GGDS Consult: 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.
GGDS Consult
Largest movements
- Current investments +€540,984
up €540,984 (+75.0%), from €721,368 to €1.3m
- Cash -€219,457
down €219,457 (-30.1%), from €729,320 to €509,863
mainly Current investments (-€540,984) and Contributions, distributions and other (-€400,000)
- Receivables within one year -€90,166
down €90,166 (-70.7%), from €127,521 to €37,355
of which Trade receivables: -€112,185
- Other debts +€188,795
up €188,795 (+12.6%), from €1.5m to €1.7m
- Tax, wage and social debts +€41,446
up €41,446 (+57.6%), from €71,965 to €113,412
of which Taxes: +€43,446
- Gross operating margin -€289,458
down €289,458 (-35.1%), from €825,718 to €536,260
- Taxes -€73,659
down €73,659 (-35.2%), from €209,526 to €135,867
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 | €1,605,836 | €1,830,529 | +€224,694 | +14.0% |
| Fixed assets | 21/28 | €25,263 | €18,062 | -€7,201 | -28.5% |
| Tangible fixed assets | 22/27 | €25,013 | €17,812 | -€7,201 | -28.8% |
| Furniture and vehicles | 24 | €246 | €1,785 | +€1,539 | +626% |
| Other tangible fixed assets | 26 | €24,768 | €16,027 | -€8,740 | -35.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,580,572 | €1,812,467 | +€231,895 | +14.7% |
| Amounts receivable within one year | 40/41 | €127,521 | €37,355 | -€90,166 | -70.7% |
| Trade receivables | 40 | €115,510 | €3,325 | -€112,185 | -97.1% |
| Other amounts receivable | 41 | €12,011 | €34,029 | +€22,019 | +183% |
| Current investments | 50/53 | €721,368 | €1,262,352 | +€540,984 | +75.0% |
| Cash at bank and in hand | 54/58 | €729,320 | €509,863 | -€219,457 | -30.1% |
| Deferred charges and accrued income | 490/1 | €2,364 | €2,897 | +€533 | +22.6% |
| Total equity and liabilities | 10/49 | €1,605,836 | €1,830,529 | +€224,694 | +14.0% |
| Equity | 10/15 | €20,730 | €21,592 | +€862 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270 | €1,132 | +€862 | +320% |
| Amounts payable | 17/49 | €1,585,106 | €1,808,938 | +€223,832 | +14.1% |
| Amounts payable within one year | 42/48 | €1,584,600 | €1,808,938 | +€224,338 | +14.2% |
| Trade debts | 44 | €11,698 | €5,795 | -€5,903 | -50.5% |
| Suppliers | 440/4 | €11,698 | €5,795 | -€5,903 | -50.5% |
| Taxes, remuneration and social security | 45 | €71,965 | €113,412 | +€41,446 | +57.6% |
| Taxes | 450/3 | €69,965 | €113,412 | +€43,446 | +62.1% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,500,936 | €1,689,731 | +€188,795 | +12.6% |
| Accrued charges and deferred income | 492/3 | €506 | - | -€506 | |
| Non-recurring operating income | 76A | €3,074 | - | -€3,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,964 | €9,588 | +€624 | +7.0% |
| Other operating charges | 640/8 | €2,614 | €3,166 | +€552 | +21.1% |
| Gross operating margin | 9900 | €825,718 | €536,260 | -€289,458 | -35.1% |
| Operating profit (loss) | 9901 | €814,140 | €523,506 | -€290,634 | -35.7% |
| Financial income | 75/76B | €17,137 | €14,398 | -€2,739 | -16.0% |
| Recurring financial income | 75 | €17,137 | €14,398 | -€2,739 | -16.0% |
| Financial charges | 65/66B | €644 | €1,176 | +€532 | +82.5% |
| Recurring financial charges | 65 | €644 | €1,176 | +€532 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €830,633 | €536,728 | -€293,905 | -35.4% |
| Income taxes | 67/77 | €209,526 | €135,867 | -€73,659 | -35.2% |
| Profit (loss) for the period | 9904 | €621,107 | €400,862 | -€220,245 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €621,107 | €400,862 | -€220,245 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.