B3Consult: 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.
B3Consult
Largest movements
- Receivables within one year +€61,035
up €61,035 (+26.2%), from €232,855 to €293,890
of which Other amounts receivable: +€65,227
- Cash +€25,950
up €25,950 (+74.5%), from €34,827 to €60,776
mainly Net result for the year (+€99,655) and Depreciation (+€15,821)
- Tangible fixed assets -€15,821
down €15,821 (-28.5%), from €55,560 to €39,739
of which Furniture and vehicles: -€15,537
- Current investments +€7,649
up €7,649 (+5.2%), from €146,781 to €154,431
- Reserves +€99,600
up €99,600 (+27.4%), from €364,100 to €463,700
- Debts after one year -€12,095
down €12,095 (-35.2%), from €34,376 to €22,280
- Current portion of long-term debt -€9,533
down €9,533 (-27.2%), from €35,053 to €25,520
- Gross operating margin +€25,413
up €25,413 (+21.3%), from €119,373 to €144,785
- Taxes +€9,028
up €9,028 (+23.8%), from €37,991 to €47,019
- Financial income -€7,944
down €7,944 (-24.5%), from €32,415 to €24,471
- Other operating charges -€3,626
down €3,626 (-74.0%), from €4,899 to €1,273
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 | €472,460 | €550,981 | +€78,521 | +16.6% |
| Fixed assets | 21/28 | €55,560 | €39,739 | -€15,821 | -28.5% |
| Tangible fixed assets | 22/27 | €55,560 | €39,739 | -€15,821 | -28.5% |
| Plant, machinery and equipment | 23 | €732 | €447 | -€284 | -38.9% |
| Furniture and vehicles | 24 | €54,829 | €39,292 | -€15,537 | -28.3% |
| Current assets | 29/58 | €416,900 | €511,242 | +€94,342 | +22.6% |
| Amounts receivable within one year | 40/41 | €232,855 | €293,890 | +€61,035 | +26.2% |
| Trade receivables | 40 | €28,578 | €24,386 | -€4,192 | -14.7% |
| Other amounts receivable | 41 | €204,278 | €269,505 | +€65,227 | +31.9% |
| Current investments | 50/53 | €146,781 | €154,431 | +€7,649 | +5.2% |
| Cash at bank and in hand | 54/58 | €34,827 | €60,776 | +€25,950 | +74.5% |
| Deferred charges and accrued income | 490/1 | €2,437 | €2,145 | -€292 | -12.0% |
| Total equity and liabilities | 10/49 | €472,460 | €550,981 | +€78,521 | +16.6% |
| Equity | 10/15 | €384,613 | €484,268 | +€99,655 | +25.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €364,100 | €463,700 | +€99,600 | +27.4% |
| Distributable reserves | 133 | €364,100 | €463,700 | +€99,600 | +27.4% |
| Profit (loss) carried forward | 14 | €1,963 | €2,018 | +€55 | +2.8% |
| Amounts payable | 17/49 | €87,847 | €66,714 | -€21,134 | -24.1% |
| Amounts payable after more than one year | 17 | €34,376 | €22,280 | -€12,095 | -35.2% |
| Financial debts | 170/4 | €34,376 | €22,280 | -€12,095 | -35.2% |
| Amounts payable within one year | 42/48 | €53,468 | €44,429 | -€9,038 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €35,053 | €25,520 | -€9,533 | -27.2% |
| Trade debts | 44 | €2,311 | €21 | -€2,290 | -99.1% |
| Suppliers | 440/4 | €2,311 | €21 | -€2,290 | -99.1% |
| Taxes, remuneration and social security | 45 | €16,104 | €18,888 | +€2,784 | +17.3% |
| Taxes | 450/3 | €16,104 | €18,888 | +€2,784 | +17.3% |
| Accrued charges and deferred income | 492/3 | €4 | €4 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,276 | €15,821 | -€455 | -2.8% |
| Other operating charges | 640/8 | €4,899 | €1,273 | -€3,626 | -74.0% |
| Gross operating margin | 9900 | €119,373 | €144,785 | +€25,413 | +21.3% |
| Operating profit (loss) | 9901 | €98,197 | €127,691 | +€29,494 | +30.0% |
| Financial income | 75/76B | €32,415 | €24,471 | -€7,944 | -24.5% |
| Recurring financial income | 75 | €32,415 | €24,471 | -€7,944 | -24.5% |
| Financial charges | 65/66B | €4,746 | €5,488 | +€742 | +15.6% |
| Recurring financial charges | 65 | €4,746 | €5,488 | +€742 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €125,866 | €146,674 | +€20,808 | +16.5% |
| Income taxes | 67/77 | €37,991 | €47,019 | +€9,028 | +23.8% |
| Profit (loss) for the period | 9904 | €87,875 | €99,655 | +€11,780 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,875 | €99,655 | +€11,780 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.