BROKERAGE CONSILIUM: 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.
BROKERAGE CONSILIUM
Largest movements
- Financial fixed assets -€619,676
down €619,676 (-98.4%), from €629,825 to €10,149
- Deferred charges and accrued income -€155,048
no longer reported in 2025 (was €155,048)
- Receivables within one year +€136,510
up €136,510 (+193%), from €70,608 to €207,118
of which Trade receivables: +€105,252
- Tangible fixed assets +€100,481
up €100,481 (+35.9%), from €279,817 to €380,298
of which Furniture and vehicles: +€146,574
- Intangible fixed assets -€60,132
down €60,132 (-47.9%), from €125,492 to €65,361
- Profit (loss) carried forward -€304,425
down €304,425 (-2,198%), from -€13,852 to -€318,277
- Debts after one year -€298,840
down €298,840 (-42.4%), from €704,330 to €405,491
of which Financial debts: -€274,684
- Tax, wage and social debts -€122,976
down €122,976 (-69.1%), from €178,067 to €55,091
of which Remuneration and social security: -€66,530
- Other debts +€122,236
up €122,236 (+306%), from €40,000 to €162,236
- Financial charges +€489,381
up €489,381 (+939%), from €52,127 to €541,508
of which Non-recurring financial charges: +€421,827
- Gross operating margin +€392,663
up €392,663 (+77.0%), from €509,733 to €902,396
- Financial income -€105,194
down €105,194 (-85.6%), from €122,820 to €17,626
of which Non-recurring financial income: -€112,923
- Depreciation +€88,572
up €88,572 (+132%), from €67,183 to €155,755
- Taxes -€20,069
down €20,069 (-91.4%), from €21,960 to €1,891
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,388,149 | €765,730 | -€622,420 | -44.8% |
| Fixed assets | 21/28 | €1,035,134 | €455,807 | -€579,327 | -56.0% |
| Intangible fixed assets | 21 | €125,492 | €65,361 | -€60,132 | -47.9% |
| Tangible fixed assets | 22/27 | €279,817 | €380,298 | +€100,481 | +35.9% |
| Land and buildings | 22 | €278,382 | €232,289 | -€46,093 | -16.6% |
| Furniture and vehicles | 24 | €1,435 | €148,009 | +€146,574 | +10,215% |
| Financial fixed assets | 28 | €629,825 | €10,149 | -€619,676 | -98.4% |
| Current assets | 29/58 | €353,015 | €309,922 | -€43,093 | -12.2% |
| Amounts receivable after more than one year | 29 | €126,421 | €101,763 | -€24,657 | -19.5% |
| Trade receivables | 290 | €126,421 | €101,763 | -€24,657 | -19.5% |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €70,608 | €207,118 | +€136,510 | +193% |
| Trade receivables | 40 | €42,971 | €148,222 | +€105,252 | +245% |
| Other amounts receivable | 41 | €27,637 | €58,896 | +€31,259 | +113% |
| Current investments | 50/53 | €911 | €911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28 | €130 | +€102 | +362% |
| Deferred charges and accrued income | 490/1 | €155,048 | - | -€155,048 | |
| Total equity and liabilities | 10/49 | €1,388,149 | €765,730 | -€622,420 | -44.8% |
| Equity | 10/15 | €181,252 | -€123,173 | -€304,425 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,504 | €176,504 | = | 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% |
| Distributable reserves | 133 | €174,644 | €174,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,852 | -€318,277 | -€304,425 | -2,198% |
| Amounts payable | 17/49 | €1,206,897 | €888,903 | -€317,995 | -26.3% |
| Amounts payable after more than one year | 17 | €704,330 | €405,491 | -€298,840 | -42.4% |
| Financial debts | 170/4 | €646,016 | €371,332 | -€274,684 | -42.5% |
| Other amounts payable | 178/9 | €58,314 | €34,159 | -€24,155 | -41.4% |
| Amounts payable within one year | 42/48 | €495,794 | €483,412 | -€12,383 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €118,239 | €109,018 | -€9,221 | -7.8% |
| Financial debts | 43 | €47,241 | €48,906 | +€1,665 | +3.5% |
| Credit institutions | 430/8 | €47,241 | €48,906 | +€1,665 | +3.5% |
| Trade debts | 44 | €112,247 | €108,161 | -€4,086 | -3.6% |
| Suppliers | 440/4 | €112,247 | €108,161 | -€4,086 | -3.6% |
| Taxes, remuneration and social security | 45 | €178,067 | €55,091 | -€122,976 | -69.1% |
| Taxes | 450/3 | €59,610 | €3,164 | -€56,446 | -94.7% |
| Remuneration and social security | 454/9 | €118,457 | €51,927 | -€66,530 | -56.2% |
| Other amounts payable | 47/48 | €40,000 | €162,236 | +€122,236 | +306% |
| Accrued charges and deferred income | 492/3 | €6,773 | - | -€6,773 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €486,779 | €496,451 | +€9,672 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,183 | €155,755 | +€88,572 | +132% |
| Other operating charges | 640/8 | €11,849 | €28,842 | +€16,993 | +143% |
| Non-recurring operating charges | 66A | €7,245 | - | -€7,245 | |
| Gross operating margin | 9900 | €509,733 | €902,396 | +€392,663 | +77.0% |
| Operating profit (loss) | 9901 | -€63,323 | €221,348 | +€284,671 | |
| Financial income | 75/76B | €122,820 | €17,626 | -€105,194 | -85.6% |
| Recurring financial income | 75 | €3,320 | €11,049 | +€7,729 | +233% |
| Non-recurring financial income | 76B | €119,500 | €6,577 | -€112,923 | -94.5% |
| Financial charges | 65/66B | €52,127 | €541,508 | +€489,381 | +939% |
| Recurring financial charges | 65 | €52,127 | €119,681 | +€67,554 | +130% |
| Non-recurring financial charges | 66B | - | €421,827 | +€421,827 | |
| Profit (loss) for the period before taxes | 9903 | €7,370 | -€302,534 | -€309,904 | |
| Income taxes | 67/77 | €21,960 | €1,891 | -€20,069 | -91.4% |
| Profit (loss) for the period | 9904 | -€14,590 | -€304,425 | -€289,835 | -1,987% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,590 | -€304,425 | -€289,835 | -1,987% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.