GDW ADVICE &MANAGEMENT: what changed
What changed
GDW ADVICE &MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€102,302
2025 · €23,353-€125,655
Equity
€2.0m
2025 · €2.1m-€89,221
Cash
€6,849
2025 · €166,649-€159,800
Balance sheet total
€2.3m
2025 · €2.4m-€124,351
Largest movements
Assets
- Cash -€159,800
down €159,800 (-95.9%), from €166,649 to €6,849
mainly Investment in fixed assets (net) (-€218,843) and Net result for the year (-€102,302)
- Tangible fixed assets +€91,043
up €91,043 (+4.1%), from €2.2m to €2.3m
of which Land and buildings: +€65,018
- Receivables within one year -€61,760
down €61,760 (-96.3%), from €64,100 to €2,340
of which Trade receivables: -€62,285
Equity and liabilities
- Reserves -€89,221
down €89,221 (-4.2%), from €2.1m to €2.0m
of which Distributable reserves: -€93,646
Income statement
- Financial income -€571,667
down €571,667 (-100%), from €571,667 to €0
of which Non-recurring financial income: -€571,667
- Gross operating margin +€335,826
up €335,826, from -€305,601 to €30,225
- Financial charges -€48,144
down €48,144 (-98.4%), from €48,949 to €805
- Other operating charges -€47,494
down €47,494 (-88.0%), from €53,983 to €6,489
- Taxes -€17,904
down €17,904 (-98.3%), from €18,222 to €318
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€23,353
Gross operating margin
+€335,826
Depreciation
-€8,134
Other operating charges
+€47,494
Other operating items
+€5,293
Financial income
-€571,667
Financial charges
+€48,144
Taxes
+€17,904
Deferred taxes and other
-€515
Result 2026
-€102,302
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,962
Investment
-€218,843
Financing
+€13,081
Cash 2025
€166,649
From operations (derived)
+€45,962
Net result for the year
-€102,302
Depreciation
+€127,800
Receivables within one year
+€61,760
Deferred charges and accrued income
-€6,165
Provisions
-€15,966
Trade debts
-€4,416
Tax, wage and social debts
+€4,872
Other debts
-€18,777
Accrued charges and deferred income
-€844
Investment (derived)
-€218,843
Investment in fixed assets (net)
-€218,843
Financing
+€13,081
Contributions, distributions and other
+€13,081
Cash 2026
€6,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,434,607 | €2,310,256 | -€124,351 | -5.1% |
| Fixed assets | 21/28 | €2,201,209 | €2,292,253 | +€91,043 | +4.1% |
| Tangible fixed assets | 22/27 | €2,201,209 | €2,292,253 | +€91,043 | +4.1% |
| Land and buildings | 22 | €2,197,768 | €2,262,786 | +€65,018 | +3.0% |
| Plant, machinery and equipment | 23 | - | €2,882 | +€2,882 | |
| Furniture and vehicles | 24 | €3,442 | €26,585 | +€23,144 | +672% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €233,398 | €18,003 | -€215,395 | -92.3% |
| Amounts receivable within one year | 40/41 | €64,100 | €2,340 | -€61,760 | -96.3% |
| Trade receivables | 40 | €64,100 | €1,815 | -€62,285 | -97.2% |
| Other amounts receivable | 41 | €0 | €525 | +€525 | |
| Cash at bank and in hand | 54/58 | €166,649 | €6,849 | -€159,800 | -95.9% |
| Deferred charges and accrued income | 490/1 | €2,649 | €8,814 | +€6,165 | +233% |
| Total equity and liabilities | 10/49 | €2,434,607 | €2,310,256 | -€124,351 | -5.1% |
| Equity | 10/15 | €2,137,146 | €2,047,925 | -€89,221 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,118,546 | €2,029,325 | -€89,221 | -4.2% |
| Tax-exempt reserves | 132 | €201,128 | €205,553 | +€4,425 | +2.2% |
| Distributable reserves | 133 | €1,917,418 | €1,823,772 | -€93,646 | -4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €84,484 | €68,518 | -€15,966 | -18.9% |
| Deferred taxes | 168 | €84,484 | €68,518 | -€15,966 | -18.9% |
| Amounts payable | 17/49 | €212,978 | €193,814 | -€19,164 | -9.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €212,014 | €193,694 | -€18,320 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,811 | €1,395 | -€4,416 | -76.0% |
| Suppliers | 440/4 | €5,811 | €1,395 | -€4,416 | -76.0% |
| Taxes, remuneration and social security | 45 | €16,469 | €21,341 | +€4,872 | +29.6% |
| Taxes | 450/3 | €16,469 | €21,341 | +€4,872 | +29.6% |
| Other amounts payable | 47/48 | €189,734 | €170,957 | -€18,777 | -9.9% |
| Accrued charges and deferred income | 492/3 | €964 | €120 | -€844 | -87.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,666 | €127,800 | +€8,134 | +6.8% |
| Other operating charges | 640/8 | €53,983 | €6,489 | -€47,494 | -88.0% |
| Non-recurring operating charges | 66A | €5,293 | €0 | -€5,293 | -100% |
| Gross operating margin | 9900 | -€305,601 | €30,225 | +€335,826 | |
| Operating profit (loss) | 9901 | -€484,543 | -€104,064 | +€380,479 | +78.5% |
| Financial income | 75/76B | €571,667 | €0 | -€571,667 | -100% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €571,667 | €0 | -€571,667 | -100% |
| Financial charges | 65/66B | €48,949 | €805 | -€48,144 | -98.4% |
| Recurring financial charges | 65 | €48,949 | €805 | -€48,144 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €38,174 | -€104,869 | -€143,044 | |
| Transfer from deferred taxes | 780 | €3,401 | €2,885 | -€515 | -15.2% |
| Income taxes | 67/77 | €18,222 | €318 | -€17,904 | -98.3% |
| Profit (loss) for the period | 9904 | €23,353 | -€102,302 | -€125,655 | |
| Transfer from tax-exempt reserves | 789 | €8,096 | €8,656 | +€560 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,449 | -€93,646 | -€125,095 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.