Bear Consulting: what changed
Two fiscal 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.
Bear Consulting
Largest movements
- Receivables within one year +€36,222
up €36,222 (+266.9%), from €13,571 to €49,793
of which Trade receivables: +€30,240
- Cash +€15,260
up €15,260 (+19.2%), from €79,399 to €94,660
mainly Net result for the year (+€49,019) and Tax, wage and social debts (+€17,875)
- Deferred charges and accrued income +€3,045
up €3,045 (+148.7%), from €2,048 to €5,092
- Profit (loss) carried forward +€49,019
up €49,019 (+113.4%), from €43,212 to €92,231
- Tax, wage and social debts +€17,875
up €17,875 (+130.5%), from €13,696 to €31,571
- Trade debts -€11,493
down €11,493 (-66.3%), from €17,322 to €5,829
- Other debts -€1,570
no longer reported in 2025 (was €1,570)
- Gross operating margin +€22,840
up €22,840 (+50.2%), from €45,531 to €68,371
- Taxes +€7,468
up €7,468 (+113.7%), from €6,565 to €14,033
- Financial charges -€1,322
down €1,322 (-26.9%), from €4,909 to €3,587
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 | €101,301 | €155,131 | +€53,830 | +53.1% |
| Fixed assets | 21/28 | €6,283 | €5,586 | -€697 | -11.1% |
| Tangible fixed assets | 22/27 | €6,283 | €5,586 | -€697 | -11.1% |
| Plant, machinery and equipment | 23 | €860 | €664 | -€197 | -22.8% |
| Furniture and vehicles | 24 | €5,423 | €4,923 | -€500 | -9.2% |
| Current assets | 29/58 | €95,018 | €149,545 | +€54,527 | +57.4% |
| Amounts receivable within one year | 40/41 | €13,571 | €49,793 | +€36,222 | +266.9% |
| Trade receivables | 40 | €13,571 | €43,811 | +€30,240 | +222.8% |
| Other amounts receivable | 41 | - | €5,982 | +€5,982 | |
| Cash at bank and in hand | 54/58 | €79,399 | €94,660 | +€15,260 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,048 | €5,092 | +€3,045 | +148.7% |
| Total equity and liabilities | 10/49 | €101,301 | €155,131 | +€53,830 | +53.1% |
| Equity | 10/15 | €68,712 | €117,731 | +€49,019 | +71.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,212 | €92,231 | +€49,019 | +113.4% |
| Amounts payable | 17/49 | €32,588 | €37,400 | +€4,812 | +14.8% |
| Amounts payable within one year | 42/48 | €32,588 | €37,400 | +€4,812 | +14.8% |
| Trade debts | 44 | €17,322 | €5,829 | -€11,493 | -66.3% |
| Suppliers | 440/4 | €17,322 | €5,829 | -€11,493 | -66.3% |
| Taxes, remuneration and social security | 45 | €13,696 | €31,571 | +€17,875 | +130.5% |
| Taxes | 450/3 | €13,696 | €31,571 | +€17,875 | +130.5% |
| Other amounts payable | 47/48 | €1,570 | - | -€1,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €2,105 | +€563 | +36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €208 | - | -€208 | |
| Other operating charges | 640/8 | €519 | €212 | -€306 | -59.1% |
| Non-recurring operating charges | 66A | €12,000 | - | -€12,000 | |
| Gross operating margin | 9900 | €45,531 | €68,371 | +€22,840 | +50.2% |
| Operating profit (loss) | 9901 | €31,262 | €66,054 | +€34,792 | +111.3% |
| Financial income | 75/76B | €288 | €585 | +€297 | +103.2% |
| Recurring financial income | 75 | €288 | €585 | +€297 | +103.2% |
| Financial charges | 65/66B | €4,909 | €3,587 | -€1,322 | -26.9% |
| Recurring financial charges | 65 | €4,909 | €3,587 | -€1,322 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €26,641 | €63,052 | +€36,411 | +136.7% |
| Income taxes | 67/77 | €6,565 | €14,033 | +€7,468 | +113.7% |
| Profit (loss) for the period | 9904 | €20,076 | €49,019 | +€28,943 | +144.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,076 | €49,019 | +€28,943 | +144.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.