CONSULTING & ADVISORY SERVICES: 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 & ADVISORY SERVICES
Largest movements
- Tangible fixed assets -€22,672
down €22,672 (-11.4%), from €198,922 to €176,250
of which Land and buildings: -€21,273
- Cash +€22,216
up €22,216 (+234%), from €9,496 to €31,712
mainly Other debts (+€326,628) and Net result for the year (+€92,356)
- Current investments +€19,114
up €19,114 (+5.1%), from €377,644 to €396,758
- Other debts +€326,628
up €326,628 (+200%), from €163,652 to €490,280
- Reserves -€305,040
down €305,040 (-76.8%), from €397,395 to €92,356
- Financial income -€93,387
down €93,387 (-86.0%), from €108,535 to €15,148
- Financial charges -€81,093
down €81,093 (-84.8%), from €95,626 to €14,533
- Taxes -€21,406
down €21,406 (-40.3%), from €53,139 to €31,733
- Gross operating margin +€17,818
up €17,818 (+13.5%), from €131,985 to €149,804
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 | €617,501 | €636,193 | +€18,692 | +3.0% |
| Fixed assets | 21/28 | €198,922 | €176,250 | -€22,672 | -11.4% |
| Tangible fixed assets | 22/27 | €198,922 | €176,250 | -€22,672 | -11.4% |
| Land and buildings | 22 | €183,478 | €162,204 | -€21,273 | -11.6% |
| Plant, machinery and equipment | 23 | €2,323 | €1,765 | -€557 | -24.0% |
| Furniture and vehicles | 24 | €13,122 | €12,281 | -€841 | -6.4% |
| Current assets | 29/58 | €418,579 | €459,943 | +€41,364 | +9.9% |
| Amounts receivable within one year | 40/41 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Current investments | 50/53 | €377,644 | €396,758 | +€19,114 | +5.1% |
| Cash at bank and in hand | 54/58 | €9,496 | €31,712 | +€22,216 | +234% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,472 | +€34 | +2.4% |
| Total equity and liabilities | 10/49 | €617,501 | €636,193 | +€18,692 | +3.0% |
| Equity | 10/15 | €417,395 | €112,356 | -€305,040 | -73.1% |
| 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 | €397,395 | €92,356 | -€305,040 | -76.8% |
| Distributable reserves | 133 | €397,395 | €92,356 | -€305,040 | -76.8% |
| Amounts payable | 17/49 | €200,106 | €523,838 | +€323,732 | +162% |
| Amounts payable after more than one year | 17 | €24,307 | €20,615 | -€3,692 | -15.2% |
| Financial debts | 170/4 | €24,307 | €20,615 | -€3,692 | -15.2% |
| Amounts payable within one year | 42/48 | €173,890 | €502,275 | +€328,384 | +189% |
| Current portion of amounts payable after more than one year | 42 | €3,692 | €3,692 | = | 0.0% |
| Trade debts | 44 | €485 | €123 | -€362 | -74.6% |
| Suppliers | 440/4 | €485 | €123 | -€362 | -74.6% |
| Taxes, remuneration and social security | 45 | €6,061 | €8,179 | +€2,118 | +34.9% |
| Taxes | 450/3 | €6,061 | €8,179 | +€2,118 | +34.9% |
| Other amounts payable | 47/48 | €163,652 | €490,280 | +€326,628 | +200% |
| Accrued charges and deferred income | 492/3 | €1,908 | €948 | -€960 | -50.3% |
| Non-recurring operating income | 76A | - | €2,653 | +€2,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,029 | €22,672 | -€1,357 | -5.6% |
| Other operating charges | 640/8 | €3,512 | €3,659 | +€147 | +4.2% |
| Gross operating margin | 9900 | €131,985 | €149,804 | +€17,818 | +13.5% |
| Operating profit (loss) | 9901 | €104,445 | €123,473 | +€19,028 | +18.2% |
| Financial income | 75/76B | €108,535 | €15,148 | -€93,387 | -86.0% |
| Recurring financial income | 75 | €108,535 | €15,148 | -€93,387 | -86.0% |
| Financial charges | 65/66B | €95,626 | €14,533 | -€81,093 | -84.8% |
| Recurring financial charges | 65 | €95,626 | €14,533 | -€81,093 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €117,354 | €124,089 | +€6,735 | +5.7% |
| Income taxes | 67/77 | €53,139 | €31,733 | -€21,406 | -40.3% |
| Profit (loss) for the period | 9904 | €64,214 | €92,356 | +€28,141 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,214 | €92,356 | +€28,141 | +43.8% |
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 28 October 2026 via checked.be.