BANDO 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.
BANDO CONSULT
Largest movements
- Receivables within one year +€110,118
up €110,118 (+910%), from €12,100 to €122,218
of which Trade receivables: +€73,416
- Cash -€17,345
down €17,345 (-22.6%), from €76,708 to €59,363
mainly Receivables within one year (-€110,118) and Deferred charges and accrued income (-€669)
- Reserves +€43,773
up €43,773 (+60.1%), from €72,795 to €116,568
of which Distributable reserves: +€43,773
- Trade debts +€33,962
up €33,962 (+6,490%), from €523 to €34,485
- Tax, wage and social debts +€15,218
up €15,218 (+169%), from €8,995 to €24,213
- Gross operating margin +€17,880
up €17,880 (+40.3%), from €44,377 to €62,257
- Taxes +€5,030
up €5,030 (+40.5%), from €12,414 to €17,445
- Financial income +€900
new in 2025: €900
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 | €93,052 | €185,867 | +€92,814 | +99.7% |
| Fixed assets | 21/28 | €3,763 | €3,137 | -€627 | -16.7% |
| Tangible fixed assets | 22/27 | €3,763 | €3,137 | -€627 | -16.7% |
| Plant, machinery and equipment | 23 | €176 | - | -€176 | |
| Other tangible fixed assets | 26 | €3,587 | €3,137 | -€451 | -12.6% |
| Current assets | 29/58 | €89,289 | €182,730 | +€93,441 | +105% |
| Amounts receivable within one year | 40/41 | €12,100 | €122,218 | +€110,118 | +910% |
| Trade receivables | 40 | €12,100 | €85,516 | +€73,416 | +607% |
| Other amounts receivable | 41 | - | €36,702 | +€36,702 | |
| Cash at bank and in hand | 54/58 | €76,708 | €59,363 | -€17,345 | -22.6% |
| Deferred charges and accrued income | 490/1 | €481 | €1,150 | +€669 | +139% |
| Total equity and liabilities | 10/49 | €93,052 | €185,867 | +€92,814 | +99.7% |
| Equity | 10/15 | €83,395 | €127,168 | +€43,773 | +52.5% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €72,795 | €116,568 | +€43,773 | +60.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,935 | €114,708 | +€43,773 | +61.7% |
| Amounts payable | 17/49 | €9,657 | €58,698 | +€49,041 | +508% |
| Amounts payable within one year | 42/48 | €9,657 | €58,698 | +€49,041 | +508% |
| Trade debts | 44 | €523 | €34,485 | +€33,962 | +6,490% |
| Suppliers | 440/4 | €523 | €34,485 | +€33,962 | +6,490% |
| Taxes, remuneration and social security | 45 | €8,995 | €24,213 | +€15,218 | +169% |
| Taxes | 450/3 | €8,995 | €24,213 | +€15,218 | +169% |
| Other amounts payable | 47/48 | €139 | - | -€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €627 | -€79 | -11.2% |
| Other operating charges | 640/8 | €387 | €563 | +€176 | +45.4% |
| Gross operating margin | 9900 | €44,377 | €62,257 | +€17,880 | +40.3% |
| Operating profit (loss) | 9901 | €43,284 | €61,067 | +€17,783 | +41.1% |
| Financial income | 75/76B | - | €900 | +€900 | |
| Recurring financial income | 75 | - | €900 | +€900 | |
| Financial charges | 65/66B | €819 | €748 | -€71 | -8.6% |
| Recurring financial charges | 65 | €819 | €748 | -€71 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €42,465 | €61,218 | +€18,753 | +44.2% |
| Income taxes | 67/77 | €12,414 | €17,445 | +€5,030 | +40.5% |
| Profit (loss) for the period | 9904 | €30,050 | €43,773 | +€13,723 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,050 | €43,773 | +€13,723 | +45.7% |
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 25 October 2026 via checked.be.