BRUSSELS CONSULT: what changed
Two fiscal 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.
BRUSSELS CONSULT
Largest movements
- Tangible fixed assets -€1,434
down €1,434 (-20.0%), from €7,161 to €5,727
- Trade debts -€7,265
down €7,265 (-97.9%), from €7,422 to €157
- Reserves +€4,092
up €4,092 (+13.2%), from €30,922 to €35,014
of which Distributable reserves: +€4,092
- Tax, wage and social debts +€2,137
up €2,137 (+71.1%), from €3,008 to €5,145
- Gross operating margin -€21,094
down €21,094 (-78.4%), from €26,906 to €5,812
- Financial charges -€6,481
down €6,481 (-94.3%), from €6,871 to €390
- Depreciation +€1,426
up €1,426 (+18211.6%), from €8 to €1,434
- Financial income +€1,086
up €1,086 (+53.2%), from €2,042 to €3,129
- Other operating charges +€888
new in 2025: €888
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.
Cash bridge derived
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 | €71,412 | €70,325 | -€1,087 | -1.5% |
| Fixed assets | 21/28 | €7,361 | €5,927 | -€1,434 | -19.5% |
| Tangible fixed assets | 22/27 | €7,161 | €5,727 | -€1,434 | -20.0% |
| Furniture and vehicles | 24 | €7,161 | €5,727 | -€1,434 | -20.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €64,051 | €64,397 | +€347 | +0.5% |
| Amounts receivable within one year | 40/41 | €63,390 | €64,014 | +€624 | +1.0% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €63,390 | €52,014 | -€11,376 | -17.9% |
| Cash at bank and in hand | 54/58 | €594 | €383 | -€211 | -35.5% |
| Deferred charges and accrued income | 490/1 | €66 | - | -€66 | |
| Total equity and liabilities | 10/49 | €71,412 | €70,325 | -€1,087 | -1.5% |
| Equity | 10/15 | €60,931 | €65,023 | +€4,092 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,922 | €35,014 | +€4,092 | +13.2% |
| 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 | €29,062 | €33,154 | +€4,092 | +14.1% |
| Profit (loss) carried forward | 14 | €11,409 | €11,409 | = | 0.0% |
| Amounts payable | 17/49 | €10,481 | €5,302 | -€5,179 | -49.4% |
| Amounts payable within one year | 42/48 | €10,430 | €5,302 | -€5,128 | -49.2% |
| Trade debts | 44 | €7,422 | €157 | -€7,265 | -97.9% |
| Suppliers | 440/4 | €7,422 | €157 | -€7,265 | -97.9% |
| Taxes, remuneration and social security | 45 | €3,008 | €5,145 | +€2,137 | +71.1% |
| Taxes | 450/3 | €3,008 | €5,145 | +€2,137 | +71.1% |
| Accrued charges and deferred income | 492/3 | €51 | - | -€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €1,434 | +€1,426 | +18211.6% |
| Other operating charges | 640/8 | - | €888 | +€888 | |
| Gross operating margin | 9900 | €26,906 | €5,812 | -€21,094 | -78.4% |
| Operating profit (loss) | 9901 | €26,898 | €3,490 | -€23,408 | -87.0% |
| Financial income | 75/76B | €2,042 | €3,129 | +€1,086 | +53.2% |
| Recurring financial income | 75 | €2,042 | €3,129 | +€1,086 | +53.2% |
| Financial charges | 65/66B | €6,871 | €390 | -€6,481 | -94.3% |
| Recurring financial charges | 65 | €6,871 | €390 | -€6,481 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €22,070 | €6,229 | -€15,841 | -71.8% |
| Income taxes | 67/77 | €3,008 | €2,137 | -€870 | -28.9% |
| Profit (loss) for the period | 9904 | €19,062 | €4,092 | -€14,971 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,062 | €4,092 | -€14,971 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.