GSI 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.
GSI Consulting
Largest movements
- Tangible fixed assets -€16,403
down €16,403 (-9.0%), from €182,128 to €165,725
of which Land and buildings: -€12,287
- Debts after one year -€27,360
down €27,360 (-37.0%), from €73,950 to €46,589
- Profit (loss) carried forward +€9,360
up €9,360 (+17.9%), from -€52,309 to -€42,949
- Other debts -€3,524
down €3,524 (-3.2%), from €111,637 to €108,113
- Tax, wage and social debts +€3,432
up €3,432 (+440%), from €780 to €4,212
- Accrued charges and deferred income -€2,200
no longer reported in 2025 (was €2,200)
- Taxes +€4,262
up €4,262 (+174%), from €2,451 to €6,713
- Gross operating margin +€2,664
up €2,664 (+6.9%), from €38,432 to €41,097
- Financial charges -€1,390
down €1,390 (-15.0%), from €9,264 to €7,874
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 | €183,124 | €165,725 | -€17,399 | -9.5% |
| Fixed assets | 21/28 | €182,128 | €165,725 | -€16,403 | -9.0% |
| Tangible fixed assets | 22/27 | €182,128 | €165,725 | -€16,403 | -9.0% |
| Land and buildings | 22 | €164,201 | €151,913 | -€12,287 | -7.5% |
| Plant, machinery and equipment | 23 | €17,928 | €13,812 | -€4,116 | -23.0% |
| Current assets | 29/58 | €996 | - | -€996 | |
| Cash at bank and in hand | 54/58 | €996 | - | -€996 | |
| Total equity and liabilities | 10/49 | €183,124 | €165,725 | -€17,399 | -9.5% |
| Equity | 10/15 | -€33,759 | -€24,399 | +€9,360 | +27.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,309 | -€42,949 | +€9,360 | +17.9% |
| Amounts payable | 17/49 | €216,884 | €190,124 | -€26,760 | -12.3% |
| Amounts payable after more than one year | 17 | €73,950 | €46,589 | -€27,360 | -37.0% |
| Financial debts | 170/4 | €73,950 | €46,589 | -€27,360 | -37.0% |
| Amounts payable within one year | 42/48 | €140,734 | €143,535 | +€2,801 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €25,866 | €27,360 | +€1,494 | +5.8% |
| Financial debts | 43 | - | €568 | +€568 | |
| Credit institutions | 430/8 | - | €568 | +€568 | |
| Trade debts | 44 | €2,451 | €3,281 | +€831 | +33.9% |
| Suppliers | 440/4 | €2,451 | €3,281 | +€831 | +33.9% |
| Taxes, remuneration and social security | 45 | €780 | €4,212 | +€3,432 | +440% |
| Taxes | 450/3 | €780 | €4,212 | +€3,432 | +440% |
| Other amounts payable | 47/48 | €111,637 | €108,113 | -€3,524 | -3.2% |
| Accrued charges and deferred income | 492/3 | €2,200 | - | -€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,403 | €16,403 | = | 0.0% |
| Other operating charges | 640/8 | €723 | €746 | +€23 | +3.2% |
| Gross operating margin | 9900 | €38,432 | €41,097 | +€2,664 | +6.9% |
| Operating profit (loss) | 9901 | €21,306 | €23,947 | +€2,641 | +12.4% |
| Financial charges | 65/66B | €9,264 | €7,874 | -€1,390 | -15.0% |
| Recurring financial charges | 65 | €9,264 | €7,874 | -€1,390 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €12,042 | €16,073 | +€4,032 | +33.5% |
| Income taxes | 67/77 | €2,451 | €6,713 | +€4,262 | +174% |
| Profit (loss) for the period | 9904 | €9,591 | €9,360 | -€230 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,591 | €9,360 | -€230 | -2.4% |
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 17 October 2026 via checked.be.