GFDA 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.
GFDA Consulting
Largest movements
- Receivables within one year +€76,839
up €76,839 (+493.9%), from €15,557 to €92,396
of which Other amounts receivable: +€74,266
- Cash -€12,509
down €12,509 (-96.0%), from €13,032 to €523
- Deferred charges and accrued income +€7,030
up €7,030 (+39.8%), from €17,654 to €24,685
- Tangible fixed assets +€6,853
up €6,853 (+881.8%), from €777 to €7,630
- Other debts +€79,606
up €79,606 (+2620.0%), from €3,038 to €82,644
- Profit (loss) carried forward -€46,733
no longer reported in 2025 (was €46,733)
- Reserves +€30,895
up €30,895 (+20.8%), from €148,476 to €179,371
of which Distributable reserves: +€30,895
- Trade debts +€11,454
up €11,454 (+233.6%), from €4,903 to €16,357
- Gross operating margin +€40,019
up €40,019 (+60.2%), from €66,423 to €106,443
- Taxes +€13,761
up €13,761 (+65.1%), from €21,140 to €34,901
- Other operating charges +€6,438
up €6,438 (+1208.4%), from €533 to €6,970
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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,383 | €324,597 | +€78,214 | +31.7% |
| Fixed assets | 21/28 | €1,140 | €7,993 | +€6,853 | +601.1% |
| Tangible fixed assets | 22/27 | €777 | €7,630 | +€6,853 | +881.8% |
| Furniture and vehicles | 24 | €777 | €7,630 | +€6,853 | +881.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €245,243 | €316,603 | +€71,361 | +29.1% |
| Amounts receivable after more than one year | 29 | €199,000 | €199,000 | = | 0.0% |
| Other amounts receivable | 291 | €199,000 | €199,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,557 | €92,396 | +€76,839 | +493.9% |
| Trade receivables | 40 | €6,800 | €9,372 | +€2,572 | +37.8% |
| Other amounts receivable | 41 | €8,757 | €83,024 | +€74,266 | +848.1% |
| Cash at bank and in hand | 54/58 | €13,032 | €523 | -€12,509 | -96.0% |
| Deferred charges and accrued income | 490/1 | €17,654 | €24,685 | +€7,030 | +39.8% |
| Total equity and liabilities | 10/49 | €246,383 | €324,597 | +€78,214 | +31.7% |
| Equity | 10/15 | €213,809 | €197,971 | -€15,838 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,476 | €179,371 | +€30,895 | +20.8% |
| 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 | €146,616 | €177,511 | +€30,895 | +21.1% |
| Profit (loss) carried forward | 14 | €46,733 | - | -€46,733 | |
| Amounts payable | 17/49 | €32,573 | €126,625 | +€94,052 | +288.7% |
| Amounts payable within one year | 42/48 | €32,573 | €126,625 | +€94,052 | +288.7% |
| Trade debts | 44 | €4,903 | €16,357 | +€11,454 | +233.6% |
| Suppliers | 440/4 | €4,903 | €16,357 | +€11,454 | +233.6% |
| Taxes, remuneration and social security | 45 | €24,632 | €27,624 | +€2,992 | +12.1% |
| Taxes | 450/3 | €24,632 | €27,624 | +€2,992 | +12.1% |
| Other amounts payable | 47/48 | €3,038 | €82,644 | +€79,606 | +2620.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €2,177 | +€817 | +60.1% |
| Other operating charges | 640/8 | €533 | €6,970 | +€6,438 | +1208.4% |
| Gross operating margin | 9900 | €66,423 | €106,443 | +€40,019 | +60.2% |
| Operating profit (loss) | 9901 | €64,531 | €97,295 | +€32,765 | +50.8% |
| Financial income | 75/76B | €4,180 | €4,884 | +€704 | +16.8% |
| Recurring financial income | 75 | €4,180 | €4,884 | +€704 | +16.8% |
| Financial charges | 65/66B | €838 | €473 | -€365 | -43.6% |
| Recurring financial charges | 65 | €838 | €473 | -€365 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €67,873 | €101,707 | +€33,834 | +49.8% |
| Income taxes | 67/77 | €21,140 | €34,901 | +€13,761 | +65.1% |
| Profit (loss) for the period | 9904 | €46,733 | €66,806 | +€20,073 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,733 | €66,806 | +€20,073 | +43.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.