GDN CONSULTANCY: 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.
GDN CONSULTANCY
Largest movements
- Cash +€59,172
up €59,172 (+193%), from €30,667 to €89,839
mainly Depreciation (+€43,431) and Net result for the year (+€20,633)
- Tangible fixed assets -€43,431
down €43,431 (-3.7%), from €1.2m to €1.1m
of which Land and buildings: -€42,631
- Debts after one year -€27,648
down €27,648 (-3.7%), from €739,139 to €711,490
- Reserves +€20,632
up €20,632 (+11.4%), from €180,517 to €201,149
of which Distributable reserves: +€20,632
- Other debts +€20,282
up €20,282 (+5.9%), from €344,836 to €365,117
- Gross operating margin +€23,279
up €23,279 (+23.5%), from €98,894 to €122,173
- Financial charges +€8,370
up €8,370 (+22.8%), from €36,678 to €45,048
- Taxes +€4,343
up €4,343 (+57.6%), from €7,546 to €11,889
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 | €1,321,450 | €1,340,325 | +€18,875 | +1.4% |
| Fixed assets | 21/28 | €1,186,587 | €1,143,156 | -€43,431 | -3.7% |
| Tangible fixed assets | 22/27 | €1,182,127 | €1,138,696 | -€43,431 | -3.7% |
| Land and buildings | 22 | €1,180,481 | €1,137,850 | -€42,631 | -3.6% |
| Furniture and vehicles | 24 | €1,646 | €846 | -€800 | -48.6% |
| Financial fixed assets | 28 | €4,460 | €4,460 | = | 0.0% |
| Current assets | 29/58 | €134,863 | €197,169 | +€62,306 | +46.2% |
| Amounts receivable within one year | 40/41 | €104,196 | €105,630 | +€1,434 | +1.4% |
| Trade receivables | 40 | €99,300 | €100,734 | +€1,434 | +1.4% |
| Other amounts receivable | 41 | €4,896 | €4,896 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,667 | €89,839 | +€59,172 | +193% |
| Deferred charges and accrued income | 490/1 | €0 | €1,700 | +€1,700 | |
| Total equity and liabilities | 10/49 | €1,321,450 | €1,340,325 | +€18,875 | +1.4% |
| Equity | 10/15 | €193,535 | €214,168 | +€20,633 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,517 | €201,149 | +€20,632 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €180,517 | €201,149 | +€20,632 | +11.4% |
| Profit (loss) carried forward | 14 | €618 | €619 | +€1 | +0.2% |
| Amounts payable | 17/49 | €1,127,915 | €1,126,156 | -€1,758 | -0.2% |
| Amounts payable after more than one year | 17 | €739,139 | €711,490 | -€27,648 | -3.7% |
| Financial debts | 170/4 | €739,139 | €711,490 | -€27,648 | -3.7% |
| Amounts payable within one year | 42/48 | €388,776 | €414,666 | +€25,890 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €25,788 | €27,648 | +€1,860 | +7.2% |
| Financial debts | 43 | €0 | €7,333 | +€7,333 | |
| Credit institutions | 430/8 | - | €7,333 | +€7,333 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €14,131 | €2,410 | -€11,721 | -82.9% |
| Suppliers | 440/4 | €14,131 | €2,410 | -€11,721 | -82.9% |
| Taxes, remuneration and social security | 45 | €4,022 | €12,158 | +€8,136 | +202% |
| Taxes | 450/3 | €4,022 | €12,158 | +€8,136 | +202% |
| Other amounts payable | 47/48 | €344,836 | €365,117 | +€20,282 | +5.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,859 | €43,431 | +€572 | +1.3% |
| Other operating charges | 640/8 | €1,156 | €2,176 | +€1,020 | +88.2% |
| Gross operating margin | 9900 | €98,894 | €122,173 | +€23,279 | +23.5% |
| Operating profit (loss) | 9901 | €54,879 | €76,566 | +€21,688 | +39.5% |
| Financial income | 75/76B | €0 | €1,005 | +€1,005 | |
| Recurring financial income | 75 | €0 | €1,005 | +€1,005 | |
| Financial charges | 65/66B | €36,678 | €45,048 | +€8,370 | +22.8% |
| Recurring financial charges | 65 | €36,678 | €45,048 | +€8,370 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €18,201 | €32,523 | +€14,322 | +78.7% |
| Income taxes | 67/77 | €7,546 | €11,889 | +€4,343 | +57.6% |
| Profit (loss) for the period | 9904 | €10,654 | €20,633 | +€9,979 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,654 | €20,633 | +€9,979 | +93.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.