CONSULTING GROUP S: 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 GROUP S
Largest movements
- Tangible fixed assets -€518,944
down €518,944 (-97.4%), from €532,527 to €13,583
of which Land and buildings: -€528,805
- Cash +€407,739
up €407,739 (+1,879%), from €21,705 to €429,444
mainly Investment in fixed assets (net) (+€516,910) and Net result for the year (+€355,044)
- Receivables within one year +€34,026
up €34,026 (+72.8%), from €46,764 to €80,791
of which Other amounts receivable: +€32,807
- Debts after one year -€155,300
no longer reported in 2025 (was €155,300)
- Tax, wage and social debts +€135,803
up €135,803 (+412%), from €32,972 to €168,775
of which Taxes: +€129,355
- Reserves -€106,956
down €106,956 (-38.0%), from €281,676 to €174,720
of which Distributable reserves: -€106,956
- Other debts +€82,211
up €82,211 (+122%), from €67,189 to €149,400
- Current portion of long-term debt -€41,658
no longer reported in 2025 (was €41,658)
- Financial income +€312,655
up €312,655 (+5,603,142%), from €6 to €312,661
of which Non-recurring financial income: +€312,661
- Taxes +€86,906
up €86,906 (+213%), from €40,894 to €127,800
- Depreciation -€17,566
down €17,566 (-89.6%), from €19,600 to €2,034
- Financial charges +€2,066
up €2,066 (+13.9%), from €14,913 to €16,979
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 | €608,628 | €531,687 | -€76,941 | -12.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €532,527 | €13,583 | -€518,944 | -97.4% |
| Tangible fixed assets | 22/27 | €532,527 | €13,583 | -€518,944 | -97.4% |
| Land and buildings | 22 | €528,805 | - | -€528,805 | |
| Plant, machinery and equipment | 23 | €1,887 | €2,577 | +€689 | +36.5% |
| Furniture and vehicles | 24 | €1,835 | €6,159 | +€4,323 | +236% |
| Other tangible fixed assets | 26 | - | €4,848 | +€4,848 | |
| Current assets | 29/58 | €76,100 | €518,104 | +€442,004 | +581% |
| Stocks and contracts in progress | 3 | €3,243 | €2,843 | -€400 | -12.3% |
| Stocks | 30/36 | €3,243 | €2,843 | -€400 | -12.3% |
| Amounts receivable within one year | 40/41 | €46,764 | €80,791 | +€34,026 | +72.8% |
| Trade receivables | 40 | €37,645 | €38,864 | +€1,219 | +3.2% |
| Other amounts receivable | 41 | €9,120 | €41,927 | +€32,807 | +360% |
| Cash at bank and in hand | 54/58 | €21,705 | €429,444 | +€407,739 | +1,879% |
| Deferred charges and accrued income | 490/1 | €4,389 | €5,027 | +€638 | +14.5% |
| Total equity and liabilities | 10/49 | €608,628 | €531,687 | -€76,941 | -12.6% |
| Equity | 10/15 | €300,226 | €193,270 | -€106,956 | -35.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €281,676 | €174,720 | -€106,956 | -38.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €279,821 | €172,865 | -€106,956 | -38.2% |
| Amounts payable | 17/49 | €308,402 | €338,417 | +€30,016 | +9.7% |
| Amounts payable after more than one year | 17 | €155,300 | - | -€155,300 | |
| Financial debts | 170/4 | €155,300 | - | -€155,300 | |
| Amounts payable within one year | 42/48 | €152,973 | €338,417 | +€185,444 | +121% |
| Current portion of amounts payable after more than one year | 42 | €41,658 | - | -€41,658 | |
| Financial debts | 43 | €10,735 | €10,687 | -€48 | -0.4% |
| Credit institutions | 430/8 | €10,735 | €10,687 | -€48 | -0.4% |
| Trade debts | 44 | €419 | €9,555 | +€9,136 | +2,182% |
| Suppliers | 440/4 | €419 | €9,555 | +€9,136 | +2,182% |
| Taxes, remuneration and social security | 45 | €32,972 | €168,775 | +€135,803 | +412% |
| Taxes | 450/3 | €32,972 | €162,327 | +€129,355 | +392% |
| Remuneration and social security | 454/9 | - | €6,448 | +€6,448 | |
| Other amounts payable | 47/48 | €67,189 | €149,400 | +€82,211 | +122% |
| Accrued charges and deferred income | 492/3 | €129 | - | -€129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,600 | €2,034 | -€17,566 | -89.6% |
| Other operating charges | 640/8 | €4,599 | €4,317 | -€282 | -6.1% |
| Non-recurring operating charges | 66A | - | €281 | +€281 | |
| Gross operating margin | 9900 | €193,398 | €193,796 | +€398 | +0.2% |
| Operating profit (loss) | 9901 | €169,198 | €187,163 | +€17,965 | +10.6% |
| Financial income | 75/76B | €6 | €312,661 | +€312,655 | +5,603,142% |
| Recurring financial income | 75 | €6 | €312,661 | +€312,655 | +5,603,142% |
| Non-recurring financial income | 76B | - | €312,661 | +€312,661 | |
| Financial charges | 65/66B | €14,913 | €16,979 | +€2,066 | +13.9% |
| Recurring financial charges | 65 | €14,913 | €16,979 | +€2,066 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €154,291 | €482,844 | +€328,554 | +213% |
| Income taxes | 67/77 | €40,894 | €127,800 | +€86,906 | +213% |
| Profit (loss) for the period | 9904 | €113,397 | €355,044 | +€241,647 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €113,397 | €355,044 | +€241,647 | +213% |
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.