Brad Davidson Consulting: 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.
Brad Davidson Consulting
Largest movements
- Tangible fixed assets -€15,999
down €15,999 (-35.3%), from €45,266 to €29,267
of which Furniture and vehicles: -€15,639
- Cash -€4,491
down €4,491 (-11.9%), from €37,717 to €33,225
mainly Contributions, distributions and other (-€100,068) and Investment in fixed assets (net) (-€3,303)
- Reserves -€100,068
down €100,068 (-39.3%), from €254,486 to €154,418
- Profit (loss) carried forward +€34,762
up €34,762 (+87.2%), from -€39,847 to -€5,085
- Tax, wage and social debts +€21,655
new in 2025: €21,655
of which Taxes: +€18,155
- Other debts +€17,262
up €17,262 (+12.1%), from €143,034 to €160,296
- Gross operating margin +€82,223
up €82,223, from -€25,094 to €57,130
- Financial income -€3,789
down €3,789 (-37.4%), from €10,136 to €6,347
- Taxes +€3,549
up €3,549 (+2,008%), from €177 to €3,726
- Other operating charges -€2,427
down €2,427 (-40.9%), from €5,928 to €3,501
- Financial charges +€2,065
up €2,065 (+1,699%), from €122 to €2,186
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 | €377,409 | €353,521 | -€23,889 | -6.3% |
| Fixed assets | 21/28 | €45,266 | €29,267 | -€15,999 | -35.3% |
| Tangible fixed assets | 22/27 | €45,266 | €29,267 | -€15,999 | -35.3% |
| Plant, machinery and equipment | 23 | €2,960 | €2,600 | -€360 | -12.1% |
| Furniture and vehicles | 24 | €42,306 | €26,667 | -€15,639 | -37.0% |
| Current assets | 29/58 | €332,144 | €324,254 | -€7,890 | -2.4% |
| Amounts receivable within one year | 40/41 | €14,796 | €13,358 | -€1,439 | -9.7% |
| Trade receivables | 40 | €10,600 | €13,200 | +€2,600 | +24.5% |
| Other amounts receivable | 41 | €4,196 | €158 | -€4,039 | -96.2% |
| Current investments | 50/53 | €267,728 | €265,924 | -€1,805 | -0.7% |
| Cash at bank and in hand | 54/58 | €37,717 | €33,225 | -€4,491 | -11.9% |
| Deferred charges and accrued income | 490/1 | €11,903 | €11,748 | -€155 | -1.3% |
| Total equity and liabilities | 10/49 | €377,409 | €353,521 | -€23,889 | -6.3% |
| Equity | 10/15 | €233,239 | €167,933 | -€65,306 | -28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €254,486 | €154,418 | -€100,068 | -39.3% |
| Distributable reserves | 133 | €254,486 | €154,418 | -€100,068 | -39.3% |
| Profit (loss) carried forward | 14 | -€39,847 | -€5,085 | +€34,762 | +87.2% |
| Amounts payable | 17/49 | €144,170 | €185,587 | +€41,417 | +28.7% |
| Amounts payable within one year | 42/48 | €143,638 | €182,278 | +€38,639 | +26.9% |
| Trade debts | 44 | €604 | €326 | -€277 | -45.9% |
| Suppliers | 440/4 | €604 | €326 | -€277 | -45.9% |
| Taxes, remuneration and social security | 45 | - | €21,655 | +€21,655 | |
| Taxes | 450/3 | - | €18,155 | +€18,155 | |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €143,034 | €160,296 | +€17,262 | +12.1% |
| Accrued charges and deferred income | 492/3 | €532 | €3,310 | +€2,778 | +522% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,663 | €19,302 | +€639 | +3.4% |
| Other operating charges | 640/8 | €5,928 | €3,501 | -€2,427 | -40.9% |
| Gross operating margin | 9900 | -€25,094 | €57,130 | +€82,223 | |
| Operating profit (loss) | 9901 | -€49,685 | €34,327 | +€84,012 | |
| Financial income | 75/76B | €10,136 | €6,347 | -€3,789 | -37.4% |
| Recurring financial income | 75 | €10,136 | €6,347 | -€3,789 | -37.4% |
| Financial charges | 65/66B | €122 | €2,186 | +€2,065 | +1,699% |
| Recurring financial charges | 65 | €122 | €2,186 | +€2,065 | +1,699% |
| Profit (loss) for the period before taxes | 9903 | -€39,670 | €38,488 | +€78,158 | |
| Income taxes | 67/77 | €177 | €3,726 | +€3,549 | +2,008% |
| Profit (loss) for the period | 9904 | -€39,847 | €34,762 | +€74,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,847 | €34,762 | +€74,609 |
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 31 October 2026 via checked.be.