CONSULTING & PROJECTS: 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.
CONSULTING & PROJECTS
Largest movements
- Receivables within one year +€52,868
up €52,868 (+463.2%), from €11,414 to €64,282
of which Trade receivables: +€43,869
- Tangible fixed assets -€26,036
down €26,036 (-9.7%), from €267,626 to €241,590
of which Land and buildings: -€15,375
- Financial fixed assets -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Cash -€6,271
down €6,271 (-2.2%), from €286,255 to €279,984
mainly Receivables within one year (-€52,868) and Contributions, distributions and other (-€46,750)
- Trade debts +€25,246
up €25,246 (+610.2%), from €4,137 to €29,383
- Debts after one year -€11,916
down €11,916 (-100.0%), from €11,916 to €0
- Reserves -€10,345
down €10,345 (-2.4%), from €436,368 to €426,023
of which Distributable reserves: -€13,903
- Gross operating margin -€46,157
down €46,157 (-30.8%), from €150,075 to €103,919
- Staff costs +€33,853
up €33,853 (+135.1%), from €25,057 to €58,910
- Financial income +€28,449
up €28,449 (+68900.8%), from €41 to €28,490
- Taxes -€22,331
down €22,331 (-73.2%), from €30,494 to €8,163
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,106 | €587,340 | -€765 | -0.1% |
| Fixed assets | 21/28 | €287,626 | €241,590 | -€46,036 | -16.0% |
| Tangible fixed assets | 22/27 | €267,626 | €241,590 | -€26,036 | -9.7% |
| Land and buildings | 22 | €236,805 | €221,429 | -€15,375 | -6.5% |
| Plant, machinery and equipment | 23 | €5,511 | €2,817 | -€2,693 | -48.9% |
| Furniture and vehicles | 24 | €25,311 | €17,343 | -€7,967 | -31.5% |
| Financial fixed assets | 28 | €20,000 | €0 | -€20,000 | -100.0% |
| Current assets | 29/58 | €300,480 | €345,751 | +€45,271 | +15.1% |
| Amounts receivable within one year | 40/41 | €11,414 | €64,282 | +€52,868 | +463.2% |
| Trade receivables | 40 | €5,295 | €49,164 | +€43,869 | +828.4% |
| Other amounts receivable | 41 | €6,118 | €15,117 | +€8,999 | +147.1% |
| Cash at bank and in hand | 54/58 | €286,255 | €279,984 | -€6,271 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,811 | €1,485 | -€1,326 | -47.2% |
| Total equity and liabilities | 10/49 | €588,106 | €587,340 | -€765 | -0.1% |
| Equity | 10/15 | €536,106 | €522,203 | -€13,903 | -2.6% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Revaluation surpluses | 12 | €31,146 | €27,588 | -€3,558 | -11.4% |
| Reserves | 13 | €436,368 | €426,023 | -€10,345 | -2.4% |
| Non-distributable reserves | 130/1 | €25,859 | €29,417 | +€3,558 | +13.8% |
| Other | 1319 | €25,859 | €29,417 | +€3,558 | +13.8% |
| Distributable reserves | 133 | €410,509 | €396,606 | -€13,903 | -3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,000 | €65,137 | +€13,137 | +25.3% |
| Amounts payable after more than one year | 17 | €11,916 | €0 | -€11,916 | -100.0% |
| Financial debts | 170/4 | €11,916 | €0 | -€11,916 | -100.0% |
| Amounts payable within one year | 42/48 | €39,972 | €65,137 | +€25,165 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €11,916 | -€1,085 | -8.3% |
| Trade debts | 44 | €4,137 | €29,383 | +€25,246 | +610.2% |
| Suppliers | 440/4 | €4,137 | €29,383 | +€25,246 | +610.2% |
| Taxes, remuneration and social security | 45 | €22,835 | €23,839 | +€1,003 | +4.4% |
| Taxes | 450/3 | €19,216 | €16,258 | -€2,958 | -15.4% |
| Remuneration and social security | 454/9 | €3,619 | €7,581 | +€3,962 | +109.5% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100.0% |
| Non-recurring operating income | 76A | €3,558 | €0 | -€3,558 | -100.0% |
| Remuneration, social security and pensions | 62 | €25,057 | €58,910 | +€33,853 | +135.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,398 | €26,036 | +€638 | +2.5% |
| Other operating charges | 640/8 | €1,905 | €1,897 | -€8 | -0.4% |
| Gross operating margin | 9900 | €150,075 | €103,919 | -€46,157 | -30.8% |
| Operating profit (loss) | 9901 | €97,715 | €17,076 | -€80,639 | -82.5% |
| Financial income | 75/76B | €41 | €28,490 | +€28,449 | +68900.8% |
| Recurring financial income | 75 | €41 | €28,490 | +€28,449 | +68900.8% |
| Financial charges | 65/66B | €3,667 | €4,556 | +€889 | +24.2% |
| Recurring financial charges | 65 | €3,667 | €4,556 | +€889 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €94,089 | €41,010 | -€53,079 | -56.4% |
| Income taxes | 67/77 | €30,494 | €8,163 | -€22,331 | -73.2% |
| Profit (loss) for the period | 9904 | €63,596 | €32,847 | -€30,748 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,596 | €32,847 | -€30,748 | -48.3% |
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 4 October 2026 via checked.be.