Bault 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.
Bault consult
Largest movements
- Cash +€41,774
up €41,774 (+45.1%), from €92,616 to €134,390
mainly Net result for the year (+€54,862) and Receivables within one year (+€12,255)
- Receivables within one year -€12,255
down €12,255 (-67.5%), from €18,150 to €5,895
of which Trade receivables: -€18,150
- Tangible fixed assets -€10,807
down €10,807 (-20.2%), from €53,530 to €42,723
of which Furniture and vehicles: -€8,922
- Deferred charges and accrued income +€6,092
up €6,092 (+386%), from €1,580 to €7,672
- Financial fixed assets -€2,500
down €2,500 (-70.7%), from €3,535 to €1,035
- Reserves +€49,476
up €49,476 (+46.2%), from €107,035 to €156,511
- Tax, wage and social debts -€22,020
down €22,020 (-81.9%), from €26,902 to €4,881
- Trade debts -€5,581
down €5,581 (-64.7%), from €8,626 to €3,044
- Gross operating margin -€118,784
down €118,784 (-71.0%), from €167,355 to €48,570
- Financial income +€32,721
new in 2025: €32,721
- Taxes -€27,281
down €27,281 (-66.7%), from €40,873 to €13,592
- Other operating charges -€15,811
down €15,811 (-89.0%), from €17,756 to €1,944
- Depreciation +€3,808
up €3,808 (+54.4%), from €6,999 to €10,807
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 | €169,410 | €191,714 | +€22,304 | +13.2% |
| Fixed assets | 21/28 | €57,065 | €43,758 | -€13,307 | -23.3% |
| Tangible fixed assets | 22/27 | €53,530 | €42,723 | -€10,807 | -20.2% |
| Plant, machinery and equipment | 23 | €13,915 | €12,030 | -€1,885 | -13.5% |
| Furniture and vehicles | 24 | €39,615 | €30,692 | -€8,922 | -22.5% |
| Financial fixed assets | 28 | €3,535 | €1,035 | -€2,500 | -70.7% |
| Current assets | 29/58 | €112,346 | €147,956 | +€35,611 | +31.7% |
| Amounts receivable within one year | 40/41 | €18,150 | €5,895 | -€12,255 | -67.5% |
| Trade receivables | 40 | €18,150 | - | -€18,150 | |
| Other amounts receivable | 41 | - | €5,895 | +€5,895 | |
| Cash at bank and in hand | 54/58 | €92,616 | €134,390 | +€41,774 | +45.1% |
| Deferred charges and accrued income | 490/1 | €1,580 | €7,672 | +€6,092 | +386% |
| Total equity and liabilities | 10/49 | €169,410 | €191,714 | +€22,304 | +13.2% |
| Equity | 10/15 | €133,320 | €182,796 | +€49,476 | +37.1% |
| Contributions | 10/11 | €21,600 | €21,600 | = | 0.0% |
| Reserves | 13 | €107,035 | €156,511 | +€49,476 | +46.2% |
| Distributable reserves | 133 | €107,035 | €156,511 | +€49,476 | +46.2% |
| Profit (loss) carried forward | 14 | €4,685 | €4,685 | = | 0.0% |
| Amounts payable | 17/49 | €36,090 | €8,918 | -€27,173 | -75.3% |
| Amounts payable within one year | 42/48 | €36,090 | €8,918 | -€27,173 | -75.3% |
| Trade debts | 44 | €8,626 | €3,044 | -€5,581 | -64.7% |
| Suppliers | 440/4 | €8,626 | €3,044 | -€5,581 | -64.7% |
| Taxes, remuneration and social security | 45 | €26,902 | €4,881 | -€22,020 | -81.9% |
| Taxes | 450/3 | €26,902 | €4,881 | -€22,020 | -81.9% |
| Other amounts payable | 47/48 | €563 | €992 | +€429 | +76.3% |
| Non-recurring operating income | 76A | €7,064 | - | -€7,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €10,807 | +€3,808 | +54.4% |
| Other operating charges | 640/8 | €17,756 | €1,944 | -€15,811 | -89.0% |
| Gross operating margin | 9900 | €167,355 | €48,570 | -€118,784 | -71.0% |
| Operating profit (loss) | 9901 | €142,600 | €35,819 | -€106,781 | -74.9% |
| Financial income | 75/76B | - | €32,721 | +€32,721 | |
| Recurring financial income | 75 | - | €32,721 | +€32,721 | |
| Financial charges | 65/66B | €430 | €86 | -€344 | -80.0% |
| Recurring financial charges | 65 | €430 | €86 | -€344 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €142,169 | €68,454 | -€73,716 | -51.9% |
| Income taxes | 67/77 | €40,873 | €13,592 | -€27,281 | -66.7% |
| Profit (loss) for the period | 9904 | €101,297 | €54,862 | -€46,434 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,297 | €54,862 | -€46,434 | -45.8% |
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 18 October 2026 via checked.be.