GDVM 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.
GDVM Consulting
Largest movements
- Receivables within one year +€62,508
up €62,508 (+150%), from €41,776 to €104,284
of which Trade receivables: +€55,471
- Cash +€13,395
up €13,395 (+25.3%), from €52,907 to €66,302
mainly Other debts (+€79,366) and Net result for the year (+€28,245)
- Tangible fixed assets -€8,461
down €8,461 (-17.2%), from €49,243 to €40,782
of which Furniture and vehicles: -€10,791
- Deferred charges and accrued income -€6,041
down €6,041 (-66.5%), from €9,084 to €3,044
- Other debts +€79,366
up €79,366 (+156%), from €51,000 to €130,366
- Debts after one year -€11,000
down €11,000 (-54.3%), from €20,249 to €9,249
- Profit (loss) carried forward -€6,755
down €6,755 (-33.9%), from €19,933 to €13,178
- Gross operating margin +€114,935
up €114,935 (+87.7%), from €131,030 to €245,965
- Financial charges +€101,509
up €101,509 (+217%), from €46,729 to €148,238
- Staff costs +€39,809
new in 2025: €39,809
- Taxes -€6,219
down €6,219 (-41.5%), from €15,003 to €8,783
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 | €153,010 | €214,411 | +€61,401 | +40.1% |
| Fixed assets | 21/28 | €49,243 | €40,782 | -€8,461 | -17.2% |
| Tangible fixed assets | 22/27 | €49,243 | €40,782 | -€8,461 | -17.2% |
| Land and buildings | 22 | €1,694 | €2,953 | +€1,259 | +74.3% |
| Plant, machinery and equipment | 23 | €3,901 | €4,972 | +€1,071 | +27.4% |
| Furniture and vehicles | 24 | €43,647 | €32,857 | -€10,791 | -24.7% |
| Current assets | 29/58 | €103,767 | €173,629 | +€69,862 | +67.3% |
| Amounts receivable within one year | 40/41 | €41,776 | €104,284 | +€62,508 | +150% |
| Trade receivables | 40 | €41,776 | €97,247 | +€55,471 | +133% |
| Other amounts receivable | 41 | €0 | €7,037 | +€7,037 | |
| Cash at bank and in hand | 54/58 | €52,907 | €66,302 | +€13,395 | +25.3% |
| Deferred charges and accrued income | 490/1 | €9,084 | €3,044 | -€6,041 | -66.5% |
| Total equity and liabilities | 10/49 | €153,010 | €214,411 | +€61,401 | +40.1% |
| Equity | 10/15 | €38,533 | €31,778 | -€6,755 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,933 | €13,178 | -€6,755 | -33.9% |
| Amounts payable | 17/49 | €114,477 | €182,633 | +€68,156 | +59.5% |
| Amounts payable after more than one year | 17 | €20,249 | €9,249 | -€11,000 | -54.3% |
| Financial debts | 170/4 | €20,249 | €9,249 | -€11,000 | -54.3% |
| Amounts payable within one year | 42/48 | €94,129 | €173,384 | +€79,254 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €10,892 | €11,000 | +€108 | +1.0% |
| Trade debts | 44 | €980 | €1,647 | +€667 | +68.1% |
| Suppliers | 440/4 | €980 | €1,495 | +€515 | +52.6% |
| Bills of exchange payable | 441 | - | €152 | +€152 | |
| Taxes, remuneration and social security | 45 | €31,258 | €30,371 | -€887 | -2.8% |
| Taxes | 450/3 | €31,258 | €29,935 | -€1,323 | -4.2% |
| Remuneration and social security | 454/9 | €0 | €436 | +€436 | |
| Other amounts payable | 47/48 | €51,000 | €130,366 | +€79,366 | +156% |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Remuneration, social security and pensions | 62 | - | €39,809 | +€39,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,067 | €19,554 | +€487 | +2.6% |
| Other operating charges | 640/8 | €1,491 | €1,340 | -€151 | -10.1% |
| Gross operating margin | 9900 | €131,030 | €245,965 | +€114,935 | +87.7% |
| Operating profit (loss) | 9901 | €110,472 | €185,263 | +€74,791 | +67.7% |
| Financial income | 75/76B | €16 | €3 | -€13 | -80.7% |
| Recurring financial income | 75 | €16 | €3 | -€13 | -80.7% |
| Financial charges | 65/66B | €46,729 | €148,238 | +€101,509 | +217% |
| Recurring financial charges | 65 | €46,729 | €148,238 | +€101,509 | +217% |
| Profit (loss) for the period before taxes | 9903 | €63,759 | €37,028 | -€26,731 | -41.9% |
| Income taxes | 67/77 | €15,003 | €8,783 | -€6,219 | -41.5% |
| Profit (loss) for the period | 9904 | €48,756 | €28,245 | -€20,511 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,756 | €28,245 | -€20,511 | -42.1% |
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 20 October 2026 via checked.be.