GL Consultancy: 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.
GL Consultancy
Largest movements
- Cash +€42,745
up €42,745 (+36.6%), from €116,679 to €159,424
mainly Net result for the year (+€81,920) and Depreciation (+€17,585)
- Current investments +€11,707
up €11,707 (+19.2%), from €61,120 to €72,828
- Reserves +€56,900
up €56,900 (+25.7%), from €221,200 to €278,100
- Debts after one year -€9,006
down €9,006 (-5.9%), from €153,505 to €144,499
- Gross operating margin +€34,932
up €34,932 (+33.1%), from €105,485 to €140,418
- Taxes +€10,716
up €10,716 (+55.9%), from €19,174 to €29,890
- Depreciation -€8,076
down €8,076 (-31.5%), from €25,660 to €17,585
- Financial income +€1,646
up €1,646 (+452%), from €364 to €2,010
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 | €419,139 | €472,455 | +€53,317 | +12.7% |
| Fixed assets | 21/28 | €204,325 | €201,396 | -€2,929 | -1.4% |
| Tangible fixed assets | 22/27 | €204,325 | €201,396 | -€2,929 | -1.4% |
| Land and buildings | 22 | €183,582 | €174,646 | -€8,936 | -4.9% |
| Plant, machinery and equipment | 23 | €2,501 | €8,721 | +€6,220 | +249% |
| Furniture and vehicles | 24 | €18,242 | €18,029 | -€213 | -1.2% |
| Current assets | 29/58 | €214,814 | €271,059 | +€56,245 | +26.2% |
| Amounts receivable within one year | 40/41 | €36,130 | €37,932 | +€1,801 | +5.0% |
| Trade receivables | 40 | €28,980 | €34,218 | +€5,238 | +18.1% |
| Other amounts receivable | 41 | €7,150 | €3,713 | -€3,436 | -48.1% |
| Current investments | 50/53 | €61,120 | €72,828 | +€11,707 | +19.2% |
| Cash at bank and in hand | 54/58 | €116,679 | €159,424 | +€42,745 | +36.6% |
| Deferred charges and accrued income | 490/1 | €884 | €875 | -€8 | -0.9% |
| Total equity and liabilities | 10/49 | €419,139 | €472,455 | +€53,317 | +12.7% |
| Equity | 10/15 | €226,745 | €283,665 | +€56,920 | +25.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €221,200 | €278,100 | +€56,900 | +25.7% |
| Distributable reserves | 133 | €221,200 | €278,100 | +€56,900 | +25.7% |
| Profit (loss) carried forward | 14 | €545 | €565 | +€20 | +3.7% |
| Amounts payable | 17/49 | €192,394 | €188,790 | -€3,603 | -1.9% |
| Amounts payable after more than one year | 17 | €153,505 | €144,499 | -€9,006 | -5.9% |
| Financial debts | 170/4 | €153,505 | €144,499 | -€9,006 | -5.9% |
| Amounts payable within one year | 42/48 | €33,378 | €40,773 | +€7,395 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €8,615 | €9,006 | +€390 | +4.5% |
| Trade debts | 44 | €2,527 | €3,233 | +€706 | +28.0% |
| Suppliers | 440/4 | €2,527 | €3,233 | +€706 | +28.0% |
| Taxes, remuneration and social security | 45 | €14,614 | €19,042 | +€4,428 | +30.3% |
| Taxes | 450/3 | €12,737 | €13,829 | +€1,092 | +8.6% |
| Remuneration and social security | 454/9 | €1,877 | €5,213 | +€3,336 | +178% |
| Other amounts payable | 47/48 | €7,623 | €9,492 | +€1,870 | +24.5% |
| Accrued charges and deferred income | 492/3 | €5,511 | €3,518 | -€1,992 | -36.2% |
| Non-recurring operating income | 76A | €21,703 | - | -€21,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,660 | €17,585 | -€8,076 | -31.5% |
| Other operating charges | 640/8 | €1,876 | €1,833 | -€42 | -2.3% |
| Gross operating margin | 9900 | €105,485 | €140,418 | +€34,932 | +33.1% |
| Operating profit (loss) | 9901 | €77,949 | €121,000 | +€43,050 | +55.2% |
| Financial income | 75/76B | €364 | €2,010 | +€1,646 | +452% |
| Recurring financial income | 75 | €364 | €2,010 | +€1,646 | +452% |
| Financial charges | 65/66B | €11,601 | €11,200 | -€401 | -3.5% |
| Recurring financial charges | 65 | €11,601 | €11,200 | -€401 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €66,713 | €111,810 | +€45,097 | +67.6% |
| Income taxes | 67/77 | €19,174 | €29,890 | +€10,716 | +55.9% |
| Profit (loss) for the period | 9904 | €47,539 | €81,920 | +€34,381 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,539 | €81,920 | +€34,381 | +72.3% |
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 14 October 2026 via checked.be.