GMS 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.
GMS CONSULT
Largest movements
- Tangible fixed assets -€20,896
down €20,896 (-3.2%), from €661,793 to €640,897
of which Land and buildings: -€16,450
- Debts after one year -€26,539
down €26,539 (-5.7%), from €467,370 to €440,830
- Other debts -€25,041
down €25,041 (-18.5%), from €135,078 to €110,036
- Reserves +€19,500
up €19,500 (+1048.4%), from €1,860 to €21,360
of which Distributable reserves: +€19,500
- Tax, wage and social debts +€10,561
up €10,561 (+111.8%), from €9,443 to €20,004
- Trade debts +€7,754
up €7,754 (+91.7%), from €8,457 to €16,211
- Depreciation -€31,444
down €31,444 (-58.7%), from €53,533 to €22,089
- Taxes +€8,471
up €8,471 (+350.4%), from €2,417 to €10,888
- Financial charges +€8,216
up €8,216 (+196.1%), from €4,191 to €12,407
- Gross operating margin +€2,908
up €2,908 (+4.5%), from €64,423 to €67,331
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.
Cash bridge derived
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 | €683,509 | €668,697 | -€14,813 | -2.2% |
| Fixed assets | 21/28 | €662,132 | €641,236 | -€20,896 | -3.2% |
| Tangible fixed assets | 22/27 | €661,793 | €640,897 | -€20,896 | -3.2% |
| Land and buildings | 22 | €619,471 | €603,021 | -€16,450 | -2.7% |
| Plant, machinery and equipment | 23 | €627 | €313 | -€314 | -50.1% |
| Furniture and vehicles | 24 | €1,248 | €1,723 | +€474 | +38.0% |
| Other tangible fixed assets | 26 | €40,446 | €35,840 | -€4,606 | -11.4% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €21,377 | €27,461 | +€6,084 | +28.5% |
| Amounts receivable within one year | 40/41 | €9,037 | €13,077 | +€4,040 | +44.7% |
| Trade receivables | 40 | €9,037 | €13,077 | +€4,040 | +44.7% |
| Cash at bank and in hand | 54/58 | €12,279 | €14,325 | +€2,047 | +16.7% |
| Deferred charges and accrued income | 490/1 | €61 | €58 | -€3 | -5.0% |
| Total equity and liabilities | 10/49 | €683,509 | €668,697 | -€14,813 | -2.2% |
| Equity | 10/15 | €35,519 | €55,075 | +€19,556 | +55.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,360 | +€19,500 | +1048.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €19,500 | +€19,500 | |
| Profit (loss) carried forward | 14 | €27,459 | €27,515 | +€56 | +0.2% |
| Amounts payable | 17/49 | €647,990 | €613,622 | -€34,368 | -5.3% |
| Amounts payable after more than one year | 17 | €467,370 | €440,830 | -€26,539 | -5.7% |
| Financial debts | 170/4 | €467,370 | €440,830 | -€26,539 | -5.7% |
| Amounts payable within one year | 42/48 | €180,620 | €172,792 | -€7,829 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €27,642 | €26,539 | -€1,102 | -4.0% |
| Trade debts | 44 | €8,457 | €16,211 | +€7,754 | +91.7% |
| Suppliers | 440/4 | €8,457 | €16,211 | +€7,754 | +91.7% |
| Taxes, remuneration and social security | 45 | €9,443 | €20,004 | +€10,561 | +111.8% |
| Taxes | 450/3 | €9,443 | €20,004 | +€10,561 | +111.8% |
| Other amounts payable | 47/48 | €135,078 | €110,036 | -€25,041 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,533 | €22,089 | -€31,444 | -58.7% |
| Other operating charges | 640/8 | €2,317 | €2,392 | +€75 | +3.2% |
| Gross operating margin | 9900 | €64,423 | €67,331 | +€2,908 | +4.5% |
| Operating profit (loss) | 9901 | €8,573 | €42,851 | +€34,277 | +399.8% |
| Financial charges | 65/66B | €4,191 | €12,407 | +€8,216 | +196.1% |
| Recurring financial charges | 65 | €4,191 | €12,407 | +€8,216 | +196.1% |
| Profit (loss) for the period before taxes | 9903 | €4,383 | €30,444 | +€26,061 | +594.7% |
| Income taxes | 67/77 | €2,417 | €10,888 | +€8,471 | +350.4% |
| Profit (loss) for the period | 9904 | €1,965 | €19,556 | +€17,590 | +895.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,965 | €19,556 | +€17,590 | +895.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.