28 CONSULTING: what changed
Two fiscal 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.
28 CONSULTING
Largest movements
- Receivables within one year -€31,098
down €31,098 (-43.9%), from €70,864 to €39,767
of which Other amounts receivable: -€26,292
- Cash +€13,044
new in 2025: €13,044
mainly Receivables within one year (+€31,098) and Net result for the year (+€21,967)
- Tangible fixed assets -€11,831
down €11,831 (-4.9%), from €242,095 to €230,264
of which Land and buildings: -€11,145
- Profit (loss) carried forward -€24,983
down €24,983 (-77.1%), from €32,406 to €7,422
- Reserves +€21,950
up €21,950 (+22.2%), from €98,860 to €120,810
- Debts after one year -€15,453
down €15,453 (-14.1%), from €109,449 to €93,996
- Short-term financial debts -€12,701
no longer reported in 2025 (was €12,701)
- Other debts -€12,364
down €12,364 (-44.3%), from €27,889 to €15,525
- Gross operating margin +€35,055
up €35,055 (+81.0%), from €43,290 to €78,346
- Taxes +€21,554
up €21,554 (+242.7%), from €8,881 to €30,434
- Financial charges +€8,042
up €8,042 (+259.6%), from €3,098 to €11,140
- Depreciation +€1,111
up €1,111 (+9.5%), from €11,706 to €12,816
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.
Cash bridge derived
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 | €314,224 | €284,437 | -€29,787 | -9.5% |
| Fixed assets | 21/28 | €242,770 | €230,939 | -€11,831 | -4.9% |
| Tangible fixed assets | 22/27 | €242,095 | €230,264 | -€11,831 | -4.9% |
| Land and buildings | 22 | €236,434 | €225,289 | -€11,145 | -4.7% |
| Plant, machinery and equipment | 23 | €4,522 | €3,496 | -€1,026 | -22.7% |
| Furniture and vehicles | 24 | €1,139 | €1,479 | +€340 | +29.8% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €71,454 | €53,499 | -€17,955 | -25.1% |
| Amounts receivable within one year | 40/41 | €70,864 | €39,767 | -€31,098 | -43.9% |
| Trade receivables | 40 | €13,714 | €8,908 | -€4,805 | -35.0% |
| Other amounts receivable | 41 | €57,151 | €30,859 | -€26,292 | -46.0% |
| Cash at bank and in hand | 54/58 | - | €13,044 | +€13,044 | |
| Deferred charges and accrued income | 490/1 | €590 | €688 | +€99 | +16.7% |
| Total equity and liabilities | 10/49 | €314,224 | €284,437 | -€29,787 | -9.5% |
| Equity | 10/15 | €137,466 | €134,432 | -€3,033 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,860 | €120,810 | +€21,950 | +22.2% |
| Distributable reserves | 133 | €98,860 | €120,810 | +€21,950 | +22.2% |
| Profit (loss) carried forward | 14 | €32,406 | €7,422 | -€24,983 | -77.1% |
| Amounts payable | 17/49 | €176,759 | €150,005 | -€26,753 | -15.1% |
| Amounts payable after more than one year | 17 | €109,449 | €93,996 | -€15,453 | -14.1% |
| Financial debts | 170/4 | €109,449 | €93,996 | -€15,453 | -14.1% |
| Amounts payable within one year | 42/48 | €67,309 | €55,148 | -€12,162 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €17,618 | €18,773 | +€1,156 | +6.6% |
| Financial debts | 43 | €12,701 | - | -€12,701 | |
| Credit institutions | 430/8 | €12,701 | - | -€12,701 | |
| Trade debts | 44 | €1,416 | €6,093 | +€4,677 | +330.2% |
| Suppliers | 440/4 | €1,416 | €6,093 | +€4,677 | +330.2% |
| Taxes, remuneration and social security | 45 | €7,685 | €14,756 | +€7,071 | +92.0% |
| Taxes | 450/3 | €5,435 | €14,756 | +€9,321 | +171.5% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €27,889 | €15,525 | -€12,364 | -44.3% |
| Accrued charges and deferred income | 492/3 | - | €861 | +€861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,706 | €12,816 | +€1,111 | +9.5% |
| Other operating charges | 640/8 | €2,260 | €1,988 | -€272 | -12.0% |
| Gross operating margin | 9900 | €43,290 | €78,346 | +€35,055 | +81.0% |
| Operating profit (loss) | 9901 | €29,325 | €63,541 | +€34,216 | +116.7% |
| Financial charges | 65/66B | €3,098 | €11,140 | +€8,042 | +259.6% |
| Recurring financial charges | 65 | €3,098 | €11,140 | +€8,042 | +259.6% |
| Profit (loss) for the period before taxes | 9903 | €26,227 | €52,401 | +€26,174 | +99.8% |
| Income taxes | 67/77 | €8,881 | €30,434 | +€21,554 | +242.7% |
| Profit (loss) for the period | 9904 | €17,346 | €21,967 | +€4,620 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,346 | €21,967 | +€4,620 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.