BELGIAN EXPORT CONSULTANCY: 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.
BELGIAN EXPORT CONSULTANCY
Largest movements
- Receivables within one year +€10,373
up €10,373 (+168.6%), from €6,151 to €16,524
of which Trade receivables: +€10,364
- Tangible fixed assets +€5,561
new in 2025: €5,561
- Cash -€3,401
down €3,401 (-16.7%), from €20,357 to €16,956
mainly Receivables within one year (-€10,373) and Investment in fixed assets (net) (-€5,692)
- Reserves +€6,000
up €6,000 (+67.7%), from €8,860 to €14,860
of which Distributable reserves: +€6,000
- Tax, wage and social debts +€5,601
up €5,601 (+74.2%), from €7,546 to €13,148
- Other debts +€843
up €843 (+7.8%), from €10,765 to €11,609
- Gross operating margin -€2,486
down €2,486 (-17.5%), from €14,199 to €11,713
- Taxes -€1,351
down €1,351 (-23.2%), from €5,813 to €4,462
- Other operating charges -€579
down €579 (-47.4%), from €1,221 to €643
- Financial charges +€169
up €169 (+242.8%), from €70 to €239
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 | €27,364 | €40,136 | +€12,772 | +46.7% |
| Fixed assets | 21/28 | - | €5,561 | +€5,561 | |
| Tangible fixed assets | 22/27 | - | €5,561 | +€5,561 | |
| Other tangible fixed assets | 26 | - | €5,561 | +€5,561 | |
| Current assets | 29/58 | €27,364 | €34,575 | +€7,212 | +26.4% |
| Amounts receivable within one year | 40/41 | €6,151 | €16,524 | +€10,373 | +168.6% |
| Trade receivables | 40 | €6,135 | €16,499 | +€10,364 | +169.0% |
| Other amounts receivable | 41 | €16 | €25 | +€9 | +54.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,357 | €16,956 | -€3,401 | -16.7% |
| Deferred charges and accrued income | 490/1 | €855 | €1,094 | +€239 | +27.9% |
| Total equity and liabilities | 10/49 | €27,364 | €40,136 | +€12,772 | +46.7% |
| Equity | 10/15 | €8,946 | €15,194 | +€6,249 | +69.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €14,860 | +€6,000 | +67.7% |
| 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 | €7,000 | €13,000 | +€6,000 | +85.7% |
| Profit (loss) carried forward | 14 | -€18,514 | -€18,266 | +€249 | +1.3% |
| Amounts payable | 17/49 | €18,418 | €24,942 | +€6,524 | +35.4% |
| Amounts payable within one year | 42/48 | €18,418 | €24,942 | +€6,524 | +35.4% |
| Financial debts | 43 | €0 | €128 | +€128 | |
| Credit institutions | 430/8 | €0 | €128 | +€128 | |
| Trade debts | 44 | €106 | €58 | -€49 | -46.0% |
| Suppliers | 440/4 | €106 | €58 | -€49 | -46.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,546 | €13,148 | +€5,601 | +74.2% |
| Taxes | 450/3 | €7,546 | €13,148 | +€5,601 | +74.2% |
| Other amounts payable | 47/48 | €10,765 | €11,609 | +€843 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €131 | +€131 | |
| Other operating charges | 640/8 | €1,221 | €643 | -€579 | -47.4% |
| Gross operating margin | 9900 | €14,199 | €11,713 | -€2,486 | -17.5% |
| Operating profit (loss) | 9901 | €12,978 | €10,940 | -€2,038 | -15.7% |
| Financial income | 75/76B | €20 | €9 | -€11 | -56.2% |
| Recurring financial income | 75 | €20 | €9 | -€11 | -56.2% |
| Financial charges | 65/66B | €70 | €239 | +€169 | +242.8% |
| Recurring financial charges | 65 | €70 | €239 | +€169 | +242.8% |
| Profit (loss) for the period before taxes | 9903 | €12,929 | €10,710 | -€2,218 | -17.2% |
| Income taxes | 67/77 | €5,813 | €4,462 | -€1,351 | -23.2% |
| Profit (loss) for the period | 9904 | €7,115 | €6,249 | -€867 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,115 | €6,249 | -€867 | -12.2% |
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 11 October 2026 via checked.be.