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
- Receivables within one year +€59,420
up €59,420 (+76.2%), from €77,959 to €137,378
of which Trade receivables: +€59,420
- Cash -€30,742
down €30,742 (-48.8%), from €62,952 to €32,209
mainly Contributions, distributions and other (-€76,500) and Receivables within one year (-€59,420)
- Tangible fixed assets -€19,733
down €19,733 (-20.6%), from €95,611 to €75,878
- Debts after one year -€27,745
down €27,745 (-34.5%), from €80,484 to €52,739
- Other debts +€22,397
up €22,397 (+49.0%), from €45,709 to €68,106
- Tax, wage and social debts +€14,408
up €14,408 (+45.5%), from €31,689 to €46,097
of which Taxes: +€12,361
- Gross operating margin +€61,988
up €61,988 (+58.4%), from €106,081 to €168,069
- Taxes +€16,052
up €16,052 (+147%), from €10,919 to €26,972
- Depreciation +€9,359
up €9,359 (+80.4%), from €11,645 to €21,004
- Staff costs -€7,897
down €7,897 (-18.0%), from €43,962 to €36,065
- Financial charges +€2,089
up €2,089 (+52.7%), from €3,968 to €6,057
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 | €238,012 | €247,191 | +€9,179 | +3.9% |
| Fixed assets | 21/28 | €95,611 | €75,878 | -€19,733 | -20.6% |
| Tangible fixed assets | 22/27 | €95,611 | €75,878 | -€19,733 | -20.6% |
| Furniture and vehicles | 24 | €95,611 | €75,878 | -€19,733 | -20.6% |
| Current assets | 29/58 | €142,400 | €171,312 | +€28,912 | +20.3% |
| Amounts receivable within one year | 40/41 | €77,959 | €137,378 | +€59,420 | +76.2% |
| Trade receivables | 40 | €77,939 | €137,358 | +€59,420 | +76.2% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,952 | €32,209 | -€30,742 | -48.8% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,725 | +€235 | +15.7% |
| Total equity and liabilities | 10/49 | €238,012 | €247,191 | +€9,179 | +3.9% |
| Equity | 10/15 | €47,038 | €47,194 | +€156 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,975 | €40,975 | = | 0.0% |
| Distributable reserves | 133 | €40,975 | €40,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,063 | €1,219 | +€156 | +14.7% |
| Amounts payable | 17/49 | €190,974 | €199,997 | +€9,023 | +4.7% |
| Amounts payable after more than one year | 17 | €80,484 | €52,739 | -€27,745 | -34.5% |
| Financial debts | 170/4 | €80,484 | €52,739 | -€27,745 | -34.5% |
| Amounts payable within one year | 42/48 | €110,490 | €147,257 | +€36,768 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €31,200 | €32,787 | +€1,586 | +5.1% |
| Trade debts | 44 | €1,891 | €267 | -€1,624 | -85.9% |
| Suppliers | 440/4 | €1,891 | €267 | -€1,624 | -85.9% |
| Taxes, remuneration and social security | 45 | €31,689 | €46,097 | +€14,408 | +45.5% |
| Taxes | 450/3 | €26,144 | €38,504 | +€12,361 | +47.3% |
| Remuneration and social security | 454/9 | €5,545 | €7,593 | +€2,048 | +36.9% |
| Other amounts payable | 47/48 | €45,709 | €68,106 | +€22,397 | +49.0% |
| Remuneration, social security and pensions | 62 | €43,962 | €36,065 | -€7,897 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €21,004 | +€9,359 | +80.4% |
| Other operating charges | 640/8 | €412 | €1,315 | +€903 | +219% |
| Gross operating margin | 9900 | €106,081 | €168,069 | +€61,988 | +58.4% |
| Operating profit (loss) | 9901 | €50,062 | €109,685 | +€59,623 | +119% |
| Financial charges | 65/66B | €3,968 | €6,057 | +€2,089 | +52.7% |
| Recurring financial charges | 65 | €3,968 | €6,057 | +€2,089 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €46,094 | €103,628 | +€57,534 | +125% |
| Income taxes | 67/77 | €10,919 | €26,972 | +€16,052 | +147% |
| Profit (loss) for the period | 9904 | €35,175 | €76,656 | +€41,481 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €35,175 | €76,656 | +€41,481 | +118% |
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.