GHP 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.
GHP Consult
Largest movements
- Current investments -€155,385
down €155,385 (-13.5%), from €1.1m to €993,752
- Cash +€27,204
up €27,204 (+13.4%), from €203,718 to €230,922
mainly Current investments (+€155,385) and Net result for the year (+€115,546)
- Reserves -€153,000
down €153,000 (-13.6%), from €1.1m to €973,429
of which Distributable reserves: -€153,000
- Tax, wage and social debts +€18,172
up €18,172 (+1,136%), from €1,600 to €19,772
of which Taxes: +€15,772
- Gross operating margin -€132,041
down €132,041 (-44.5%), from €296,580 to €164,539
- Taxes -€40,327
down €40,327 (-45.6%), from €88,373 to €48,046
- Depreciation -€12,940
down €12,940 (-73.2%), from €17,687 to €4,747
- Financial income -€8,272
down €8,272 (-52.2%), from €15,851 to €7,579
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 | €1,370,494 | €1,228,625 | -€141,869 | -10.4% |
| Fixed assets | 21/28 | €5,558 | €811 | -€4,747 | -85.4% |
| Tangible fixed assets | 22/27 | €5,558 | €811 | -€4,747 | -85.4% |
| Furniture and vehicles | 24 | €5,558 | €811 | -€4,747 | -85.4% |
| Current assets | 29/58 | €1,364,936 | €1,227,814 | -€137,122 | -10.0% |
| Amounts receivable within one year | 40/41 | €10,551 | €2,544 | -€8,007 | -75.9% |
| Other amounts receivable | 41 | €10,551 | €2,544 | -€8,007 | -75.9% |
| Current investments | 50/53 | €1,149,137 | €993,752 | -€155,385 | -13.5% |
| Cash at bank and in hand | 54/58 | €203,718 | €230,922 | +€27,204 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,530 | €596 | -€934 | -61.0% |
| Total equity and liabilities | 10/49 | €1,370,494 | €1,228,625 | -€141,869 | -10.4% |
| Equity | 10/15 | €1,360,426 | €1,207,972 | -€152,454 | -11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,126,429 | €973,429 | -€153,000 | -13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,569 | €21,569 | = | 0.0% |
| Distributable reserves | 133 | €1,103,000 | €950,000 | -€153,000 | -13.9% |
| Profit (loss) carried forward | 14 | €221,596 | €222,142 | +€546 | +0.2% |
| Amounts payable | 17/49 | €10,068 | €20,653 | +€10,585 | +105% |
| Amounts payable within one year | 42/48 | €10,068 | €20,653 | +€10,585 | +105% |
| Trade debts | 44 | €8,468 | €881 | -€7,587 | -89.6% |
| Suppliers | 440/4 | €8,468 | €881 | -€7,587 | -89.6% |
| Taxes, remuneration and social security | 45 | €1,600 | €19,772 | +€18,172 | +1,136% |
| Taxes | 450/3 | €1,600 | €17,372 | +€15,772 | +986% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,687 | €4,747 | -€12,940 | -73.2% |
| Other operating charges | 640/8 | €1,404 | €3,043 | +€1,639 | +117% |
| Gross operating margin | 9900 | €296,580 | €164,539 | -€132,041 | -44.5% |
| Operating profit (loss) | 9901 | €277,489 | €156,749 | -€120,740 | -43.5% |
| Financial income | 75/76B | €15,851 | €7,579 | -€8,272 | -52.2% |
| Recurring financial income | 75 | €15,851 | €7,579 | -€8,272 | -52.2% |
| Financial charges | 65/66B | €3,444 | €736 | -€2,708 | -78.6% |
| Recurring financial charges | 65 | €3,444 | €736 | -€2,708 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €289,895 | €163,592 | -€126,303 | -43.6% |
| Income taxes | 67/77 | €88,373 | €48,046 | -€40,327 | -45.6% |
| Profit (loss) for the period | 9904 | €201,522 | €115,546 | -€85,976 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,522 | €115,546 | -€85,976 | -42.7% |
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 28 October 2026 via checked.be.