CONSULTING & ENGINEERING SERVICES: 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.
What changed
CONSULTING & ENGINEERING SERVICES
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€245,856
2024 · €7.2m-€7.0m
Equity
€20.7m
2024 · €20.5m+€245,856
Cash
€76,362
2024 · €172,986-€96,624
Balance sheet total
€26.1m
2024 · €26.3m-€141,161
Largest movements
Assets
- Current investments -€1.8m
down €1.8m (-29.7%), from €6.0m to €4.2m
- Receivables within one year +€1.5m
up €1.5m (+117.5%), from €1.3m to €2.7m
of which Other amounts receivable: +€1.5m
- Financial fixed assets +€450,269
up €450,269 (+3.7%), from €12.1m to €12.6m
Equity and liabilities
- Debts after one year -€301,306
down €301,306 (-10.3%), from €2.9m to €2.6m
of which Financial debts: -€311,251
Income statement
- Financial income -€7.1m
down €7.1m (-90.6%), from €7.9m to €740,559
- Gross operating margin +€295,987
up €295,987 (+9927.5%), from €2,982 to €298,969
- Depreciation +€47,311
up €47,311 (+17.1%), from €277,027 to €324,337
- Taxes +€46,366
up €46,366 (+749.2%), from €6,189 to €52,555
- Other operating charges +€27,869
up €27,869 (+489.3%), from €5,695 to €33,564
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.
Result 2024
€7.2m
Gross operating margin
+€295,987
Staff costs
-€6,002
Depreciation
-€47,311
Other operating charges
-€27,869
Financial income
-€7.1m
Financial charges
+€21,655
Taxes
-€46,366
Result 2025
€245,856
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.
From operations
-€932,597
Investment
+€1.2m
Financing
-€364,266
Cash 2024
€172,986
From operations (derived)
-€932,597
Net result for the year
+€245,856
Depreciation
+€324,337
Receivables within one year
-€1.5m
Smaller working-capital items
-€5,778
Trade debts
-€59,265
Tax, wage and social debts
-€40,413
Other debts
+€80,358
Investment (derived)
+€1.2m
Investment in fixed assets (net)
-€579,936
Current investments
+€1.8m
Financing
-€364,266
Debts after one year
-€301,306
Current portion of long-term debt
-€62,960
Cash 2025
€76,362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,283,273 | €26,142,111 | -€141,161 | -0.5% |
| Fixed assets | 21/28 | €18,859,135 | €19,114,734 | +€255,599 | +1.4% |
| Tangible fixed assets | 22/27 | €6,737,887 | €6,543,217 | -€194,670 | -2.9% |
| Land and buildings | 22 | €6,370,894 | €6,194,001 | -€176,894 | -2.8% |
| Plant, machinery and equipment | 23 | €6,140 | €8,847 | +€2,707 | +44.1% |
| Furniture and vehicles | 24 | €223,113 | €202,630 | -€20,483 | -9.2% |
| Other tangible fixed assets | 26 | €137,740 | €137,740 | = | 0.0% |
| Financial fixed assets | 28 | €12,121,248 | €12,571,517 | +€450,269 | +3.7% |
| Current assets | 29/58 | €7,424,137 | €7,027,377 | -€396,760 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,257,745 | €2,735,438 | +€1.5m | +117.5% |
| Trade receivables | 40 | €24,017 | €318 | -€23,699 | -98.7% |
| Other amounts receivable | 41 | €1,233,728 | €2,735,120 | +€1.5m | +121.7% |
| Current investments | 50/53 | €5,993,405 | €4,213,231 | -€1.8m | -29.7% |
| Cash at bank and in hand | 54/58 | €172,986 | €76,362 | -€96,624 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €2,346 | +€2,346 | |
| Total equity and liabilities | 10/49 | €26,283,273 | €26,142,111 | -€141,161 | -0.5% |
| Equity | 10/15 | €20,464,880 | €20,710,736 | +€245,856 | +1.2% |
| Contributions | 10/11 | €5,500,000 | €5,500,000 | = | 0.0% |
| Capital | 10 | €5,500,000 | €5,500,000 | = | 0.0% |
| Issued capital | 100 | €5,500,000 | €5,500,000 | = | 0.0% |
| Reserves | 13 | €2,164,741 | €2,158,080 | -€6,662 | -0.3% |
| Non-distributable reserves | 130/1 | €768,988 | €768,988 | = | 0.0% |
| Legal reserve | 130 | €768,988 | €768,988 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,753 | €164,092 | -€6,662 | -3.9% |
| Distributable reserves | 133 | €1,225,000 | €1,225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,800,139 | €13,052,656 | +€252,517 | +2.0% |
| Provisions and deferred taxes | 16 | €87,338 | €83,906 | -€3,432 | -3.9% |
| Deferred taxes | 168 | €87,338 | €83,906 | -€3,432 | -3.9% |
| Amounts payable | 17/49 | €5,731,055 | €5,347,470 | -€383,585 | -6.7% |
| Amounts payable after more than one year | 17 | €2,937,781 | €2,636,476 | -€301,306 | -10.3% |
| Financial debts | 170/4 | €2,929,156 | €2,617,906 | -€311,251 | -10.6% |
| Other amounts payable | 178/9 | €8,625 | €18,570 | +€9,945 | +115.3% |
| Amounts payable within one year | 42/48 | €2,793,274 | €2,710,994 | -€82,280 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €374,211 | €311,251 | -€62,960 | -16.8% |
| Trade debts | 44 | €59,265 | - | -€59,265 | |
| Suppliers | 440/4 | €59,265 | - | -€59,265 | |
| Taxes, remuneration and social security | 45 | €91,730 | €51,317 | -€40,413 | -44.1% |
| Taxes | 450/3 | €80,881 | €40,468 | -€40,413 | -50.0% |
| Remuneration and social security | 454/9 | €10,849 | €10,849 | = | 0.0% |
| Other amounts payable | 47/48 | €2,268,068 | €2,348,426 | +€80,358 | +3.5% |
| Non-recurring operating income | 76A | €20 | €40,260 | +€40,241 | +203544.1% |
| Remuneration, social security and pensions | 62 | €84,235 | €90,236 | +€6,002 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,027 | €324,337 | +€47,311 | +17.1% |
| Other operating charges | 640/8 | €5,695 | €33,564 | +€27,869 | +489.3% |
| Gross operating margin | 9900 | €2,982 | €298,969 | +€295,987 | +9927.5% |
| Operating profit (loss) | 9901 | -€363,975 | -€149,169 | +€214,806 | +59.0% |
| Financial income | 75/76B | €7,883,273 | €740,559 | -€7.1m | -90.6% |
| Recurring financial income | 75 | €7,883,273 | €740,559 | -€7.1m | -90.6% |
| Financial charges | 65/66B | €318,067 | €296,412 | -€21,655 | -6.8% |
| Recurring financial charges | 65 | €318,052 | €296,380 | -€21,673 | -6.8% |
| Non-recurring financial charges | 66B | €15 | €33 | +€18 | +116.9% |
| Profit (loss) for the period before taxes | 9903 | €7,201,231 | €294,979 | -€6.9m | -95.9% |
| Transfer from deferred taxes | 780 | €3,432 | €3,432 | = | 0.0% |
| Income taxes | 67/77 | €6,189 | €52,555 | +€46,366 | +749.2% |
| Profit (loss) for the period | 9904 | €7,198,474 | €245,856 | -€7.0m | -96.6% |
| Transfer from tax-exempt reserves | 789 | €6,662 | €6,662 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,205,135 | €252,517 | -€7.0m | -96.5% |
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 3 October 2026 via checked.be.