GQ-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.
GQ-CONSULTING
Largest movements
- Current investments +€194,336
new in 2025: €194,336
- Cash -€146,885
down €146,885 (-55.5%), from €264,735 to €117,850
mainly Current investments (-€194,336) and Contributions, distributions and other (-€80,643)
- Tangible fixed assets -€17,500
down €17,500 (-13.5%), from €129,771 to €112,271
of which Land and buildings: -€16,383
- Other debts +€44,978
up €44,978 (+126%), from €35,665 to €80,643
- Reserves -€17,645
down €17,645 (-4.4%), from €398,625 to €380,980
- Financial charges -€7,339
down €7,339 (-80.5%), from €9,116 to €1,778
- Financial income +€5,440
new in 2025: €5,440
- Taxes +€3,864
up €3,864 (+18.3%), from €21,115 to €24,979
- Gross operating margin -€2,526
down €2,526 (-2.4%), from €105,860 to €103,333
- Other operating charges -€1,305
down €1,305 (-87.4%), from €1,494 to €189
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 | €450,614 | €481,967 | +€31,352 | +7.0% |
| Fixed assets | 21/28 | €131,220 | €113,720 | -€17,500 | -13.3% |
| Tangible fixed assets | 22/27 | €129,771 | €112,271 | -€17,500 | -13.5% |
| Land and buildings | 22 | €114,906 | €98,523 | -€16,383 | -14.3% |
| Plant, machinery and equipment | 23 | €11,399 | €11,399 | = | 0.0% |
| Furniture and vehicles | 24 | €3,466 | €2,349 | -€1,117 | -32.2% |
| Financial fixed assets | 28 | €1,449 | €1,449 | = | 0.0% |
| Current assets | 29/58 | €319,395 | €368,247 | +€48,852 | +15.3% |
| Amounts receivable within one year | 40/41 | €53,870 | €55,235 | +€1,365 | +2.5% |
| Trade receivables | 40 | €48,721 | €52,138 | +€3,417 | +7.0% |
| Other amounts receivable | 41 | €5,149 | €3,097 | -€2,052 | -39.8% |
| Current investments | 50/53 | - | €194,336 | +€194,336 | |
| Cash at bank and in hand | 54/58 | €264,735 | €117,850 | -€146,885 | -55.5% |
| Deferred charges and accrued income | 490/1 | €790 | €826 | +€36 | +4.5% |
| Total equity and liabilities | 10/49 | €450,614 | €481,967 | +€31,352 | +7.0% |
| Equity | 10/15 | €411,025 | €393,380 | -€17,645 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €398,625 | €380,980 | -€17,645 | -4.4% |
| Distributable reserves | 133 | €398,625 | €380,980 | -€17,645 | -4.4% |
| Amounts payable | 17/49 | €39,589 | €88,586 | +€48,997 | +124% |
| Amounts payable within one year | 42/48 | €39,589 | €88,586 | +€48,997 | +124% |
| Trade debts | 44 | €3,501 | €2,965 | -€536 | -15.3% |
| Suppliers | 440/4 | €3,501 | €2,965 | -€536 | -15.3% |
| Taxes, remuneration and social security | 45 | €424 | €4,979 | +€4,555 | +1,075% |
| Taxes | 450/3 | €424 | €4,979 | +€4,555 | +1,075% |
| Other amounts payable | 47/48 | €35,665 | €80,643 | +€44,978 | +126% |
| Non-recurring operating income | 76A | €7,240 | - | -€7,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,117 | €18,829 | -€288 | -1.5% |
| Other operating charges | 640/8 | €1,494 | €189 | -€1,305 | -87.4% |
| Gross operating margin | 9900 | €105,860 | €103,333 | -€2,526 | -2.4% |
| Operating profit (loss) | 9901 | €85,249 | €84,315 | -€934 | -1.1% |
| Financial income | 75/76B | - | €5,440 | +€5,440 | |
| Recurring financial income | 75 | - | €5,440 | +€5,440 | |
| Financial charges | 65/66B | €9,116 | €1,778 | -€7,339 | -80.5% |
| Recurring financial charges | 65 | €9,116 | €1,778 | -€7,339 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €76,132 | €87,977 | +€11,845 | +15.6% |
| Income taxes | 67/77 | €21,115 | €24,979 | +€3,864 | +18.3% |
| Profit (loss) for the period | 9904 | €55,017 | €62,998 | +€7,981 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,017 | €62,998 | +€7,981 | +14.5% |
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 30 October 2026 via checked.be.