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
- Receivables within one year +€280,796
up €280,796 (+113.1%), from €248,269 to €529,064
of which Other amounts receivable: +€225,623
- Cash +€35,818
up €35,818 (+51.0%), from €70,271 to €106,089
mainly Net result for the year (+€249,428) and Tax, wage and social debts (+€68,280)
- Tangible fixed assets -€8,352
down €8,352 (-9.0%), from €93,010 to €84,658
of which Furniture and vehicles: -€9,729
- Reserves +€249,428
up €249,428 (+88.9%), from €280,419 to €529,848
- Tax, wage and social debts +€68,280
up €68,280 (+73.0%), from €93,513 to €161,793
- Debts after one year -€10,302
down €10,302 (-41.7%), from €24,680 to €14,378
- Gross operating margin -€53,459
down €53,459 (-14.0%), from €381,227 to €327,767
- Taxes -€19,982
down €19,982 (-22.6%), from €88,263 to €68,280
- Financial income +€8,566
up €8,566 (+252.5%), from €3,393 to €11,958
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 | €413,914 | €725,283 | +€311,369 | +75.2% |
| Fixed assets | 21/28 | €93,010 | €85,408 | -€7,602 | -8.2% |
| Tangible fixed assets | 22/27 | €93,010 | €84,658 | -€8,352 | -9.0% |
| Land and buildings | 22 | €48,451 | €46,306 | -€2,145 | -4.4% |
| Plant, machinery and equipment | 23 | €5,645 | €9,166 | +€3,521 | +62.4% |
| Furniture and vehicles | 24 | €38,915 | €29,186 | -€9,729 | -25.0% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €320,905 | €639,875 | +€318,971 | +99.4% |
| Amounts receivable within one year | 40/41 | €248,269 | €529,064 | +€280,796 | +113.1% |
| Trade receivables | 40 | €149,123 | €204,296 | +€55,172 | +37.0% |
| Other amounts receivable | 41 | €99,146 | €324,769 | +€225,623 | +227.6% |
| Cash at bank and in hand | 54/58 | €70,271 | €106,089 | +€35,818 | +51.0% |
| Deferred charges and accrued income | 490/1 | €2,365 | €4,722 | +€2,357 | +99.6% |
| Total equity and liabilities | 10/49 | €413,914 | €725,283 | +€311,369 | +75.2% |
| Equity | 10/15 | €281,419 | €530,848 | +€249,428 | +88.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €280,419 | €529,848 | +€249,428 | +88.9% |
| Distributable reserves | 133 | €280,419 | €529,848 | +€249,428 | +88.9% |
| Amounts payable | 17/49 | €132,495 | €194,436 | +€61,940 | +46.7% |
| Amounts payable after more than one year | 17 | €24,680 | €14,378 | -€10,302 | -41.7% |
| Financial debts | 170/4 | €24,680 | €14,378 | -€10,302 | -41.7% |
| Amounts payable within one year | 42/48 | €107,815 | €180,057 | +€72,242 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €9,906 | €10,302 | +€396 | +4.0% |
| Trade debts | 44 | €4,396 | €7,962 | +€3,567 | +81.1% |
| Suppliers | 440/4 | €4,396 | €7,962 | +€3,567 | +81.1% |
| Taxes, remuneration and social security | 45 | €93,513 | €161,793 | +€68,280 | +73.0% |
| Taxes | 450/3 | €93,513 | €161,793 | +€68,280 | +73.0% |
| Non-recurring operating income | 76A | - | €804 | +€804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,347 | €14,878 | +€3,531 | +31.1% |
| Other operating charges | 640/8 | €2,561 | €2,617 | +€55 | +2.2% |
| Gross operating margin | 9900 | €381,227 | €327,767 | -€53,459 | -14.0% |
| Operating profit (loss) | 9901 | €367,318 | €310,272 | -€57,046 | -15.5% |
| Financial income | 75/76B | €3,393 | €11,958 | +€8,566 | +252.5% |
| Recurring financial income | 75 | €3,393 | €11,958 | +€8,566 | +252.5% |
| Financial charges | 65/66B | €2,029 | €4,522 | +€2,494 | +122.9% |
| Recurring financial charges | 65 | €2,029 | €4,522 | +€2,494 | +122.9% |
| Profit (loss) for the period before taxes | 9903 | €368,682 | €317,709 | -€50,973 | -13.8% |
| Income taxes | 67/77 | €88,263 | €68,280 | -€19,982 | -22.6% |
| Profit (loss) for the period | 9904 | €280,419 | €249,428 | -€30,991 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €280,419 | €249,428 | -€30,991 | -11.1% |
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 12 October 2026 via checked.be.