GDConsult: what changed
Two fiscal 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.
GDConsult
Largest movements
- Current investments -€74,501
down €74,501 (-49.7%), from €149,993 to €75,492
- Cash +€37,998
up €37,998 (+44.1%), from €86,128 to €124,126
mainly Current investments (+€74,501) and Net result for the year (+€64,644)
- Tangible fixed assets -€10,841
down €10,841 (-28.4%), from €38,121 to €27,280
of which Furniture and vehicles: -€10,481
- Receivables within one year -€2,954
down €2,954 (-58.3%), from €5,065 to €2,111
- Debts after one year -€60,000
no longer reported in 2025 (was €60,000)
- Other debts +€13,200
up €13,200 (+26.2%), from €50,300 to €63,500
- Trade debts -€3,093
down €3,093 (-94.7%), from €3,268 to €175
- Financial income +€11,533
up €11,533 (+130.6%), from €8,831 to €20,364
- Taxes -€5,758
down €5,758 (-32.5%), from €17,735 to €11,977
- Gross operating margin -€4,469
down €4,469 (-6.1%), from €72,989 to €68,520
- Other operating charges -€1,096
down €1,096 (-73.3%), from €1,496 to €400
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.
Cash bridge derived
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 | €280,077 | €229,008 | -€51,069 | -18.2% |
| Fixed assets | 21/28 | €38,121 | €27,280 | -€10,841 | -28.4% |
| Tangible fixed assets | 22/27 | €38,121 | €27,280 | -€10,841 | -28.4% |
| Furniture and vehicles | 24 | €37,463 | €26,982 | -€10,481 | -28.0% |
| Other tangible fixed assets | 26 | €658 | €298 | -€360 | -54.7% |
| Current assets | 29/58 | €241,956 | €201,728 | -€40,228 | -16.6% |
| Amounts receivable within one year | 40/41 | €5,065 | €2,111 | -€2,954 | -58.3% |
| Other amounts receivable | 41 | €5,065 | €2,111 | -€2,954 | -58.3% |
| Current investments | 50/53 | €149,993 | €75,492 | -€74,501 | -49.7% |
| Cash at bank and in hand | 54/58 | €86,128 | €124,126 | +€37,998 | +44.1% |
| Deferred charges and accrued income | 490/1 | €771 | - | -€771 | |
| Total equity and liabilities | 10/49 | €280,077 | €229,008 | -€51,069 | -18.2% |
| Equity | 10/15 | €149,912 | €151,056 | +€1,144 | +0.8% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €137,500 | €137,500 | = | 0.0% |
| Distributable reserves | 133 | €137,500 | €137,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,012 | €11,156 | +€1,144 | +11.4% |
| Amounts payable | 17/49 | €130,166 | €77,953 | -€52,213 | -40.1% |
| Amounts payable after more than one year | 17 | €60,000 | - | -€60,000 | |
| Other amounts payable | 178/9 | €60,000 | - | -€60,000 | |
| Amounts payable within one year | 42/48 | €69,227 | €77,953 | +€8,726 | +12.6% |
| Trade debts | 44 | €3,268 | €175 | -€3,093 | -94.7% |
| Suppliers | 440/4 | €3,268 | €175 | -€3,093 | -94.7% |
| Taxes, remuneration and social security | 45 | €15,659 | €14,278 | -€1,381 | -8.8% |
| Taxes | 450/3 | €15,659 | €14,278 | -€1,381 | -8.8% |
| Other amounts payable | 47/48 | €50,300 | €63,500 | +€13,200 | +26.2% |
| Accrued charges and deferred income | 492/3 | €939 | - | -€939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,181 | €11,129 | -€52 | -0.5% |
| Other operating charges | 640/8 | €1,496 | €400 | -€1,096 | -73.3% |
| Gross operating margin | 9900 | €72,989 | €68,520 | -€4,469 | -6.1% |
| Operating profit (loss) | 9901 | €60,312 | €56,991 | -€3,321 | -5.5% |
| Financial income | 75/76B | €8,831 | €20,364 | +€11,533 | +130.6% |
| Recurring financial income | 75 | €8,831 | €20,364 | +€11,533 | +130.6% |
| Financial charges | 65/66B | €1,100 | €734 | -€367 | -33.3% |
| Recurring financial charges | 65 | €1,100 | €734 | -€367 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €68,043 | €76,621 | +€8,578 | +12.6% |
| Income taxes | 67/77 | €17,735 | €11,977 | -€5,758 | -32.5% |
| Profit (loss) for the period | 9904 | €50,308 | €64,644 | +€14,336 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,308 | €64,644 | +€14,336 | +28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.