GDB 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.
GDB CONSULTING
Largest movements
- Receivables within one year +€137,346
up €137,346 (+37.7%), from €364,781 to €502,127
of which Other amounts receivable: +€173,058
- Cash +€46,116
up €46,116 (+6,549%), from €704 to €46,821
mainly Short-term financial debts (+€125,000) and Net result for the year (+€81,007)
- Tangible fixed assets -€9,042
down €9,042 (-30.6%), from €29,504 to €20,461
of which Other tangible fixed assets: -€7,932
- Short-term financial debts +€125,000
new in 2025: €125,000
- Reserves +€80,174
up €80,174 (+26.9%), from €297,622 to €377,796
- Other debts -€39,715
down €39,715 (-97.9%), from €40,548 to €833
- Tax, wage and social debts +€7,204
up €7,204 (+17.6%), from €40,892 to €48,096
of which Taxes: +€7,174
- Gross operating margin -€23,239
down €23,239 (-16.8%), from €138,586 to €115,347
- Taxes -€7,094
down €7,094 (-17.7%), from €40,141 to €33,047
- Financial income +€4,822
up €4,822 (+57.9%), from €8,328 to €13,150
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 | €405,240 | €578,668 | +€173,428 | +42.8% |
| Fixed assets | 21/28 | €29,504 | €20,461 | -€9,042 | -30.6% |
| Tangible fixed assets | 22/27 | €29,504 | €20,461 | -€9,042 | -30.6% |
| Furniture and vehicles | 24 | €2,273 | €1,162 | -€1,110 | -48.8% |
| Other tangible fixed assets | 26 | €27,231 | €19,299 | -€7,932 | -29.1% |
| Current assets | 29/58 | €375,736 | €558,207 | +€182,470 | +48.6% |
| Amounts receivable within one year | 40/41 | €364,781 | €502,127 | +€137,346 | +37.7% |
| Trade receivables | 40 | €54,450 | €18,738 | -€35,712 | -65.6% |
| Other amounts receivable | 41 | €310,331 | €483,389 | +€173,058 | +55.8% |
| Cash at bank and in hand | 54/58 | €704 | €46,821 | +€46,116 | +6,549% |
| Deferred charges and accrued income | 490/1 | €10,251 | €9,259 | -€993 | -9.7% |
| Total equity and liabilities | 10/49 | €405,240 | €578,668 | +€173,428 | +42.8% |
| Equity | 10/15 | €317,622 | €397,796 | +€80,174 | +25.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €297,622 | €377,796 | +€80,174 | +26.9% |
| Distributable reserves | 133 | €297,622 | €377,796 | +€80,174 | +26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,618 | €180,872 | +€93,254 | +106% |
| Amounts payable within one year | 42/48 | €85,127 | €179,861 | +€94,734 | +111% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €3,687 | €5,932 | +€2,245 | +60.9% |
| Suppliers | 440/4 | €3,687 | €5,932 | +€2,245 | +60.9% |
| Taxes, remuneration and social security | 45 | €40,892 | €48,096 | +€7,204 | +17.6% |
| Taxes | 450/3 | €37,395 | €44,568 | +€7,174 | +19.2% |
| Remuneration and social security | 454/9 | €3,497 | €3,528 | +€31 | +0.9% |
| Other amounts payable | 47/48 | €40,548 | €833 | -€39,715 | -97.9% |
| Accrued charges and deferred income | 492/3 | €2,491 | €1,011 | -€1,480 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,042 | €9,042 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,558 | €925 | -€633 | -40.6% |
| Gross operating margin | 9900 | €138,586 | €115,347 | -€23,239 | -16.8% |
| Operating profit (loss) | 9901 | €127,986 | €105,379 | -€22,606 | -17.7% |
| Financial income | 75/76B | €8,328 | €13,150 | +€4,822 | +57.9% |
| Recurring financial income | 75 | €8,328 | €13,150 | +€4,822 | +57.9% |
| Financial charges | 65/66B | €4,266 | €4,476 | +€209 | +4.9% |
| Recurring financial charges | 65 | €4,266 | €4,476 | +€209 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €132,047 | €114,054 | -€17,993 | -13.6% |
| Income taxes | 67/77 | €40,141 | €33,047 | -€7,094 | -17.7% |
| Profit (loss) for the period | 9904 | €91,906 | €81,007 | -€10,899 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,906 | €81,007 | -€10,899 | -11.9% |
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 14 October 2026 via checked.be.