GDL 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.
GDL Consulting
Largest movements
- Financial fixed assets +€86,267
up €86,267 (+10.2%), from €846,181 to €932,447
- Receivables within one year +€25,853
up €25,853 (+248%), from €10,417 to €36,271
of which Trade receivables: +€22,763
- Cash +€24,629
up €24,629 (+56.3%), from €43,708 to €68,336
mainly Net result for the year (+€179,628) and Current portion of long-term debt (+€33,739)
- Profit (loss) carried forward +€47,628
up €47,628 (+7.1%), from €668,478 to €716,105
- Current portion of long-term debt +€33,739
up €33,739 (+46.6%), from €72,345 to €106,084
- Debts after one year +€21,299
up €21,299 (+3.6%), from €587,073 to €608,372
- Trade debts +€20,239
up €20,239 (+172%), from €11,753 to €31,992
- Financial income -€35,654
down €35,654 (-20.9%), from €170,951 to €135,296
- Gross operating margin +€12,708
up €12,708 (+14.0%), from €90,705 to €103,413
- Depreciation +€1,323
up €1,323 (+10.8%), from €12,219 to €13,542
- Financial charges +€1,277
up €1,277 (+5.7%), from €22,512 to €23,789
- Taxes +€1,240
up €1,240 (+6.8%), from €18,289 to €19,529
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 | €1,377,941 | €1,507,126 | +€129,185 | +9.4% |
| Fixed assets | 21/28 | €1,198,036 | €1,278,587 | +€80,552 | +6.7% |
| Tangible fixed assets | 22/27 | €351,855 | €346,140 | -€5,715 | -1.6% |
| Land and buildings | 22 | €348,926 | €339,901 | -€9,025 | -2.6% |
| Plant, machinery and equipment | 23 | €2,689 | €1,899 | -€789 | -29.4% |
| Furniture and vehicles | 24 | €241 | €4,340 | +€4,099 | +1,704% |
| Financial fixed assets | 28 | €846,181 | €932,447 | +€86,267 | +10.2% |
| Current assets | 29/58 | €179,905 | €228,539 | +€48,634 | +27.0% |
| Amounts receivable after more than one year | 29 | €112,656 | €112,656 | = | 0.0% |
| Other amounts receivable | 291 | €112,656 | €112,656 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,417 | €36,271 | +€25,853 | +248% |
| Trade receivables | 40 | €1,861 | €24,624 | +€22,763 | +1,223% |
| Other amounts receivable | 41 | €8,556 | €11,647 | +€3,091 | +36.1% |
| Cash at bank and in hand | 54/58 | €43,708 | €68,336 | +€24,629 | +56.3% |
| Deferred charges and accrued income | 490/1 | €13,124 | €11,276 | -€1,848 | -14.1% |
| Total equity and liabilities | 10/49 | €1,377,941 | €1,507,126 | +€129,185 | +9.4% |
| Equity | 10/15 | €676,538 | €724,165 | +€47,628 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €668,478 | €716,105 | +€47,628 | +7.1% |
| Amounts payable | 17/49 | €701,403 | €782,961 | +€81,558 | +11.6% |
| Amounts payable after more than one year | 17 | €587,073 | €608,372 | +€21,299 | +3.6% |
| Financial debts | 170/4 | €587,073 | €608,372 | +€21,299 | +3.6% |
| Amounts payable within one year | 42/48 | €111,919 | €171,088 | +€59,168 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €72,345 | €106,084 | +€33,739 | +46.6% |
| Trade debts | 44 | €11,753 | €31,992 | +€20,239 | +172% |
| Suppliers | 440/4 | €11,753 | €31,992 | +€20,239 | +172% |
| Taxes, remuneration and social security | 45 | €27,821 | €33,012 | +€5,191 | +18.7% |
| Taxes | 450/3 | €27,778 | €28,862 | +€1,084 | +3.9% |
| Remuneration and social security | 454/9 | €43 | €4,150 | +€4,107 | +9,534% |
| Accrued charges and deferred income | 492/3 | €2,411 | €3,501 | +€1,090 | +45.2% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €13,542 | +€1,323 | +10.8% |
| Other operating charges | 640/8 | €1,419 | €2,221 | +€802 | +56.5% |
| Gross operating margin | 9900 | €90,705 | €103,413 | +€12,708 | +14.0% |
| Operating profit (loss) | 9901 | €77,067 | €87,650 | +€10,582 | +13.7% |
| Financial income | 75/76B | €170,951 | €135,296 | -€35,654 | -20.9% |
| Recurring financial income | 75 | €170,951 | €135,296 | -€35,654 | -20.9% |
| Financial charges | 65/66B | €22,512 | €23,789 | +€1,277 | +5.7% |
| Recurring financial charges | 65 | €22,512 | €23,789 | +€1,277 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €225,506 | €199,157 | -€26,349 | -11.7% |
| Income taxes | 67/77 | €18,289 | €19,529 | +€1,240 | +6.8% |
| Profit (loss) for the period | 9904 | €207,217 | €179,628 | -€27,589 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €207,217 | €179,628 | -€27,589 | -13.3% |
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 17 October 2026 via checked.be.