GC Conseil: 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.
GC Conseil
Largest movements
- Financial fixed assets -€150,000
down €150,000 (-79.2%), from €189,400 to €39,400
- Cash -€99,509
down €99,509 (-60.4%), from €164,720 to €65,211
mainly Contributions, distributions and other (-€219,181) and Receivables within one year (-€14,402)
- Receivables within one year +€14,402
up €14,402 (+3.7%), from €394,562 to €408,964
- Tangible fixed assets -€13,784
down €13,784 (-26.9%), from €51,212 to €37,428
of which Furniture and vehicles: -€13,784
- Reserves -€219,181
down €219,181 (-25.9%), from €847,444 to €628,263
- Tax, wage and social debts -€12,383
down €12,383 (-53.0%), from €23,342 to €10,959
- Profit (loss) carried forward -€12,119
new in 2025: -€12,119
- Financial income -€236,747
down €236,747 (-92.0%), from €257,326 to €20,580
- Taxes -€19,772
down €19,772, from €18,655 to -€1,118
- Gross operating margin +€19,335
up €19,335 (+54.5%), from -€35,459 to -€16,124
- Other operating charges -€1,614
down €1,614 (-53.3%), from €3,025 to €1,412
- Financial charges +€1,027
up €1,027 (+69.8%), from €1,470 to €2,497
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 | €870,785 | €627,702 | -€243,083 | -27.9% |
| Fixed assets | 21/28 | €240,612 | €76,828 | -€163,784 | -68.1% |
| Tangible fixed assets | 22/27 | €51,212 | €37,428 | -€13,784 | -26.9% |
| Furniture and vehicles | 24 | €47,784 | €34,000 | -€13,784 | -28.8% |
| Other tangible fixed assets | 26 | €3,428 | €3,428 | = | 0.0% |
| Financial fixed assets | 28 | €189,400 | €39,400 | -€150,000 | -79.2% |
| Current assets | 29/58 | €630,174 | €550,874 | -€79,299 | -12.6% |
| Amounts receivable within one year | 40/41 | €394,562 | €408,964 | +€14,402 | +3.7% |
| Other amounts receivable | 41 | €394,562 | €408,964 | +€14,402 | +3.7% |
| Current investments | 50/53 | €69,987 | €75,619 | +€5,631 | +8.0% |
| Cash at bank and in hand | 54/58 | €164,720 | €65,211 | -€99,509 | -60.4% |
| Deferred charges and accrued income | 490/1 | €905 | €1,081 | +€176 | +19.5% |
| Total equity and liabilities | 10/49 | €870,785 | €627,702 | -€243,083 | -27.9% |
| Equity | 10/15 | €847,444 | €616,143 | -€231,300 | -27.3% |
| Reserves | 13 | €847,444 | €628,263 | -€219,181 | -25.9% |
| Distributable reserves | 133 | €847,444 | €628,263 | -€219,181 | -25.9% |
| Profit (loss) carried forward | 14 | - | -€12,119 | -€12,119 | |
| Amounts payable | 17/49 | €23,342 | €11,559 | -€11,783 | -50.5% |
| Amounts payable within one year | 42/48 | €23,342 | €11,559 | -€11,783 | -50.5% |
| Trade debts | 44 | - | €600 | +€600 | |
| Suppliers | 440/4 | - | €600 | +€600 | |
| Taxes, remuneration and social security | 45 | €23,342 | €10,959 | -€12,383 | -53.0% |
| Taxes | 450/3 | €23,342 | €10,959 | -€12,383 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,441 | €13,784 | -€658 | -4.6% |
| Other operating charges | 640/8 | €3,025 | €1,412 | -€1,614 | -53.3% |
| Gross operating margin | 9900 | -€35,459 | -€16,124 | +€19,335 | +54.5% |
| Operating profit (loss) | 9901 | -€52,926 | -€31,320 | +€21,606 | +40.8% |
| Financial income | 75/76B | €257,326 | €20,580 | -€236,747 | -92.0% |
| Recurring financial income | 75 | €257,326 | €20,580 | -€236,747 | -92.0% |
| Financial charges | 65/66B | €1,470 | €2,497 | +€1,027 | +69.8% |
| Recurring financial charges | 65 | €1,470 | €2,497 | +€1,027 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €202,930 | -€13,237 | -€216,167 | |
| Income taxes | 67/77 | €18,655 | -€1,118 | -€19,772 | |
| Profit (loss) for the period | 9904 | €184,276 | -€12,119 | -€196,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €184,276 | -€12,119 | -€196,395 |
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 14 October 2026 via checked.be.