GMG 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.
GMG consulting
Largest movements
- Cash +€35,107
up €35,107 (+197%), from €17,827 to €52,933
mainly Net result for the year (+€58,804) and Tax, wage and social debts (+€9,908)
- Receivables within one year +€32,973
up €32,973 (+255%), from €12,927 to €45,900
of which Other amounts receivable: +€24,804
- Profit (loss) carried forward +€57,971
up €57,971 (+290%), from €19,977 to €77,948
- Tax, wage and social debts +€9,908
up €9,908 (+86.7%), from €11,424 to €21,333
- Gross operating margin +€47,736
up €47,736 (+178%), from €26,838 to €74,573
- Taxes +€9,757
up €9,757 (+182%), from €5,371 to €15,128
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 | €32,469 | €100,143 | +€67,674 | +208% |
| Fixed assets | 21/28 | €1,115 | €709 | -€405 | -36.4% |
| Tangible fixed assets | 22/27 | €1,115 | €709 | -€405 | -36.4% |
| Furniture and vehicles | 24 | €1,115 | €709 | -€405 | -36.4% |
| Current assets | 29/58 | €31,354 | €99,434 | +€68,080 | +217% |
| Amounts receivable within one year | 40/41 | €12,927 | €45,900 | +€32,973 | +255% |
| Trade receivables | 40 | €12,731 | €20,900 | +€8,169 | +64.2% |
| Other amounts receivable | 41 | €196 | €25,000 | +€24,804 | +12,628% |
| Cash at bank and in hand | 54/58 | €17,827 | €52,933 | +€35,107 | +197% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,469 | €100,143 | +€67,674 | +208% |
| Equity | 10/15 | €20,002 | €77,973 | +€57,971 | +290% |
| Contributions | 10/11 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,977 | €77,948 | +€57,971 | +290% |
| Amounts payable | 17/49 | €12,466 | €22,170 | +€9,704 | +77.8% |
| Amounts payable within one year | 42/48 | €12,466 | €22,170 | +€9,704 | +77.8% |
| Trade debts | 44 | €242 | €4 | -€238 | -98.2% |
| Suppliers | 440/4 | €242 | €4 | -€238 | -98.2% |
| Taxes, remuneration and social security | 45 | €11,424 | €21,333 | +€9,908 | +86.7% |
| Taxes | 450/3 | €11,424 | €21,333 | +€9,908 | +86.7% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €405 | +€304 | +300% |
| Other operating charges | 640/8 | €448 | €196 | -€252 | -56.3% |
| Gross operating margin | 9900 | €26,838 | €74,573 | +€47,736 | +178% |
| Operating profit (loss) | 9901 | €26,289 | €73,972 | +€47,683 | +181% |
| Financial charges | 65/66B | €141 | €40 | -€101 | -71.3% |
| Recurring financial charges | 65 | €141 | €40 | -€101 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €26,148 | €73,932 | +€47,784 | +183% |
| Income taxes | 67/77 | €5,371 | €15,128 | +€9,757 | +182% |
| Profit (loss) for the period | 9904 | €20,777 | €58,804 | +€38,027 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €20,777 | €58,804 | +€38,027 | +183% |
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 22 October 2026 via checked.be.