Candor 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
Candor Consult
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €354,984+€904,209
Equity
€1.7m
2024 · €479,250+€1.3m
Cash
€53,226
2024 · €43,179+€10,047
Balance sheet total
€2.7m
2024 · €1.5m+€1.2m
Largest movements
Assets
- Current investments +€1.1m
up €1.1m (+2,973%), from €38,672 to €1.2m
- Tangible fixed assets +€64,780
up €64,780 (+4.8%), from €1.4m to €1.4m
of which Furniture and vehicles: +€73,268
Equity and liabilities
- Reserves +€750,000
up €750,000 (+750%), from €100,000 to €850,000
- Profit (loss) carried forward +€509,193
up €509,193 (+141%), from €360,650 to €869,842
- Debts after one year -€40,696
down €40,696 (-5.2%), from €782,246 to €741,550
Income statement
- Gross operating margin +€1.3m
up €1.3m (+220%), from €588,261 to €1.9m
- Taxes +€388,722
up €388,722 (+304%), from €127,664 to €516,386
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
€354,984
Gross operating margin
+€1.3m
Depreciation
-€14,124
Other operating charges
+€1,378
Financial income
+€12,301
Financial charges
+€334
Taxes
-€388,722
Result 2025
€1.3m
raises the resultlowers the result
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
+€1.3m
Investment
-€1.3m
Financing
-€39,890
Cash 2024
€43,179
From operations (derived)
+€1.3m
Net result for the year
+€1.3m
Depreciation
+€83,339
Smaller working-capital items
-€1,224
Deferred charges and accrued income
+€4,301
Tax, wage and social debts
+€20,566
Other debts
-€18,441
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€148,120
Current investments
-€1.1m
Financing
-€39,890
Debts after one year
-€40,696
Current portion of long-term debt
+€806
Cash 2025
€53,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,501,943 | €2,723,938 | +€1.2m | +81.4% |
| Fixed assets | 21/28 | €1,362,737 | €1,427,518 | +€64,780 | +4.8% |
| Tangible fixed assets | 22/27 | €1,362,737 | €1,427,518 | +€64,780 | +4.8% |
| Land and buildings | 22 | €1,188,902 | €1,157,211 | -€31,690 | -2.7% |
| Plant, machinery and equipment | 23 | €1,366 | €7,185 | +€5,819 | +426% |
| Furniture and vehicles | 24 | €147,771 | €221,040 | +€73,268 | +49.6% |
| Other tangible fixed assets | 26 | €11,129 | €42,082 | +€30,953 | +278% |
| Assets under construction and advance payments | 27 | €13,570 | €0 | -€13,570 | -100% |
| Current assets | 29/58 | €139,206 | €1,296,420 | +€1.2m | +831% |
| Amounts receivable within one year | 40/41 | €47,610 | €49,401 | +€1,791 | +3.8% |
| Trade receivables | 40 | €35,047 | €36,094 | +€1,048 | +3.0% |
| Other amounts receivable | 41 | €12,564 | €13,307 | +€744 | +5.9% |
| Current investments | 50/53 | €38,672 | €1,188,350 | +€1.1m | +2,973% |
| Cash at bank and in hand | 54/58 | €43,179 | €53,226 | +€10,047 | +23.3% |
| Deferred charges and accrued income | 490/1 | €9,745 | €5,444 | -€4,301 | -44.1% |
| Total equity and liabilities | 10/49 | €1,501,943 | €2,723,938 | +€1.2m | +81.4% |
| Equity | 10/15 | €479,250 | €1,738,442 | +€1.3m | +263% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,000 | €850,000 | +€750,000 | +750% |
| Distributable reserves | 133 | €100,000 | €850,000 | +€750,000 | +750% |
| Profit (loss) carried forward | 14 | €360,650 | €869,842 | +€509,193 | +141% |
| Amounts payable | 17/49 | €1,022,693 | €985,496 | -€37,198 | -3.6% |
| Amounts payable after more than one year | 17 | €782,246 | €741,550 | -€40,696 | -5.2% |
| Financial debts | 170/4 | €782,246 | €741,550 | -€40,696 | -5.2% |
| Amounts payable within one year | 42/48 | €222,843 | €224,139 | +€1,296 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €39,890 | €40,696 | +€806 | +2.0% |
| Trade debts | 44 | €12,355 | €10,719 | -€1,636 | -13.2% |
| Suppliers | 440/4 | €12,355 | €10,719 | -€1,636 | -13.2% |
| Taxes, remuneration and social security | 45 | €53,041 | €73,608 | +€20,566 | +38.8% |
| Taxes | 450/3 | €53,041 | €73,608 | +€20,566 | +38.8% |
| Other amounts payable | 47/48 | €117,557 | €99,116 | -€18,441 | -15.7% |
| Accrued charges and deferred income | 492/3 | €17,604 | €19,807 | +€2,203 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,215 | €83,339 | +€14,124 | +20.4% |
| Other operating charges | 640/8 | €4,729 | €3,351 | -€1,378 | -29.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €588,261 | €1,881,302 | +€1.3m | +220% |
| Operating profit (loss) | 9901 | €514,316 | €1,794,611 | +€1.3m | +249% |
| Financial income | 75/76B | €2,600 | €14,901 | +€12,301 | +473% |
| Recurring financial income | 75 | €2,600 | €14,901 | +€12,301 | +473% |
| Financial charges | 65/66B | €34,268 | €33,934 | -€334 | -1.0% |
| Recurring financial charges | 65 | €34,268 | €33,934 | -€334 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €482,648 | €1,775,579 | +€1.3m | +268% |
| Income taxes | 67/77 | €127,664 | €516,386 | +€388,722 | +304% |
| Profit (loss) for the period | 9904 | €354,984 | €1,259,193 | +€904,209 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €354,984 | €1,259,193 | +€904,209 | +255% |
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 17 October 2026 via checked.be.