BIG FRIEND: 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.
What changed
BIG FRIEND
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,940
2024 · -€9,109-€23,830
Equity
€4.0m
2024 · €4.0m-€32,940
Cash
€18,419
2024 · €18,236+€183
Balance sheet total
€5.1m
2024 · €5.1m-€10,585
Largest movements
Assets
- Receivables after one year +€549,767
new in 2025: €549,767
- Receivables within one year -€457,711
down €457,711 (-40.6%), from €1.1m to €671,011
of which Other amounts receivable: -€569,713
- Tangible fixed assets -€114,538
down €114,538 (-9.9%), from €1.2m to €1.0m
of which Land and buildings: -€114,080
Equity and liabilities
- Debts after one year +€939,970
up €939,970 (+80,193%), from €1,172 to €941,142
- Other debts -€850,481
no longer reported in 2025 (was €850,481)
- Trade debts -€65,291
down €65,291 (-81.0%), from €80,622 to €15,331
Income statement
- Gross operating margin -€86,542
down €86,542 (-93.2%), from €92,895 to €6,353
- Taxes -€71,573
down €71,573 (-97.8%), from €73,193 to €1,620
- Financial income -€57,726
down €57,726 (-71.1%), from €81,151 to €23,426
of which Financial income: -€57,726
- Other operating charges -€27,071
down €27,071 (-81.8%), from €33,080 to €6,009
- Financial charges -€18,872
down €18,872 (-76.5%), from €24,664 to €5,791
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.
Result 2024
-€9,109
Gross operating margin
-€86,542
Depreciation
+€2,921
Other operating charges
+€27,071
Financial income
-€57,726
Financial charges
+€18,872
Taxes
+€71,573
Result 2025
-€32,940
raises the resultlowers the result
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.
From operations
-€990,240
Investment
+€48,523
Financing
+€941,900
Cash 2024
€18,236
From operations (derived)
-€990,240
Net result for the year
-€32,940
Depreciation
+€51,131
Receivables after one year
-€549,767
Smaller working-capital items
-€3,932
Receivables within one year
+€457,711
Deferred charges and accrued income
+€3,330
Trade debts
-€65,291
Other debts
-€850,481
Investment (derived)
+€48,523
Investment in fixed assets (net)
+€48,407
Current investments
+€116
Financing
+€941,900
Debts after one year
+€939,970
Short-term financial debts
+€1,930
Cash 2025
€18,419
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,092,549 | €5,081,964 | -€10,585 | -0.2% |
| Fixed assets | 21/28 | €3,503,658 | €3,404,121 | -€99,538 | -2.8% |
| Tangible fixed assets | 22/27 | €1,157,151 | €1,042,614 | -€114,538 | -9.9% |
| Land and buildings | 22 | €1,155,478 | €1,041,398 | -€114,080 | -9.9% |
| Furniture and vehicles | 24 | €1,673 | €1,216 | -€457 | -27.3% |
| Financial fixed assets | 28 | €2,346,507 | €2,361,507 | +€15,000 | +0.6% |
| Current assets | 29/58 | €1,588,890 | €1,677,843 | +€88,953 | +5.6% |
| Amounts receivable after more than one year | 29 | - | €549,767 | +€549,767 | |
| Other amounts receivable | 291 | - | €549,767 | +€549,767 | |
| Stocks and contracts in progress | 3 | €425,376 | €425,535 | +€160 | 0.0% |
| Stocks | 30/36 | €425,376 | €425,535 | +€160 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,128,722 | €671,011 | -€457,711 | -40.6% |
| Trade receivables | 40 | €101,513 | €213,515 | +€112,002 | +110% |
| Other amounts receivable | 41 | €1,027,209 | €457,496 | -€569,713 | -55.5% |
| Current investments | 50/53 | €1,004 | €889 | -€116 | -11.5% |
| Cash at bank and in hand | 54/58 | €18,236 | €18,419 | +€183 | +1.0% |
| Deferred charges and accrued income | 490/1 | €15,553 | €12,222 | -€3,330 | -21.4% |
| Total equity and liabilities | 10/49 | €5,092,549 | €5,081,964 | -€10,585 | -0.2% |
| Equity | 10/15 | €3,984,368 | €3,951,428 | -€32,940 | -0.8% |
| Contributions | 10/11 | €912,000 | €912,000 | = | 0.0% |
| Capital | 10 | €912,000 | €912,000 | = | 0.0% |
| Issued capital | 100 | €912,000 | €912,000 | = | 0.0% |
| Reserves | 13 | €3,078,727 | €3,075,977 | -€2,750 | -0.1% |
| Non-distributable reserves | 130/1 | €91,200 | €91,200 | = | 0.0% |
| Legal reserve | 130 | €91,200 | €91,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,166 | €28,416 | -€2,750 | -8.8% |
| Distributable reserves | 133 | €2,956,361 | €2,956,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,359 | -€36,549 | -€30,190 | -475% |
| Provisions and deferred taxes | 16 | €20,777 | €18,944 | -€1,833 | -8.8% |
| Deferred taxes | 168 | €20,777 | €18,944 | -€1,833 | -8.8% |
| Amounts payable | 17/49 | €1,087,403 | €1,111,592 | +€24,188 | +2.2% |
| Amounts payable after more than one year | 17 | €1,172 | €941,142 | +€939,970 | +80,193% |
| Other amounts payable | 178/9 | €1,172 | €941,142 | +€939,970 | +80,193% |
| Amounts payable within one year | 42/48 | €1,086,231 | €170,449 | -€915,782 | -84.3% |
| Financial debts | 43 | €150,979 | €152,908 | +€1,930 | +1.3% |
| Credit institutions | 430/8 | €150,979 | €152,908 | +€1,930 | +1.3% |
| Trade debts | 44 | €80,622 | €15,331 | -€65,291 | -81.0% |
| Suppliers | 440/4 | €80,622 | €15,331 | -€65,291 | -81.0% |
| Taxes, remuneration and social security | 45 | €4,149 | €2,210 | -€1,939 | -46.7% |
| Taxes | 450/3 | €4,149 | €2,210 | -€1,939 | -46.7% |
| Other amounts payable | 47/48 | €850,481 | - | -€850,481 | |
| Non-recurring operating income | 76A | - | €70,687 | +€70,687 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,052 | €51,131 | -€2,921 | -5.4% |
| Other operating charges | 640/8 | €33,080 | €6,009 | -€27,071 | -81.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €92,895 | €6,353 | -€86,542 | -93.2% |
| Operating profit (loss) | 9901 | €5,763 | -€50,787 | -€56,550 | |
| Financial income | 75/76B | €81,151 | €23,426 | -€57,726 | -71.1% |
| Recurring financial income | 75 | €81,151 | €23,426 | -€57,726 | -71.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €24,664 | €5,791 | -€18,872 | -76.5% |
| Recurring financial charges | 65 | €24,664 | €5,791 | -€18,872 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €62,250 | -€33,153 | -€95,403 | |
| Transfer from deferred taxes | 780 | €1,833 | €1,833 | +€0 | 0.0% |
| Income taxes | 67/77 | €73,193 | €1,620 | -€71,573 | -97.8% |
| Profit (loss) for the period | 9904 | -€9,109 | -€32,940 | -€23,830 | -262% |
| Transfer from tax-exempt reserves | 789 | €2,750 | €2,750 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,359 | -€30,190 | -€23,830 | -375% |
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 1 November 2026 via checked.be.