GFMC: what changed
What changed
GFMC
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€59,405
2024 · €50,335+€9,070
Equity
€114,740
2024 · €136,373-€21,633
Cash
€53,785
2024 · €19,561+€34,223
Balance sheet total
€125,115
2024 · €140,260-€15,145
Largest movements
Assets
- Current investments -€42,000
down €42,000 (-45.7%), from €92,000 to €50,000
- Cash +€34,223
up €34,223 (+175%), from €19,561 to €53,785
mainly Net result for the year (+€59,405) and Current investments (+€42,000)
- Tangible fixed assets -€8,332
down €8,332 (-59.6%), from €13,977 to €5,645
of which Furniture and vehicles: -€8,191
Equity and liabilities
- Reserves -€21,633
down €21,633 (-16.5%), from €131,373 to €109,740
- Tax, wage and social debts +€4,682
up €4,682 (+224%), from €2,087 to €6,769
Income statement
- Gross operating margin +€11,475
up €11,475 (+16.4%), from €69,873 to €81,347
- Taxes +€2,558
up €2,558 (+18.7%), from €13,674 to €16,233
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€50,335
Gross operating margin
+€11,475
Depreciation
-€247
Other operating charges
+€232
Financial income
+€168
Financial charges
+€1
Taxes
-€2,558
Result 2025
€59,405
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,262
Investment
+€42,000
Financing
-€81,038
Cash 2024
€19,561
From operations (derived)
+€73,262
Net result for the year
+€59,405
Depreciation
+€8,332
Receivables within one year
-€963
Trade debts
+€43
Tax, wage and social debts
+€4,682
Other debts
+€422
Accrued charges and deferred income
+€1,341
Investment (derived)
+€42,000
Current investments
+€42,000
Financing
-€81,038
Contributions, distributions and other
-€81,038
Cash 2025
€53,785
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,260 | €125,115 | -€15,145 | -10.8% |
| Fixed assets | 21/28 | €13,977 | €5,645 | -€8,332 | -59.6% |
| Tangible fixed assets | 22/27 | €13,977 | €5,645 | -€8,332 | -59.6% |
| Plant, machinery and equipment | 23 | €380 | €240 | -€140 | -36.9% |
| Furniture and vehicles | 24 | €13,597 | €5,405 | -€8,191 | -60.2% |
| Current assets | 29/58 | €126,283 | €119,469 | -€6,814 | -5.4% |
| Amounts receivable within one year | 40/41 | €14,722 | €15,685 | +€963 | +6.5% |
| Trade receivables | 40 | €13,934 | €14,632 | +€698 | +5.0% |
| Other amounts receivable | 41 | €788 | €1,053 | +€265 | +33.7% |
| Current investments | 50/53 | €92,000 | €50,000 | -€42,000 | -45.7% |
| Cash at bank and in hand | 54/58 | €19,561 | €53,785 | +€34,223 | +175% |
| Total equity and liabilities | 10/49 | €140,260 | €125,115 | -€15,145 | -10.8% |
| Equity | 10/15 | €136,373 | €114,740 | -€21,633 | -15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,373 | €109,740 | -€21,633 | -16.5% |
| Distributable reserves | 133 | €131,373 | €109,740 | -€21,633 | -16.5% |
| Amounts payable | 17/49 | €3,887 | €10,375 | +€6,488 | +167% |
| Amounts payable within one year | 42/48 | €3,413 | €8,560 | +€5,147 | +151% |
| Trade debts | 44 | €683 | €725 | +€43 | +6.2% |
| Suppliers | 440/4 | €683 | €725 | +€43 | +6.2% |
| Taxes, remuneration and social security | 45 | €2,087 | €6,769 | +€4,682 | +224% |
| Taxes | 450/3 | €2,087 | €6,769 | +€4,682 | +224% |
| Other amounts payable | 47/48 | €643 | €1,066 | +€422 | +65.7% |
| Accrued charges and deferred income | 492/3 | €474 | €1,815 | +€1,341 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,084 | €8,332 | +€247 | +3.1% |
| Other operating charges | 640/8 | €1,256 | €1,024 | -€232 | -18.5% |
| Gross operating margin | 9900 | €69,873 | €81,347 | +€11,475 | +16.4% |
| Operating profit (loss) | 9901 | €60,532 | €71,991 | +€11,459 | +18.9% |
| Financial income | 75/76B | €3,531 | €3,699 | +€168 | +4.8% |
| Recurring financial income | 75 | €3,531 | €3,699 | +€168 | +4.8% |
| Financial charges | 65/66B | €54 | €53 | -€1 | -2.3% |
| Recurring financial charges | 65 | €54 | €53 | -€1 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €64,009 | €75,638 | +€11,629 | +18.2% |
| Income taxes | 67/77 | €13,674 | €16,233 | +€2,558 | +18.7% |
| Profit (loss) for the period | 9904 | €50,335 | €59,405 | +€9,070 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,335 | €59,405 | +€9,070 | +18.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.