CLASS-BUSINESS: 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
CLASS-BUSINESS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,062
2024 · -€15,429+€12,367
Equity
€5.1m
2024 · €5.1m-€3,062
Cash
€361,430
2024 · €131,190+€230,240
Balance sheet total
€10.4m
2024 · €9.2m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+22.7%), from €5.2m to €6.4m
of which Land and buildings: +€1.2m
- Cash +€230,240
up €230,240 (+176%), from €131,190 to €361,430
mainly Debts after one year (+€862,916) and Other debts (+€304,215)
- Receivables within one year -€208,061
down €208,061 (-14.9%), from €1.4m to €1.2m
of which Other amounts receivable: -€324,350
Equity and liabilities
- Debts after one year +€862,916
up €862,916 (+40.4%), from €2.1m to €3.0m
- Other debts +€304,215
up €304,215 (+22.0%), from €1.4m to €1.7m
Income statement
- Financial income -€50,857
down €50,857 (-69.7%), from €72,940 to €22,083
- Financial charges -€33,978
down €33,978 (-19.9%), from €170,959 to €136,981
- Gross operating margin +€20,022
up €20,022 (+6.1%), from €327,751 to €347,773
- Staff costs -€19,362
down €19,362 (-14.2%), from €135,896 to €116,534
- Depreciation +€13,123
up €13,123 (+12.2%), from €107,276 to €120,399
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
-€15,429
Gross operating margin
+€20,022
Staff costs
+€19,362
Depreciation
-€13,123
Other operating charges
+€1,441
Financial income
-€50,857
Financial charges
+€33,978
Taxes
-€759
Deferred taxes and other
+€2,304
Result 2025
-€3,062
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
+€651,172
Investment
-€1.3m
Financing
+€882,861
Cash 2024
€131,190
From operations (derived)
+€651,172
Net result for the year
-€3,062
Depreciation
+€120,399
Receivables within one year
+€208,061
Deferred charges and accrued income
+€2,719
Provisions
-€5,132
Trade debts
+€6,006
Tax, wage and social debts
+€17,966
Other debts
+€304,215
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€882,861
Debts after one year
+€862,916
Current portion of long-term debt
+€32,425
Short-term financial debts
-€12,480
Cash 2025
€361,430
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,216,886 | €10,419,740 | +€1.2m | +13.1% |
| Fixed assets | 21/28 | €7,525,144 | €8,708,538 | +€1.2m | +15.7% |
| Tangible fixed assets | 22/27 | €5,211,940 | €6,395,334 | +€1.2m | +22.7% |
| Land and buildings | 22 | €5,199,640 | €6,385,761 | +€1.2m | +22.8% |
| Furniture and vehicles | 24 | €10,000 | €7,273 | -€2,727 | -27.3% |
| Assets under construction and advance payments | 27 | €2,300 | €2,300 | = | 0.0% |
| Financial fixed assets | 28 | €2,313,204 | €2,313,204 | = | 0.0% |
| Current assets | 29/58 | €1,691,742 | €1,711,202 | +€19,460 | +1.2% |
| Amounts receivable within one year | 40/41 | €1,397,323 | €1,189,262 | -€208,061 | -14.9% |
| Trade receivables | 40 | €324,664 | €440,953 | +€116,289 | +35.8% |
| Other amounts receivable | 41 | €1,072,659 | €748,309 | -€324,350 | -30.2% |
| Cash at bank and in hand | 54/58 | €131,190 | €361,430 | +€230,240 | +176% |
| Deferred charges and accrued income | 490/1 | €163,229 | €160,510 | -€2,719 | -1.7% |
| Total equity and liabilities | 10/49 | €9,216,886 | €10,419,740 | +€1.2m | +13.1% |
| Equity | 10/15 | €5,061,879 | €5,058,817 | -€3,062 | -0.1% |
| Contributions | 10/11 | €868,600 | €868,600 | = | 0.0% |
| Revaluation surpluses | 12 | €3,619,415 | €3,619,415 | = | 0.0% |
| Reserves | 13 | €557,693 | €545,289 | -€12,404 | -2.2% |
| Non-distributable reserves | 130/1 | €7,369 | €7,369 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,369 | €7,369 | = | 0.0% |
| Tax-exempt reserves | 132 | €550,325 | €537,920 | -€12,404 | -2.3% |
| Profit (loss) carried forward | 14 | €16,171 | €25,513 | +€9,342 | +57.8% |
| Provisions and deferred taxes | 16 | €205,711 | €200,579 | -€5,132 | -2.5% |
| Deferred taxes | 168 | €205,711 | €200,579 | -€5,132 | -2.5% |
| Amounts payable | 17/49 | €3,949,297 | €5,160,345 | +€1.2m | +30.7% |
| Amounts payable after more than one year | 17 | €2,136,237 | €2,999,153 | +€862,916 | +40.4% |
| Financial debts | 170/4 | €2,136,237 | €2,999,153 | +€862,916 | +40.4% |
| Amounts payable within one year | 42/48 | €1,813,059 | €2,161,191 | +€348,132 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €178,814 | €211,239 | +€32,425 | +18.1% |
| Financial debts | 43 | €59,901 | €47,421 | -€12,480 | -20.8% |
| Credit institutions | 430/8 | €59,901 | €47,421 | -€12,480 | -20.8% |
| Trade debts | 44 | €174,955 | €180,961 | +€6,006 | +3.4% |
| Suppliers | 440/4 | €174,955 | €180,961 | +€6,006 | +3.4% |
| Taxes, remuneration and social security | 45 | €15,733 | €33,699 | +€17,966 | +114% |
| Taxes | 450/3 | €656 | €1,289 | +€633 | +96.4% |
| Remuneration and social security | 454/9 | €15,077 | €32,410 | +€17,333 | +115% |
| Other amounts payable | 47/48 | €1,383,656 | €1,687,871 | +€304,215 | +22.0% |
| Remuneration, social security and pensions | 62 | €135,896 | €116,534 | -€19,362 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,276 | €120,399 | +€13,123 | +12.2% |
| Other operating charges | 640/8 | €4,817 | €3,376 | -€1,441 | -29.9% |
| Gross operating margin | 9900 | €327,751 | €347,773 | +€20,022 | +6.1% |
| Operating profit (loss) | 9901 | €79,762 | €107,463 | +€27,701 | +34.7% |
| Financial income | 75/76B | €72,940 | €22,083 | -€50,857 | -69.7% |
| Recurring financial income | 75 | €72,940 | €22,083 | -€50,857 | -69.7% |
| Financial charges | 65/66B | €170,959 | €136,981 | -€33,978 | -19.9% |
| Recurring financial charges | 65 | €170,959 | €136,981 | -€33,978 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,257 | -€7,435 | +€10,822 | +59.3% |
| Transfer from deferred taxes | 780 | €2,827 | €5,132 | +€2,304 | +81.5% |
| Income taxes | 67/77 | - | €759 | +€759 | |
| Profit (loss) for the period | 9904 | -€15,429 | -€3,062 | +€12,367 | +80.2% |
| Transfer from tax-exempt reserves | 789 | €5,491 | €12,404 | +€6,913 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,938 | €9,342 | +€19,281 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.