GS CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables within one year +€543,059
up €543,059 (+87.8%), from €618,170 to €1.2m
of which Other amounts receivable: +€536,153
- Current investments +€310,000
up €310,000 (+62.0%), from €500,000 to €810,000
- Tangible fixed assets -€222,606
down €222,606 (-20.2%), from €1.1m to €878,244
of which Land and buildings: -€222,175
- Cash +€41,702
up €41,702 (+114%), from €36,437 to €78,139
mainly Net result for the year (+€473,506) and Short-term financial debts (+€275,000)
- Short-term financial debts +€275,000
up €275,000 (+25.6%), from €1.1m to €1.3m
- Reserves +€241,989
up €241,989 (+28.2%), from €857,776 to €1.1m
of which Tax-exempt reserves: +€446,472
- Provisions +€148,824
up €148,824 (+345%), from €43,105 to €191,929
- Advances received +€29,486
new in 2025: €29,486
- Gross operating margin +€379,073
up €379,073 (+102%), from €372,341 to €751,415
- Taxes -€49,293
down €49,293 (-63.6%), from €77,445 to €28,152
- Financial income -€45,038
down €45,038 (-62.3%), from €72,327 to €27,289
- Other operating charges -€17,998
down €17,998 (-65.3%), from €27,550 to €9,552
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 | €2,265,431 | €2,937,429 | +€671,997 | +29.7% |
| Fixed assets | 21/28 | €1,103,850 | €881,244 | -€222,606 | -20.2% |
| Tangible fixed assets | 22/27 | €1,100,850 | €878,244 | -€222,606 | -20.2% |
| Land and buildings | 22 | €1,099,081 | €876,906 | -€222,175 | -20.2% |
| Furniture and vehicles | 24 | €1,769 | €1,338 | -€431 | -24.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,161,582 | €2,056,185 | +€894,603 | +77.0% |
| Amounts receivable within one year | 40/41 | €618,170 | €1,161,229 | +€543,059 | +87.8% |
| Trade receivables | 40 | €29,754 | €36,660 | +€6,905 | +23.2% |
| Other amounts receivable | 41 | €588,416 | €1,124,569 | +€536,153 | +91.1% |
| Current investments | 50/53 | €500,000 | €810,000 | +€310,000 | +62.0% |
| Cash at bank and in hand | 54/58 | €36,437 | €78,139 | +€41,702 | +114% |
| Deferred charges and accrued income | 490/1 | €6,975 | €6,817 | -€158 | -2.3% |
| Total equity and liabilities | 10/49 | €2,265,431 | €2,937,429 | +€671,997 | +29.7% |
| Equity | 10/15 | €1,107,776 | €1,349,764 | +€241,989 | +21.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €857,776 | €1,099,764 | +€241,989 | +28.2% |
| Non-distributable reserves | 130/1 | €78,444 | - | -€78,444 | |
| Reserves not available under the articles | 1311 | €78,444 | - | -€78,444 | |
| Tax-exempt reserves | 132 | €147,314 | €593,786 | +€446,472 | +303% |
| Distributable reserves | 133 | €632,018 | €505,978 | -€126,040 | -19.9% |
| Provisions and deferred taxes | 16 | €43,105 | €191,929 | +€148,824 | +345% |
| Deferred taxes | 168 | €43,105 | €191,929 | +€148,824 | +345% |
| Amounts payable | 17/49 | €1,114,551 | €1,395,736 | +€281,185 | +25.2% |
| Amounts payable within one year | 42/48 | €1,110,009 | €1,392,166 | +€282,157 | +25.4% |
| Financial debts | 43 | €1,073,154 | €1,348,155 | +€275,000 | +25.6% |
| Credit institutions | 430/8 | €1,073,154 | €1,348,155 | +€275,000 | +25.6% |
| Trade debts | 44 | €4,876 | €1,374 | -€3,502 | -71.8% |
| Suppliers | 440/4 | €4,876 | €1,374 | -€3,502 | -71.8% |
| Advances received on contracts in progress | 46 | - | €29,486 | +€29,486 | |
| Taxes, remuneration and social security | 45 | €31,146 | €12,293 | -€18,853 | -60.5% |
| Taxes | 450/3 | €31,146 | €12,293 | -€18,853 | -60.5% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €4,542 | €3,570 | -€972 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,814 | €40,511 | +€697 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,083 | +€6,083 | |
| Other operating charges | 640/8 | €27,550 | €9,552 | -€17,998 | -65.3% |
| Gross operating margin | 9900 | €372,341 | €751,415 | +€379,073 | +102% |
| Operating profit (loss) | 9901 | €304,978 | €695,269 | +€390,292 | +128% |
| Financial income | 75/76B | €72,327 | €27,289 | -€45,038 | -62.3% |
| Recurring financial income | 75 | €72,327 | €27,289 | -€45,038 | -62.3% |
| Financial charges | 65/66B | €76,713 | €72,076 | -€4,637 | -6.0% |
| Recurring financial charges | 65 | €76,713 | €72,076 | -€4,637 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €300,592 | €650,483 | +€349,890 | +116% |
| Transfer from deferred taxes | 780 | €2,203 | €2,648 | +€445 | +20.2% |
| Transfer to deferred taxes | 680 | - | €151,472 | +€151,472 | |
| Income taxes | 67/77 | €77,445 | €28,152 | -€49,293 | -63.6% |
| Profit (loss) for the period | 9904 | €225,351 | €473,506 | +€248,156 | +110% |
| Transfer from tax-exempt reserves | 789 | €6,610 | €7,944 | +€1,334 | +20.2% |
| Transfer to tax-exempt reserves | 689 | - | €454,416 | +€454,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €231,960 | €27,034 | -€204,926 | -88.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.