GSH 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.
GSH CONSULTING
Largest movements
- Current investments +€107,463
new in 2025: €107,463
- Cash +€94,518
up €94,518 (+3,645%), from €2,593 to €97,111
mainly Net result for the year (+€159,361) and Other debts (+€123,671)
- Receivables within one year +€92,314
up €92,314 (+36.9%), from €250,338 to €342,651
of which Other amounts receivable: +€71,320
- Profit (loss) carried forward +€159,361
up €159,361 (+84.0%), from €189,610 to €348,971
- Other debts +€123,671
new in 2025: €123,671
- Tax, wage and social debts +€13,850
up €13,850 (+24.5%), from €56,553 to €70,403
- Gross operating margin -€36,276
down €36,276 (-14.7%), from €246,333 to €210,056
- Taxes -€9,640
down €9,640 (-17.0%), from €56,553 to €46,914
- Financial charges +€3,709
up €3,709 (+27,075%), from €14 to €3,723
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 | €252,931 | €547,225 | +€294,295 | +116% |
| Current assets | 29/58 | €252,931 | €547,225 | +€294,295 | +116% |
| Amounts receivable within one year | 40/41 | €250,338 | €342,651 | +€92,314 | +36.9% |
| Trade receivables | 40 | €250,000 | €270,994 | +€20,994 | +8.4% |
| Other amounts receivable | 41 | €338 | €71,657 | +€71,320 | +21,116% |
| Current investments | 50/53 | - | €107,463 | +€107,463 | |
| Cash at bank and in hand | 54/58 | €2,593 | €97,111 | +€94,518 | +3,645% |
| Total equity and liabilities | 10/49 | €252,931 | €547,225 | +€294,295 | +116% |
| Equity | 10/15 | €192,610 | €351,971 | +€159,361 | +82.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,610 | €348,971 | +€159,361 | +84.0% |
| Amounts payable | 17/49 | €60,321 | €195,254 | +€134,934 | +224% |
| Amounts payable within one year | 42/48 | €60,321 | €195,254 | +€134,934 | +224% |
| Trade debts | 44 | €3,767 | €1,180 | -€2,588 | -68.7% |
| Suppliers | 440/4 | €3,767 | €1,180 | -€2,588 | -68.7% |
| Taxes, remuneration and social security | 45 | €56,553 | €70,403 | +€13,850 | +24.5% |
| Taxes | 450/3 | €56,553 | €70,403 | +€13,850 | +24.5% |
| Other amounts payable | 47/48 | - | €123,671 | +€123,671 | |
| Other operating charges | 640/8 | €156 | €66 | -€90 | -57.7% |
| Gross operating margin | 9900 | €246,333 | €210,056 | -€36,276 | -14.7% |
| Operating profit (loss) | 9901 | €246,177 | €209,991 | -€36,187 | -14.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €14 | €3,723 | +€3,709 | +27,075% |
| Recurring financial charges | 65 | €14 | €3,723 | +€3,709 | +27,075% |
| Profit (loss) for the period before taxes | 9903 | €246,163 | €206,275 | -€39,889 | -16.2% |
| Income taxes | 67/77 | €56,553 | €46,914 | -€9,640 | -17.0% |
| Profit (loss) for the period | 9904 | €189,610 | €159,361 | -€30,249 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €189,610 | €159,361 | -€30,249 | -16.0% |
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 23 October 2026 via checked.be.