Business Consulting Group: what changed
What changed
Business Consulting Group
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€163,653
2024 · -€197,992+€34,338
Equity
€11.9m
2024 · €12.1m-€163,653
Cash
€176,351
2024 · €609,417-€433,066
Balance sheet total
€13.2m
2024 · €13.7m-€478,737
Largest movements
Assets
- Receivables after one year +€850,000
up €850,000 (+21.9%), from €3.9m to €4.7m
- Financial fixed assets -€746,798
down €746,798 (-16.9%), from €4.4m to €3.7m
- Cash -€433,066
down €433,066 (-71.1%), from €609,417 to €176,351
mainly Receivables after one year (-€850,000) and Other debts (-€288,967)
- Tangible fixed assets -€288,745
down €288,745 (-6.2%), from €4.7m to €4.4m
of which Plant, machinery and equipment: -€188,922
Equity and liabilities
- Other debts -€288,967
down €288,967 (-54.3%), from €531,755 to €242,789
- Debts after one year +€203,192
up €203,192 (+30.7%), from €662,166 to €865,358
- Reserves -€163,653
down €163,653 (-1.4%), from €12.1m to €11.9m
of which Distributable reserves: -€149,949
Income statement
- Gross operating margin +€412,399
up €412,399, from -€208,869 to €203,530
- Provisions +€386,966
no longer reported in 2025 (was -€386,966)
- Financial income +€34,309
up €34,309 (+72.5%), from €47,342 to €81,651
of which Financial income: +€45,917
- Taxes +€19,828
up €19,828 (+12,629%), from €157 to €19,985
- Depreciation -€10,254
down €10,254 (-2.8%), from €368,224 to €357,970
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€197,992
Gross operating margin
+€412,399
Depreciation
+€10,254
Provisions
-€386,966
Other operating charges
-€6,136
Financial income
+€34,309
Financial charges
-€9,694
Taxes
-€19,828
Result 2025
-€163,653
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
+€677,573
Financing
+€56,809
Cash 2024
€609,417
From operations (derived)
-€1.2m
Net result for the year
-€163,653
Depreciation
+€357,970
Receivables after one year
-€850,000
Receivables within one year
-€95,925
Deferred charges and accrued income
-€43,947
Provisions
-€4,568
Trade debts
-€10,997
Tax, wage and social debts
-€94,382
Other debts
-€288,967
Accrued charges and deferred income
+€27,021
Investment (derived)
+€677,573
Investment in fixed assets (net)
+€677,573
Financing
+€56,809
Debts after one year
+€203,192
Current portion of long-term debt
-€132,501
Short-term financial debts
-€13,882
Cash 2025
€176,351
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,662,582 | €13,183,845 | -€478,737 | -3.5% |
| Fixed assets | 21/28 | €9,115,298 | €8,079,755 | -€1.0m | -11.4% |
| Tangible fixed assets | 22/27 | €4,687,384 | €4,398,639 | -€288,745 | -6.2% |
| Land and buildings | 22 | €3,690,931 | €3,572,678 | -€118,253 | -3.2% |
| Plant, machinery and equipment | 23 | €962,424 | €773,502 | -€188,922 | -19.6% |
| Furniture and vehicles | 24 | €34,029 | €25,960 | -€8,069 | -23.7% |
| Other tangible fixed assets | 26 | - | €26,500 | +€26,500 | |
| Financial fixed assets | 28 | €4,427,914 | €3,681,115 | -€746,798 | -16.9% |
| Current assets | 29/58 | €4,547,285 | €5,104,091 | +€556,806 | +12.2% |
| Amounts receivable after more than one year | 29 | €3,883,240 | €4,733,240 | +€850,000 | +21.9% |
| Other amounts receivable | 291 | €3,883,240 | €4,733,240 | +€850,000 | +21.9% |
| Amounts receivable within one year | 40/41 | €15,856 | €111,781 | +€95,925 | +605% |
| Trade receivables | 40 | €15,453 | €107,046 | +€91,592 | +593% |
| Other amounts receivable | 41 | €402 | €4,735 | +€4,333 | +1,077% |
| Cash at bank and in hand | 54/58 | €609,417 | €176,351 | -€433,066 | -71.1% |
| Deferred charges and accrued income | 490/1 | €38,772 | €82,719 | +€43,947 | +113% |
| Total equity and liabilities | 10/49 | €13,662,582 | €13,183,845 | -€478,737 | -3.5% |
| Equity | 10/15 | €12,072,880 | €11,909,227 | -€163,653 | -1.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €12,054,330 | €11,890,677 | -€163,653 | -1.4% |
| Tax-exempt reserves | 132 | €195,173 | €181,469 | -€13,705 | -7.0% |
| Distributable reserves | 133 | €11,859,157 | €11,709,208 | -€149,949 | -1.3% |
| Provisions and deferred taxes | 16 | €65,058 | €60,490 | -€4,568 | -7.0% |
| Deferred taxes | 168 | €65,058 | €60,490 | -€4,568 | -7.0% |
| Amounts payable | 17/49 | €1,524,644 | €1,214,129 | -€310,515 | -20.4% |
| Amounts payable after more than one year | 17 | €662,166 | €865,358 | +€203,192 | +30.7% |
| Other amounts payable | 178/9 | €662,166 | €865,358 | +€203,192 | +30.7% |
| Amounts payable within one year | 42/48 | €834,866 | €294,138 | -€540,728 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €132,501 | - | -€132,501 | |
| Financial debts | 43 | €13,882 | - | -€13,882 | |
| Credit institutions | 430/8 | €13,882 | - | -€13,882 | |
| Trade debts | 44 | €30,331 | €19,334 | -€10,997 | -36.3% |
| Suppliers | 440/4 | €30,331 | €19,334 | -€10,997 | -36.3% |
| Taxes, remuneration and social security | 45 | €126,397 | €32,015 | -€94,382 | -74.7% |
| Taxes | 450/3 | €104,920 | €32,015 | -€72,905 | -69.5% |
| Remuneration and social security | 454/9 | €21,477 | - | -€21,477 | |
| Other amounts payable | 47/48 | €531,755 | €242,789 | -€288,967 | -54.3% |
| Accrued charges and deferred income | 492/3 | €27,612 | €54,633 | +€27,021 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,224 | €357,970 | -€10,254 | -2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€386,966 | - | +€386,966 | |
| Other operating charges | 640/8 | €18,647 | €24,782 | +€6,136 | +32.9% |
| Gross operating margin | 9900 | -€208,869 | €203,530 | +€412,399 | |
| Operating profit (loss) | 9901 | -€208,773 | -€179,222 | +€29,551 | +14.2% |
| Financial income | 75/76B | €47,342 | €81,651 | +€34,309 | +72.5% |
| Recurring financial income | 75 | €35,734 | €81,651 | +€45,917 | +128% |
| Non-recurring financial income | 76B | €11,608 | - | -€11,608 | |
| Financial charges | 65/66B | €40,972 | €50,665 | +€9,694 | +23.7% |
| Recurring financial charges | 65 | €40,972 | €50,665 | +€9,694 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€202,403 | -€148,237 | +€54,166 | +26.8% |
| Transfer from deferred taxes | 780 | €4,568 | €4,568 | = | 0.0% |
| Income taxes | 67/77 | €157 | €19,985 | +€19,828 | +12,629% |
| Profit (loss) for the period | 9904 | -€197,992 | -€163,653 | +€34,338 | +17.3% |
| Transfer from tax-exempt reserves | 789 | €13,705 | €13,705 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€184,287 | -€149,949 | +€34,338 | +18.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.