BILATERAL CONSULTING & DEVELOPMENT: 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.
BILATERAL CONSULTING & DEVELOPMENT
Largest movements
- Receivables after one year -€47,000
down €47,000 (-49.0%), from €96,000 to €49,000
- Receivables within one year +€22,523
up €22,523 (+106%), from €21,189 to €43,712
of which Trade receivables: +€14,646
- Cash +€16,067
up €16,067 (+273%), from €5,874 to €21,941
mainly Receivables after one year (+€47,000) and Debts after one year (+€46,790)
- Reserves -€65,443
down €65,443 (-97.2%), from €67,303 to €1,860
of which Distributable reserves: -€65,443
- Debts after one year +€46,790
up €46,790 (+21.1%), from €221,651 to €268,441
- Profit (loss) carried forward +€21,788
new in 2025: €21,788
- Tax, wage and social debts -€13,372
down €13,372 (-15.6%), from €85,910 to €72,538
- Current portion of long-term debt +€8,940
up €8,940 (+36.5%), from €24,499 to €33,439
- Gross operating margin -€49,845
down €49,845 (-45.0%), from €110,885 to €61,040
- Taxes -€11,020
down €11,020 (-44.1%), from €25,004 to €13,984
- Financial income -€1,396
down €1,396 (-49.1%), from €2,842 to €1,446
- Depreciation +€1,327
up €1,327 (+8.4%), from €15,875 to €17,202
- Other operating charges +€1,236
up €1,236 (+74.3%), from €1,664 to €2,900
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 | €500,313 | €490,719 | -€9,594 | -1.9% |
| Fixed assets | 21/28 | €361,572 | €361,897 | +€325 | +0.1% |
| Tangible fixed assets | 22/27 | €293,967 | €294,292 | +€325 | +0.1% |
| Land and buildings | 22 | €277,591 | €268,349 | -€9,242 | -3.3% |
| Plant, machinery and equipment | 23 | €4,286 | €6,189 | +€1,904 | +44.4% |
| Furniture and vehicles | 24 | €10,237 | €8,437 | -€1,801 | -17.6% |
| Other tangible fixed assets | 26 | €1,853 | €11,317 | +€9,463 | +511% |
| Financial fixed assets | 28 | €67,605 | €67,605 | = | 0.0% |
| Current assets | 29/58 | €138,741 | €128,822 | -€9,919 | -7.1% |
| Amounts receivable after more than one year | 29 | €96,000 | €49,000 | -€47,000 | -49.0% |
| Other amounts receivable | 291 | €96,000 | €49,000 | -€47,000 | -49.0% |
| Stocks and contracts in progress | 3 | €9,894 | €9,894 | = | 0.0% |
| Stocks | 30/36 | €9,894 | €9,894 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,189 | €43,712 | +€22,523 | +106% |
| Trade receivables | 40 | €1,609 | €16,256 | +€14,646 | +910% |
| Other amounts receivable | 41 | €19,580 | €27,457 | +€7,877 | +40.2% |
| Cash at bank and in hand | 54/58 | €5,874 | €21,941 | +€16,067 | +273% |
| Deferred charges and accrued income | 490/1 | €5,784 | €4,275 | -€1,509 | -26.1% |
| Total equity and liabilities | 10/49 | €500,313 | €490,719 | -€9,594 | -1.9% |
| Equity | 10/15 | €85,903 | €42,248 | -€43,655 | -50.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,303 | €1,860 | -€65,443 | -97.2% |
| 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 | €65,443 | - | -€65,443 | |
| Profit (loss) carried forward | 14 | - | €21,788 | +€21,788 | |
| Amounts payable | 17/49 | €414,410 | €448,471 | +€34,062 | +8.2% |
| Amounts payable after more than one year | 17 | €221,651 | €268,441 | +€46,790 | +21.1% |
| Financial debts | 170/4 | €221,651 | €268,441 | +€46,790 | +21.1% |
| Amounts payable within one year | 42/48 | €192,758 | €180,030 | -€12,728 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €24,499 | €33,439 | +€8,940 | +36.5% |
| Trade debts | 44 | €24,840 | €17,588 | -€7,252 | -29.2% |
| Suppliers | 440/4 | €24,840 | €17,588 | -€7,252 | -29.2% |
| Taxes, remuneration and social security | 45 | €85,910 | €72,538 | -€13,372 | -15.6% |
| Taxes | 450/3 | €85,910 | €72,538 | -€13,372 | -15.6% |
| Other amounts payable | 47/48 | €57,509 | €56,465 | -€1,045 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,875 | €17,202 | +€1,327 | +8.4% |
| Other operating charges | 640/8 | €1,664 | €2,900 | +€1,236 | +74.3% |
| Gross operating margin | 9900 | €110,885 | €61,040 | -€49,845 | -45.0% |
| Operating profit (loss) | 9901 | €93,346 | €40,938 | -€52,408 | -56.1% |
| Financial income | 75/76B | €2,842 | €1,446 | -€1,396 | -49.1% |
| Recurring financial income | 75 | €2,842 | €1,446 | -€1,396 | -49.1% |
| Financial charges | 65/66B | €5,741 | €6,613 | +€872 | +15.2% |
| Recurring financial charges | 65 | €5,741 | €6,613 | +€872 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €90,447 | €35,771 | -€54,676 | -60.5% |
| Income taxes | 67/77 | €25,004 | €13,984 | -€11,020 | -44.1% |
| Profit (loss) for the period | 9904 | €65,443 | €21,788 | -€43,655 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,443 | €21,788 | -€43,655 | -66.7% |
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 21 October 2026 via checked.be.