GD Consult: 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.
GD Consult
Largest movements
- Receivables within one year +€7,180
new in 2025: €7,180
- Cash -€4,218
down €4,218 (-48.6%), from €8,675 to €4,457
mainly Receivables within one year (-€7,180) and Debts after one year (-€4,677)
- Tangible fixed assets -€1,693
down €1,693 (-23.8%), from €7,117 to €5,424
of which Furniture and vehicles: -€1,216
- Debts after one year -€4,677
down €4,677 (-74.3%), from €6,299 to €1,622
- Profit (loss) carried forward +€4,352
up €4,352 (+83.9%), from €5,187 to €9,539
- Tax, wage and social debts +€1,881
up €1,881 (+16.9%), from €11,106 to €12,987
- Advances received -€1,000
no longer reported in 2025 (was €1,000)
- Trade debts +€448
up €448 (+53.5%), from €837 to €1,286
- Gross operating margin +€3,687
up €3,687 (+33.5%), from €10,997 to €14,684
- Taxes +€2,666
up €2,666 (+178%), from €1,500 to €4,166
- Other operating charges -€1,576
down €1,576 (-69.2%), from €2,276 to €700
- Financial charges +€524
up €524 (+16.1%), from €3,249 to €3,773
- Depreciation +€346
up €346 (+25.7%), from €1,346 to €1,693
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 | €36,292 | €37,561 | +€1,270 | +3.5% |
| Fixed assets | 21/28 | €27,617 | €25,924 | -€1,693 | -6.1% |
| Tangible fixed assets | 22/27 | €7,117 | €5,424 | -€1,693 | -23.8% |
| Plant, machinery and equipment | 23 | €2,105 | €1,628 | -€477 | -22.7% |
| Furniture and vehicles | 24 | €5,011 | €3,796 | -€1,216 | -24.3% |
| Financial fixed assets | 28 | €20,500 | €20,500 | = | 0.0% |
| Current assets | 29/58 | €8,675 | €11,637 | +€2,962 | +34.1% |
| Amounts receivable within one year | 40/41 | - | €7,180 | +€7,180 | |
| Trade receivables | 40 | - | €7,180 | +€7,180 | |
| Cash at bank and in hand | 54/58 | €8,675 | €4,457 | -€4,218 | -48.6% |
| Total equity and liabilities | 10/49 | €36,292 | €37,561 | +€1,270 | +3.5% |
| Equity | 10/15 | €7,187 | €11,539 | +€4,352 | +60.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,187 | €9,539 | +€4,352 | +83.9% |
| Amounts payable | 17/49 | €29,105 | €26,022 | -€3,083 | -10.6% |
| Amounts payable after more than one year | 17 | €6,299 | €1,622 | -€4,677 | -74.3% |
| Financial debts | 170/4 | €6,299 | €1,622 | -€4,677 | -74.3% |
| Amounts payable within one year | 42/48 | €22,807 | €24,400 | +€1,594 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €4,447 | €4,677 | +€230 | +5.2% |
| Trade debts | 44 | €837 | €1,286 | +€448 | +53.5% |
| Suppliers | 440/4 | €837 | €1,286 | +€448 | +53.5% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €11,106 | €12,987 | +€1,881 | +16.9% |
| Taxes | 450/3 | €11,106 | €12,987 | +€1,881 | +16.9% |
| Other amounts payable | 47/48 | €5,416 | €5,451 | +€35 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,346 | €1,693 | +€346 | +25.7% |
| Other operating charges | 640/8 | €2,276 | €700 | -€1,576 | -69.2% |
| Gross operating margin | 9900 | €10,997 | €14,684 | +€3,687 | +33.5% |
| Operating profit (loss) | 9901 | €7,375 | €12,291 | +€4,916 | +66.7% |
| Financial charges | 65/66B | €3,249 | €3,773 | +€524 | +16.1% |
| Recurring financial charges | 65 | €3,249 | €3,773 | +€524 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €4,127 | €8,518 | +€4,392 | +106% |
| Income taxes | 67/77 | €1,500 | €4,166 | +€2,666 | +178% |
| Profit (loss) for the period | 9904 | €2,626 | €4,352 | +€1,726 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,626 | €4,352 | +€1,726 | +65.7% |
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 27 October 2026 via checked.be.