CONSEILS-MANAGEMENT: 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.
CONSEILS-MANAGEMENT
Largest movements
- Receivables after one year +€225,749
up €225,749 (+5.7%), from €4.0m to €4.2m
- Trade debts -€122,520
down €122,520 (-97.9%), from €125,160 to €2,640
- Reserves +€121,169
up €121,169 (+7.2%), from €1.7m to €1.8m
- Debts after one year +€114,083
up €114,083 (+5.5%), from €2.1m to €2.2m
- Tax, wage and social debts +€50,582
up €50,582 (+23.4%), from €216,527 to €267,109
of which Taxes: +€49,533
- Gross operating margin -€155,309
down €155,309 (-66.4%), from €233,902 to €78,593
- Taxes -€43,144
down €43,144 (-45.4%), from €95,125 to €51,981
- Financial charges -€27,295
down €27,295 (-32.2%), from €84,803 to €57,508
- Financial income +€10,061
up €10,061 (+6.9%), from €145,602 to €155,662
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 | €4,122,879 | €4,315,115 | +€192,235 | +4.7% |
| Fixed assets | 21/28 | €598 | - | -€598 | |
| Tangible fixed assets | 22/27 | €598 | - | -€598 | |
| Furniture and vehicles | 24 | €598 | - | -€598 | |
| Current assets | 29/58 | €4,122,282 | €4,315,115 | +€192,833 | +4.7% |
| Amounts receivable after more than one year | 29 | €3,979,591 | €4,205,341 | +€225,749 | +5.7% |
| Other amounts receivable | 291 | €3,979,591 | €4,205,341 | +€225,749 | +5.7% |
| Amounts receivable within one year | 40/41 | €97,152 | €109,615 | +€12,463 | +12.8% |
| Trade receivables | 40 | €37,215 | €11,380 | -€25,836 | -69.4% |
| Other amounts receivable | 41 | €59,936 | €98,235 | +€38,299 | +63.9% |
| Cash at bank and in hand | 54/58 | €40,826 | €87 | -€40,738 | -99.8% |
| Deferred charges and accrued income | 490/1 | €4,712 | €71 | -€4,641 | -98.5% |
| Total equity and liabilities | 10/49 | €4,122,879 | €4,315,115 | +€192,235 | +4.7% |
| Equity | 10/15 | €1,693,823 | €1,814,313 | +€120,490 | +7.1% |
| Contributions | 10/11 | €18,615 | €18,615 | = | 0.0% |
| Reserves | 13 | €1,674,162 | €1,795,330 | +€121,169 | +7.2% |
| Distributable reserves | 133 | €1,674,162 | €1,795,330 | +€121,169 | +7.2% |
| Profit (loss) carried forward | 14 | €1,046 | €368 | -€679 | -64.9% |
| Amounts payable | 17/49 | €2,429,057 | €2,500,802 | +€71,746 | +3.0% |
| Amounts payable after more than one year | 17 | €2,087,369 | €2,201,452 | +€114,083 | +5.5% |
| Financial debts | 170/4 | €2,087,369 | €2,201,452 | +€114,083 | +5.5% |
| Amounts payable within one year | 42/48 | €341,687 | €299,350 | -€42,337 | -12.4% |
| Financial debts | 43 | - | €15,643 | +€15,643 | |
| Credit institutions | 430/8 | - | €15,643 | +€15,643 | |
| Trade debts | 44 | €125,160 | €2,640 | -€122,520 | -97.9% |
| Suppliers | 440/4 | €125,160 | €2,640 | -€122,520 | -97.9% |
| Taxes, remuneration and social security | 45 | €216,527 | €267,109 | +€50,582 | +23.4% |
| Taxes | 450/3 | €216,527 | €266,061 | +€49,533 | +22.9% |
| Remuneration and social security | 454/9 | - | €1,049 | +€1,049 | |
| Other amounts payable | 47/48 | - | €13,957 | +€13,957 | |
| Non-recurring operating income | 76A | €45,249 | - | -€45,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €598 | -€120 | -16.7% |
| Other operating charges | 640/8 | - | €1,098 | +€1,098 | |
| Non-recurring operating charges | 66A | - | €2,580 | +€2,580 | |
| Gross operating margin | 9900 | €233,902 | €78,593 | -€155,309 | -66.4% |
| Operating profit (loss) | 9901 | €233,184 | €74,317 | -€158,868 | -68.1% |
| Financial income | 75/76B | €145,602 | €155,662 | +€10,061 | +6.9% |
| Recurring financial income | 75 | €145,602 | €155,662 | +€10,061 | +6.9% |
| Financial charges | 65/66B | €84,803 | €57,508 | -€27,295 | -32.2% |
| Recurring financial charges | 65 | €84,803 | €57,508 | -€27,295 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €293,983 | €172,471 | -€121,512 | -41.3% |
| Income taxes | 67/77 | €95,125 | €51,981 | -€43,144 | -45.4% |
| Profit (loss) for the period | 9904 | €198,858 | €120,490 | -€78,368 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198,858 | €120,490 | -€78,368 | -39.4% |
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 6 October 2026 via checked.be.