GMBF 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.
GMBF CONSULTING
Largest movements
- Receivables within one year +€19,360
up €19,360 (+80.5%), from €24,053 to €43,414
of which Trade receivables: +€17,715
- Cash -€18,084
down €18,084 (-65.7%), from €27,529 to €9,445
mainly Contributions, distributions and other (-€20,161) and Receivables within one year (-€19,360)
- Tangible fixed assets -€8,636
down €8,636 (-25.2%), from €34,292 to €25,656
of which Leasing and similar rights: -€6,558
- Intangible fixed assets -€2,342
down €2,342 (-49.1%), from €4,770 to €2,428
- Deferred charges and accrued income -€1,332
down €1,332 (-70.7%), from €1,885 to €553
- Debts after one year -€9,498
down €9,498 (-53.7%), from €17,698 to €8,199
- Current portion of long-term debt -€2,266
down €2,266 (-19.3%), from €11,765 to €9,498
- Gross operating margin +€3,916
up €3,916 (+9.4%), from €41,819 to €45,736
- Depreciation +€856
up €856 (+6.7%), from €12,830 to €13,686
- Other operating charges +€737
up €737 (+37.9%), from €1,942 to €2,679
- Financial charges -€683
down €683 (-15.1%), from €4,512 to €3,829
- Taxes +€650
up €650 (+12.7%), from €5,115 to €5,764
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 | €92,873 | €81,838 | -€11,035 | -11.9% |
| Fixed assets | 21/28 | €39,405 | €28,427 | -€10,978 | -27.9% |
| Intangible fixed assets | 21 | €4,770 | €2,428 | -€2,342 | -49.1% |
| Tangible fixed assets | 22/27 | €34,292 | €25,656 | -€8,636 | -25.2% |
| Furniture and vehicles | 24 | €15,625 | €13,775 | -€1,850 | -11.8% |
| Leasing and similar rights | 25 | €18,112 | €11,554 | -€6,558 | -36.2% |
| Other tangible fixed assets | 26 | €556 | €328 | -€228 | -41.1% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €53,468 | €53,412 | -€57 | -0.1% |
| Amounts receivable within one year | 40/41 | €24,053 | €43,414 | +€19,360 | +80.5% |
| Trade receivables | 40 | €11,894 | €29,609 | +€17,715 | +149% |
| Other amounts receivable | 41 | €12,159 | €13,805 | +€1,646 | +13.5% |
| Cash at bank and in hand | 54/58 | €27,529 | €9,445 | -€18,084 | -65.7% |
| Deferred charges and accrued income | 490/1 | €1,885 | €553 | -€1,332 | -70.7% |
| Total equity and liabilities | 10/49 | €92,873 | €81,838 | -€11,035 | -11.9% |
| Equity | 10/15 | €36,617 | €36,617 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,017 | €18,017 | = | 0.0% |
| Distributable reserves | 133 | €18,017 | €18,017 | = | 0.0% |
| Amounts payable | 17/49 | €56,256 | €45,221 | -€11,035 | -19.6% |
| Amounts payable after more than one year | 17 | €17,698 | €8,199 | -€9,498 | -53.7% |
| Financial debts | 170/4 | €17,698 | €8,199 | -€9,498 | -53.7% |
| Amounts payable within one year | 42/48 | €38,154 | €36,820 | -€1,334 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,765 | €9,498 | -€2,266 | -19.3% |
| Trade debts | 44 | €3,092 | €2,794 | -€299 | -9.7% |
| Suppliers | 440/4 | €3,092 | €2,794 | -€299 | -9.7% |
| Taxes, remuneration and social security | 45 | €3,798 | €4,368 | +€570 | +15.0% |
| Taxes | 450/3 | €2,298 | €2,868 | +€570 | +24.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €19,500 | €20,161 | +€661 | +3.4% |
| Accrued charges and deferred income | 492/3 | €404 | €202 | -€202 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,830 | €13,686 | +€856 | +6.7% |
| Other operating charges | 640/8 | €1,942 | €2,679 | +€737 | +37.9% |
| Gross operating margin | 9900 | €41,819 | €45,736 | +€3,916 | +9.4% |
| Operating profit (loss) | 9901 | €27,047 | €29,371 | +€2,323 | +8.6% |
| Financial income | 75/76B | €137 | €384 | +€247 | +180% |
| Recurring financial income | 75 | €137 | €384 | +€247 | +180% |
| Financial charges | 65/66B | €4,512 | €3,829 | -€683 | -15.1% |
| Recurring financial charges | 65 | €4,512 | €3,829 | -€683 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €22,672 | €25,925 | +€3,252 | +14.3% |
| Income taxes | 67/77 | €5,115 | €5,764 | +€650 | +12.7% |
| Profit (loss) for the period | 9904 | €17,558 | €20,161 | +€2,603 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,558 | €20,161 | +€2,603 | +14.8% |
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.