2020 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.
2020 CONSULT
Largest movements
- Cash -€20,846
down €20,846 (-36.4%), from €57,321 to €36,475
mainly Contributions, distributions and other (-€147,975) and Tax, wage and social debts (-€58,413)
- Other debts +€147,975
new in 2025: €147,975
- Reserves -€73,675
down €73,675 (-10.1%), from €731,418 to €657,743
- Tax, wage and social debts -€58,413
down €58,413 (-66.9%), from €87,342 to €28,929
- Short-term financial debts -€14,476
down €14,476 (-41.4%), from €35,000 to €20,524
- Trade debts -€12,356
down €12,356 (-74.0%), from €16,698 to €4,342
- Gross operating margin -€45,567
down €45,567 (-27.6%), from €165,236 to €119,669
- Taxes -€13,404
down €13,404 (-23.1%), from €57,901 to €44,497
- Financial income +€1,996
up €1,996 (+27.7%), from €7,209 to €9,205
- Financial charges +€1,939
up €1,939 (+48.6%), from €3,992 to €5,931
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 | €882,858 | €871,912 | -€10,946 | -1.2% |
| Fixed assets | 21/28 | €534,901 | €537,551 | +€2,650 | +0.5% |
| Tangible fixed assets | 22/27 | €112,318 | €114,968 | +€2,650 | +2.4% |
| Land and buildings | 22 | €1,060 | €1,060 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,969 | €2,530 | -€438 | -14.8% |
| Furniture and vehicles | 24 | €2,303 | €1,760 | -€543 | -23.6% |
| Other tangible fixed assets | 26 | €105,986 | €109,617 | +€3,631 | +3.4% |
| Financial fixed assets | 28 | €422,583 | €422,583 | = | 0.0% |
| Current assets | 29/58 | €347,957 | €334,361 | -€13,596 | -3.9% |
| Amounts receivable within one year | 40/41 | €286,832 | €294,186 | +€7,354 | +2.6% |
| Trade receivables | 40 | €155,782 | €95,746 | -€60,036 | -38.5% |
| Other amounts receivable | 41 | €131,050 | €198,440 | +€67,390 | +51.4% |
| Cash at bank and in hand | 54/58 | €57,321 | €36,475 | -€20,846 | -36.4% |
| Deferred charges and accrued income | 490/1 | €3,804 | €3,700 | -€104 | -2.7% |
| Total equity and liabilities | 10/49 | €882,858 | €871,912 | -€10,946 | -1.2% |
| Equity | 10/15 | €743,818 | €670,143 | -€73,675 | -9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €731,418 | €657,743 | -€73,675 | -10.1% |
| Distributable reserves | 133 | €731,418 | €657,743 | -€73,675 | -10.1% |
| Amounts payable | 17/49 | €139,040 | €201,769 | +€62,729 | +45.1% |
| Amounts payable within one year | 42/48 | €139,040 | €201,769 | +€62,729 | +45.1% |
| Financial debts | 43 | €35,000 | €20,524 | -€14,476 | -41.4% |
| Credit institutions | 430/8 | €35,000 | €20,524 | -€14,476 | -41.4% |
| Trade debts | 44 | €16,698 | €4,342 | -€12,356 | -74.0% |
| Suppliers | 440/4 | €16,698 | €4,342 | -€12,356 | -74.0% |
| Taxes, remuneration and social security | 45 | €87,342 | €28,929 | -€58,413 | -66.9% |
| Taxes | 450/3 | €87,342 | €28,929 | -€58,413 | -66.9% |
| Other amounts payable | 47/48 | - | €147,975 | +€147,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €2,978 | -€333 | -10.0% |
| Other operating charges | 640/8 | €803 | €1,168 | +€365 | +45.5% |
| Gross operating margin | 9900 | €165,236 | €119,669 | -€45,567 | -27.6% |
| Operating profit (loss) | 9901 | €161,122 | €115,523 | -€45,599 | -28.3% |
| Financial income | 75/76B | €7,209 | €9,205 | +€1,996 | +27.7% |
| Recurring financial income | 75 | €7,209 | €9,205 | +€1,996 | +27.7% |
| Financial charges | 65/66B | €3,992 | €5,931 | +€1,939 | +48.6% |
| Recurring financial charges | 65 | €3,992 | €5,931 | +€1,939 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €164,339 | €118,796 | -€45,543 | -27.7% |
| Income taxes | 67/77 | €57,901 | €44,497 | -€13,404 | -23.1% |
| Profit (loss) for the period | 9904 | €106,439 | €74,299 | -€32,139 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,439 | €74,299 | -€32,139 | -30.2% |
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 20 October 2026 via checked.be.