CONSULTING & INTERIM MANAGEMENT COOPERATION: 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 & INTERIM MANAGEMENT COOPERATION
Largest movements
- Tangible fixed assets -€423,442
down €423,442 (-58.9%), from €719,015 to €295,573
of which Land and buildings: -€418,610
- Current investments +€30,000
up €30,000 (+46.2%), from €65,000 to €95,000
- Cash +€22,591
up €22,591 (+155%), from €14,585 to €37,176
mainly Investment in fixed assets (net) (+€401,382) and Net result for the year (+€55,839)
- Receivables within one year +€9,454
up €9,454 (+32.3%), from €29,270 to €38,724
of which Trade receivables: +€9,989
- Debts after one year -€372,794
no longer reported in 2025 (was €372,794)
- Reserves +€55,839
up €55,839 (+17.9%), from €312,744 to €368,582
of which Distributable reserves: +€56,830
- Current portion of long-term debt -€30,099
no longer reported in 2025 (was €30,099)
- Trade debts -€16,102
down €16,102 (-80.7%), from €19,948 to €3,846
- Other debts -€11,432
down €11,432 (-94.2%), from €12,134 to €703
- Gross operating margin +€53,850
up €53,850 (+81.6%), from €66,007 to €119,856
- Taxes +€18,256
up €18,256 (+429%), from €4,253 to €22,509
- Depreciation -€13,951
down €13,951 (-38.7%), from €36,011 to €22,060
- Financial charges +€2,561
up €2,561 (+15.2%), from €16,820 to €19,381
- Other operating charges -€2,169
down €2,169 (-64.8%), from €3,346 to €1,178
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 | €833,760 | €469,695 | -€364,065 | -43.7% |
| Fixed assets | 21/28 | €719,290 | €295,848 | -€423,442 | -58.9% |
| Tangible fixed assets | 22/27 | €719,015 | €295,573 | -€423,442 | -58.9% |
| Land and buildings | 22 | €676,668 | €258,058 | -€418,610 | -61.9% |
| Plant, machinery and equipment | 23 | €2,124 | €2,683 | +€559 | +26.3% |
| Furniture and vehicles | 24 | €16,222 | €10,832 | -€5,390 | -33.2% |
| Other tangible fixed assets | 26 | €24,000 | €24,000 | = | 0.0% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €114,470 | €173,847 | +€59,377 | +51.9% |
| Amounts receivable within one year | 40/41 | €29,270 | €38,724 | +€9,454 | +32.3% |
| Trade receivables | 40 | €21,609 | €31,598 | +€9,989 | +46.2% |
| Other amounts receivable | 41 | €7,661 | €7,126 | -€534 | -7.0% |
| Current investments | 50/53 | €65,000 | €95,000 | +€30,000 | +46.2% |
| Cash at bank and in hand | 54/58 | €14,585 | €37,176 | +€22,591 | +155% |
| Deferred charges and accrued income | 490/1 | €5,615 | €2,947 | -€2,668 | -47.5% |
| Total equity and liabilities | 10/49 | €833,760 | €469,695 | -€364,065 | -43.7% |
| Equity | 10/15 | €391,318 | €447,156 | +€55,839 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €17,361 | - | -€17,361 | |
| Uncalled capital | 101 | €17,361 | - | -€17,361 | |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,744 | €368,582 | +€55,839 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,330 | €339 | -€992 | -74.5% |
| Distributable reserves | 133 | €309,553 | €366,383 | +€56,830 | +18.4% |
| Profit (loss) carried forward | 14 | €59,974 | €59,974 | = | 0.0% |
| Amounts payable | 17/49 | €442,442 | €22,539 | -€419,903 | -94.9% |
| Amounts payable after more than one year | 17 | €372,794 | - | -€372,794 | |
| Financial debts | 170/4 | €372,794 | - | -€372,794 | |
| Amounts payable within one year | 42/48 | €69,625 | €22,445 | -€47,180 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €30,099 | - | -€30,099 | |
| Trade debts | 44 | €19,948 | €3,846 | -€16,102 | -80.7% |
| Suppliers | 440/4 | €19,948 | €3,846 | -€16,102 | -80.7% |
| Taxes, remuneration and social security | 45 | €7,444 | €17,897 | +€10,453 | +140% |
| Taxes | 450/3 | €7,444 | €15,421 | +€7,977 | +107% |
| Remuneration and social security | 454/9 | - | €2,476 | +€2,476 | |
| Other amounts payable | 47/48 | €12,134 | €703 | -€11,432 | -94.2% |
| Accrued charges and deferred income | 492/3 | €24 | €94 | +€71 | +300% |
| Non-recurring operating income | 76A | €1,345 | €107,863 | +€106,517 | +7,918% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,011 | €22,060 | -€13,951 | -38.7% |
| Other operating charges | 640/8 | €3,346 | €1,178 | -€2,169 | -64.8% |
| Gross operating margin | 9900 | €66,007 | €119,856 | +€53,850 | +81.6% |
| Operating profit (loss) | 9901 | €26,650 | €96,619 | +€69,969 | +263% |
| Financial income | 75/76B | €2,739 | €1,110 | -€1,629 | -59.5% |
| Recurring financial income | 75 | €2,739 | €1,110 | -€1,629 | -59.5% |
| Financial charges | 65/66B | €16,820 | €19,381 | +€2,561 | +15.2% |
| Recurring financial charges | 65 | €16,820 | €19,381 | +€2,561 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €12,568 | €78,347 | +€65,779 | +523% |
| Income taxes | 67/77 | €4,253 | €22,509 | +€18,256 | +429% |
| Profit (loss) for the period | 9904 | €8,315 | €55,839 | +€47,523 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €8,315 | €55,839 | +€47,523 | +572% |
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 30 October 2026 via checked.be.