GS consultants: what changed
GS consultants
Largest movements
- Cash +€11,496
up €11,496 (+16.8%), from €68,258 to €79,753
mainly Net result for the year (+€24,402) and Depreciation (+€5,222)
- Tangible fixed assets -€5,222
down €5,222 (-32.1%), from €16,253 to €11,031
of which Furniture and vehicles: -€4,754
- Receivables within one year +€4,161
up €4,161 (+44.7%), from €9,317 to €13,478
of which Trade receivables: +€3,842
- Reserves +€24,402
up €24,402 (+42.9%), from €56,873 to €81,275
- Debts after one year -€4,900
no longer reported in 2025 (was €4,900)
- Tax, wage and social debts -€4,082
down €4,082 (-16.8%), from €24,273 to €20,191
- Contributions -€3,000
no longer reported in 2025 (was €3,000)
- Current portion of long-term debt -€1,472
down €1,472 (-23.1%), from €6,371 to €4,900
- Gross operating margin +€5,339
up €5,339 (+16.3%), from €32,719 to €38,058
- Taxes +€935
up €935 (+14.3%), from €6,546 to €7,481
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,898 | €106,380 | +€10,483 | +10.9% |
| Fixed assets | 21/28 | €16,253 | €11,031 | -€5,222 | -32.1% |
| Tangible fixed assets | 22/27 | €16,253 | €11,031 | -€5,222 | -32.1% |
| Plant, machinery and equipment | 23 | €2,025 | €1,805 | -€221 | -10.9% |
| Furniture and vehicles | 24 | €12,269 | €7,515 | -€4,754 | -38.7% |
| Other tangible fixed assets | 26 | €1,959 | €1,711 | -€247 | -12.6% |
| Current assets | 29/58 | €79,645 | €95,349 | +€15,705 | +19.7% |
| Amounts receivable within one year | 40/41 | €9,317 | €13,478 | +€4,161 | +44.7% |
| Trade receivables | 40 | €9,317 | €13,159 | +€3,842 | +41.2% |
| Other amounts receivable | 41 | - | €320 | +€320 | |
| Cash at bank and in hand | 54/58 | €68,258 | €79,753 | +€11,496 | +16.8% |
| Deferred charges and accrued income | 490/1 | €2,070 | €2,118 | +€48 | +2.3% |
| Total equity and liabilities | 10/49 | €95,898 | €106,380 | +€10,483 | +10.9% |
| Equity | 10/15 | €59,873 | €81,275 | +€21,402 | +35.7% |
| Contributions | 10/11 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €56,873 | €81,275 | +€24,402 | +42.9% |
| Distributable reserves | 133 | €56,873 | €81,275 | +€24,402 | +42.9% |
| Amounts payable | 17/49 | €36,025 | €25,105 | -€10,920 | -30.3% |
| Amounts payable after more than one year | 17 | €4,900 | - | -€4,900 | |
| Financial debts | 170/4 | €4,900 | - | -€4,900 | |
| Amounts payable within one year | 42/48 | €31,125 | €25,090 | -€6,035 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €6,371 | €4,900 | -€1,472 | -23.1% |
| Trade debts | 44 | €149 | - | -€149 | |
| Suppliers | 440/4 | €149 | - | -€149 | |
| Taxes, remuneration and social security | 45 | €24,273 | €20,191 | -€4,082 | -16.8% |
| Taxes | 450/3 | €24,273 | €20,191 | -€4,082 | -16.8% |
| Other amounts payable | 47/48 | €333 | - | -€333 | |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,182 | €5,222 | +€40 | +0.8% |
| Other operating charges | 640/8 | €887 | €552 | -€334 | -37.7% |
| Non-recurring operating charges | 66A | €765 | - | -€765 | |
| Gross operating margin | 9900 | €32,719 | €38,058 | +€5,339 | +16.3% |
| Operating profit (loss) | 9901 | €25,886 | €32,284 | +€6,398 | +24.7% |
| Financial income | 75/76B | €1 | €9 | +€8 | +1,598% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +1,598% |
| Financial charges | 65/66B | €552 | €409 | -€143 | -25.9% |
| Recurring financial charges | 65 | €552 | €409 | -€143 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €25,334 | €31,883 | +€6,549 | +25.9% |
| Income taxes | 67/77 | €6,546 | €7,481 | +€935 | +14.3% |
| Profit (loss) for the period | 9904 | €18,788 | €24,402 | +€5,614 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,788 | €24,402 | +€5,614 | +29.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.