GMG CONSULT: 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.
GMG CONSULT
Largest movements
- Cash +€19,179
up €19,179 (+15.8%), from €121,129 to €140,308
mainly Other debts (+€90,038) and Net result for the year (+€47,544)
- Receivables within one year +€4,365
up €4,365 (+24.1%), from €18,083 to €22,449
of which Trade receivables: +€4,261
- Other debts +€90,038
up €90,038 (+300%), from €30,000 to €120,038
- Profit (loss) carried forward -€72,456
down €72,456 (-90.5%), from €80,090 to €7,634
- Tax, wage and social debts +€5,098
up €5,098 (+79.7%), from €6,394 to €11,492
of which Remuneration and social security: +€3,837
- Gross operating margin -€2,459
down €2,459 (-3.7%), from €66,190 to €63,731
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 | €141,836 | €163,225 | +€21,389 | +15.1% |
| Fixed assets | 21/28 | €1,498 | €318 | -€1,180 | -78.8% |
| Tangible fixed assets | 22/27 | €1,498 | €318 | -€1,180 | -78.8% |
| Furniture and vehicles | 24 | €1,498 | €318 | -€1,180 | -78.8% |
| Current assets | 29/58 | €140,338 | €162,907 | +€22,569 | +16.1% |
| Amounts receivable within one year | 40/41 | €18,083 | €22,449 | +€4,365 | +24.1% |
| Trade receivables | 40 | €11,144 | €15,405 | +€4,261 | +38.2% |
| Other amounts receivable | 41 | €6,939 | €7,044 | +€105 | +1.5% |
| Cash at bank and in hand | 54/58 | €121,129 | €140,308 | +€19,179 | +15.8% |
| Deferred charges and accrued income | 490/1 | €1,126 | €150 | -€976 | -86.6% |
| Total equity and liabilities | 10/49 | €141,836 | €163,225 | +€21,389 | +15.1% |
| Equity | 10/15 | €100,550 | €28,094 | -€72,456 | -72.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,090 | €7,634 | -€72,456 | -90.5% |
| Amounts payable | 17/49 | €41,286 | €135,131 | +€93,845 | +227% |
| Amounts payable within one year | 42/48 | €41,286 | €135,131 | +€93,845 | +227% |
| Trade debts | 44 | €4,892 | €3,601 | -€1,291 | -26.4% |
| Suppliers | 440/4 | €4,892 | €3,601 | -€1,291 | -26.4% |
| Taxes, remuneration and social security | 45 | €6,394 | €11,492 | +€5,098 | +79.7% |
| Taxes | 450/3 | €6,394 | €7,655 | +€1,261 | +19.7% |
| Remuneration and social security | 454/9 | - | €3,837 | +€3,837 | |
| Other amounts payable | 47/48 | €30,000 | €120,038 | +€90,038 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,477 | €1,180 | -€297 | -20.1% |
| Other operating charges | 640/8 | €661 | €1,026 | +€365 | +55.2% |
| Gross operating margin | 9900 | €66,190 | €63,731 | -€2,459 | -3.7% |
| Operating profit (loss) | 9901 | €64,053 | €61,526 | -€2,527 | -3.9% |
| Financial income | 75/76B | €4 | €5 | +€1 | +39.1% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +39.1% |
| Financial charges | 65/66B | €117 | €206 | +€89 | +75.6% |
| Recurring financial charges | 65 | €117 | €206 | +€89 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €63,939 | €61,325 | -€2,614 | -4.1% |
| Income taxes | 67/77 | €14,183 | €13,781 | -€402 | -2.8% |
| Profit (loss) for the period | 9904 | €49,756 | €47,544 | -€2,212 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,756 | €47,544 | -€2,212 | -4.4% |
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 16 October 2026 via checked.be.