GSV 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.
GSV CONSULT
Largest movements
- Current investments -€90,000
down €90,000 (-90.0%), from €100,000 to €10,000
- Cash -€21,737
down €21,737 (-18.9%), from €115,191 to €93,454
mainly Contributions, distributions and other (-€160,000) and Other debts (-€104,250)
- Receivables within one year +€14,962
up €14,962 (+39,311%), from €38 to €15,000
- Other debts -€104,250
down €104,250 (-73.1%), from €142,550 to €38,300
- Profit (loss) carried forward +€7,423
up €7,423 (+80.4%), from €9,233 to €16,656
No income-statement line moved by more than 1% of the activity.
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 | €215,254 | €118,479 | -€96,775 | -45.0% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €215,229 | €118,454 | -€96,775 | -45.0% |
| Amounts receivable within one year | 40/41 | €38 | €15,000 | +€14,962 | +39,311% |
| Other amounts receivable | 41 | €38 | €15,000 | +€14,962 | +39,311% |
| Current investments | 50/53 | €100,000 | €10,000 | -€90,000 | -90.0% |
| Cash at bank and in hand | 54/58 | €115,191 | €93,454 | -€21,737 | -18.9% |
| Total equity and liabilities | 10/49 | €215,254 | €118,479 | -€96,775 | -45.0% |
| Equity | 10/15 | €31,233 | €38,656 | +€7,423 | +23.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €9,233 | €16,656 | +€7,423 | +80.4% |
| Amounts payable | 17/49 | €184,021 | €79,822 | -€104,198 | -56.6% |
| Amounts payable within one year | 42/48 | €184,021 | €79,822 | -€104,198 | -56.6% |
| Trade debts | 44 | €29,150 | €29,143 | -€7 | 0.0% |
| Suppliers | 440/4 | €29,150 | €29,143 | -€7 | 0.0% |
| Taxes, remuneration and social security | 45 | €12,321 | €12,380 | +€59 | +0.5% |
| Taxes | 450/3 | €11,336 | €10,820 | -€516 | -4.6% |
| Remuneration and social security | 454/9 | €985 | €1,560 | +€575 | +58.4% |
| Other amounts payable | 47/48 | €142,550 | €38,300 | -€104,250 | -73.1% |
| Gross operating margin | 9900 | €218,093 | €216,385 | -€1,708 | -0.8% |
| Operating profit (loss) | 9901 | €218,093 | €216,385 | -€1,708 | -0.8% |
| Financial income | 75/76B | €398 | €1,617 | +€1,219 | +306% |
| Recurring financial income | 75 | €398 | €1,617 | +€1,219 | +306% |
| Financial charges | 65/66B | €91 | €94 | +€3 | +3.4% |
| Recurring financial charges | 65 | €91 | €94 | +€3 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €218,401 | €217,908 | -€492 | -0.2% |
| Income taxes | 67/77 | €49,316 | €50,485 | +€1,169 | +2.4% |
| Profit (loss) for the period | 9904 | €169,084 | €167,423 | -€1,661 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €169,084 | €167,423 | -€1,661 | -1.0% |
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 14 October 2026 via checked.be.