CSM 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.
CSM CONSULTING
Largest movements
- Receivables within one year +€14,172
up €14,172 (+12.7%), from €111,606 to €125,778
of which Other amounts receivable: +€34,717
- Deferred charges and accrued income +€13,500
up €13,500 (+180%), from €7,500 to €21,000
- Tangible fixed assets -€5,580
down €5,580 (-12.1%), from €46,206 to €40,626
- Cash +€5,352
up €5,352 (+102%), from €5,229 to €10,581
mainly Net result for the year (+€20,474) and Tax, wage and social debts (+€10,805)
- Reserves +€20,474
up €20,474 (+28.3%), from €72,383 to €92,856
of which Distributable reserves: +€20,474
- Tax, wage and social debts +€10,805
up €10,805 (+47.5%), from €22,768 to €33,573
of which Taxes: +€7,305
- Debts after one year -€7,138
down €7,138 (-21.1%), from €33,855 to €26,718
- Trade debts +€3,144
up €3,144 (+17.5%), from €17,919 to €21,063
- Short-term financial debts -€2,831
down €2,831 (-51.9%), from €5,450 to €2,619
- Gross operating margin +€27,937
up €27,937 (+131%), from €21,313 to €49,251
- Taxes +€10,163
up €10,163 (+304%), from €3,348 to €13,510
- Financial charges +€2,285
up €2,285 (+55.2%), from €4,136 to €6,420
- Other operating charges -€1,265
down €1,265 (-26.2%), from €4,821 to €3,556
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 | €177,904 | €205,349 | +€27,444 | +15.4% |
| Fixed assets | 21/28 | €46,206 | €40,626 | -€5,580 | -12.1% |
| Tangible fixed assets | 22/27 | €46,206 | €40,626 | -€5,580 | -12.1% |
| Plant, machinery and equipment | 23 | €46,206 | €40,626 | -€5,580 | -12.1% |
| Current assets | 29/58 | €131,699 | €164,723 | +€33,024 | +25.1% |
| Amounts receivable after more than one year | 29 | €7,363 | €7,363 | = | 0.0% |
| Trade receivables | 290 | €7,363 | €7,363 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,606 | €125,778 | +€14,172 | +12.7% |
| Trade receivables | 40 | €20,545 | - | -€20,545 | |
| Other amounts receivable | 41 | €91,061 | €125,778 | +€34,717 | +38.1% |
| Cash at bank and in hand | 54/58 | €5,229 | €10,581 | +€5,352 | +102% |
| Deferred charges and accrued income | 490/1 | €7,500 | €21,000 | +€13,500 | +180% |
| Total equity and liabilities | 10/49 | €177,904 | €205,349 | +€27,444 | +15.4% |
| Equity | 10/15 | €90,983 | €111,456 | +€20,474 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,383 | €92,856 | +€20,474 | +28.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,523 | €90,996 | +€20,474 | +29.0% |
| Amounts payable | 17/49 | €86,922 | €93,892 | +€6,971 | +8.0% |
| Amounts payable after more than one year | 17 | €33,855 | €26,718 | -€7,138 | -21.1% |
| Financial debts | 170/4 | €33,855 | €26,718 | -€7,138 | -21.1% |
| Amounts payable within one year | 42/48 | €53,066 | €66,151 | +€13,085 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €6,929 | €7,138 | +€209 | +3.0% |
| Financial debts | 43 | €5,450 | €2,619 | -€2,831 | -51.9% |
| Credit institutions | 430/8 | €5,450 | €2,619 | -€2,831 | -51.9% |
| Trade debts | 44 | €17,919 | €21,063 | +€3,144 | +17.5% |
| Suppliers | 440/4 | €17,919 | €21,063 | +€3,144 | +17.5% |
| Taxes, remuneration and social security | 45 | €22,768 | €33,573 | +€10,805 | +47.5% |
| Taxes | 450/3 | €22,768 | €30,073 | +€7,305 | +32.1% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | - | €1,758 | +€1,758 | |
| Accrued charges and deferred income | 492/3 | - | €1,023 | +€1,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €5,580 | = | 0.0% |
| Other operating charges | 640/8 | €4,821 | €3,556 | -€1,265 | -26.2% |
| Gross operating margin | 9900 | €21,313 | €49,251 | +€27,937 | +131% |
| Operating profit (loss) | 9901 | €10,912 | €40,115 | +€29,203 | +268% |
| Financial income | 75/76B | €471 | €289 | -€182 | -38.6% |
| Recurring financial income | 75 | €471 | €289 | -€182 | -38.6% |
| Financial charges | 65/66B | €4,136 | €6,420 | +€2,285 | +55.2% |
| Recurring financial charges | 65 | €4,136 | €6,420 | +€2,285 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €7,247 | €33,984 | +€26,736 | +369% |
| Income taxes | 67/77 | €3,348 | €13,510 | +€10,163 | +304% |
| Profit (loss) for the period | 9904 | €3,900 | €20,474 | +€16,574 | +425% |
| Profit (loss) for the period to be appropriated | 9905 | €3,900 | €20,474 | +€16,574 | +425% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.