GSA 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.
GSA CONSULT
Largest movements
- Financial fixed assets -€30,000
down €30,000 (-96.2%), from €31,200 to €1,200
- Receivables within one year -€19,319
down €19,319 (-62.9%), from €30,717 to €11,398
of which Trade receivables: -€14,151
- Tangible fixed assets +€11,218
up €11,218 (+249%), from €4,513 to €15,730
- Cash -€9,495
down €9,495 (-18.0%), from €52,772 to €43,277
mainly Contributions, distributions and other (-€62,000) and Other debts (-€10,000)
- Profit (loss) carried forward -€26,131
down €26,131 (-32.4%), from €80,572 to €54,442
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€8,166
down €8,166 (-46.2%), from €17,665 to €9,499
- Trade debts -€2,709
down €2,709 (-75.9%), from €3,570 to €860
- Gross operating margin +€17,638
up €17,638 (+123%), from €14,364 to €32,001
- Financial income +€16,500
new in 2025: €16,500
- Taxes +€3,226
up €3,226 (+108%), from €2,983 to €6,209
- Depreciation +€1,510
up €1,510 (+106%), from €1,424 to €2,934
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 | €119,807 | €72,801 | -€47,005 | -39.2% |
| Fixed assets | 21/28 | €35,713 | €16,930 | -€18,783 | -52.6% |
| Tangible fixed assets | 22/27 | €4,513 | €15,730 | +€11,218 | +249% |
| Furniture and vehicles | 24 | €4,513 | €15,730 | +€11,218 | +249% |
| Financial fixed assets | 28 | €31,200 | €1,200 | -€30,000 | -96.2% |
| Current assets | 29/58 | €84,094 | €55,871 | -€28,223 | -33.6% |
| Amounts receivable within one year | 40/41 | €30,717 | €11,398 | -€19,319 | -62.9% |
| Trade receivables | 40 | €25,401 | €11,250 | -€14,151 | -55.7% |
| Other amounts receivable | 41 | €5,316 | €148 | -€5,169 | -97.2% |
| Cash at bank and in hand | 54/58 | €52,772 | €43,277 | -€9,495 | -18.0% |
| Deferred charges and accrued income | 490/1 | €604 | €1,196 | +€592 | +97.9% |
| Total equity and liabilities | 10/49 | €119,807 | €72,801 | -€47,005 | -39.2% |
| Equity | 10/15 | €88,572 | €62,442 | -€26,131 | -29.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | €8,000 | = | 0.0% |
| Other | 1109/19 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,572 | €54,442 | -€26,131 | -32.4% |
| Amounts payable | 17/49 | €31,235 | €10,360 | -€20,875 | -66.8% |
| Amounts payable within one year | 42/48 | €31,235 | €10,360 | -€20,875 | -66.8% |
| Trade debts | 44 | €3,570 | €860 | -€2,709 | -75.9% |
| Suppliers | 440/4 | €3,570 | €860 | -€2,709 | -75.9% |
| Taxes, remuneration and social security | 45 | €17,665 | €9,499 | -€8,166 | -46.2% |
| Taxes | 450/3 | €17,665 | €9,499 | -€8,166 | -46.2% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €2,218 | €2,022 | -€196 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €2,934 | +€1,510 | +106% |
| Other operating charges | 640/8 | €488 | €400 | -€89 | -18.1% |
| Non-recurring operating charges | 66A | - | €841 | +€841 | |
| Gross operating margin | 9900 | €14,364 | €32,001 | +€17,638 | +123% |
| Operating profit (loss) | 9901 | €10,233 | €25,805 | +€15,571 | +152% |
| Financial income | 75/76B | - | €16,500 | +€16,500 | |
| Recurring financial income | 75 | - | €16,500 | +€16,500 | |
| Financial charges | 65/66B | €392 | €227 | -€166 | -42.2% |
| Recurring financial charges | 65 | €392 | €227 | -€166 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €9,841 | €42,078 | +€32,237 | +328% |
| Income taxes | 67/77 | €2,983 | €6,209 | +€3,226 | +108% |
| Profit (loss) for the period | 9904 | €6,858 | €35,869 | +€29,011 | +423% |
| Profit (loss) for the period to be appropriated | 9905 | €6,858 | €35,869 | +€29,011 | +423% |
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 19 October 2026 via checked.be.