A.T. KEARNEY: 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.
What changed
A.T. KEARNEY
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€324,661
2023 · €173,356+€151,305
Equity
€2.1m
2023 · €1.8m+€324,661
Cash
€370,921
2023 · €500,562-€129,641
Balance sheet total
€6.5m
2023 · €7.3m-€817,280
Largest movements
Assets
- Stocks and contracts -€1.9m
down €1.9m (-94.5%), from €2.0m to €110,439
- Receivables within one year +€1.3m
up €1.3m (+29.8%), from €4.5m to €5.8m
of which Trade receivables: +€4.6m
- Cash -€129,641
down €129,641 (-25.9%), from €500,562 to €370,921
mainly Trade debts (-€3.5m) and Receivables within one year (-€1.3m)
Equity and liabilities
- Trade debts -€3.5m
down €3.5m (-90.3%), from €3.9m to €378,988
- Other debts +€2.0m
new in 2024: €2.0m
- Profit (loss) carried forward +€324,661
up €324,661 (+19.8%), from €1.6m to €2.0m
- Tax, wage and social debts +€271,891
up €271,891 (+18.3%), from €1.5m to €1.8m
of which Taxes: +€323,460
- Advances received +€191,240
new in 2024: €191,240
Income statement
- Services and other goods -€2.5m
down €2.5m (-33.1%), from €7.6m to €5.1m
- Turnover +€1.5m
up €1.5m (+14.7%), from €9.9m to €11.4m
From the 2023 result to the 2024 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.
Result 2023
€173,356
Turnover
+€1.5m
Other operating income
-€67,088
Services and other goods
+€2.5m
Staff costs
+€23,529
Depreciation
+€1,894
Write-downs
-€871
Other operating charges
+€5,561
Other operating items
-€3.9m
Financial income
+€42,201
Financial charges
+€113,115
Taxes
-€11,376
Result 2024
€324,661
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€115,262
Investment
-€14,379
Financing
€0
Cash 2023
€500,562
From operations (derived)
-€115,262
Net result for the year
+€324,661
Depreciation
+€61,727
Stocks and contracts
+€1.9m
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€73,092
Trade debts
-€3.5m
Tax, wage and social debts
+€271,891
Advances received
+€191,240
Other debts
+€2.0m
Accrued charges and deferred income
-€91,873
Investment (derived)
-€14,379
Investment in fixed assets (net)
-€14,379
Cash 2024
€370,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,340,298 | €6,523,018 | -€817,280 | -11.1% |
| Fixed assets | 21/28 | €228,456 | €181,108 | -€47,348 | -20.7% |
| Tangible fixed assets | 22/27 | €158,456 | €111,108 | -€47,348 | -29.9% |
| Furniture and vehicles | 24 | €58,353 | €39,574 | -€18,779 | -32.2% |
| Other tangible fixed assets | 26 | €100,103 | €71,534 | -€28,569 | -28.5% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €7,111,842 | €6,341,910 | -€769,932 | -10.8% |
| Stocks and contracts in progress | 3 | €2,016,727 | €110,439 | -€1.9m | -94.5% |
| Contracts in progress | 37 | €2,016,727 | €110,439 | -€1.9m | -94.5% |
| Amounts receivable within one year | 40/41 | €4,490,833 | €5,829,922 | +€1.3m | +29.8% |
| Trade receivables | 40 | €1,205,459 | €5,829,922 | +€4.6m | +384% |
| Other amounts receivable | 41 | €3,285,374 | - | -€3.3m | |
| Cash at bank and in hand | 54/58 | €500,562 | €370,921 | -€129,641 | -25.9% |
| Deferred charges and accrued income | 490/1 | €103,720 | €30,628 | -€73,092 | -70.5% |
| Total equity and liabilities | 10/49 | €7,340,298 | €6,523,018 | -€817,280 | -11.1% |
| Equity | 10/15 | €1,789,356 | €2,114,017 | +€324,661 | +18.1% |
| Contributions | 10/11 | €136,196 | €136,196 | = | 0.0% |
| Capital | 10 | €136,196 | €136,196 | = | 0.0% |
| Issued capital | 100 | €136,196 | €136,196 | = | 0.0% |
| Reserves | 13 | €13,620 | €13,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,620 | €13,620 | = | 0.0% |
| Legal reserve | 130 | €13,620 | €13,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,639,540 | €1,964,201 | +€324,661 | +19.8% |
| Amounts payable | 17/49 | €5,550,942 | €4,409,001 | -€1.1m | -20.6% |
| Amounts payable within one year | 42/48 | €5,413,387 | €4,363,319 | -€1.1m | -19.4% |
| Trade debts | 44 | €3,923,874 | €378,988 | -€3.5m | -90.3% |
| Suppliers | 440/4 | €3,923,874 | €378,988 | -€3.5m | -90.3% |
| Advances received on contracts in progress | 46 | - | €191,240 | +€191,240 | |
| Taxes, remuneration and social security | 45 | €1,489,513 | €1,761,404 | +€271,891 | +18.3% |
| Taxes | 450/3 | €18,798 | €342,258 | +€323,460 | +1,721% |
| Remuneration and social security | 454/9 | €1,470,715 | €1,419,146 | -€51,569 | -3.5% |
| Other amounts payable | 47/48 | - | €2,031,687 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | €137,555 | €45,682 | -€91,873 | -66.8% |
| Operating income | 70/76A | €12,021,918 | €9,499,174 | -€2.5m | -21.0% |
| Turnover | 70 | €9,915,585 | €11,377,826 | +€1.5m | +14.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,011,610 | -€1,906,287 | -€3.9m | |
| Other operating income | 74 | €94,723 | €27,635 | -€67,088 | -70.8% |
| Operating charges | 60/66A | €11,722,163 | €9,192,054 | -€2.5m | -21.6% |
| Services and other goods | 61 | €7,555,416 | €5,055,420 | -€2.5m | -33.1% |
| Remuneration, social security and pensions | 62 | €4,037,917 | €4,014,388 | -€23,529 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,621 | €61,727 | -€1,894 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €871 | +€871 | |
| Other operating charges | 640/8 | €65,209 | €59,648 | -€5,561 | -8.5% |
| Operating profit (loss) | 9901 | €299,755 | €307,120 | +€7,365 | +2.5% |
| Financial income | 75/76B | €60,809 | €103,010 | +€42,201 | +69.4% |
| Recurring financial income | 75 | €60,809 | €103,010 | +€42,201 | +69.4% |
| Income from current assets | 751 | - | €52,421 | +€52,421 | |
| Other financial income | 752/9 | €60,809 | €50,589 | -€10,220 | -16.8% |
| Financial charges | 65/66B | €185,271 | €72,156 | -€113,115 | -61.1% |
| Recurring financial charges | 65 | €185,271 | €72,156 | -€113,115 | -61.1% |
| Debt charges | 650 | €55,982 | €51,370 | -€4,612 | -8.2% |
| Other financial charges | 652/9 | €129,289 | €20,786 | -€108,503 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €175,293 | €337,974 | +€162,681 | +92.8% |
| Income taxes | 67/77 | €1,937 | €13,313 | +€11,376 | +587% |
| Taxes | 670/3 | €4,514 | €13,313 | +€8,799 | +195% |
| Tax adjustments and reversals of tax provisions | 77 | €2,577 | - | -€2,577 | |
| Profit (loss) for the period | 9904 | €173,356 | €324,661 | +€151,305 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €173,356 | €324,661 | +€151,305 | +87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.