 to €32,483
of which Other amounts receivable: -€18,048
- Reserves -€61,813
down €61,813 (-16.9%), from €366,213 to €304,400
- Short-term financial debts -€12,565
down €12,565 (-85.8%), from €14,649 to €2,083
- Tax, wage and social debts +€9,287
up €9,287 (+73.4%), from €12,652 to €21,939
of which Remuneration and social security: +€5,406
- Gross operating margin +€49,758
up €49,758 (+61.0%), from €81,517 to €131,275
- Other operating charges +€20,441
up €20,441 (+3595.9%), from €568 to €21,009
- Taxes +€9,640
up €9,640 (+43.4%), from €22,224 to €31,863
- Depreciation +€2,189
up €2,189 (+99.9%), from €2,192 to €4,381
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 | €542,078 | €479,139 | -€62,940 | -11.6% |
| Fixed assets | 21/28 | €10,489 | €7,230 | -€3,258 | -31.1% |
| Tangible fixed assets | 22/27 | €10,489 | €7,230 | -€3,258 | -31.1% |
| Plant, machinery and equipment | 23 | €39 | - | -€39 | |
| Furniture and vehicles | 24 | €10,450 | €7,230 | -€3,219 | -30.8% |
| Current assets | 29/58 | €531,590 | €471,909 | -€59,681 | -11.2% |
| Amounts receivable within one year | 40/41 | €59,693 | €32,483 | -€27,210 | -45.6% |
| Trade receivables | 40 | €41,645 | €32,483 | -€9,162 | -22.0% |
| Other amounts receivable | 41 | €18,048 | - | -€18,048 | |
| Cash at bank and in hand | 54/58 | €471,896 | €439,426 | -€32,471 | -6.9% |
| Total equity and liabilities | 10/49 | €542,078 | €479,139 | -€62,940 | -11.6% |
| Equity | 10/15 | €472,533 | €410,803 | -€61,730 | -13.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €366,213 | €304,400 | -€61,813 | -16.9% |
| Distributable reserves | 133 | €366,213 | €304,400 | -€61,813 | -16.9% |
| Profit (loss) carried forward | 14 | €93,919 | €94,003 | +€84 | +0.1% |
| Amounts payable | 17/49 | €69,546 | €68,336 | -€1,210 | -1.7% |
| Amounts payable within one year | 42/48 | €69,546 | €68,137 | -€1,409 | -2.0% |
| Financial debts | 43 | €14,649 | €2,083 | -€12,565 | -85.8% |
| Credit institutions | 430/8 | €14,649 | €2,083 | -€12,565 | -85.8% |
| Trade debts | 44 | €2,437 | €2,096 | -€341 | -14.0% |
| Suppliers | 440/4 | €2,437 | €2,096 | -€341 | -14.0% |
| Taxes, remuneration and social security | 45 | €12,652 | €21,939 | +€9,287 | +73.4% |
| Taxes | 450/3 | €11,129 | €15,009 | +€3,880 | +34.9% |
| Remuneration and social security | 454/9 | €1,523 | €6,929 | +€5,406 | +355.0% |
| Other amounts payable | 47/48 | €39,808 | €42,019 | +€2,211 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,192 | €4,381 | +€2,189 | +99.9% |
| Other operating charges | 640/8 | €568 | €21,009 | +€20,441 | +3595.9% |
| Gross operating margin | 9900 | €81,517 | €131,275 | +€49,758 | +61.0% |
| Operating profit (loss) | 9901 | €78,756 | €105,885 | +€27,128 | +34.4% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €1,113 | €985 | -€128 | -11.5% |
| Recurring financial charges | 65 | €1,113 | €985 | -€128 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €77,643 | €104,947 | +€27,304 | +35.2% |
| Income taxes | 67/77 | €22,224 | €31,863 | +€9,640 | +43.4% |
| Profit (loss) for the period | 9904 | €55,419 | €73,084 | +€17,664 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,419 | €73,084 | +€17,664 | +31.9% |
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 7 October 2026 via checked.be.