AS 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.
AS CONSULT
Largest movements
- Cash +€93,688
up €93,688 (+161.3%), from €58,070 to €151,758
mainly Depreciation (+€167,837) and Net result for the year (+€56,074)
- Tangible fixed assets -€85,134
down €85,134 (-11.2%), from €762,218 to €677,084
of which Land and buildings: -€85,705
- Intangible fixed assets -€74,467
down €74,467 (-28.1%), from €264,897 to €190,430
- Deferred charges and accrued income +€17,884
up €17,884 (+1402.7%), from €1,275 to €19,159
- Debts after one year -€117,383
down €117,383 (-16.3%), from €719,210 to €601,827
- Other debts +€42,750
up €42,750 (+77.7%), from €55,000 to €97,750
- Trade debts +€22,082
up €22,082 (+11.6%), from €189,752 to €211,834
- Financial charges +€14,174
up €14,174 (+136.4%), from €10,392 to €24,566
- Gross operating margin +€12,983
up €12,983 (+4.8%), from €272,104 to €285,087
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 | €1,341,534 | €1,291,758 | -€49,776 | -3.7% |
| Fixed assets | 21/28 | €1,027,115 | €867,514 | -€159,601 | -15.5% |
| Intangible fixed assets | 21 | €264,897 | €190,430 | -€74,467 | -28.1% |
| Tangible fixed assets | 22/27 | €762,218 | €677,084 | -€85,134 | -11.2% |
| Land and buildings | 22 | €592,055 | €506,350 | -€85,705 | -14.5% |
| Plant, machinery and equipment | 23 | €170,037 | €170,734 | +€697 | +0.4% |
| Furniture and vehicles | 24 | €126 | - | -€126 | |
| Current assets | 29/58 | €314,419 | €424,244 | +€109,825 | +34.9% |
| Stocks and contracts in progress | 3 | €75,522 | €81,850 | +€6,328 | +8.4% |
| Stocks | 30/36 | €75,522 | €81,850 | +€6,328 | +8.4% |
| Amounts receivable within one year | 40/41 | €179,552 | €171,477 | -€8,075 | -4.5% |
| Trade receivables | 40 | €151,119 | €145,759 | -€5,360 | -3.5% |
| Other amounts receivable | 41 | €28,433 | €25,718 | -€2,715 | -9.5% |
| Cash at bank and in hand | 54/58 | €58,070 | €151,758 | +€93,688 | +161.3% |
| Deferred charges and accrued income | 490/1 | €1,275 | €19,159 | +€17,884 | +1402.7% |
| Total equity and liabilities | 10/49 | €1,341,534 | €1,291,758 | -€49,776 | -3.7% |
| Equity | 10/15 | €303,161 | €304,235 | +€1,074 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,561 | €285,635 | +€1,074 | +0.4% |
| Tax-exempt reserves | 132 | €11,675 | €11,675 | = | 0.0% |
| Distributable reserves | 133 | €272,886 | €273,960 | +€1,074 | +0.4% |
| Amounts payable | 17/49 | €1,038,373 | €987,523 | -€50,850 | -4.9% |
| Amounts payable after more than one year | 17 | €719,210 | €601,827 | -€117,383 | -16.3% |
| Financial debts | 170/4 | €719,210 | €601,827 | -€117,383 | -16.3% |
| Amounts payable within one year | 42/48 | €319,163 | €384,968 | +€65,805 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €65,848 | €67,473 | +€1,625 | +2.5% |
| Trade debts | 44 | €189,752 | €211,834 | +€22,082 | +11.6% |
| Suppliers | 440/4 | €189,752 | €211,834 | +€22,082 | +11.6% |
| Taxes, remuneration and social security | 45 | €8,563 | €7,911 | -€652 | -7.6% |
| Remuneration and social security | 454/9 | €8,563 | €7,911 | -€652 | -7.6% |
| Other amounts payable | 47/48 | €55,000 | €97,750 | +€42,750 | +77.7% |
| Accrued charges and deferred income | 492/3 | - | €728 | +€728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,603 | €167,837 | -€2,766 | -1.6% |
| Other operating charges | 640/8 | €17,272 | €18,150 | +€878 | +5.1% |
| Gross operating margin | 9900 | €272,104 | €285,087 | +€12,983 | +4.8% |
| Operating profit (loss) | 9901 | €84,229 | €99,100 | +€14,871 | +17.7% |
| Financial income | 75/76B | €2 | €472 | +€470 | +23500.0% |
| Recurring financial income | 75 | €2 | €472 | +€470 | +23500.0% |
| Financial charges | 65/66B | €10,392 | €24,566 | +€14,174 | +136.4% |
| Recurring financial charges | 65 | €10,392 | €24,566 | +€14,174 | +136.4% |
| Profit (loss) for the period before taxes | 9903 | €73,839 | €75,006 | +€1,167 | +1.6% |
| Income taxes | 67/77 | €18,793 | €18,932 | +€139 | +0.7% |
| Profit (loss) for the period | 9904 | €55,046 | €56,074 | +€1,028 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,046 | €56,074 | +€1,028 | +1.9% |
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 10 October 2026 via checked.be.