GDHCONSULT: 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.
GDHCONSULT
Largest movements
- Current investments +€107,989
new in 2025: €107,989
- Cash -€65,446
down €65,446 (-64.1%), from €102,143 to €36,696
mainly Current investments (-€107,989) and Receivables within one year (-€15,362)
- Receivables within one year +€15,362
up €15,362 (+39.6%), from €38,832 to €54,194
of which Trade receivables: +€19,275
- Reserves +€45,648
up €45,648 (+35.6%), from €128,120 to €173,767
- Other debts +€8,682
up €8,682 (+1209.0%), from €718 to €9,400
- Gross operating margin +€12,698
up €12,698 (+18.9%), from €67,283 to €79,981
- Taxes +€3,069
up €3,069 (+13.9%), from €22,012 to €25,081
- Financial income -€2,610
down €2,610 (-92.7%), from €2,815 to €205
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 | €151,965 | €208,231 | +€56,266 | +37.0% |
| Fixed assets | 21/28 | €10,990 | €9,352 | -€1,638 | -14.9% |
| Tangible fixed assets | 22/27 | €10,990 | €9,352 | -€1,638 | -14.9% |
| Land and buildings | 22 | €1,151 | €778 | -€372 | -32.4% |
| Furniture and vehicles | 24 | €9,839 | €8,573 | -€1,266 | -12.9% |
| Current assets | 29/58 | €140,975 | €198,880 | +€57,904 | +41.1% |
| Amounts receivable within one year | 40/41 | €38,832 | €54,194 | +€15,362 | +39.6% |
| Trade receivables | 40 | - | €19,275 | +€19,275 | |
| Other amounts receivable | 41 | €38,832 | €34,919 | -€3,913 | -10.1% |
| Current investments | 50/53 | - | €107,989 | +€107,989 | |
| Cash at bank and in hand | 54/58 | €102,143 | €36,696 | -€65,446 | -64.1% |
| Total equity and liabilities | 10/49 | €151,965 | €208,231 | +€56,266 | +37.0% |
| Equity | 10/15 | €146,720 | €192,367 | +€45,648 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,120 | €173,767 | +€45,648 | +35.6% |
| Distributable reserves | 133 | €128,120 | €173,767 | +€45,648 | +35.6% |
| Amounts payable | 17/49 | €5,245 | €15,864 | +€10,619 | +202.4% |
| Amounts payable within one year | 42/48 | €5,245 | €15,864 | +€10,619 | +202.4% |
| Trade debts | 44 | €368 | €279 | -€89 | -24.1% |
| Suppliers | 440/4 | €368 | €279 | -€89 | -24.1% |
| Taxes, remuneration and social security | 45 | €4,159 | €6,184 | +€2,025 | +48.7% |
| Taxes | 450/3 | €4,159 | €5,911 | +€1,752 | +42.1% |
| Remuneration and social security | 454/9 | - | €273 | +€273 | |
| Other amounts payable | 47/48 | €718 | €9,400 | +€8,682 | +1209.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €1,638 | +€212 | +14.9% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €67,283 | €79,981 | +€12,698 | +18.9% |
| Operating profit (loss) | 9901 | €65,472 | €78,343 | +€12,871 | +19.7% |
| Financial income | 75/76B | €2,815 | €205 | -€2,610 | -92.7% |
| Recurring financial income | 75 | €2,815 | €205 | -€2,610 | -92.7% |
| Financial charges | 65/66B | €78 | €72 | -€5 | -7.0% |
| Recurring financial charges | 65 | €78 | €72 | -€5 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €68,209 | €78,476 | +€10,266 | +15.1% |
| Income taxes | 67/77 | €22,012 | €25,081 | +€3,069 | +13.9% |
| Profit (loss) for the period | 9904 | €46,197 | €53,395 | +€7,197 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,197 | €53,395 | +€7,197 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.