GLH 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.
GLH Consulting
Largest movements
- Tangible fixed assets +€42,826
up €42,826 (+90.7%), from €47,210 to €90,036
of which Furniture and vehicles: +€43,447
- Cash -€20,699
down €20,699 (-32.2%), from €64,325 to €43,626
mainly Contributions, distributions and other (-€96,010) and Investment in fixed assets (net) (-€65,907)
- Receivables within one year +€16,650
up €16,650 (+39.6%), from €42,083 to €58,732
of which Trade receivables: +€16,352
- Debts after one year +€40,757
up €40,757, from €0 to €40,757
- Other debts -€22,445
down €22,445 (-16.6%), from €135,074 to €112,629
- Tax, wage and social debts +€10,545
up €10,545 (+2139.6%), from €493 to €11,038
- Current portion of long-term debt +€9,317
up €9,317 (+356.8%), from €2,611 to €11,929
- Gross operating margin +€38,665
up €38,665 (+34.7%), from €111,398 to €150,063
- Taxes +€7,753
up €7,753 (+38.5%), from €20,153 to €27,906
- Depreciation +€7,180
up €7,180 (+45.2%), from €15,901 to €23,080
- Financial charges +€2,435
up €2,435 (+1020.8%), from €239 to €2,673
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.
Cash bridge derived
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 | €158,134 | €196,321 | +€38,187 | +24.1% |
| Fixed assets | 21/28 | €47,210 | €90,036 | +€42,826 | +90.7% |
| Tangible fixed assets | 22/27 | €47,210 | €90,036 | +€42,826 | +90.7% |
| Plant, machinery and equipment | 23 | €1,214 | €594 | -€621 | -51.1% |
| Furniture and vehicles | 24 | €45,996 | €89,443 | +€43,447 | +94.5% |
| Current assets | 29/58 | €110,924 | €106,284 | -€4,639 | -4.2% |
| Amounts receivable within one year | 40/41 | €42,083 | €58,732 | +€16,650 | +39.6% |
| Trade receivables | 40 | €42,062 | €58,415 | +€16,352 | +38.9% |
| Other amounts receivable | 41 | €20 | €318 | +€297 | +1460.0% |
| Cash at bank and in hand | 54/58 | €64,325 | €43,626 | -€20,699 | -32.2% |
| Deferred charges and accrued income | 490/1 | €4,516 | €3,926 | -€590 | -13.1% |
| Total equity and liabilities | 10/49 | €158,134 | €196,321 | +€38,187 | +24.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,534 | €177,721 | +€38,187 | +27.4% |
| Amounts payable after more than one year | 17 | €0 | €40,757 | +€40,757 | |
| Financial debts | 170/4 | €0 | €40,757 | +€40,757 | |
| Amounts payable within one year | 42/48 | €139,534 | €136,964 | -€2,570 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | €11,929 | +€9,317 | +356.8% |
| Financial debts | 43 | - | €107 | +€107 | |
| Credit institutions | 430/8 | - | €107 | +€107 | |
| Trade debts | 44 | €1,356 | €1,261 | -€95 | -7.0% |
| Suppliers | 440/4 | €1,356 | €1,261 | -€95 | -7.0% |
| Taxes, remuneration and social security | 45 | €493 | €11,038 | +€10,545 | +2139.6% |
| Taxes | 450/3 | €493 | €11,038 | +€10,545 | +2139.6% |
| Other amounts payable | 47/48 | €135,074 | €112,629 | -€22,445 | -16.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,901 | €23,080 | +€7,180 | +45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €903 | €842 | -€61 | -6.8% |
| Gross operating margin | 9900 | €111,398 | €150,063 | +€38,665 | +34.7% |
| Operating profit (loss) | 9901 | €94,594 | €126,141 | +€31,547 | +33.3% |
| Financial income | 75/76B | €128 | €447 | +€320 | +250.8% |
| Recurring financial income | 75 | €128 | €447 | +€320 | +250.8% |
| Financial charges | 65/66B | €239 | €2,673 | +€2,435 | +1020.8% |
| Recurring financial charges | 65 | €239 | €2,673 | +€2,435 | +1020.8% |
| Profit (loss) for the period before taxes | 9903 | €94,483 | €123,916 | +€29,432 | +31.2% |
| Income taxes | 67/77 | €20,153 | €27,906 | +€7,753 | +38.5% |
| Profit (loss) for the period | 9904 | €74,330 | €96,010 | +€21,680 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,330 | €96,010 | +€21,680 | +29.2% |
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 9 October 2026 via checked.be.