GMAT 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.
GMAT CONSULTING
Largest movements
- Receivables within one year -€2,674
down €2,674 (-42.3%), from €6,319 to €3,645
- Cash +€402
new in 2025: €402
mainly Receivables within one year (+€2,674)
- Profit (loss) carried forward -€2,172
down €2,172 (-16.6%), from -€13,083 to -€15,255
- Trade debts -€94
down €94 (-19.3%), from €486 to €392
- Other operating charges -€2,221
no longer reported in 2025 (was €2,221)
- Gross operating margin +€269
up €269 (+10.7%), from -€2,510 to -€2,241
- Financial income -€183
down €183 (-40.4%), from €453 to €270
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 | €7,869 | €5,597 | -€2,272 | -28.9% |
| Fixed assets | 21/28 | €1,550 | €1,550 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,500 | €1,500 | = | 0.0% |
| Furniture and vehicles | 24 | €1,500 | €1,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,319 | €4,047 | -€2,272 | -35.9% |
| Amounts receivable within one year | 40/41 | €6,319 | €3,645 | -€2,674 | -42.3% |
| Other amounts receivable | 41 | €6,319 | €3,645 | -€2,674 | -42.3% |
| Cash at bank and in hand | 54/58 | - | €402 | +€402 | |
| Total equity and liabilities | 10/49 | €7,869 | €5,597 | -€2,272 | -28.9% |
| Equity | 10/15 | €7,377 | €5,205 | -€2,172 | -29.4% |
| 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 | -€13,083 | -€15,255 | -€2,172 | -16.6% |
| Amounts payable | 17/49 | €492 | €392 | -€99 | -20.2% |
| Amounts payable within one year | 42/48 | €492 | €392 | -€99 | -20.2% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €486 | €392 | -€94 | -19.3% |
| Suppliers | 440/4 | €486 | €392 | -€94 | -19.3% |
| Other operating charges | 640/8 | €2,221 | - | -€2,221 | |
| Gross operating margin | 9900 | -€2,510 | -€2,241 | +€269 | +10.7% |
| Operating profit (loss) | 9901 | -€4,731 | -€2,241 | +€2,490 | +52.6% |
| Financial income | 75/76B | €453 | €270 | -€183 | -40.4% |
| Recurring financial income | 75 | €453 | €270 | -€183 | -40.4% |
| Financial charges | 65/66B | €191 | €201 | +€10 | +5.3% |
| Recurring financial charges | 65 | €191 | €201 | +€10 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,469 | -€2,172 | +€2,297 | +51.4% |
| Profit (loss) for the period | 9904 | -€4,469 | -€2,172 | +€2,297 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,469 | -€2,172 | +€2,297 | +51.4% |
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 20 October 2026 via checked.be.