GS 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.
GS CONSULT
Largest movements
- Cash +€32,412
up €32,412 (+211.9%), from €15,294 to €47,706
mainly Tax, wage and social debts (+€44,801) and Trade debts (+€31,278)
- Tangible fixed assets -€18,055
down €18,055 (-10.1%), from €179,582 to €161,527
of which Furniture and vehicles: -€13,832
- Receivables within one year +€15,064
up €15,064 (+19.4%), from €77,690 to €92,754
of which Other amounts receivable: +€28,711
- Intangible fixed assets +€6,872
up €6,872 (+29.3%), from €23,429 to €30,301
- Tax, wage and social debts +€44,801
up €44,801 (+64.5%), from €69,435 to €114,236
of which Remuneration and social security: +€44,396
- Other debts -€36,185
no longer reported in 2025 (was €36,185)
- Trade debts +€31,278
up €31,278 (+62.2%), from €50,298 to €81,576
- Debts after one year -€18,464
down €18,464 (-13.7%), from €134,409 to €115,945
- Short-term financial debts +€8,089
new in 2025: €8,089
- Gross operating margin +€547,154
up €547,154 (+153.2%), from €357,070 to €904,224
- Staff costs +€526,263
up €526,263 (+156.4%), from €336,560 to €862,824
- Depreciation +€12,177
up €12,177 (+135.2%), from €9,006 to €21,183
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 | €295,996 | €332,288 | +€36,293 | +12.3% |
| Fixed assets | 21/28 | €203,011 | €191,828 | -€11,183 | -5.5% |
| Intangible fixed assets | 21 | €23,429 | €30,301 | +€6,872 | +29.3% |
| Tangible fixed assets | 22/27 | €179,582 | €161,527 | -€18,055 | -10.1% |
| Land and buildings | 22 | €141,295 | €137,072 | -€4,223 | -3.0% |
| Furniture and vehicles | 24 | €38,288 | €24,456 | -€13,832 | -36.1% |
| Current assets | 29/58 | €92,984 | €140,460 | +€47,476 | +51.1% |
| Amounts receivable within one year | 40/41 | €77,690 | €92,754 | +€15,064 | +19.4% |
| Trade receivables | 40 | €77,690 | €64,043 | -€13,647 | -17.6% |
| Other amounts receivable | 41 | - | €28,711 | +€28,711 | |
| Cash at bank and in hand | 54/58 | €15,294 | €47,706 | +€32,412 | +211.9% |
| Total equity and liabilities | 10/49 | €295,996 | €332,288 | +€36,293 | +12.3% |
| Equity | 10/15 | -€12,012 | -€6,022 | +€5,989 | +49.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€32,472 | -€26,482 | +€5,989 | +18.4% |
| Amounts payable | 17/49 | €308,007 | €338,311 | +€30,303 | +9.8% |
| Amounts payable after more than one year | 17 | €134,409 | €115,945 | -€18,464 | -13.7% |
| Financial debts | 170/4 | €134,409 | €115,945 | -€18,464 | -13.7% |
| Amounts payable within one year | 42/48 | €173,598 | €222,365 | +€48,767 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €17,681 | €18,464 | +€783 | +4.4% |
| Financial debts | 43 | - | €8,089 | +€8,089 | |
| Credit institutions | 430/8 | - | €8,089 | +€8,089 | |
| Trade debts | 44 | €50,298 | €81,576 | +€31,278 | +62.2% |
| Suppliers | 440/4 | €50,298 | €81,576 | +€31,278 | +62.2% |
| Taxes, remuneration and social security | 45 | €69,435 | €114,236 | +€44,801 | +64.5% |
| Taxes | 450/3 | €105 | €510 | +€405 | +387.4% |
| Remuneration and social security | 454/9 | €69,330 | €113,726 | +€44,396 | +64.0% |
| Other amounts payable | 47/48 | €36,185 | - | -€36,185 | |
| Remuneration, social security and pensions | 62 | €336,560 | €862,824 | +€526,263 | +156.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,006 | €21,183 | +€12,177 | +135.2% |
| Other operating charges | 640/8 | - | €2,807 | +€2,807 | |
| Gross operating margin | 9900 | €357,070 | €904,224 | +€547,154 | +153.2% |
| Operating profit (loss) | 9901 | €11,503 | €17,410 | +€5,907 | +51.4% |
| Financial income | 75/76B | - | €778 | +€778 | |
| Recurring financial income | 75 | - | €778 | +€778 | |
| Financial charges | 65/66B | €7,315 | €11,793 | +€4,478 | +61.2% |
| Recurring financial charges | 65 | €7,315 | €11,793 | +€4,478 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €4,187 | €6,395 | +€2,207 | +52.7% |
| Income taxes | 67/77 | €105 | €405 | +€301 | +287.4% |
| Profit (loss) for the period | 9904 | €4,083 | €5,989 | +€1,907 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,083 | €5,989 | +€1,907 | +46.7% |
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 9 October 2026 via checked.be.