GMH 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.
GMH Consulting
Largest movements
- Cash +€74,456
up €74,456 (+63.1%), from €117,946 to €192,403
mainly Net result for the year (+€121,223) and Depreciation (+€9,501)
- Receivables within one year +€40,569
up €40,569 (+1,302%), from €3,117 to €43,686
of which Trade receivables: +€40,301
- Tangible fixed assets -€3,767
down €3,767 (-10.4%), from €36,142 to €32,375
of which Leasing and similar rights: -€8,113
- Profit (loss) carried forward +€121,223
up €121,223 (+100%), from €120,774 to €241,996
- Debts after one year -€9,730
down €9,730 (-51.3%), from €18,971 to €9,241
- Gross operating margin +€26,273
up €26,273 (+18.5%), from €142,131 to €168,404
- Taxes +€7,411
up €7,411 (+26.4%), from €28,073 to €35,484
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 | €161,344 | €272,505 | +€111,162 | +68.9% |
| Fixed assets | 21/28 | €36,142 | €33,025 | -€3,117 | -8.6% |
| Tangible fixed assets | 22/27 | €36,142 | €32,375 | -€3,767 | -10.4% |
| Plant, machinery and equipment | 23 | €1,704 | €1,283 | -€421 | -24.7% |
| Furniture and vehicles | 24 | €2,076 | €6,844 | +€4,768 | +230% |
| Leasing and similar rights | 25 | €32,362 | €24,248 | -€8,113 | -25.1% |
| Financial fixed assets | 28 | - | €650 | +€650 | |
| Current assets | 29/58 | €125,202 | €239,480 | +€114,278 | +91.3% |
| Amounts receivable within one year | 40/41 | €3,117 | €43,686 | +€40,569 | +1,302% |
| Trade receivables | 40 | - | €40,301 | +€40,301 | |
| Other amounts receivable | 41 | €3,117 | €3,385 | +€268 | +8.6% |
| Cash at bank and in hand | 54/58 | €117,946 | €192,403 | +€74,456 | +63.1% |
| Deferred charges and accrued income | 490/1 | €4,139 | €3,391 | -€747 | -18.1% |
| Total equity and liabilities | 10/49 | €161,344 | €272,505 | +€111,162 | +68.9% |
| Equity | 10/15 | €123,774 | €244,996 | +€121,223 | +97.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,774 | €241,996 | +€121,223 | +100% |
| Amounts payable | 17/49 | €37,570 | €27,509 | -€10,061 | -26.8% |
| Amounts payable after more than one year | 17 | €18,971 | €9,241 | -€9,730 | -51.3% |
| Financial debts | 170/4 | €18,971 | €9,241 | -€9,730 | -51.3% |
| Amounts payable within one year | 42/48 | €17,964 | €18,060 | +€95 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €9,375 | €9,730 | +€354 | +3.8% |
| Trade debts | 44 | €3,088 | €2,657 | -€431 | -13.9% |
| Suppliers | 440/4 | €3,088 | €2,657 | -€431 | -13.9% |
| Taxes, remuneration and social security | 45 | €5,502 | €5,484 | -€18 | -0.3% |
| Taxes | 450/3 | €4,867 | €5,484 | +€617 | +12.7% |
| Remuneration and social security | 454/9 | €635 | - | -€635 | |
| Other amounts payable | 47/48 | - | €189 | +€189 | |
| Accrued charges and deferred income | 492/3 | €635 | €208 | -€426 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €9,501 | +€227 | +2.5% |
| Other operating charges | 640/8 | €1,626 | €1,413 | -€213 | -13.1% |
| Gross operating margin | 9900 | €142,131 | €168,404 | +€26,273 | +18.5% |
| Operating profit (loss) | 9901 | €131,232 | €157,491 | +€26,259 | +20.0% |
| Financial income | 75/76B | €46 | €211 | +€165 | +356% |
| Recurring financial income | 75 | €46 | €211 | +€165 | +356% |
| Financial charges | 65/66B | €1,350 | €996 | -€354 | -26.2% |
| Recurring financial charges | 65 | €1,350 | €996 | -€354 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €129,928 | €156,706 | +€26,778 | +20.6% |
| Income taxes | 67/77 | €28,073 | €35,484 | +€7,411 | +26.4% |
| Profit (loss) for the period | 9904 | €101,856 | €121,223 | +€19,367 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,856 | €121,223 | +€19,367 | +19.0% |
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 24 October 2026 via checked.be.