+CONSULTING: 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.
+CONSULTING
Largest movements
- Tangible fixed assets -€27,479
down €27,479 (-8.5%), from €325,048 to €297,569
of which Land and buildings: -€17,111
- Debts after one year -€20,759
down €20,759 (-21.6%), from €96,126 to €75,366
- Tax, wage and social debts -€11,826
down €11,826 (-96.0%), from €12,321 to €495
- Other debts -€10,500
down €10,500 (-11.4%), from €92,019 to €81,520
- Reserves +€7,759
up €7,759 (+5.1%), from €151,569 to €159,328
of which Distributable reserves: +€7,759
- Gross operating margin -€30,717
down €30,717 (-35.8%), from €85,697 to €54,980
- Taxes -€9,868
down €9,868 (-72.9%), from €13,544 to €3,676
- Financial charges -€3,973
down €3,973 (-28.0%), from €14,187 to €10,214
- Depreciation +€2,034
up €2,034 (+7.0%), from €28,943 to €30,977
- Other operating charges -€1,974
down €1,974 (-45.6%), from €4,328 to €2,354
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 | €396,093 | €367,512 | -€28,581 | -7.2% |
| Fixed assets | 21/28 | €325,048 | €297,569 | -€27,479 | -8.5% |
| Tangible fixed assets | 22/27 | €325,048 | €297,569 | -€27,479 | -8.5% |
| Land and buildings | 22 | €287,890 | €270,779 | -€17,111 | -5.9% |
| Plant, machinery and equipment | 23 | €3,717 | €2,702 | -€1,015 | -27.3% |
| Furniture and vehicles | 24 | €2,237 | €467 | -€1,770 | -79.1% |
| Leasing and similar rights | 25 | €31,205 | €23,621 | -€7,584 | -24.3% |
| Current assets | 29/58 | €71,044 | €69,943 | -€1,101 | -1.6% |
| Amounts receivable within one year | 40/41 | €56,915 | €54,496 | -€2,419 | -4.2% |
| Trade receivables | 40 | €56,459 | €47,715 | -€8,743 | -15.5% |
| Other amounts receivable | 41 | €456 | €6,781 | +€6,324 | +1,385% |
| Cash at bank and in hand | 54/58 | €11,674 | €12,328 | +€654 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,455 | €3,118 | +€663 | +27.0% |
| Total equity and liabilities | 10/49 | €396,093 | €367,512 | -€28,581 | -7.2% |
| Equity | 10/15 | €170,169 | €177,928 | +€7,759 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,569 | €159,328 | +€7,759 | +5.1% |
| Tax-exempt reserves | 132 | €13,652 | €13,652 | = | 0.0% |
| Distributable reserves | 133 | €137,916 | €145,676 | +€7,759 | +5.6% |
| Amounts payable | 17/49 | €225,924 | €189,584 | -€36,340 | -16.1% |
| Amounts payable after more than one year | 17 | €96,126 | €75,366 | -€20,759 | -21.6% |
| Financial debts | 170/4 | €96,126 | €75,366 | -€20,759 | -21.6% |
| Amounts payable within one year | 42/48 | €129,799 | €111,378 | -€18,421 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €20,505 | €20,759 | +€254 | +1.2% |
| Financial debts | 43 | €3,380 | €3,364 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,380 | €3,364 | -€16 | -0.5% |
| Trade debts | 44 | €1,573 | €5,239 | +€3,666 | +233% |
| Suppliers | 440/4 | €1,573 | €5,239 | +€3,666 | +233% |
| Taxes, remuneration and social security | 45 | €12,321 | €495 | -€11,826 | -96.0% |
| Taxes | 450/3 | €12,321 | €495 | -€11,826 | -96.0% |
| Other amounts payable | 47/48 | €92,019 | €81,520 | -€10,500 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €2,840 | +€2,840 | |
| Non-recurring operating income | 76A | €5,684 | - | -€5,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,943 | €30,977 | +€2,034 | +7.0% |
| Other operating charges | 640/8 | €4,328 | €2,354 | -€1,974 | -45.6% |
| Gross operating margin | 9900 | €85,697 | €54,980 | -€30,717 | -35.8% |
| Operating profit (loss) | 9901 | €52,425 | €21,649 | -€30,777 | -58.7% |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €14,187 | €10,214 | -€3,973 | -28.0% |
| Recurring financial charges | 65 | €14,187 | €10,214 | -€3,973 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €38,334 | €11,435 | -€26,899 | -70.2% |
| Income taxes | 67/77 | €13,544 | €3,676 | -€9,868 | -72.9% |
| Profit (loss) for the period | 9904 | €24,790 | €7,759 | -€17,031 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,790 | €7,759 | -€17,031 | -68.7% |
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 26 October 2026 via checked.be.