GD 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.
GD CONSULTING
Largest movements
- Receivables within one year +€18,630
up €18,630 (+80.7%), from €23,093 to €41,723
of which Trade receivables: +€20,243
- Tangible fixed assets -€2,708
down €2,708 (-4.5%), from €60,743 to €58,035
of which Land and buildings: -€1,867
- Other debts +€48,720
up €48,720 (+201%), from €24,248 to €72,968
- Reserves -€24,022
down €24,022 (-18.8%), from €128,003 to €103,981
- Debts after one year -€6,753
down €6,753 (-17.8%), from €37,867 to €31,114
- Gross operating margin +€12,529
up €12,529 (+24.3%), from €51,483 to €64,012
- Taxes +€3,810
up €3,810 (+30.2%), from €12,631 to €16,441
- Financial charges -€797
down €797 (-27.4%), from €2,905 to €2,108
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 | €244,705 | €258,518 | +€13,813 | +5.6% |
| Fixed assets | 21/28 | €60,743 | €58,035 | -€2,708 | -4.5% |
| Tangible fixed assets | 22/27 | €60,743 | €58,035 | -€2,708 | -4.5% |
| Land and buildings | 22 | €58,077 | €56,210 | -€1,867 | -3.2% |
| Plant, machinery and equipment | 23 | €1,287 | €845 | -€442 | -34.3% |
| Furniture and vehicles | 24 | €1,379 | €980 | -€399 | -29.0% |
| Current assets | 29/58 | €183,962 | €200,483 | +€16,521 | +9.0% |
| Amounts receivable within one year | 40/41 | €23,093 | €41,723 | +€18,630 | +80.7% |
| Trade receivables | 40 | €19,542 | €39,784 | +€20,243 | +104% |
| Other amounts receivable | 41 | €3,551 | €1,939 | -€1,613 | -45.4% |
| Cash at bank and in hand | 54/58 | €159,990 | €157,518 | -€2,473 | -1.5% |
| Deferred charges and accrued income | 490/1 | €879 | €1,242 | +€363 | +41.3% |
| Total equity and liabilities | 10/49 | €244,705 | €258,518 | +€13,813 | +5.6% |
| Equity | 10/15 | €170,348 | €146,327 | -€24,022 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €128,003 | €103,981 | -€24,022 | -18.8% |
| Distributable reserves | 133 | €128,003 | €103,981 | -€24,022 | -18.8% |
| Profit (loss) carried forward | 14 | €36,146 | €36,146 | = | 0.0% |
| Amounts payable | 17/49 | €74,357 | €112,191 | +€37,835 | +50.9% |
| Amounts payable after more than one year | 17 | €37,867 | €31,114 | -€6,753 | -17.8% |
| Financial debts | 170/4 | €37,867 | €31,114 | -€6,753 | -17.8% |
| Amounts payable within one year | 42/48 | €36,490 | €81,077 | +€44,588 | +122% |
| Current portion of amounts payable after more than one year | 42 | €6,641 | €6,753 | +€112 | +1.7% |
| Trade debts | 44 | €2,482 | €260 | -€2,222 | -89.5% |
| Suppliers | 440/4 | €2,482 | €260 | -€2,222 | -89.5% |
| Taxes, remuneration and social security | 45 | €3,119 | €1,097 | -€2,022 | -64.8% |
| Taxes | 450/3 | €3,119 | €1,097 | -€2,022 | -64.8% |
| Other amounts payable | 47/48 | €24,248 | €72,968 | +€48,720 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,082 | €2,708 | -€374 | -12.1% |
| Other operating charges | 640/8 | €696 | €715 | +€20 | +2.8% |
| Gross operating margin | 9900 | €51,483 | €64,012 | +€12,529 | +24.3% |
| Operating profit (loss) | 9901 | €47,704 | €60,589 | +€12,884 | +27.0% |
| Financial income | 75/76B | €138 | €525 | +€386 | +279% |
| Recurring financial income | 75 | €138 | €525 | +€386 | +279% |
| Financial charges | 65/66B | €2,905 | €2,108 | -€797 | -27.4% |
| Recurring financial charges | 65 | €2,905 | €2,108 | -€797 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €44,938 | €59,005 | +€14,067 | +31.3% |
| Income taxes | 67/77 | €12,631 | €16,441 | +€3,810 | +30.2% |
| Profit (loss) for the period | 9904 | €32,307 | €42,564 | +€10,257 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,307 | €42,564 | +€10,257 | +31.7% |
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 22 October 2026 via checked.be.