GFM 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.
GFM CONSULTING
Largest movements
- Cash +€79,434
up €79,434 (+118%), from €67,547 to €146,981
mainly Other debts (+€89,859) and Receivables within one year (+€42,957)
- Receivables within one year -€42,957
down €42,957 (-76.1%), from €56,470 to €13,513
of which Trade receivables: -€34,921
- Tangible fixed assets -€10,425
down €10,425 (-37.9%), from €27,494 to €17,069
of which Furniture and vehicles: -€9,759
- Other debts +€89,859
up €89,859 (+217%), from €41,458 to €131,317
- Reserves -€53,473
down €53,473 (-97.3%), from €54,938 to €1,465
- Accrued charges and deferred income -€13,180
down €13,180 (-72.1%), from €18,293 to €5,113
- Tax, wage and social debts +€2,254
up €2,254 (+11.6%), from €19,392 to €21,646
of which Taxes: +€2,195
- Gross operating margin -€15,355
down €15,355 (-22.8%), from €67,363 to €52,008
- Taxes -€2,860
down €2,860 (-23.9%), from €11,962 to €9,102
- Financial charges -€2,171
down €2,171 (-94.7%), from €2,292 to €121
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,517 | €179,203 | +€25,686 | +16.7% |
| Fixed assets | 21/28 | €27,494 | €17,069 | -€10,425 | -37.9% |
| Tangible fixed assets | 22/27 | €27,494 | €17,069 | -€10,425 | -37.9% |
| Land and buildings | 22 | €1,735 | €1,069 | -€665 | -38.4% |
| Furniture and vehicles | 24 | €25,759 | €16,000 | -€9,759 | -37.9% |
| Current assets | 29/58 | €126,023 | €162,134 | +€36,111 | +28.7% |
| Amounts receivable within one year | 40/41 | €56,470 | €13,513 | -€42,957 | -76.1% |
| Trade receivables | 40 | €44,564 | €9,643 | -€34,921 | -78.4% |
| Other amounts receivable | 41 | €11,907 | €3,870 | -€8,036 | -67.5% |
| Cash at bank and in hand | 54/58 | €67,547 | €146,981 | +€79,434 | +118% |
| Deferred charges and accrued income | 490/1 | €2,006 | €1,640 | -€366 | -18.2% |
| Total equity and liabilities | 10/49 | €153,517 | €179,203 | +€25,686 | +16.7% |
| Equity | 10/15 | €73,488 | €20,015 | -€53,473 | -72.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €54,938 | €1,465 | -€53,473 | -97.3% |
| Distributable reserves | 133 | €54,938 | €1,465 | -€53,473 | -97.3% |
| Amounts payable | 17/49 | €80,029 | €159,188 | +€79,159 | +98.9% |
| Amounts payable within one year | 42/48 | €61,737 | €154,076 | +€92,339 | +150% |
| Trade debts | 44 | €887 | €1,113 | +€226 | +25.4% |
| Suppliers | 440/4 | €887 | €1,113 | +€226 | +25.4% |
| Taxes, remuneration and social security | 45 | €19,392 | €21,646 | +€2,254 | +11.6% |
| Taxes | 450/3 | €14,758 | €16,953 | +€2,195 | +14.9% |
| Remuneration and social security | 454/9 | €4,634 | €4,693 | +€59 | +1.3% |
| Other amounts payable | 47/48 | €41,458 | €131,317 | +€89,859 | +217% |
| Accrued charges and deferred income | 492/3 | €18,293 | €5,113 | -€13,180 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,581 | €10,425 | -€156 | -1.5% |
| Other operating charges | 640/8 | €1,071 | €1,101 | +€29 | +2.7% |
| Gross operating margin | 9900 | €67,363 | €52,008 | -€15,355 | -22.8% |
| Operating profit (loss) | 9901 | €55,711 | €40,482 | -€15,229 | -27.3% |
| Financial income | 75/76B | - | €205 | +€205 | |
| Recurring financial income | 75 | - | €205 | +€205 | |
| Financial charges | 65/66B | €2,292 | €121 | -€2,171 | -94.7% |
| Recurring financial charges | 65 | €2,292 | €121 | -€2,171 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €53,419 | €40,567 | -€12,853 | -24.1% |
| Income taxes | 67/77 | €11,962 | €9,102 | -€2,860 | -23.9% |
| Profit (loss) for the period | 9904 | €41,458 | €31,465 | -€9,993 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,458 | €31,465 | -€9,993 | -24.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.