GDN 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.
GDN CONSULTING
Largest movements
- Receivables within one year -€107,778
down €107,778 (-27.8%), from €387,802 to €280,024
of which Other amounts receivable: -€108,942
- Cash +€31,059
up €31,059 (+178%), from €17,459 to €48,517
mainly Receivables within one year (+€107,778) and Net result for the year (+€58,496)
- Reserves -€80,019
down €80,019 (-20.4%), from €393,197 to €313,178
- Gross operating margin +€4,398
up €4,398 (+7.5%), from €58,636 to €63,034
- Financial income +€3,510
up €3,510 (+18.8%), from €18,634 to €22,144
- Taxes +€2,316
up €2,316 (+11.2%), from €20,724 to €23,040
- Depreciation +€749
up €749 (+70.5%), from €1,063 to €1,813
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 | €449,076 | €371,593 | -€77,483 | -17.3% |
| Fixed assets | 21/28 | €4,790 | €4,043 | -€747 | -15.6% |
| Tangible fixed assets | 22/27 | €4,753 | €4,006 | -€747 | -15.7% |
| Plant, machinery and equipment | 23 | €1,786 | €1,069 | -€717 | -40.1% |
| Furniture and vehicles | 24 | €1,542 | €1,797 | +€255 | +16.5% |
| Other tangible fixed assets | 26 | €1,426 | €1,140 | -€285 | -20.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €444,286 | €367,550 | -€76,736 | -17.3% |
| Amounts receivable after more than one year | 29 | €33,661 | €33,426 | -€235 | -0.7% |
| Other amounts receivable | 291 | €33,661 | €33,426 | -€235 | -0.7% |
| Amounts receivable within one year | 40/41 | €387,802 | €280,024 | -€107,778 | -27.8% |
| Trade receivables | 40 | €14,276 | €15,441 | +€1,165 | +8.2% |
| Other amounts receivable | 41 | €373,526 | €264,584 | -€108,942 | -29.2% |
| Cash at bank and in hand | 54/58 | €17,459 | €48,517 | +€31,059 | +178% |
| Deferred charges and accrued income | 490/1 | €5,364 | €5,582 | +€219 | +4.1% |
| Total equity and liabilities | 10/49 | €449,076 | €371,593 | -€77,483 | -17.3% |
| Equity | 10/15 | €425,040 | €345,021 | -€80,019 | -18.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €393,197 | €313,178 | -€80,019 | -20.4% |
| Distributable reserves | 133 | €393,197 | €313,178 | -€80,019 | -20.4% |
| Profit (loss) carried forward | 14 | €19,243 | €19,243 | = | 0.0% |
| Amounts payable | 17/49 | €24,036 | €26,572 | +€2,536 | +10.5% |
| Amounts payable within one year | 42/48 | €23,036 | €25,131 | +€2,094 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €694 | - | -€694 | |
| Financial debts | 43 | €8,481 | €8,441 | -€40 | -0.5% |
| Credit institutions | 430/8 | €8,481 | €8,441 | -€40 | -0.5% |
| Trade debts | 44 | €5,579 | €8,464 | +€2,885 | +51.7% |
| Suppliers | 440/4 | €5,579 | €8,464 | +€2,885 | +51.7% |
| Taxes, remuneration and social security | 45 | €8,283 | €8,227 | -€56 | -0.7% |
| Taxes | 450/3 | €8,283 | €8,227 | -€56 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,441 | +€441 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €1,813 | +€749 | +70.5% |
| Other operating charges | 640/8 | €1,025 | €1,090 | +€64 | +6.3% |
| Gross operating margin | 9900 | €58,636 | €63,034 | +€4,398 | +7.5% |
| Operating profit (loss) | 9901 | €56,547 | €60,132 | +€3,585 | +6.3% |
| Financial income | 75/76B | €18,634 | €22,144 | +€3,510 | +18.8% |
| Recurring financial income | 75 | €18,634 | €22,144 | +€3,510 | +18.8% |
| Financial charges | 65/66B | €932 | €740 | -€193 | -20.7% |
| Recurring financial charges | 65 | €932 | €740 | -€193 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €74,248 | €81,536 | +€7,288 | +9.8% |
| Income taxes | 67/77 | €20,724 | €23,040 | +€2,316 | +11.2% |
| Profit (loss) for the period | 9904 | €53,524 | €58,496 | +€4,972 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,524 | €58,496 | +€4,972 | +9.3% |
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.