CONSULTING SERVICE: what changed
What changed
CONSULTING SERVICE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€56,458
2024 · €38,382+€18,076
Equity
€263,687
2024 · €207,229+€56,458
Cash
€329,783
2024 · €34,552+€295,231
Balance sheet total
€2.2m
2024 · €990,339+€1.2m
Largest movements
Assets
- Stocks and contracts +€593,980
new in 2025: €593,980
- Financial fixed assets +€425,000
new in 2025: €425,000
- Cash +€295,231
up €295,231 (+854%), from €34,552 to €329,783
mainly Debts after one year (+€957,100) and Other debts (+€102,128)
- Tangible fixed assets -€102,918
down €102,918 (-11.3%), from €911,205 to €808,287
of which Assets under construction and advance payments: -€454,207
Equity and liabilities
- Debts after one year +€957,100
up €957,100 (+144%), from €664,675 to €1.6m
- Other debts +€102,128
up €102,128 (+832%), from €12,278 to €114,406
- Current portion of long-term debt +€77,423
up €77,423 (+202%), from €38,419 to €115,843
- Profit (loss) carried forward +€56,458
up €56,458 (+63.2%), from €89,339 to €145,797
Income statement
- Gross operating margin +€62,771
up €62,771 (+51.4%), from €122,014 to €184,786
- Financial charges +€28,109
up €28,109 (+134%), from €20,964 to €49,073
- Depreciation +€7,662
up €7,662 (+28.4%), from €26,984 to €34,646
- Other operating charges +€4,530
up €4,530 (+37.6%), from €12,052 to €16,582
- Taxes +€3,248
up €3,248 (+14.1%), from €23,010 to €26,258
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,382
Gross operating margin
+€62,771
Staff costs
+€625
Depreciation
-€7,662
Other operating charges
-€4,530
Other operating items
-€1,772
Financial income
+€1
Financial charges
-€28,109
Taxes
-€3,248
Result 2025
€56,458
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€382,564
Investment
-€356,728
Financing
+€1.0m
Cash 2024
€34,552
From operations (derived)
-€382,564
Net result for the year
+€56,458
Depreciation
+€34,646
Stocks and contracts
-€593,980
Receivables within one year
-€5,164
Smaller working-capital items
+€1,971
Trade debts
+€5,837
Advances received
+€15,540
Other debts
+€102,128
Investment (derived)
-€356,728
Investment in fixed assets (net)
-€356,728
Financing
+€1.0m
Debts after one year
+€957,100
Current portion of long-term debt
+€77,423
Cash 2025
€329,783
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €990,339 | €2,207,011 | +€1.2m | +123% |
| Fixed assets | 21/28 | €911,205 | €1,233,287 | +€322,082 | +35.3% |
| Tangible fixed assets | 22/27 | €911,205 | €808,287 | -€102,918 | -11.3% |
| Land and buildings | 22 | €425,188 | €781,382 | +€356,194 | +83.8% |
| Plant, machinery and equipment | 23 | €24,751 | €23,466 | -€1,284 | -5.2% |
| Furniture and vehicles | 24 | €7,059 | €3,439 | -€3,620 | -51.3% |
| Assets under construction and advance payments | 27 | €454,207 | - | -€454,207 | |
| Financial fixed assets | 28 | - | €425,000 | +€425,000 | |
| Current assets | 29/58 | €79,134 | €973,723 | +€894,589 | +1,130% |
| Stocks and contracts in progress | 3 | - | €593,980 | +€593,980 | |
| Stocks | 30/36 | - | €593,980 | +€593,980 | |
| Amounts receivable within one year | 40/41 | €39,289 | €44,453 | +€5,164 | +13.1% |
| Trade receivables | 40 | €38,842 | €44,453 | +€5,611 | +14.4% |
| Other amounts receivable | 41 | €447 | - | -€447 | |
| Cash at bank and in hand | 54/58 | €34,552 | €329,783 | +€295,231 | +854% |
| Deferred charges and accrued income | 490/1 | €5,293 | €5,507 | +€214 | +4.0% |
| Total equity and liabilities | 10/49 | €990,339 | €2,207,011 | +€1.2m | +123% |
| Equity | 10/15 | €207,229 | €263,687 | +€56,458 | +27.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,890 | €97,890 | = | 0.0% |
| Distributable reserves | 133 | €97,890 | €97,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,339 | €145,797 | +€56,458 | +63.2% |
| Amounts payable | 17/49 | €783,110 | €1,943,323 | +€1.2m | +148% |
| Amounts payable after more than one year | 17 | €664,675 | €1,621,775 | +€957,100 | +144% |
| Financial debts | 170/4 | €664,675 | €1,621,775 | +€957,100 | +144% |
| Amounts payable within one year | 42/48 | €118,435 | €321,549 | +€203,113 | +171% |
| Current portion of amounts payable after more than one year | 42 | €38,419 | €115,843 | +€77,423 | +202% |
| Trade debts | 44 | €7,649 | €13,486 | +€5,837 | +76.3% |
| Suppliers | 440/4 | €7,649 | €13,486 | +€5,837 | +76.3% |
| Advances received on contracts in progress | 46 | €4,840 | €20,380 | +€15,540 | +321% |
| Taxes, remuneration and social security | 45 | €55,249 | €57,434 | +€2,185 | +4.0% |
| Taxes | 450/3 | €55,249 | €57,434 | +€2,185 | +4.0% |
| Other amounts payable | 47/48 | €12,278 | €114,406 | +€102,128 | +832% |
| Remuneration, social security and pensions | 62 | €625 | - | -€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,984 | €34,646 | +€7,662 | +28.4% |
| Other operating charges | 640/8 | €12,052 | €16,582 | +€4,530 | +37.6% |
| Non-recurring operating charges | 66A | - | €1,772 | +€1,772 | |
| Gross operating margin | 9900 | €122,014 | €184,786 | +€62,771 | +51.4% |
| Operating profit (loss) | 9901 | €82,354 | €131,786 | +€49,432 | +60.0% |
| Financial income | 75/76B | €2 | €3 | +€1 | +54.0% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +54.0% |
| Financial charges | 65/66B | €20,964 | €49,073 | +€28,109 | +134% |
| Recurring financial charges | 65 | €20,964 | €49,073 | +€28,109 | +134% |
| Profit (loss) for the period before taxes | 9903 | €61,392 | €82,716 | +€21,324 | +34.7% |
| Income taxes | 67/77 | €23,010 | €26,258 | +€3,248 | +14.1% |
| Profit (loss) for the period | 9904 | €38,382 | €56,458 | +€18,076 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,382 | €56,458 | +€18,076 | +47.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.