GDM 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.
GDM CONSULTING
Largest movements
- Receivables within one year +€77,372
up €77,372 (+68.7%), from €112,599 to €189,970
of which Other amounts receivable: +€39,311
- Cash -€28,771
down €28,771 (-67.3%), from €42,728 to €13,957
mainly Receivables within one year (-€77,372) and Short-term financial debts (-€30,197)
- Financial fixed assets -€23,385
down €23,385 (-2.0%), from €1.1m to €1.1m
- Reserves +€55,867
up €55,867 (+9.6%), from €579,760 to €635,627
- Short-term financial debts -€30,197
down €30,197 (-49.7%), from €60,778 to €30,581
- Debts after one year -€25,172
down €25,172 (-38.7%), from €65,027 to €39,855
- Gross operating margin -€68,488
down €68,488 (-40.8%), from €168,023 to €99,535
- Taxes -€20,707
down €20,707 (-39.4%), from €52,557 to €31,850
- Financial charges -€2,433
down €2,433 (-29.7%), from €8,185 to €5,752
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 | €1,766,730 | €1,762,990 | -€3,740 | -0.2% |
| Fixed assets | 21/28 | €1,297,950 | €1,262,732 | -€35,217 | -2.7% |
| Tangible fixed assets | 22/27 | €152,037 | €140,204 | -€11,833 | -7.8% |
| Land and buildings | 22 | €132,200 | €127,235 | -€4,965 | -3.8% |
| Plant, machinery and equipment | 23 | €1,623 | €869 | -€754 | -46.5% |
| Furniture and vehicles | 24 | €3,815 | €2,559 | -€1,256 | -32.9% |
| Other tangible fixed assets | 26 | €14,399 | €9,541 | -€4,858 | -33.7% |
| Financial fixed assets | 28 | €1,145,913 | €1,122,528 | -€23,385 | -2.0% |
| Current assets | 29/58 | €468,780 | €500,257 | +€31,477 | +6.7% |
| Amounts receivable after more than one year | 29 | €275,000 | €275,000 | = | 0.0% |
| Other amounts receivable | 291 | €275,000 | €275,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,599 | €189,970 | +€77,372 | +68.7% |
| Trade receivables | 40 | €55,444 | €93,505 | +€38,061 | +68.6% |
| Other amounts receivable | 41 | €57,155 | €96,465 | +€39,311 | +68.8% |
| Current investments | 50/53 | €36,173 | €20,963 | -€15,210 | -42.0% |
| Cash at bank and in hand | 54/58 | €42,728 | €13,957 | -€28,771 | -67.3% |
| Deferred charges and accrued income | 490/1 | €2,281 | €367 | -€1,913 | -83.9% |
| Total equity and liabilities | 10/49 | €1,766,730 | €1,762,990 | -€3,740 | -0.2% |
| Equity | 10/15 | €1,509,760 | €1,565,627 | +€55,867 | +3.7% |
| Contributions | 10/11 | €930,000 | €930,000 | = | 0.0% |
| Reserves | 13 | €579,760 | €635,627 | +€55,867 | +9.6% |
| Distributable reserves | 133 | €579,760 | €635,627 | +€55,867 | +9.6% |
| Amounts payable | 17/49 | €256,970 | €197,362 | -€59,607 | -23.2% |
| Amounts payable after more than one year | 17 | €65,027 | €39,855 | -€25,172 | -38.7% |
| Financial debts | 170/4 | €65,027 | €39,855 | -€25,172 | -38.7% |
| Amounts payable within one year | 42/48 | €189,622 | €157,507 | -€32,114 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €39,121 | €25,172 | -€13,949 | -35.7% |
| Financial debts | 43 | €60,778 | €30,581 | -€30,197 | -49.7% |
| Credit institutions | 430/8 | €60,778 | €30,581 | -€30,197 | -49.7% |
| Trade debts | 44 | €10,487 | €17,951 | +€7,465 | +71.2% |
| Suppliers | 440/4 | €10,487 | €17,951 | +€7,465 | +71.2% |
| Taxes, remuneration and social security | 45 | €14,217 | €16,833 | +€2,617 | +18.4% |
| Taxes | 450/3 | €11,514 | €16,833 | +€5,319 | +46.2% |
| Remuneration and social security | 454/9 | €2,703 | €0 | -€2,703 | -100% |
| Other amounts payable | 47/48 | €65,018 | €66,969 | +€1,951 | +3.0% |
| Accrued charges and deferred income | 492/3 | €2,321 | €0 | -€2,321 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,631 | €11,833 | +€202 | +1.7% |
| Other operating charges | 640/8 | €2,684 | €3,518 | +€834 | +31.1% |
| Non-recurring operating charges | 66A | - | €330 | +€330 | |
| Gross operating margin | 9900 | €168,023 | €99,535 | -€68,488 | -40.8% |
| Operating profit (loss) | 9901 | €153,709 | €83,855 | -€69,854 | -45.4% |
| Financial income | 75/76B | €9,953 | €9,614 | -€338 | -3.4% |
| Recurring financial income | 75 | €9,953 | €9,614 | -€338 | -3.4% |
| Financial charges | 65/66B | €8,185 | €5,752 | -€2,433 | -29.7% |
| Recurring financial charges | 65 | €8,185 | €5,752 | -€2,433 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €155,476 | €87,717 | -€67,759 | -43.6% |
| Income taxes | 67/77 | €52,557 | €31,850 | -€20,707 | -39.4% |
| Profit (loss) for the period | 9904 | €102,919 | €55,867 | -€47,052 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,919 | €55,867 | -€47,052 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.