GMR 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.
GMR CONSULTING
Largest movements
- Receivables within one year +€53,410
up €53,410 (+221%), from €24,114 to €77,524
of which Trade receivables: +€53,410
- Tangible fixed assets -€27,772
down €27,772 (-27.9%), from €99,379 to €71,606
- Reserves +€74,000
up €74,000 (+71.8%), from €103,000 to €177,000
- Other debts -€51,839
down €51,839 (-82.0%), from €63,203 to €11,363
- Debts after one year -€41,326
down €41,326 (-19.4%), from €213,490 to €172,164
of which Financial debts: -€46,326
- Tax, wage and social debts +€38,327
up €38,327 (+46.3%), from €82,826 to €121,153
- Gross operating margin +€24,803
up €24,803 (+19.3%), from €128,646 to €153,449
- Financial income -€9,523
down €9,523 (-95.2%), from €10,003 to €480
- Taxes +€7,806
up €7,806 (+25.8%), from €30,253 to €38,059
- Other operating charges +€2,347
up €2,347, from €0 to €2,347
- Financial charges -€1,764
down €1,764 (-14.0%), from €12,576 to €10,812
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,612 | €552,086 | +€19,475 | +3.7% |
| Fixed assets | 21/28 | €494,379 | €466,606 | -€27,772 | -5.6% |
| Tangible fixed assets | 22/27 | €99,379 | €71,606 | -€27,772 | -27.9% |
| Furniture and vehicles | 24 | €99,379 | €71,606 | -€27,772 | -27.9% |
| Financial fixed assets | 28 | €395,000 | €395,000 | = | 0.0% |
| Current assets | 29/58 | €38,233 | €85,480 | +€47,247 | +124% |
| Amounts receivable within one year | 40/41 | €24,114 | €77,524 | +€53,410 | +221% |
| Trade receivables | 40 | €24,114 | €77,524 | +€53,410 | +221% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €10,041 | €5,508 | -€4,533 | -45.1% |
| Deferred charges and accrued income | 490/1 | €4,078 | €2,448 | -€1,630 | -40.0% |
| Total equity and liabilities | 10/49 | €532,612 | €552,086 | +€19,475 | +3.7% |
| Equity | 10/15 | €115,054 | €189,993 | +€74,938 | +65.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €103,000 | €177,000 | +€74,000 | +71.8% |
| Distributable reserves | 133 | €103,000 | €177,000 | +€74,000 | +71.8% |
| Profit (loss) carried forward | 14 | €9,054 | €9,993 | +€938 | +10.4% |
| Amounts payable | 17/49 | €417,557 | €362,093 | -€55,464 | -13.3% |
| Amounts payable after more than one year | 17 | €213,490 | €172,164 | -€41,326 | -19.4% |
| Financial debts | 170/4 | €187,240 | €140,914 | -€46,326 | -24.7% |
| Other amounts payable | 178/9 | €26,250 | €31,250 | +€5,000 | +19.0% |
| Amounts payable within one year | 42/48 | €204,068 | €189,930 | -€14,138 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €44,286 | €46,326 | +€2,039 | +4.6% |
| Financial debts | 43 | €7,960 | €3,191 | -€4,770 | -59.9% |
| Credit institutions | 430/8 | €7,960 | €3,191 | -€4,770 | -59.9% |
| Trade debts | 44 | €5,792 | €7,896 | +€2,105 | +36.3% |
| Suppliers | 440/4 | €5,792 | €7,896 | +€2,105 | +36.3% |
| Taxes, remuneration and social security | 45 | €82,826 | €121,153 | +€38,327 | +46.3% |
| Taxes | 450/3 | €82,826 | €121,153 | +€38,327 | +46.3% |
| Other amounts payable | 47/48 | €63,203 | €11,363 | -€51,839 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,772 | €27,772 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €2,347 | +€2,347 | |
| Gross operating margin | 9900 | €128,646 | €153,449 | +€24,803 | +19.3% |
| Operating profit (loss) | 9901 | €100,874 | €123,329 | +€22,456 | +22.3% |
| Financial income | 75/76B | €10,003 | €480 | -€9,523 | -95.2% |
| Recurring financial income | 75 | €10,003 | €480 | -€9,523 | -95.2% |
| Financial charges | 65/66B | €12,576 | €10,812 | -€1,764 | -14.0% |
| Recurring financial charges | 65 | €12,576 | €10,812 | -€1,764 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €98,301 | €112,997 | +€14,696 | +15.0% |
| Income taxes | 67/77 | €30,253 | €38,059 | +€7,806 | +25.8% |
| Profit (loss) for the period | 9904 | €68,048 | €74,938 | +€6,891 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,048 | €74,938 | +€6,891 | +10.1% |
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 23 October 2026 via checked.be.