GFC 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.
GFC CONSULTING
Largest movements
- Receivables within one year +€33,152
up €33,152 (+35.5%), from €93,489 to €126,641
of which Trade receivables: +€16,946
- Tangible fixed assets -€19,737
down €19,737 (-27.1%), from €72,799 to €53,062
of which Furniture and vehicles: -€18,053
- Cash -€17,641
down €17,641 (-52.9%), from €33,370 to €15,728
mainly Receivables within one year (-€33,152) and Debts after one year (-€28,667)
- Debts after one year -€28,667
down €28,667 (-55.0%), from €52,077 to €23,410
- Reserves +€16,765
up €16,765 (+8.3%), from €203,146 to €219,912
of which Distributable reserves: +€16,765
- Current portion of long-term debt +€14,346
new in 2025: €14,346
- Gross operating margin -€17,023
down €17,023 (-19.7%), from €86,557 to €69,534
- Depreciation -€4,135
down €4,135 (-18.6%), from €22,247 to €18,112
- Financial income -€2,118
down €2,118 (-98.2%), from €2,158 to €39
- Other operating charges +€1,431
up €1,431 (+101%), from €1,413 to €2,844
- Taxes -€1,417
down €1,417 (-8.8%), from €16,061 to €14,644
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 | €526,729 | €524,961 | -€1,767 | -0.3% |
| Fixed assets | 21/28 | €398,799 | €379,062 | -€19,737 | -4.9% |
| Tangible fixed assets | 22/27 | €72,799 | €53,062 | -€19,737 | -27.1% |
| Furniture and vehicles | 24 | €62,701 | €44,648 | -€18,053 | -28.8% |
| Other tangible fixed assets | 26 | €10,098 | €8,414 | -€1,685 | -16.7% |
| Financial fixed assets | 28 | €326,000 | €326,000 | = | 0.0% |
| Current assets | 29/58 | €127,929 | €145,900 | +€17,970 | +14.0% |
| Amounts receivable within one year | 40/41 | €93,489 | €126,641 | +€33,152 | +35.5% |
| Trade receivables | 40 | €43,934 | €60,880 | +€16,946 | +38.6% |
| Other amounts receivable | 41 | €49,555 | €65,761 | +€16,206 | +32.7% |
| Cash at bank and in hand | 54/58 | €33,370 | €15,728 | -€17,641 | -52.9% |
| Deferred charges and accrued income | 490/1 | €1,071 | €3,530 | +€2,460 | +230% |
| Total equity and liabilities | 10/49 | €526,729 | €524,961 | -€1,767 | -0.3% |
| Equity | 10/15 | €209,346 | €226,112 | +€16,765 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,146 | €219,912 | +€16,765 | +8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €201,286 | €218,052 | +€16,765 | +8.3% |
| Provisions and deferred taxes | 16 | €228,538 | €226,723 | -€1,815 | -0.8% |
| Provisions for liabilities and charges | 160/5 | €228,538 | €226,723 | -€1,815 | -0.8% |
| Other liabilities and charges | 164/5 | €228,538 | €226,723 | -€1,815 | -0.8% |
| Amounts payable | 17/49 | €88,845 | €72,127 | -€16,718 | -18.8% |
| Amounts payable after more than one year | 17 | €52,077 | €23,410 | -€28,667 | -55.0% |
| Financial debts | 170/4 | €52,077 | €23,410 | -€28,667 | -55.0% |
| Amounts payable within one year | 42/48 | €36,605 | €48,717 | +€12,111 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,346 | +€14,346 | |
| Trade debts | 44 | €1,211 | - | -€1,211 | |
| Suppliers | 440/4 | €1,211 | - | -€1,211 | |
| Taxes, remuneration and social security | 45 | €35,395 | €34,371 | -€1,024 | -2.9% |
| Taxes | 450/3 | €32,428 | €31,921 | -€508 | -1.6% |
| Remuneration and social security | 454/9 | €2,967 | €2,450 | -€517 | -17.4% |
| Accrued charges and deferred income | 492/3 | €162 | - | -€162 | |
| Non-recurring operating income | 76A | - | €1,446 | +€1,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,247 | €18,112 | -€4,135 | -18.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,762 | -€1,815 | -€53 | -3.0% |
| Other operating charges | 640/8 | €1,413 | €2,844 | +€1,431 | +101% |
| Non-recurring operating charges | 66A | - | €1,360 | +€1,360 | |
| Gross operating margin | 9900 | €86,557 | €69,534 | -€17,023 | -19.7% |
| Operating profit (loss) | 9901 | €64,659 | €49,033 | -€15,626 | -24.2% |
| Financial income | 75/76B | €2,158 | €39 | -€2,118 | -98.2% |
| Recurring financial income | 75 | €2,158 | €39 | -€2,118 | -98.2% |
| Financial charges | 65/66B | €18,064 | €17,663 | -€401 | -2.2% |
| Recurring financial charges | 65 | €18,064 | €17,663 | -€401 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €48,753 | €31,409 | -€17,344 | -35.6% |
| Income taxes | 67/77 | €16,061 | €14,644 | -€1,417 | -8.8% |
| Profit (loss) for the period | 9904 | €32,692 | €16,765 | -€15,926 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,692 | €16,765 | -€15,926 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.