GJH-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.
GJH-CONSULTING
Largest movements
- Tangible fixed assets -€115,036
down €115,036 (-30.4%), from €378,565 to €263,529
- Cash +€86,045
up €86,045 (+30.9%), from €278,806 to €364,851
mainly Net result for the year (+€1.1m) and Depreciation (+€92,728)
- Receivables within one year +€29,914
up €29,914 (+50.4%), from €59,382 to €89,296
of which Trade receivables: +€31,818
- Debts after one year -€25,577
down €25,577 (-46.6%), from €54,873 to €29,296
- Other debts -€23,233
down €23,233 (-4.9%), from €475,653 to €452,421
- Tax, wage and social debts +€22,484
up €22,484 (+32.0%), from €70,282 to €92,766
of which Taxes: +€19,568
- Short-term financial debts +€16,473
up €16,473 (+19.5%), from €84,501 to €100,974
- Gross operating margin +€187,515
up €187,515 (+11.8%), from €1.6m to €1.8m
- Taxes +€54,002
up €54,002 (+16.1%), from €334,983 to €388,984
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 | €736,361 | €732,401 | -€3,960 | -0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €387,565 | €272,529 | -€115,036 | -29.7% |
| Tangible fixed assets | 22/27 | €378,565 | €263,529 | -€115,036 | -30.4% |
| Land and buildings | 22 | €86,194 | €70,961 | -€15,233 | -17.7% |
| Plant, machinery and equipment | 23 | €154,022 | €111,133 | -€42,889 | -27.8% |
| Furniture and vehicles | 24 | €138,349 | €81,434 | -€56,915 | -41.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €348,796 | €459,872 | +€111,076 | +31.8% |
| Amounts receivable within one year | 40/41 | €59,382 | €89,296 | +€29,914 | +50.4% |
| Trade receivables | 40 | €53,016 | €84,834 | +€31,818 | +60.0% |
| Other amounts receivable | 41 | €6,366 | €4,462 | -€1,904 | -29.9% |
| Cash at bank and in hand | 54/58 | €278,806 | €364,851 | +€86,045 | +30.9% |
| Deferred charges and accrued income | 490/1 | €10,608 | €5,725 | -€4,883 | -46.0% |
| Total equity and liabilities | 10/49 | €736,361 | €732,401 | -€3,960 | -0.5% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €715,956 | €711,996 | -€3,960 | -0.6% |
| Amounts payable after more than one year | 17 | €54,873 | €29,296 | -€25,577 | -46.6% |
| Financial debts | 170/4 | €54,873 | €29,296 | -€25,577 | -46.6% |
| Amounts payable within one year | 42/48 | €661,083 | €682,699 | +€21,616 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €24,516 | €25,577 | +€1,061 | +4.3% |
| Financial debts | 43 | €84,501 | €100,974 | +€16,473 | +19.5% |
| Credit institutions | 430/8 | €84,501 | €100,974 | +€16,473 | +19.5% |
| Trade debts | 44 | €6,132 | €10,963 | +€4,831 | +78.8% |
| Suppliers | 440/4 | €6,132 | €10,963 | +€4,831 | +78.8% |
| Taxes, remuneration and social security | 45 | €70,282 | €92,766 | +€22,484 | +32.0% |
| Taxes | 450/3 | €50,614 | €70,182 | +€19,568 | +38.7% |
| Remuneration and social security | 454/9 | €19,667 | €22,583 | +€2,916 | +14.8% |
| Other amounts payable | 47/48 | €475,653 | €452,421 | -€23,233 | -4.9% |
| Non-recurring operating income | 76A | - | €44,461 | +€44,461 | |
| Remuneration, social security and pensions | 62 | €137,849 | €129,242 | -€8,606 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,482 | €92,728 | -€15,755 | -14.5% |
| Other operating charges | 640/8 | €14,130 | €3,046 | -€11,084 | -78.4% |
| Gross operating margin | 9900 | €1,583,592 | €1,771,107 | +€187,515 | +11.8% |
| Operating profit (loss) | 9901 | €1,323,131 | €1,546,092 | +€222,960 | +16.9% |
| Financial income | 75/76B | €3,252 | €24 | -€3,229 | -99.3% |
| Recurring financial income | 75 | €3,252 | €24 | -€3,229 | -99.3% |
| Financial charges | 65/66B | €11,696 | €13,459 | +€1,763 | +15.1% |
| Recurring financial charges | 65 | €11,696 | €13,459 | +€1,763 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €1,314,687 | €1,532,656 | +€217,969 | +16.6% |
| Income taxes | 67/77 | €334,983 | €388,984 | +€54,002 | +16.1% |
| Profit (loss) for the period | 9904 | €979,705 | €1,143,672 | +€163,967 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €979,705 | €1,143,672 | +€163,967 | +16.7% |
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 29 October 2026 via checked.be.