GEConsulting: 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.
GEConsulting
Largest movements
- Cash -€87,813
down €87,813 (-38.8%), from €226,072 to €138,259
mainly Tax, wage and social debts (-€51,602) and Other debts (-€46,507)
- Tangible fixed assets -€47,842
down €47,842 (-3.7%), from €1.3m to €1.3m
of which Land and buildings: -€47,589
- Tax, wage and social debts -€51,602
no longer reported in 2025 (was €51,602)
- Other debts -€46,507
down €46,507 (-18.0%), from €257,849 to €211,342
- Reserves +€20,106
up €20,106 (+3.7%), from €547,436 to €567,542
of which Distributable reserves: +€49,882
- Trade debts -€16,342
down €16,342 (-12.9%), from €126,639 to €110,297
- Taxes -€27,878
down €27,878 (-54.7%), from €50,950 to €23,072
- Depreciation -€8,961
down €8,961 (-15.1%), from €59,305 to €50,344
- Gross operating margin +€3,355
up €3,355 (+3.3%), from €100,707 to €104,062
- Financial charges -€1,399
down €1,399 (-41.1%), from €3,402 to €2,003
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 | €1,576,153 | €1,456,549 | -€119,604 | -7.6% |
| Fixed assets | 21/28 | €1,305,820 | €1,257,978 | -€47,842 | -3.7% |
| Tangible fixed assets | 22/27 | €1,305,820 | €1,257,978 | -€47,842 | -3.7% |
| Land and buildings | 22 | €1,305,518 | €1,257,929 | -€47,589 | -3.6% |
| Furniture and vehicles | 24 | €303 | €49 | -€253 | -83.7% |
| Current assets | 29/58 | €270,333 | €198,571 | -€71,762 | -26.5% |
| Amounts receivable within one year | 40/41 | €40,589 | €52,941 | +€12,352 | +30.4% |
| Trade receivables | 40 | €30,589 | €29,062 | -€1,527 | -5.0% |
| Other amounts receivable | 41 | €10,000 | €23,879 | +€13,879 | +139% |
| Cash at bank and in hand | 54/58 | €226,072 | €138,259 | -€87,813 | -38.8% |
| Deferred charges and accrued income | 490/1 | €3,672 | €7,372 | +€3,700 | +101% |
| Total equity and liabilities | 10/49 | €1,576,153 | €1,456,549 | -€119,604 | -7.6% |
| Equity | 10/15 | €908,444 | €928,554 | +€20,111 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €547,436 | €567,542 | +€20,106 | +3.7% |
| Non-distributable reserves | 130/1 | €18,828 | €18,828 | = | 0.0% |
| Legal reserve | 130 | €18,828 | €18,828 | = | 0.0% |
| Tax-exempt reserves | 132 | €407,125 | €377,348 | -€29,776 | -7.3% |
| Distributable reserves | 133 | €121,484 | €171,365 | +€49,882 | +41.1% |
| Profit (loss) carried forward | 14 | €299,007 | €299,012 | +€5 | 0.0% |
| Provisions and deferred taxes | 16 | €154,971 | €145,045 | -€9,925 | -6.4% |
| Deferred taxes | 168 | €154,971 | €145,045 | -€9,925 | -6.4% |
| Amounts payable | 17/49 | €512,739 | €382,950 | -€129,789 | -25.3% |
| Amounts payable after more than one year | 17 | €61,981 | €55,150 | -€6,831 | -11.0% |
| Financial debts | 170/4 | €51,681 | €44,850 | -€6,831 | -13.2% |
| Other amounts payable | 178/9 | €10,300 | €10,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €445,692 | €324,392 | -€121,300 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €9,602 | €2,753 | -€6,849 | -71.3% |
| Trade debts | 44 | €126,639 | €110,297 | -€16,342 | -12.9% |
| Suppliers | 440/4 | €126,639 | €110,297 | -€16,342 | -12.9% |
| Taxes, remuneration and social security | 45 | €51,602 | - | -€51,602 | |
| Taxes | 450/3 | €51,602 | - | -€51,602 | |
| Other amounts payable | 47/48 | €257,849 | €211,342 | -€46,507 | -18.0% |
| Accrued charges and deferred income | 492/3 | €5,066 | €3,408 | -€1,658 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,305 | €50,344 | -€8,961 | -15.1% |
| Other operating charges | 640/8 | €18,921 | €18,458 | -€463 | -2.4% |
| Gross operating margin | 9900 | €100,707 | €104,062 | +€3,355 | +3.3% |
| Operating profit (loss) | 9901 | €22,481 | €35,261 | +€12,780 | +56.8% |
| Financial charges | 65/66B | €3,402 | €2,003 | -€1,399 | -41.1% |
| Recurring financial charges | 65 | €3,402 | €2,003 | -€1,399 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €19,079 | €33,258 | +€14,179 | +74.3% |
| Transfer from deferred taxes | 780 | €38,339 | €9,925 | -€28,414 | -74.1% |
| Income taxes | 67/77 | €50,950 | €23,072 | -€27,878 | -54.7% |
| Profit (loss) for the period | 9904 | €6,467 | €20,111 | +€13,643 | +211% |
| Transfer from tax-exempt reserves | 789 | €115,017 | €29,776 | -€85,241 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,484 | €49,887 | -€71,597 | -58.9% |
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 21 October 2026 via checked.be.