GSDS CONSULTING: 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.
GSDS CONSULTING
Largest movements
- Current investments +€129,675
new in 2025: €129,675
- Cash +€109,487
up €109,487 (+623%), from €17,588 to €127,075
mainly Current portion of long-term debt (+€400,000) and Receivables within one year (+€8,155)
- Stocks and contracts +€96,208
new in 2025: €96,208
- Receivables within one year -€8,155
down €8,155 (-71.6%), from €11,390 to €3,235
of which Other amounts receivable: -€4,632
- Current portion of long-term debt +€400,000
new in 2025: €400,000
- Profit (loss) carried forward -€73,064
down €73,064, from €20,000 to -€53,064
- Tax, wage and social debts -€5,840
down €5,840 (-100%), from €5,840 to €0
- Accrued charges and deferred income +€4,537
new in 2025: €4,537
- Gross operating margin -€54,327
down €54,327, from €29,357 to -€24,970
- Financial charges +€40,664
up €40,664 (+9,892%), from €411 to €41,075
- Taxes -€5,840
down €5,840 (-100%), from €5,840 to €0
- Staff costs +€4,540
up €4,540 (+218%), from €2,080 to €6,620
- Other operating charges -€626
down €626 (-61.0%), from €1,026 to €400
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 | €29,178 | €356,193 | +€327,015 | +1,121% |
| Current assets | 29/58 | €29,178 | €356,193 | +€327,015 | +1,121% |
| Stocks and contracts in progress | 3 | - | €96,208 | +€96,208 | |
| Stocks | 30/36 | - | €96,208 | +€96,208 | |
| Amounts receivable within one year | 40/41 | €11,390 | €3,235 | -€8,155 | -71.6% |
| Trade receivables | 40 | €5,725 | €2,202 | -€3,523 | -61.5% |
| Other amounts receivable | 41 | €5,665 | €1,033 | -€4,632 | -81.8% |
| Current investments | 50/53 | - | €129,675 | +€129,675 | |
| Cash at bank and in hand | 54/58 | €17,588 | €127,075 | +€109,487 | +623% |
| Deferred charges and accrued income | 490/1 | €200 | €0 | -€200 | -100% |
| Total equity and liabilities | 10/49 | €29,178 | €356,193 | +€327,015 | +1,121% |
| Equity | 10/15 | €22,500 | -€50,564 | -€73,064 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,000 | -€53,064 | -€73,064 | |
| Amounts payable | 17/49 | €6,678 | €406,757 | +€400,079 | +5,991% |
| Amounts payable within one year | 42/48 | €6,678 | €402,220 | +€395,542 | +5,923% |
| Current portion of amounts payable after more than one year | 42 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €838 | €2,220 | +€1,382 | +165% |
| Suppliers | 440/4 | €838 | €2,220 | +€1,382 | +165% |
| Taxes, remuneration and social security | 45 | €5,840 | €0 | -€5,840 | -100% |
| Taxes | 450/3 | €5,840 | €0 | -€5,840 | -100% |
| Accrued charges and deferred income | 492/3 | - | €4,537 | +€4,537 | |
| Remuneration, social security and pensions | 62 | €2,080 | €6,620 | +€4,540 | +218% |
| Other operating charges | 640/8 | €1,026 | €400 | -€626 | -61.0% |
| Gross operating margin | 9900 | €29,357 | -€24,970 | -€54,327 | |
| Operating profit (loss) | 9901 | €26,251 | -€31,989 | -€58,240 | |
| Financial charges | 65/66B | €411 | €41,075 | +€40,664 | +9,892% |
| Recurring financial charges | 65 | €411 | €41,075 | +€40,664 | +9,892% |
| Profit (loss) for the period before taxes | 9903 | €25,840 | -€73,064 | -€98,904 | |
| Income taxes | 67/77 | €5,840 | €0 | -€5,840 | -100% |
| Profit (loss) for the period | 9904 | €20,000 | -€73,064 | -€93,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,000 | -€73,064 | -€93,064 |
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 27 October 2026 via checked.be.