GfK 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.
GfK CONSULTING
Largest movements
- Receivables within one year +€29,481
up €29,481 (+1,004%), from €2,937 to €32,417
of which Trade receivables: +€29,057
- Current investments +€10,000
up €10,000 (+2.0%), from €500,000 to €510,000
- Reserves +€83,160
up €83,160 (+13.5%), from €615,408 to €698,568
of which Distributable reserves: +€42,046
- Tax, wage and social debts -€27,410
down €27,410 (-55.5%), from €49,389 to €21,979
of which Taxes: -€27,473
- Current portion of long-term debt -€10,569
down €10,569 (-50.0%), from €21,137 to €10,568
- Debts after one year -€10,568
no longer reported in 2025 (was €10,568)
- Gross operating margin +€22,856
up €22,856 (+21.4%), from €106,912 to €129,768
- Financial income +€13,017
up €13,017 (+391%), from €3,329 to €16,346
- Taxes +€3,831
up €3,831 (+13.4%), from €28,595 to €32,426
- Financial charges +€2,993
up €2,993 (+20.9%), from €14,351 to €17,344
- Depreciation +€1,453
up €1,453 (+17.1%), from €8,514 to €9,967
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 | €942,419 | €967,388 | +€24,969 | +2.6% |
| Fixed assets | 21/28 | €202,881 | €196,156 | -€6,726 | -3.3% |
| Intangible fixed assets | 21 | €3,912 | €2,863 | -€1,049 | -26.8% |
| Tangible fixed assets | 22/27 | €198,969 | €193,293 | -€5,676 | -2.9% |
| Land and buildings | 22 | €195,928 | €188,276 | -€7,652 | -3.9% |
| Plant, machinery and equipment | 23 | €1,652 | €2,818 | +€1,166 | +70.6% |
| Furniture and vehicles | 24 | €1,388 | €2,198 | +€810 | +58.3% |
| Current assets | 29/58 | €739,537 | €771,232 | +€31,695 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,937 | €32,417 | +€29,481 | +1,004% |
| Trade receivables | 40 | €2,937 | €31,994 | +€29,057 | +989% |
| Other amounts receivable | 41 | - | €424 | +€424 | |
| Current investments | 50/53 | €500,000 | €510,000 | +€10,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €214,431 | €207,744 | -€6,688 | -3.1% |
| Deferred charges and accrued income | 490/1 | €22,169 | €21,071 | -€1,098 | -5.0% |
| Total equity and liabilities | 10/49 | €942,419 | €967,388 | +€24,969 | +2.6% |
| Equity | 10/15 | €627,808 | €710,968 | +€83,160 | +13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €615,408 | €698,568 | +€83,160 | +13.5% |
| Tax-exempt reserves | 132 | - | €41,114 | +€41,114 | |
| Distributable reserves | 133 | €615,408 | €657,453 | +€42,046 | +6.8% |
| Amounts payable | 17/49 | €314,611 | €256,420 | -€58,191 | -18.5% |
| Amounts payable after more than one year | 17 | €10,568 | - | -€10,568 | |
| Financial debts | 170/4 | €10,568 | - | -€10,568 | |
| Amounts payable within one year | 42/48 | €304,043 | €256,420 | -€47,623 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €21,137 | €10,568 | -€10,569 | -50.0% |
| Trade debts | 44 | €16,192 | €6,804 | -€9,388 | -58.0% |
| Suppliers | 440/4 | €16,192 | €6,804 | -€9,388 | -58.0% |
| Taxes, remuneration and social security | 45 | €49,389 | €21,979 | -€27,410 | -55.5% |
| Taxes | 450/3 | €49,389 | €21,916 | -€27,473 | -55.6% |
| Remuneration and social security | 454/9 | - | €63 | +€63 | |
| Other amounts payable | 47/48 | €217,326 | €217,070 | -€256 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,514 | €9,967 | +€1,453 | +17.1% |
| Other operating charges | 640/8 | €3,105 | €3,218 | +€113 | +3.6% |
| Gross operating margin | 9900 | €106,912 | €129,768 | +€22,856 | +21.4% |
| Operating profit (loss) | 9901 | €95,294 | €116,584 | +€21,290 | +22.3% |
| Financial income | 75/76B | €3,329 | €16,346 | +€13,017 | +391% |
| Recurring financial income | 75 | €3,329 | €16,346 | +€13,017 | +391% |
| Financial charges | 65/66B | €14,351 | €17,344 | +€2,993 | +20.9% |
| Recurring financial charges | 65 | €14,351 | €17,344 | +€2,993 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €84,272 | €115,586 | +€31,314 | +37.2% |
| Income taxes | 67/77 | €28,595 | €32,426 | +€3,831 | +13.4% |
| Profit (loss) for the period | 9904 | €55,677 | €83,160 | +€27,483 | +49.4% |
| Transfer to tax-exempt reserves | 689 | - | €41,114 | +€41,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,677 | €42,046 | -€13,631 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.