CONSULTANCY IOD: 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.
CONSULTANCY IOD
Largest movements
- Tangible fixed assets +€711,019
up €711,019 (+36.1%), from €2.0m to €2.7m
of which Assets under construction and advance payments: +€747,940
- Cash -€87,435
down €87,435 (-77.0%), from €113,606 to €26,171
mainly Investment in fixed assets (net) (-€743,042) and Other debts (-€5,398)
- Receivables within one year -€29,659
down €29,659 (-38.1%), from €77,885 to €48,226
of which Trade receivables: -€29,778
- Debts after one year +€292,194
up €292,194 (+49.1%), from €594,610 to €886,804
- Trade debts +€218,169
up €218,169 (+789%), from €27,634 to €245,803
- Reserves +€86,598
up €86,598 (+9.5%), from €910,482 to €997,080
of which Distributable reserves: +€86,598
- Depreciation -€55,647
down €55,647 (-63.5%), from €87,670 to €32,023
- Gross operating margin -€47,519
down €47,519 (-19.5%), from €243,761 to €196,242
- Financial charges +€6,703
up €6,703 (+15.0%), from €44,825 to €51,528
- Taxes -€2,866
down €2,866 (-12.7%), from €22,485 to €19,619
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,230,278 | €2,824,542 | +€594,264 | +26.6% |
| Fixed assets | 21/28 | €1,967,096 | €2,678,114 | +€711,019 | +36.1% |
| Tangible fixed assets | 22/27 | €1,967,096 | €2,678,114 | +€711,019 | +36.1% |
| Land and buildings | 22 | €1,025,698 | €997,814 | -€27,884 | -2.7% |
| Plant, machinery and equipment | 23 | €13,505 | €11,946 | -€1,559 | -11.5% |
| Furniture and vehicles | 24 | €168 | €0 | -€168 | -100% |
| Other tangible fixed assets | 26 | €617,652 | €610,341 | -€7,311 | -1.2% |
| Assets under construction and advance payments | 27 | €310,073 | €1,058,013 | +€747,940 | +241% |
| Current assets | 29/58 | €263,183 | €146,428 | -€116,755 | -44.4% |
| Stocks and contracts in progress | 3 | €71,525 | €71,525 | = | 0.0% |
| Stocks | 30/36 | €71,525 | €71,525 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,885 | €48,226 | -€29,659 | -38.1% |
| Trade receivables | 40 | €67,966 | €38,188 | -€29,778 | -43.8% |
| Other amounts receivable | 41 | €9,919 | €10,038 | +€118 | +1.2% |
| Cash at bank and in hand | 54/58 | €113,606 | €26,171 | -€87,435 | -77.0% |
| Deferred charges and accrued income | 490/1 | €167 | €506 | +€339 | +204% |
| Total equity and liabilities | 10/49 | €2,230,278 | €2,824,542 | +€594,264 | +26.6% |
| Equity | 10/15 | €1,553,097 | €1,639,695 | +€86,598 | +5.6% |
| Contributions | 10/11 | €642,615 | €642,615 | = | 0.0% |
| Reserves | 13 | €910,482 | €997,080 | +€86,598 | +9.5% |
| Tax-exempt reserves | 132 | €30,996 | €30,996 | = | 0.0% |
| Distributable reserves | 133 | €879,485 | €966,084 | +€86,598 | +9.8% |
| Amounts payable | 17/49 | €677,181 | €1,184,847 | +€507,665 | +75.0% |
| Amounts payable after more than one year | 17 | €594,610 | €886,804 | +€292,194 | +49.1% |
| Other amounts payable | 178/9 | €594,610 | €886,804 | +€292,194 | +49.1% |
| Amounts payable within one year | 42/48 | €82,572 | €297,343 | +€214,771 | +260% |
| Trade debts | 44 | €27,634 | €245,803 | +€218,169 | +789% |
| Suppliers | 440/4 | €27,634 | €245,803 | +€218,169 | +789% |
| Taxes, remuneration and social security | 45 | €13,619 | €15,619 | +€2,000 | +14.7% |
| Taxes | 450/3 | €13,619 | €15,619 | +€2,000 | +14.7% |
| Other amounts payable | 47/48 | €41,319 | €35,921 | -€5,398 | -13.1% |
| Accrued charges and deferred income | 492/3 | €0 | €700 | +€700 | |
| Non-recurring operating income | 76A | €0 | €268 | +€268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,670 | €32,023 | -€55,647 | -63.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,574 | €2,481 | -€94 | -3.6% |
| Non-recurring operating charges | 66A | €0 | €5,166 | +€5,166 | |
| Gross operating margin | 9900 | €243,761 | €196,242 | -€47,519 | -19.5% |
| Operating profit (loss) | 9901 | €153,517 | €156,572 | +€3,055 | +2.0% |
| Financial income | 75/76B | €30 | €1,173 | +€1,143 | +3,803% |
| Recurring financial income | 75 | €30 | €1,173 | +€1,143 | +3,803% |
| Financial charges | 65/66B | €44,825 | €51,528 | +€6,703 | +15.0% |
| Recurring financial charges | 65 | €44,825 | €51,528 | +€6,703 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €108,722 | €106,217 | -€2,505 | -2.3% |
| Income taxes | 67/77 | €22,485 | €19,619 | -€2,866 | -12.7% |
| Profit (loss) for the period | 9904 | €86,237 | €86,598 | +€362 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,237 | €86,598 | +€362 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.