COURTOIS CONSULT: 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.
COURTOIS CONSULT
Largest movements
- Cash -€2,119
down €2,119 (-50.0%), from €4,239 to €2,119
mainly Trade debts (-€1,625) and Investment in fixed assets (net) (-€349)
- Receivables within one year +€293
up €293 (+10.6%), from €2,754 to €3,046
of which Other amounts receivable: +€1,883
- Tangible fixed assets +€179
up €179 (+162%), from €111 to €290
of which Furniture and vehicles: +€290
- Trade debts -€1,625
down €1,625 (-96.4%), from €1,685 to €61
- Purchases and services +€16,485
new in 2025: €16,485
- Gross operating margin -€3,385
down €3,385 (-88.4%), from €3,830 to €445
- Other operating charges -€399
down €399 (-53.4%), from €747 to €348
- Financial income +€181
new in 2025: €181
- Depreciation -€80
down €80 (-32.1%), from €249 to €169
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,103 | €5,455 | -€1,647 | -23.2% |
| Fixed assets | 21/28 | €111 | €290 | +€179 | +162% |
| Tangible fixed assets | 22/27 | €111 | €290 | +€179 | +162% |
| Plant, machinery and equipment | 23 | €111 | - | -€111 | |
| Furniture and vehicles | 24 | - | €290 | +€290 | |
| Current assets | 29/58 | €6,992 | €5,165 | -€1,827 | -26.1% |
| Amounts receivable within one year | 40/41 | €2,754 | €3,046 | +€293 | +10.6% |
| Trade receivables | 40 | €1,590 | - | -€1,590 | |
| Other amounts receivable | 41 | €1,164 | €3,046 | +€1,883 | +162% |
| Cash at bank and in hand | 54/58 | €4,239 | €2,119 | -€2,119 | -50.0% |
| Total equity and liabilities | 10/49 | €7,103 | €5,455 | -€1,647 | -23.2% |
| Equity | 10/15 | -€28,839 | -€28,879 | -€40 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,888 | €2,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,888 | €2,888 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,888 | €2,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,927 | -€37,967 | -€40 | -0.1% |
| Amounts payable | 17/49 | €35,942 | €34,334 | -€1,608 | -4.5% |
| Amounts payable within one year | 42/48 | €35,942 | €34,334 | -€1,608 | -4.5% |
| Trade debts | 44 | €1,685 | €61 | -€1,625 | -96.4% |
| Suppliers | 440/4 | €1,685 | €61 | -€1,625 | -96.4% |
| Other amounts payable | 47/48 | €34,256 | €34,273 | +€17 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €16,485 | +€16,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €169 | -€80 | -32.1% |
| Other operating charges | 640/8 | €747 | €348 | -€399 | -53.4% |
| Gross operating margin | 9900 | €3,830 | €445 | -€3,385 | -88.4% |
| Operating profit (loss) | 9901 | €2,834 | -€72 | -€2,906 | |
| Financial income | 75/76B | - | €181 | +€181 | |
| Recurring financial income | 75 | - | €181 | +€181 | |
| Financial charges | 65/66B | €125 | €148 | +€23 | +18.8% |
| Recurring financial charges | 65 | €125 | €148 | +€23 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €2,709 | -€40 | -€2,749 | |
| Profit (loss) for the period | 9904 | €2,709 | -€40 | -€2,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,709 | -€40 | -€2,749 |
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 22 October 2026 via checked.be.