GST 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.
GST Consulting
Largest movements
- Cash +€92,615
up €92,615 (+72.7%), from €127,410 to €220,026
mainly Net result for the year (+€51,827) and Receivables within one year (+€39,846)
- Receivables within one year -€39,846
down €39,846 (-58.9%), from €67,600 to €27,754
of which Trade receivables: -€26,299
- Tangible fixed assets -€15,093
down €15,093 (-48.1%), from €31,387 to €16,294
- Reserves +€51,827
up €51,827 (+28.8%), from €180,123 to €231,950
- Debts after one year -€10,127
no longer reported in 2025 (was €10,127)
- Tax, wage and social debts +€7,798
up €7,798 (+377%), from €2,068 to €9,867
- Current portion of long-term debt -€7,045
down €7,045 (-41.0%), from €17,172 to €10,127
- Trade debts -€4,476
down €4,476 (-55.3%), from €8,097 to €3,621
- Depreciation +€1,445
up €1,445 (+7.4%), from €19,607 to €21,053
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 | €227,588 | €265,565 | +€37,977 | +16.7% |
| Fixed assets | 21/28 | €31,387 | €16,294 | -€15,093 | -48.1% |
| Tangible fixed assets | 22/27 | €31,387 | €16,294 | -€15,093 | -48.1% |
| Furniture and vehicles | 24 | €31,387 | €16,294 | -€15,093 | -48.1% |
| Current assets | 29/58 | €196,201 | €249,271 | +€53,070 | +27.0% |
| Amounts receivable within one year | 40/41 | €67,600 | €27,754 | -€39,846 | -58.9% |
| Trade receivables | 40 | €52,599 | €26,299 | -€26,299 | -50.0% |
| Other amounts receivable | 41 | €15,002 | €1,455 | -€13,547 | -90.3% |
| Cash at bank and in hand | 54/58 | €127,410 | €220,026 | +€92,615 | +72.7% |
| Deferred charges and accrued income | 490/1 | €1,190 | €1,492 | +€301 | +25.3% |
| Total equity and liabilities | 10/49 | €227,588 | €265,565 | +€37,977 | +16.7% |
| Equity | 10/15 | €190,123 | €241,950 | +€51,827 | +27.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €180,123 | €231,950 | +€51,827 | +28.8% |
| Distributable reserves | 133 | €180,123 | €231,950 | +€51,827 | +28.8% |
| Amounts payable | 17/49 | €37,464 | €23,615 | -€13,849 | -37.0% |
| Amounts payable after more than one year | 17 | €10,127 | - | -€10,127 | |
| Financial debts | 170/4 | €10,127 | - | -€10,127 | |
| Amounts payable within one year | 42/48 | €27,337 | €23,615 | -€3,722 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €17,172 | €10,127 | -€7,045 | -41.0% |
| Trade debts | 44 | €8,097 | €3,621 | -€4,476 | -55.3% |
| Suppliers | 440/4 | €8,097 | €3,621 | -€4,476 | -55.3% |
| Taxes, remuneration and social security | 45 | €2,068 | €9,867 | +€7,798 | +377% |
| Taxes | 450/3 | €2,068 | €9,867 | +€7,798 | +377% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,607 | €21,053 | +€1,445 | +7.4% |
| Other operating charges | 640/8 | €568 | €613 | +€45 | +7.9% |
| Gross operating margin | 9900 | €94,341 | €93,739 | -€601 | -0.6% |
| Operating profit (loss) | 9901 | €74,166 | €72,074 | -€2,092 | -2.8% |
| Financial income | 75/76B | €20 | €56 | +€36 | +184% |
| Recurring financial income | 75 | €20 | €56 | +€36 | +184% |
| Financial charges | 65/66B | €690 | €426 | -€264 | -38.2% |
| Recurring financial charges | 65 | €690 | €426 | -€264 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €73,496 | €71,704 | -€1,791 | -2.4% |
| Income taxes | 67/77 | €19,820 | €19,878 | +€58 | +0.3% |
| Profit (loss) for the period | 9904 | €53,676 | €51,827 | -€1,849 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,676 | €51,827 | -€1,849 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.