CONSULTING P & P: 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.
What changed
CONSULTING P & P
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€457,964
2024 · €355,201+€102,763
Equity
€1.8m
2024 · €1.4m+€457,964
Cash
€100,381
2024 · €189,170-€88,789
Balance sheet total
€6.6m
2024 · €6.9m-€322,161
Largest movements
Assets
- Tangible fixed assets -€709,063
down €709,063 (-20.2%), from €3.5m to €2.8m
of which Plant, machinery and equipment: -€375,466
- Receivables within one year +€422,335
up €422,335 (+149%), from €284,214 to €706,549
of which Other amounts receivable: +€421,177
- Cash -€88,789
down €88,789 (-46.9%), from €189,170 to €100,381
mainly Debts after one year (-€605,994) and Receivables within one year (-€422,335)
Equity and liabilities
- Debts after one year -€605,994
down €605,994 (-14.1%), from €4.3m to €3.7m
- Profit (loss) carried forward +€500,124
up €500,124, from -€11,190 to €488,934
- Other debts -€98,836
down €98,836 (-88.9%), from €111,230 to €12,394
- Trade debts -€81,615
down €81,615 (-36.6%), from €223,178 to €141,563
Income statement
- Financial income +€50,173
up €50,173 (+27.7%), from €181,204 to €231,377
of which Non-recurring financial income: +€200,000
- Gross operating margin +€39,848
up €39,848 (+3.1%), from €1.3m to €1.3m
- Write-downs -€29,506
down €29,506 (-66.7%), from €44,218 to €14,712
- Taxes +€17,734
up €17,734 (+21.4%), from €82,743 to €100,477
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
€355,201
Gross operating margin
+€39,848
Staff costs
-€9,949
Depreciation
+€3,691
Write-downs
+€29,506
Other operating charges
-€740
Financial income
+€50,173
Financial charges
+€7,968
Taxes
-€17,734
Result 2025
€457,964
raises the resultlowers the result
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.
From operations
+€561,249
Investment
-€50,273
Financing
-€599,765
Cash 2024
€189,170
From operations (derived)
+€561,249
Net result for the year
+€457,964
Depreciation
+€709,063
Stocks and contracts
-€30
Receivables within one year
-€422,335
Deferred charges and accrued income
-€3,053
Provisions
-€21,709
Trade debts
-€81,615
Tax, wage and social debts
+€21,800
Other debts
-€98,836
Investment (derived)
-€50,273
Investment in fixed assets (net)
-€46
Current investments
-€50,227
Financing
-€599,765
Debts after one year
-€605,994
Current portion of long-term debt
+€6,229
Cash 2025
€100,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,920,732 | €6,598,571 | -€322,161 | -4.7% |
| Fixed assets | 21/28 | €5,528,884 | €4,819,867 | -€709,017 | -12.8% |
| Tangible fixed assets | 22/27 | €3,518,735 | €2,809,672 | -€709,063 | -20.2% |
| Land and buildings | 22 | €961,947 | €785,421 | -€176,526 | -18.4% |
| Plant, machinery and equipment | 23 | €1,050,467 | €675,001 | -€375,466 | -35.7% |
| Furniture and vehicles | 24 | €2,871 | - | -€2,871 | |
| Other tangible fixed assets | 26 | €1,503,450 | €1,349,250 | -€154,200 | -10.3% |
| Financial fixed assets | 28 | €2,010,149 | €2,010,195 | +€46 | 0.0% |
| Current assets | 29/58 | €1,391,848 | €1,778,704 | +€386,856 | +27.8% |
| Amounts receivable after more than one year | 29 | €890,000 | €890,000 | = | 0.0% |
| Other amounts receivable | 291 | €890,000 | €890,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,170 | €7,200 | +€30 | +0.4% |
| Stocks | 30/36 | €7,170 | €7,200 | +€30 | +0.4% |
| Amounts receivable within one year | 40/41 | €284,214 | €706,549 | +€422,335 | +149% |
| Trade receivables | 40 | €276,956 | €278,114 | +€1,158 | +0.4% |
| Other amounts receivable | 41 | €7,258 | €428,435 | +€421,177 | +5,803% |
| Current investments | 50/53 | - | €50,227 | +€50,227 | |
| Cash at bank and in hand | 54/58 | €189,170 | €100,381 | -€88,789 | -46.9% |
| Deferred charges and accrued income | 490/1 | €21,294 | €24,347 | +€3,053 | +14.3% |
| Total equity and liabilities | 10/49 | €6,920,732 | €6,598,571 | -€322,161 | -4.7% |
| Equity | 10/15 | €1,354,966 | €1,812,930 | +€457,964 | +33.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,304,156 | €1,261,996 | -€42,160 | -3.2% |
| Non-distributable reserves | 130/1 | €893,099 | €893,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Financial assistance | 1313 | €890,000 | €890,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €411,057 | €368,897 | -€42,160 | -10.3% |
| Profit (loss) carried forward | 14 | -€11,190 | €488,934 | +€500,124 | |
| Provisions and deferred taxes | 16 | €211,662 | €189,953 | -€21,709 | -10.3% |
| Deferred taxes | 168 | €211,662 | €189,953 | -€21,709 | -10.3% |
| Amounts payable | 17/49 | €5,354,104 | €4,595,688 | -€758,416 | -14.2% |
| Amounts payable after more than one year | 17 | €4,285,956 | €3,679,962 | -€605,994 | -14.1% |
| Financial debts | 170/4 | €4,285,956 | €3,679,962 | -€605,994 | -14.1% |
| Amounts payable within one year | 42/48 | €1,068,148 | €915,726 | -€152,422 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €599,766 | €605,995 | +€6,229 | +1.0% |
| Financial debts | 43 | €10,676 | €10,676 | = | 0.0% |
| Credit institutions | 430/8 | €10,676 | €10,676 | = | 0.0% |
| Trade debts | 44 | €223,178 | €141,563 | -€81,615 | -36.6% |
| Suppliers | 440/4 | €223,178 | €141,563 | -€81,615 | -36.6% |
| Advances received on contracts in progress | 46 | €80,000 | €80,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €43,298 | €65,098 | +€21,800 | +50.3% |
| Taxes | 450/3 | - | €19,848 | +€19,848 | |
| Remuneration and social security | 454/9 | €43,298 | €45,250 | +€1,952 | +4.5% |
| Other amounts payable | 47/48 | €111,230 | €12,394 | -€98,836 | -88.9% |
| Remuneration, social security and pensions | 62 | €191,284 | €201,233 | +€9,949 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712,754 | €709,063 | -€3,691 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,218 | €14,712 | -€29,506 | -66.7% |
| Other operating charges | 640/8 | €19,663 | €20,403 | +€740 | +3.8% |
| Gross operating margin | 9900 | €1,273,308 | €1,313,156 | +€39,848 | +3.1% |
| Operating profit (loss) | 9901 | €305,389 | €367,745 | +€62,356 | +20.4% |
| Financial income | 75/76B | €181,204 | €231,377 | +€50,173 | +27.7% |
| Recurring financial income | 75 | €181,204 | €31,377 | -€149,827 | -82.7% |
| Non-recurring financial income | 76B | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €70,358 | €62,390 | -€7,968 | -11.3% |
| Recurring financial charges | 65 | €70,358 | €62,390 | -€7,968 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €416,235 | €536,732 | +€120,497 | +28.9% |
| Transfer from deferred taxes | 780 | €21,709 | €21,709 | = | 0.0% |
| Income taxes | 67/77 | €82,743 | €100,477 | +€17,734 | +21.4% |
| Profit (loss) for the period | 9904 | €355,201 | €457,964 | +€102,763 | +28.9% |
| Transfer from tax-exempt reserves | 789 | €42,160 | €42,160 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €397,361 | €500,124 | +€102,763 | +25.9% |
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.