GMH 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.
GMH Consult
Largest movements
- Cash -€76,845
down €76,845 (-50.6%), from €151,963 to €75,118
mainly Contributions, distributions and other (-€122,455) and Other debts (-€57,407)
- Tangible fixed assets -€22,758
down €22,758 (-26.0%), from €87,689 to €64,931
of which Furniture and vehicles: -€19,240
- Receivables within one year -€11,500
down €11,500 (-33.3%), from €34,500 to €23,000
of which Other amounts receivable: -€9,000
- Other debts -€57,407
down €57,407 (-33.6%), from €171,091 to €113,684
- Reserves -€30,000
down €30,000 (-69.0%), from €43,474 to €13,474
- Debts after one year -€21,070
down €21,070 (-35.4%), from €59,548 to €38,478
- Tax, wage and social debts -€3,164
down €3,164 (-25.5%), from €12,404 to €9,240
- Financial income -€7,446
down €7,446 (-88.2%), from €8,439 to €993
- Depreciation +€4,864
up €4,864 (+24.8%), from €19,644 to €24,509
- Other operating charges -€4,854
down €4,854 (-71.2%), from €6,822 to €1,968
- Financial charges +€1,972
up €1,972 (+47.2%), from €4,175 to €6,147
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 | €311,377 | €201,850 | -€109,527 | -35.2% |
| Fixed assets | 21/28 | €123,844 | €102,636 | -€21,208 | -17.1% |
| Tangible fixed assets | 22/27 | €87,689 | €64,931 | -€22,758 | -26.0% |
| Plant, machinery and equipment | 23 | €1,257 | €2,635 | +€1,378 | +110% |
| Furniture and vehicles | 24 | €73,607 | €54,367 | -€19,240 | -26.1% |
| Other tangible fixed assets | 26 | €12,824 | €7,929 | -€4,896 | -38.2% |
| Financial fixed assets | 28 | €36,155 | €37,705 | +€1,550 | +4.3% |
| Current assets | 29/58 | €187,533 | €99,215 | -€88,319 | -47.1% |
| Amounts receivable within one year | 40/41 | €34,500 | €23,000 | -€11,500 | -33.3% |
| Trade receivables | 40 | €17,500 | €15,000 | -€2,500 | -14.3% |
| Other amounts receivable | 41 | €17,000 | €8,000 | -€9,000 | -52.9% |
| Cash at bank and in hand | 54/58 | €151,963 | €75,118 | -€76,845 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,096 | +€26 | +2.4% |
| Total equity and liabilities | 10/49 | €311,377 | €201,850 | -€109,527 | -35.2% |
| Equity | 10/15 | €46,343 | €14,974 | -€31,369 | -67.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €43,474 | €13,474 | -€30,000 | -69.0% |
| Distributable reserves | 133 | €43,474 | €13,474 | -€30,000 | -69.0% |
| Profit (loss) carried forward | 14 | €1,369 | - | -€1,369 | |
| Amounts payable | 17/49 | €265,034 | €186,876 | -€78,158 | -29.5% |
| Amounts payable after more than one year | 17 | €59,548 | €38,478 | -€21,070 | -35.4% |
| Financial debts | 170/4 | €59,548 | €38,478 | -€21,070 | -35.4% |
| Amounts payable within one year | 42/48 | €203,967 | €144,456 | -€59,510 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €20,472 | €21,070 | +€598 | +2.9% |
| Trade debts | 44 | - | €463 | +€463 | |
| Suppliers | 440/4 | - | €463 | +€463 | |
| Taxes, remuneration and social security | 45 | €12,404 | €9,240 | -€3,164 | -25.5% |
| Taxes | 450/3 | €12,404 | €9,240 | -€3,164 | -25.5% |
| Other amounts payable | 47/48 | €171,091 | €113,684 | -€57,407 | -33.6% |
| Accrued charges and deferred income | 492/3 | €1,520 | €3,942 | +€2,422 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,644 | €24,509 | +€4,864 | +24.8% |
| Other operating charges | 640/8 | €6,822 | €1,968 | -€4,854 | -71.2% |
| Gross operating margin | 9900 | €160,281 | €158,872 | -€1,409 | -0.9% |
| Operating profit (loss) | 9901 | €133,815 | €132,395 | -€1,420 | -1.1% |
| Financial income | 75/76B | €8,439 | €993 | -€7,446 | -88.2% |
| Recurring financial income | 75 | €8,439 | €993 | -€7,446 | -88.2% |
| Financial charges | 65/66B | €4,175 | €6,147 | +€1,972 | +47.2% |
| Recurring financial charges | 65 | €4,175 | €6,147 | +€1,972 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €138,080 | €127,241 | -€10,839 | -7.8% |
| Income taxes | 67/77 | €35,725 | €36,155 | +€430 | +1.2% |
| Profit (loss) for the period | 9904 | €102,354 | €91,086 | -€11,269 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,354 | €91,086 | -€11,269 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.