BSM Consult: 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
BSM Consult
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€156,481
2024 · €514,434-€670,916
Equity
€2.9m
2024 · €3.0m-€156,481
Cash
€4,026
2024 · €4,432-€406
Balance sheet total
€4.2m
2024 · €4.3m-€100,739
Largest movements
Assets
- Tangible fixed assets -€86,587
down €86,587 (-52.1%), from €166,078 to €79,491
of which Furniture and vehicles: -€94,332
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+21,458%), from €5,012 to €1.1m
- Short-term financial debts -€813,681
down €813,681 (-97.0%), from €838,917 to €25,236
- Profit (loss) carried forward -€156,481
down €156,481 (-5.3%), from €2.9m to €2.8m
- Tax, wage and social debts -€155,635
down €155,635 (-75.6%), from €205,818 to €50,183
Income statement
- Turnover -€475,000
down €475,000 (-69.9%), from €680,000 to €205,000
- Financial income -€254,500
down €254,500 (-98.2%), from €259,069 to €4,569
- Services and other goods +€91,439
up €91,439 (+43.6%), from €209,572 to €301,011
- Taxes -€89,795
down €89,795 (-98.2%), from €91,408 to €1,613
of which Taxes: -€89,887
- Financial charges -€78,323
down €78,323 (-80.3%), from €97,568 to €19,245
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
€514,434
Turnover
-€475,000
Other operating income
-€2,136
Services and other goods
-€91,439
Depreciation
+€9,503
Other operating charges
-€1,232
Other operating items
-€24,230
Financial income
-€254,500
Financial charges
+€78,323
Taxes
+€89,795
Result 2025
-€156,481
raises the resultlowers the resultnot broken down further in the accounts
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
+€782,547
Investment
+€67,452
Financing
-€850,406
Cash 2024
€4,432
From operations (derived)
+€782,547
Net result for the year
-€156,481
Depreciation
+€19,188
Receivables within one year
+€17,864
Deferred charges and accrued income
-€4,172
Trade debts
-€13,667
Tax, wage and social debts
-€155,635
Other debts
+€1.1m
Investment (derived)
+€67,452
Investment in fixed assets (net)
+€67,452
Financing
-€850,406
Debts after one year
-€38,206
Current portion of long-term debt
+€1,481
Short-term financial debts
-€813,681
Cash 2025
€4,026
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,257,209 | €4,156,469 | -€100,739 | -2.4% |
| Formation expenses | 20 | €53 | €0 | -€53 | -100% |
| Fixed assets | 21/28 | €4,097,683 | €4,011,096 | -€86,587 | -2.1% |
| Tangible fixed assets | 22/27 | €166,078 | €79,491 | -€86,587 | -52.1% |
| Plant, machinery and equipment | 23 | - | €7,745 | +€7,745 | |
| Furniture and vehicles | 24 | €166,078 | €71,746 | -€94,332 | -56.8% |
| Financial fixed assets | 28 | €3,931,605 | €3,931,605 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,930,905 | €3,930,905 | = | 0.0% |
| Participating interests | 282 | €3,930,905 | €3,930,905 | = | 0.0% |
| Other financial fixed assets | 284/8 | €700 | €700 | = | 0.0% |
| Shares | 284 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €159,472 | €145,373 | -€14,099 | -8.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €150,069 | €132,205 | -€17,864 | -11.9% |
| Trade receivables | 40 | €149,574 | €54,450 | -€95,124 | -63.6% |
| Other amounts receivable | 41 | €495 | €77,755 | +€77,260 | +15,601% |
| Cash at bank and in hand | 54/58 | €4,432 | €4,026 | -€406 | -9.2% |
| Deferred charges and accrued income | 490/1 | €4,971 | €9,142 | +€4,172 | +83.9% |
| Total equity and liabilities | 10/49 | €4,257,209 | €4,156,469 | -€100,739 | -2.4% |
| Equity | 10/15 | €3,041,234 | €2,884,752 | -€156,481 | -5.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,941,234 | €2,784,752 | -€156,481 | -5.3% |
| Amounts payable | 17/49 | €1,215,975 | €1,271,717 | +€55,742 | +4.6% |
| Amounts payable after more than one year | 17 | €114,069 | €75,863 | -€38,206 | -33.5% |
| Financial debts | 170/4 | €114,069 | €75,863 | -€38,206 | -33.5% |
| Credit institutions | 173 | €114,069 | €75,863 | -€38,206 | -33.5% |
| Amounts payable within one year | 42/48 | €1,101,906 | €1,195,854 | +€93,949 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €36,725 | €38,206 | +€1,481 | +4.0% |
| Financial debts | 43 | €838,917 | €25,236 | -€813,681 | -97.0% |
| Credit institutions | 430/8 | €838,917 | €25,236 | -€813,681 | -97.0% |
| Trade debts | 44 | €15,435 | €1,768 | -€13,667 | -88.5% |
| Suppliers | 440/4 | €15,435 | €1,768 | -€13,667 | -88.5% |
| Taxes, remuneration and social security | 45 | €205,818 | €50,183 | -€155,635 | -75.6% |
| Taxes | 450/3 | €205,818 | €50,183 | -€155,635 | -75.6% |
| Other amounts payable | 47/48 | €5,012 | €1,080,462 | +€1.1m | +21,458% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €685,092 | €207,956 | -€477,136 | -69.6% |
| Turnover | 70 | €680,000 | €205,000 | -€475,000 | -69.9% |
| Other operating income | 74 | €5,092 | €2,956 | -€2,136 | -42.0% |
| Operating charges | 60/66A | €240,751 | €348,149 | +€107,398 | +44.6% |
| Services and other goods | 61 | €209,572 | €301,011 | +€91,439 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,691 | €19,188 | -€9,503 | -33.1% |
| Other operating charges | 640/8 | €2,489 | €3,720 | +€1,232 | +49.5% |
| Non-recurring operating charges | 66A | - | €24,230 | +€24,230 | |
| Operating profit (loss) | 9901 | €444,341 | -€140,193 | -€584,534 | |
| Financial income | 75/76B | €259,069 | €4,569 | -€254,500 | -98.2% |
| Recurring financial income | 75 | €259,069 | €4,569 | -€254,500 | -98.2% |
| Income from financial fixed assets | 750 | €259,069 | €0 | -€259,069 | -100% |
| Income from current assets | 751 | €0 | €4,569 | +€4,569 | |
| Financial charges | 65/66B | €97,568 | €19,245 | -€78,323 | -80.3% |
| Recurring financial charges | 65 | €97,568 | €19,245 | -€78,323 | -80.3% |
| Debt charges | 650 | €96,745 | €18,386 | -€78,358 | -81.0% |
| Other financial charges | 652/9 | €824 | €859 | +€35 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €605,842 | -€154,869 | -€760,711 | |
| Income taxes | 67/77 | €91,408 | €1,613 | -€89,795 | -98.2% |
| Taxes | 670/3 | €91,500 | €1,613 | -€89,887 | -98.2% |
| Tax adjustments and reversals of tax provisions | 77 | €92 | €0 | -€92 | -100% |
| Profit (loss) for the period | 9904 | €514,434 | -€156,481 | -€670,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €514,434 | -€156,481 | -€670,916 |
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 26 October 2026 via checked.be.