GCO CONSULTING: what changed
GCO CONSULTING
Largest movements
- Receivables within one year -€57,294
down €57,294 (-27.7%), from €206,695 to €149,400
of which Trade receivables: -€35,000
- Cash +€13,102
up €13,102 (+349%), from €3,751 to €16,853
mainly Receivables within one year (+€57,294) and Other debts (+€13,623)
- Tangible fixed assets -€5,477
down €5,477 (-40.2%), from €13,631 to €8,154
- Reserves -€32,782
down €32,782 (-18.6%), from €176,283 to €143,502
- Tax, wage and social debts -€28,904
down €28,904 (-67.1%), from €43,055 to €14,151
- Other debts +€13,623
new in 2025: €13,623
- Gross operating margin -€111,066
down €111,066, from €77,913 to -€33,153
- Taxes -€16,429
down €16,429 (-99.3%), from €16,540 to €111
- Financial charges -€889
down €889 (-34.1%), from €2,605 to €1,716
- Financial income +€806
up €806 (+10.3%), from €7,828 to €8,635
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,408 | €178,333 | -€48,076 | -21.2% |
| Fixed assets | 21/28 | €13,631 | €8,154 | -€5,477 | -40.2% |
| Tangible fixed assets | 22/27 | €13,631 | €8,154 | -€5,477 | -40.2% |
| Furniture and vehicles | 24 | €13,631 | €8,154 | -€5,477 | -40.2% |
| Current assets | 29/58 | €212,777 | €170,179 | -€42,598 | -20.0% |
| Amounts receivable within one year | 40/41 | €206,695 | €149,400 | -€57,294 | -27.7% |
| Trade receivables | 40 | €35,000 | €0 | -€35,000 | -100% |
| Other amounts receivable | 41 | €171,695 | €149,400 | -€22,294 | -13.0% |
| Cash at bank and in hand | 54/58 | €3,751 | €16,853 | +€13,102 | +349% |
| Deferred charges and accrued income | 490/1 | €2,331 | €3,926 | +€1,594 | +68.4% |
| Total equity and liabilities | 10/49 | €226,408 | €178,333 | -€48,076 | -21.2% |
| Equity | 10/15 | €177,283 | €144,502 | -€32,782 | -18.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €176,283 | €143,502 | -€32,782 | -18.6% |
| Distributable reserves | 133 | €176,283 | €143,502 | -€32,782 | -18.6% |
| Amounts payable | 17/49 | €49,125 | €33,831 | -€15,294 | -31.1% |
| Amounts payable within one year | 42/48 | €49,125 | €33,831 | -€15,294 | -31.1% |
| Trade debts | 44 | €6,070 | €6,057 | -€13 | -0.2% |
| Suppliers | 440/4 | €6,070 | €6,057 | -€13 | -0.2% |
| Taxes, remuneration and social security | 45 | €43,055 | €14,151 | -€28,904 | -67.1% |
| Taxes | 450/3 | €43,055 | €14,151 | -€28,904 | -67.1% |
| Other amounts payable | 47/48 | - | €13,623 | +€13,623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,477 | €5,477 | = | 0.0% |
| Other operating charges | 640/8 | €934 | €960 | +€26 | +2.7% |
| Gross operating margin | 9900 | €77,913 | -€33,153 | -€111,066 | |
| Operating profit (loss) | 9901 | €71,502 | -€39,590 | -€111,092 | |
| Financial income | 75/76B | €7,828 | €8,635 | +€806 | +10.3% |
| Recurring financial income | 75 | €7,828 | €8,635 | +€806 | +10.3% |
| Financial charges | 65/66B | €2,605 | €1,716 | -€889 | -34.1% |
| Recurring financial charges | 65 | €2,605 | €1,716 | -€889 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €76,725 | -€32,671 | -€109,396 | |
| Income taxes | 67/77 | €16,540 | €111 | -€16,429 | -99.3% |
| Profit (loss) for the period | 9904 | €60,185 | -€32,782 | -€92,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,185 | -€32,782 | -€92,967 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.