Cost Reduction Projects Consulting: 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.
Cost Reduction Projects Consulting
Largest movements
- Cash -€269,510
down €269,510 (-69.1%), from €390,195 to €120,685
mainly Contributions, distributions and other (-€319,676) and Receivables within one year (-€25,149)
- Tangible fixed assets -€29,996
down €29,996 (-34.4%), from €87,171 to €57,175
of which Furniture and vehicles: -€31,333
- Receivables within one year +€25,149
up €25,149 (+32.3%), from €77,954 to €103,103
of which Other amounts receivable: +€34,726
- Deferred charges and accrued income +€6,304
up €6,304 (+123%), from €5,124 to €11,427
- Reserves -€243,780
down €243,780 (-52.2%), from €467,398 to €223,618
- Trade debts -€17,157
down €17,157 (-91.1%), from €18,825 to €1,668
- Debts after one year -€6,145
down €6,145 (-41.8%), from €14,709 to €8,564
- Gross operating margin -€56,791
down €56,791 (-26.2%), from €216,878 to €160,088
- Taxes -€13,597
down €13,597 (-25.3%), from €53,752 to €40,155
- Other operating charges +€12,678
up €12,678 (+2,193%), from €578 to €13,256
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 | €560,444 | €292,390 | -€268,054 | -47.8% |
| Fixed assets | 21/28 | €87,171 | €57,175 | -€29,996 | -34.4% |
| Tangible fixed assets | 22/27 | €87,171 | €57,175 | -€29,996 | -34.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €318 | +€318 | |
| Furniture and vehicles | 24 | €87,171 | €55,838 | -€31,333 | -35.9% |
| Other tangible fixed assets | 26 | €0 | €1,018 | +€1,018 | |
| Current assets | 29/58 | €473,273 | €235,215 | -€238,058 | -50.3% |
| Amounts receivable within one year | 40/41 | €77,954 | €103,103 | +€25,149 | +32.3% |
| Trade receivables | 40 | €42,007 | €32,430 | -€9,578 | -22.8% |
| Other amounts receivable | 41 | €35,947 | €70,673 | +€34,726 | +96.6% |
| Cash at bank and in hand | 54/58 | €390,195 | €120,685 | -€269,510 | -69.1% |
| Deferred charges and accrued income | 490/1 | €5,124 | €11,427 | +€6,304 | +123% |
| Total equity and liabilities | 10/49 | €560,444 | €292,390 | -€268,054 | -47.8% |
| Equity | 10/15 | €485,948 | €242,168 | -€243,780 | -50.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €467,398 | €223,618 | -€243,780 | -52.2% |
| Distributable reserves | 133 | €467,398 | €223,618 | -€243,780 | -52.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €74,496 | €50,222 | -€24,274 | -32.6% |
| Amounts payable after more than one year | 17 | €14,709 | €8,564 | -€6,145 | -41.8% |
| Financial debts | 170/4 | €14,709 | €8,564 | -€6,145 | -41.8% |
| Amounts payable within one year | 42/48 | €59,787 | €41,658 | -€18,129 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €5,916 | €6,145 | +€229 | +3.9% |
| Financial debts | 43 | €2,087 | €1,179 | -€909 | -43.5% |
| Credit institutions | 430/8 | €2,087 | €1,179 | -€909 | -43.5% |
| Trade debts | 44 | €18,825 | €1,668 | -€17,157 | -91.1% |
| Suppliers | 440/4 | €18,825 | €1,668 | -€17,157 | -91.1% |
| Taxes, remuneration and social security | 45 | €32,959 | €32,666 | -€292 | -0.9% |
| Taxes | 450/3 | €32,959 | €32,666 | -€292 | -0.9% |
| Non-recurring operating income | 76A | €41,015 | €3,693 | -€37,322 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,466 | €28,239 | -€1,227 | -4.2% |
| Other operating charges | 640/8 | €578 | €13,256 | +€12,678 | +2,193% |
| Non-recurring operating charges | 66A | €15,905 | - | -€15,905 | |
| Gross operating margin | 9900 | €216,878 | €160,088 | -€56,791 | -26.2% |
| Operating profit (loss) | 9901 | €170,930 | €118,593 | -€52,337 | -30.6% |
| Financial income | 75/76B | €4 | €0 | -€4 | -96.4% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -96.4% |
| Financial charges | 65/66B | €1,675 | €2,542 | +€867 | +51.8% |
| Recurring financial charges | 65 | €1,675 | €2,542 | +€867 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €169,259 | €116,052 | -€53,208 | -31.4% |
| Income taxes | 67/77 | €53,752 | €40,155 | -€13,597 | -25.3% |
| Profit (loss) for the period | 9904 | €115,507 | €75,897 | -€39,610 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,507 | €75,897 | -€39,610 | -34.3% |
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 1 November 2026 via checked.be.