GD-ITCONSULTING: 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-ITCONSULTING
Largest movements
- Receivables within one year +€13,304
up €13,304 (+62.7%), from €21,218 to €34,522
of which Trade receivables: +€16,041
- Tangible fixed assets +€10,085
up €10,085 (+4.4%), from €231,204 to €241,290
of which Leasing and similar rights: +€17,112
- Cash -€9,841
down €9,841 (-26.6%), from €36,938 to €27,097
mainly Investment in fixed assets (net) (-€41,135) and Debts after one year (-€14,900)
- Reserves +€24,766
up €24,766 (+20.2%), from €122,780 to €147,546
- Debts after one year -€14,900
down €14,900 (-12.8%), from €116,595 to €101,695
- Current portion of long-term debt +€12,808
up €12,808 (+49.0%), from €26,129 to €38,937
- Other debts -€11,158
down €11,158 (-55.5%), from €20,098 to €8,940
- Tax, wage and social debts +€6,897
up €6,897 (+215%), from €3,204 to €10,101
- Gross operating margin +€29,446
up €29,446 (+56.5%), from €52,114 to €81,560
- Taxes +€10,426
up €10,426 (+159%), from €6,553 to €16,979
- Depreciation +€6,324
up €6,324 (+25.6%), from €24,725 to €31,050
- Financial charges -€6,042
down €6,042 (-59.4%), from €10,180 to €4,138
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 | €301,169 | €316,977 | +€15,808 | +5.2% |
| Fixed assets | 21/28 | €231,204 | €241,290 | +€10,085 | +4.4% |
| Tangible fixed assets | 22/27 | €231,204 | €241,290 | +€10,085 | +4.4% |
| Land and buildings | 22 | €176,828 | €167,152 | -€9,676 | -5.5% |
| Furniture and vehicles | 24 | €9,353 | €6,026 | -€3,327 | -35.6% |
| Leasing and similar rights | 25 | €31,569 | €48,681 | +€17,112 | +54.2% |
| Other tangible fixed assets | 26 | €13,454 | €19,431 | +€5,977 | +44.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €69,965 | €75,687 | +€5,723 | +8.2% |
| Amounts receivable within one year | 40/41 | €21,218 | €34,522 | +€13,304 | +62.7% |
| Trade receivables | 40 | €14,568 | €30,609 | +€16,041 | +110% |
| Other amounts receivable | 41 | €6,650 | €3,913 | -€2,737 | -41.2% |
| Current investments | 50/53 | €8,122 | €9,414 | +€1,292 | +15.9% |
| Cash at bank and in hand | 54/58 | €36,938 | €27,097 | -€9,841 | -26.6% |
| Deferred charges and accrued income | 490/1 | €3,687 | €4,654 | +€967 | +26.2% |
| Total equity and liabilities | 10/49 | €301,169 | €316,977 | +€15,808 | +5.2% |
| Equity | 10/15 | €128,980 | €153,746 | +€24,766 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,780 | €147,546 | +€24,766 | +20.2% |
| Distributable reserves | 133 | €122,780 | €147,546 | +€24,766 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,189 | €163,231 | -€8,958 | -5.2% |
| Amounts payable after more than one year | 17 | €116,595 | €101,695 | -€14,900 | -12.8% |
| Financial debts | 170/4 | €116,595 | €101,695 | -€14,900 | -12.8% |
| Amounts payable within one year | 42/48 | €55,595 | €61,536 | +€5,942 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €26,129 | €38,937 | +€12,808 | +49.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,164 | €3,558 | -€2,606 | -42.3% |
| Suppliers | 440/4 | €6,164 | €3,558 | -€2,606 | -42.3% |
| Taxes, remuneration and social security | 45 | €3,204 | €10,101 | +€6,897 | +215% |
| Taxes | 450/3 | €3,204 | €10,101 | +€6,897 | +215% |
| Other amounts payable | 47/48 | €20,098 | €8,940 | -€11,158 | -55.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,725 | €31,050 | +€6,324 | +25.6% |
| Other operating charges | 640/8 | €2,514 | €2,962 | +€449 | +17.9% |
| Gross operating margin | 9900 | €52,114 | €81,560 | +€29,446 | +56.5% |
| Operating profit (loss) | 9901 | €24,875 | €47,548 | +€22,673 | +91.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -28.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -28.9% |
| Financial charges | 65/66B | €10,180 | €4,138 | -€6,042 | -59.4% |
| Recurring financial charges | 65 | €10,180 | €4,138 | -€6,042 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €14,696 | €43,411 | +€28,715 | +195% |
| Income taxes | 67/77 | €6,553 | €16,979 | +€10,426 | +159% |
| Profit (loss) for the period | 9904 | €8,143 | €26,432 | +€18,289 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €8,143 | €26,432 | +€18,289 | +225% |
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 31 October 2026 via checked.be.