Benoît Strowel 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.
Benoît Strowel Consult
Largest movements
- Current investments -€392,680
no longer reported in 2025 (was €392,680)
- Receivables within one year +€299,733
up €299,733 (+50.3%), from €595,732 to €895,465
of which Other amounts receivable: +€246,864
- Cash -€162,634
down €162,634 (-78.4%), from €207,560 to €44,926
mainly Contributions, distributions and other (-€1.6m) and Receivables within one year (-€299,733)
- Financial fixed assets +€70,928
up €70,928 (+27.0%), from €262,716 to €333,644
- Tangible fixed assets -€33,991
down €33,991 (-10.6%), from €320,495 to €286,504
of which Furniture and vehicles: -€32,771
- Profit (loss) carried forward -€707,948
down €707,948 (-95.8%), from €739,113 to €31,166
- Other debts +€282,600
up €282,600 (+28.4%), from €994,690 to €1.3m
- Tax, wage and social debts +€207,048
up €207,048 (+537%), from €38,585 to €245,633
of which Taxes: +€207,448
- Financial income +€111,630
up €111,630 (+2,053%), from €5,438 to €117,068
- Gross operating margin +€104,952
up €104,952 (+10.6%), from €988,833 to €1.1m
- Taxes +€67,405
up €67,405 (+31.0%), from €217,699 to €285,105
- Depreciation +€13,813
up €13,813 (+59.2%), from €23,328 to €37,141
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 | €1,814,322 | €1,596,834 | -€217,488 | -12.0% |
| Fixed assets | 21/28 | €583,211 | €620,148 | +€36,937 | +6.3% |
| Tangible fixed assets | 22/27 | €320,495 | €286,504 | -€33,991 | -10.6% |
| Plant, machinery and equipment | 23 | €159,268 | €159,268 | = | 0.0% |
| Furniture and vehicles | 24 | €137,479 | €104,708 | -€32,771 | -23.8% |
| Other tangible fixed assets | 26 | €23,748 | €22,528 | -€1,220 | -5.1% |
| Financial fixed assets | 28 | €262,716 | €333,644 | +€70,928 | +27.0% |
| Current assets | 29/58 | €1,231,111 | €976,686 | -€254,425 | -20.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €595,732 | €895,465 | +€299,733 | +50.3% |
| Trade receivables | 40 | €142,775 | €195,645 | +€52,870 | +37.0% |
| Other amounts receivable | 41 | €452,957 | €699,821 | +€246,864 | +54.5% |
| Current investments | 50/53 | €392,680 | - | -€392,680 | |
| Cash at bank and in hand | 54/58 | €207,560 | €44,926 | -€162,634 | -78.4% |
| Deferred charges and accrued income | 490/1 | €5,139 | €6,295 | +€1,156 | +22.5% |
| Total equity and liabilities | 10/49 | €1,814,322 | €1,596,834 | -€217,488 | -12.0% |
| Equity | 10/15 | €759,573 | €51,626 | -€707,948 | -93.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €739,113 | €31,166 | -€707,948 | -95.8% |
| Amounts payable | 17/49 | €1,054,749 | €1,545,208 | +€490,459 | +46.5% |
| Amounts payable within one year | 42/48 | €1,054,749 | €1,545,208 | +€490,459 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €19,053 | €16,939 | -€2,115 | -11.1% |
| Financial debts | 43 | €815 | €815 | = | 0.0% |
| Credit institutions | 430/8 | €815 | €815 | = | 0.0% |
| Trade debts | 44 | €1,604 | €4,531 | +€2,927 | +182% |
| Suppliers | 440/4 | €1,604 | €4,531 | +€2,927 | +182% |
| Taxes, remuneration and social security | 45 | €38,585 | €245,633 | +€207,048 | +537% |
| Taxes | 450/3 | €38,185 | €245,633 | +€207,448 | +543% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Other amounts payable | 47/48 | €994,690 | €1,277,290 | +€282,600 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,328 | €37,141 | +€13,813 | +59.2% |
| Other operating charges | 640/8 | €7,876 | €2,568 | -€5,308 | -67.4% |
| Gross operating margin | 9900 | €988,833 | €1,093,784 | +€104,952 | +10.6% |
| Operating profit (loss) | 9901 | €957,628 | €1,054,075 | +€96,447 | +10.1% |
| Financial income | 75/76B | €5,438 | €117,068 | +€111,630 | +2,053% |
| Recurring financial income | 75 | €5,438 | €117,068 | +€111,630 | +2,053% |
| Financial charges | 65/66B | €6,905 | €4,986 | -€1,919 | -27.8% |
| Recurring financial charges | 65 | €6,905 | €4,986 | -€1,919 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €956,160 | €1,166,157 | +€209,997 | +22.0% |
| Income taxes | 67/77 | €217,699 | €285,105 | +€67,405 | +31.0% |
| Profit (loss) for the period | 9904 | €738,461 | €881,052 | +€142,591 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €738,461 | €881,052 | +€142,591 | +19.3% |
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 19 October 2026 via checked.be.