CONSULACE: what changed
What changed
CONSULACE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€278,721
2024 · €284,027-€5,306
Equity
€250,464
2024 · €256,743-€6,279
Cash
€53,546
2024 · €46,992+€6,555
Balance sheet total
€866,955
2024 · €783,415+€83,541
Largest movements
Assets
- Receivables within one year +€70,222
up €70,222 (+18.4%), from €380,704 to €450,925
of which Other amounts receivable: +€121,397
- Current investments +€10,492
up €10,492 (+3.1%), from €341,632 to €352,124
Equity and liabilities
- Other debts +€82,731
up €82,731 (+17.5%), from €472,849 to €555,580
Income statement
- Gross operating margin -€14,808
down €14,808 (-5.1%), from €292,407 to €277,599
- Taxes -€6,751
down €6,751 (-34.1%), from €19,804 to €13,053
- Financial income +€4,428
up €4,428 (+15.8%), from €28,069 to €32,497
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
€284,027
Gross operating margin
-€14,808
Staff costs
-€0
Depreciation
+€159
Other operating charges
-€126
Financial income
+€4,428
Financial charges
-€1,710
Taxes
+€6,751
Result 2025
€278,721
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
+€302,046
Investment
-€10,492
Financing
-€285,000
Cash 2024
€46,992
From operations (derived)
+€302,046
Net result for the year
+€278,721
Depreciation
+€3,728
Receivables within one year
-€70,222
Trade debts
+€4,429
Tax, wage and social debts
+€326
Other debts
+€82,731
Accrued charges and deferred income
+€2,333
Investment (derived)
-€10,492
Current investments
-€10,492
Financing
-€285,000
Contributions, distributions and other
-€285,000
Cash 2025
€53,546
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €783,415 | €866,955 | +€83,541 | +10.7% |
| Fixed assets | 21/28 | €9,506 | €5,779 | -€3,728 | -39.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,506 | €5,779 | -€3,728 | -39.2% |
| Plant, machinery and equipment | 23 | €1,073 | €190 | -€883 | -82.3% |
| Furniture and vehicles | 24 | €8,434 | €5,589 | -€2,844 | -33.7% |
| Current assets | 29/58 | €773,908 | €861,177 | +€87,268 | +11.3% |
| Amounts receivable within one year | 40/41 | €380,704 | €450,925 | +€70,222 | +18.4% |
| Trade receivables | 40 | €247,196 | €196,020 | -€51,176 | -20.7% |
| Other amounts receivable | 41 | €133,508 | €254,905 | +€121,397 | +90.9% |
| Current investments | 50/53 | €341,632 | €352,124 | +€10,492 | +3.1% |
| Cash at bank and in hand | 54/58 | €46,992 | €53,546 | +€6,555 | +13.9% |
| Deferred charges and accrued income | 490/1 | €4,581 | €4,581 | = | 0.0% |
| Total equity and liabilities | 10/49 | €783,415 | €866,955 | +€83,541 | +10.7% |
| Equity | 10/15 | €256,743 | €250,464 | -€6,279 | -2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €236,176 | €230,446 | -€5,730 | -2.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,041 | €122,311 | -€54,730 | -30.9% |
| Distributable reserves | 133 | €57,135 | €106,135 | +€49,000 | +85.8% |
| Profit (loss) carried forward | 14 | €566 | €18 | -€549 | -96.9% |
| Amounts payable | 17/49 | €526,672 | €616,492 | +€89,819 | +17.1% |
| Amounts payable within one year | 42/48 | €513,921 | €601,407 | +€87,486 | +17.0% |
| Trade debts | 44 | €2,030 | €6,459 | +€4,429 | +218% |
| Suppliers | 440/4 | €2,030 | €6,459 | +€4,429 | +218% |
| Taxes, remuneration and social security | 45 | €39,042 | €39,368 | +€326 | +0.8% |
| Taxes | 450/3 | €39,042 | €39,368 | +€326 | +0.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €472,849 | €555,580 | +€82,731 | +17.5% |
| Accrued charges and deferred income | 492/3 | €12,752 | €15,085 | +€2,333 | +18.3% |
| Remuneration, social security and pensions | 62 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,886 | €3,728 | -€159 | -4.1% |
| Other operating charges | 640/8 | - | €126 | +€126 | |
| Gross operating margin | 9900 | €292,407 | €277,599 | -€14,808 | -5.1% |
| Operating profit (loss) | 9901 | €288,520 | €273,745 | -€14,775 | -5.1% |
| Financial income | 75/76B | €28,069 | €32,497 | +€4,428 | +15.8% |
| Recurring financial income | 75 | €28,069 | €32,497 | +€4,428 | +15.8% |
| Financial charges | 65/66B | €12,758 | €14,468 | +€1,710 | +13.4% |
| Recurring financial charges | 65 | €12,758 | €14,468 | +€1,710 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €303,832 | €291,775 | -€12,057 | -4.0% |
| Income taxes | 67/77 | €19,804 | €13,053 | -€6,751 | -34.1% |
| Profit (loss) for the period | 9904 | €284,027 | €278,721 | -€5,306 | -1.9% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €284,027 | €278,721 | -€5,306 | -1.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.