GC - 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.
GC - CONSULTING
Largest movements
- Current investments -€115,975
no longer reported in 2025 (was €115,975)
- Cash +€52,700
up €52,700 (+934%), from €5,645 to €58,346
mainly Short-term financial debts (+€150,224) and Current investments (+€115,975)
- Tangible fixed assets -€37,299
down €37,299 (-7.9%), from €469,199 to €431,900
of which Land and buildings: -€21,947
- Other debts -€300,989
down €300,989 (-34.4%), from €875,404 to €574,415
- Short-term financial debts +€150,224
up €150,224 (+146,189%), from €103 to €150,327
- Financial income -€38,941
down €38,941 (-60.5%), from €64,390 to €25,449
- Taxes -€16,224
down €16,224 (-39.5%), from €41,032 to €24,809
- Financial charges -€11,647
down €11,647 (-20.5%), from €56,718 to €45,072
- Gross operating margin +€8,142
up €8,142 (+7.6%), from €106,601 to €114,742
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 | €3,709,980 | €3,591,744 | -€118,236 | -3.2% |
| Fixed assets | 21/28 | €2,332,241 | €2,294,941 | -€37,299 | -1.6% |
| Tangible fixed assets | 22/27 | €469,199 | €431,900 | -€37,299 | -7.9% |
| Land and buildings | 22 | €423,869 | €401,922 | -€21,947 | -5.2% |
| Furniture and vehicles | 24 | €45,331 | €29,979 | -€15,352 | -33.9% |
| Financial fixed assets | 28 | €1,863,041 | €1,863,041 | = | 0.0% |
| Current assets | 29/58 | €1,377,740 | €1,296,803 | -€80,937 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,210,726 | €1,226,909 | +€16,183 | +1.3% |
| Trade receivables | 40 | €22,148 | €38,322 | +€16,174 | +73.0% |
| Other amounts receivable | 41 | €1,188,578 | €1,188,587 | +€10 | 0.0% |
| Current investments | 50/53 | €115,975 | - | -€115,975 | |
| Cash at bank and in hand | 54/58 | €5,645 | €58,346 | +€52,700 | +934% |
| Deferred charges and accrued income | 490/1 | €45,394 | €11,548 | -€33,846 | -74.6% |
| Total equity and liabilities | 10/49 | €3,709,980 | €3,591,744 | -€118,236 | -3.2% |
| Equity | 10/15 | €2,769,563 | €2,801,659 | +€32,096 | +1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,706,200 | €2,738,200 | +€32,000 | +1.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,700,000 | €2,732,000 | +€32,000 | +1.2% |
| Profit (loss) carried forward | 14 | €1,363 | €1,459 | +€96 | +7.1% |
| Amounts payable | 17/49 | €940,417 | €790,085 | -€150,332 | -16.0% |
| Amounts payable within one year | 42/48 | €884,353 | €747,454 | -€136,899 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €103 | €150,327 | +€150,224 | +146,189% |
| Credit institutions | 430/8 | €103 | €150,327 | +€150,224 | +146,189% |
| Trade debts | 44 | €1,612 | €655 | -€958 | -59.4% |
| Suppliers | 440/4 | €1,612 | €655 | -€958 | -59.4% |
| Taxes, remuneration and social security | 45 | €7,234 | €22,058 | +€14,824 | +205% |
| Taxes | 450/3 | €7,234 | €22,058 | +€14,824 | +205% |
| Other amounts payable | 47/48 | €875,404 | €574,415 | -€300,989 | -34.4% |
| Accrued charges and deferred income | 492/3 | €56,064 | €42,631 | -€13,433 | -24.0% |
| Non-recurring operating income | 76A | €4,380 | €11,985 | +€7,605 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,572 | €32,378 | -€194 | -0.6% |
| Other operating charges | 640/8 | €5,813 | €5,837 | +€25 | +0.4% |
| Gross operating margin | 9900 | €106,601 | €114,742 | +€8,142 | +7.6% |
| Operating profit (loss) | 9901 | €68,216 | €76,527 | +€8,311 | +12.2% |
| Financial income | 75/76B | €64,390 | €25,449 | -€38,941 | -60.5% |
| Recurring financial income | 75 | €64,390 | €25,449 | -€38,941 | -60.5% |
| Financial charges | 65/66B | €56,718 | €45,072 | -€11,647 | -20.5% |
| Recurring financial charges | 65 | €56,718 | €45,072 | -€11,647 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €75,888 | €56,905 | -€18,983 | -25.0% |
| Income taxes | 67/77 | €41,032 | €24,809 | -€16,224 | -39.5% |
| Profit (loss) for the period | 9904 | €34,856 | €32,096 | -€2,759 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,856 | €32,096 | -€2,759 | -7.9% |
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 18 October 2026 via checked.be.