GDR Consult: 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.
GDR Consult
Largest movements
- Cash +€16,387
up €16,387 (+91.9%), from €17,831 to €34,218
mainly Net result for the year (+€153,309) and Other debts (+€34,667)
- Tangible fixed assets -€8,372
down €8,372 (-21.4%), from €39,103 to €30,731
of which Furniture and vehicles: -€7,572
- Receivables within one year -€7,586
down €7,586 (-26.8%), from €28,291 to €20,706
- Deferred charges and accrued income +€1,030
up €1,030 (+160%), from €645 to €1,675
- Profit (loss) carried forward -€43,191
down €43,191 (-99.3%), from €43,487 to €296
- Other debts +€34,667
up €34,667 (+159%), from €21,869 to €56,536
- Tax, wage and social debts +€9,286
up €9,286 (+68.2%), from €13,621 to €22,907
of which Taxes: +€7,025
- Gross operating margin +€98,901
up €98,901 (+88.3%), from €111,950 to €210,851
- Taxes +€26,652
up €26,652 (+139%), from €19,158 to €45,810
- Depreciation -€6,733
down €6,733 (-37.5%), from €17,974 to €11,240
- Write-downs -€3,673
no longer reported in 2025 (was €3,673)
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 | €85,871 | €87,329 | +€1,459 | +1.7% |
| Fixed assets | 21/28 | €39,103 | €30,731 | -€8,372 | -21.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €39,103 | €30,731 | -€8,372 | -21.4% |
| Furniture and vehicles | 24 | €37,811 | €30,239 | -€7,572 | -20.0% |
| Other tangible fixed assets | 26 | €1,292 | €491 | -€800 | -62.0% |
| Current assets | 29/58 | €46,768 | €56,599 | +€9,831 | +21.0% |
| Amounts receivable within one year | 40/41 | €28,291 | €20,706 | -€7,586 | -26.8% |
| Trade receivables | 40 | €28,291 | €20,706 | -€7,586 | -26.8% |
| Cash at bank and in hand | 54/58 | €17,831 | €34,218 | +€16,387 | +91.9% |
| Deferred charges and accrued income | 490/1 | €645 | €1,675 | +€1,030 | +160% |
| Total equity and liabilities | 10/49 | €85,871 | €87,329 | +€1,459 | +1.7% |
| Equity | 10/15 | €48,487 | €5,296 | -€43,191 | -89.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,487 | €296 | -€43,191 | -99.3% |
| Amounts payable | 17/49 | €37,384 | €82,033 | +€44,650 | +119% |
| Amounts payable within one year | 42/48 | €37,384 | €82,033 | +€44,650 | +119% |
| Trade debts | 44 | €1,893 | €2,591 | +€697 | +36.8% |
| Suppliers | 440/4 | €1,893 | €2,591 | +€697 | +36.8% |
| Taxes, remuneration and social security | 45 | €13,621 | €22,907 | +€9,286 | +68.2% |
| Taxes | 450/3 | €13,621 | €20,646 | +€7,025 | +51.6% |
| Remuneration and social security | 454/9 | €0 | €2,261 | +€2,261 | |
| Other amounts payable | 47/48 | €21,869 | €56,536 | +€34,667 | +159% |
| Remuneration, social security and pensions | 62 | €350 | €180 | -€170 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,974 | €11,240 | -€6,733 | -37.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,673 | - | -€3,673 | |
| Other operating charges | 640/8 | €1,568 | €266 | -€1,302 | -83.1% |
| Gross operating margin | 9900 | €111,950 | €210,851 | +€98,901 | +88.3% |
| Operating profit (loss) | 9901 | €88,386 | €199,165 | +€110,779 | +125% |
| Financial charges | 65/66B | €45 | €46 | +€1 | +2.1% |
| Recurring financial charges | 65 | €45 | €46 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €88,341 | €199,119 | +€110,778 | +125% |
| Income taxes | 67/77 | €19,158 | €45,810 | +€26,652 | +139% |
| Profit (loss) for the period | 9904 | €69,183 | €153,309 | +€84,127 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €69,183 | €153,309 | +€84,127 | +122% |
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 13 October 2026 via checked.be.