GCL 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.
GCL Consulting
Largest movements
- Cash -€155,887
down €155,887 (-69.0%), from €225,882 to €69,996
mainly Contributions, distributions and other (-€205,882) and Tax, wage and social debts (-€39,969)
- Receivables within one year +€9,662
up €9,662 (+41.1%), from €23,532 to €33,194
of which Other amounts receivable: +€6,101
- Current investments +€8,000
new in 2025: €8,000
- Tangible fixed assets +€2,911
up €2,911 (+16.9%), from €17,207 to €20,118
of which Other tangible fixed assets: +€14,373
- Reserves -€97,629
down €97,629 (-46.5%), from €209,911 to €112,282
of which Distributable reserves: -€97,629
- Tax, wage and social debts -€39,969
down €39,969 (-74.1%), from €53,932 to €13,963
of which Taxes: -€39,864
- Turnover +€240,700
new in 2025: €240,700
- Purchases and services +€99,188
new in 2025: €99,188
- Gross operating margin -€40,716
down €40,716 (-22.1%), from €184,239 to €143,524
- Taxes -€9,966
down €9,966 (-24.5%), from €40,603 to €30,638
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 | €266,922 | €131,529 | -€135,394 | -50.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €17,207 | €20,118 | +€2,911 | +16.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €17,207 | €20,118 | +€2,911 | +16.9% |
| Land and buildings | 22 | €16,064 | €0 | -€16,064 | -100.0% |
| Plant, machinery and equipment | 23 | €1,143 | €804 | -€339 | -29.7% |
| Furniture and vehicles | 24 | - | €4,941 | +€4,941 | |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €14,373 | +€14,373 | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €249,715 | €111,411 | -€138,305 | -55.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €23,532 | €33,194 | +€9,662 | +41.1% |
| Trade receivables | 40 | €23,299 | €26,859 | +€3,560 | +15.3% |
| Other amounts receivable | 41 | €234 | €6,335 | +€6,101 | +2608.8% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €225,882 | €69,996 | -€155,887 | -69.0% |
| Deferred charges and accrued income | 490/1 | €300 | €221 | -€79 | -26.5% |
| Total equity and liabilities | 10/49 | €266,922 | €131,529 | -€135,394 | -50.7% |
| Equity | 10/15 | €212,986 | €115,357 | -€97,629 | -45.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €209,911 | €112,282 | -€97,629 | -46.5% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €209,911 | €112,282 | -€97,629 | -46.5% |
| Profit (loss) carried forward | 14 | €1,575 | €1,575 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €53,936 | €16,172 | -€37,764 | -70.0% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €53,936 | €16,172 | -€37,764 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Trade debts | 44 | - | €1,931 | +€1,931 | |
| Suppliers | 440/4 | - | €1,931 | +€1,931 | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €53,932 | €13,963 | -€39,969 | -74.1% |
| Taxes | 450/3 | €53,827 | €13,963 | -€39,864 | -74.1% |
| Remuneration and social security | 454/9 | €105 | - | -€105 | |
| Other amounts payable | 47/48 | €4 | €278 | +€274 | +6722.1% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €240,700 | +€240,700 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €99,188 | +€99,188 | |
| Remuneration, social security and pensions | 62 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186 | €2,448 | +€1,262 | +106.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €285 | €879 | +€594 | +208.1% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €184,239 | €143,524 | -€40,716 | -22.1% |
| Operating profit (loss) | 9901 | €182,768 | €140,128 | -€42,640 | -23.3% |
| Financial income | 75/76B | - | €513 | +€513 | |
| Recurring financial income | 75 | - | €513 | +€513 | |
| Financial charges | 65/66B | €3,105 | €1,750 | -€1,355 | -43.6% |
| Recurring financial charges | 65 | €3,105 | €1,750 | -€1,355 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €179,663 | €138,891 | -€40,772 | -22.7% |
| Income taxes | 67/77 | €40,603 | €30,638 | -€9,966 | -24.5% |
| Profit (loss) for the period | 9904 | €139,060 | €108,253 | -€30,807 | -22.2% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €139,060 | €108,253 | -€30,807 | -22.2% |
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 11 October 2026 via checked.be.