CSR 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.
CSR Consulting
Largest movements
- Financial fixed assets +€900,000
up €900,000 (+1,719%), from €52,351 to €952,351
- Receivables after one year -€97,674
down €97,674 (-100%), from €97,674 to €0
- Cash -€38,553
down €38,553 (-24.1%), from €160,220 to €121,667
mainly Investment in fixed assets (net) (-€900,000) and Receivables within one year (-€14,732)
- Receivables within one year +€14,732
up €14,732 (+80.5%), from €18,308 to €33,039
of which Trade receivables: +€14,732
- Deferred charges and accrued income -€14,544
down €14,544 (-91.6%), from €15,881 to €1,337
- Profit (loss) carried forward +€604,520
up €604,520 (+386%), from €156,542 to €761,063
- Debts after one year +€138,667
up €138,667, from €0 to €138,667
- Current portion of long-term debt +€15,559
up €15,559 (+877%), from €1,774 to €17,333
- Tax, wage and social debts +€12,519
up €12,519 (+236%), from €5,298 to €17,817
- Financial income +€542,153
up €542,153 (+12,112%), from €4,476 to €546,629
- Financial charges +€13,021
up €13,021 (+883%), from €1,475 to €14,496
- Gross operating margin +€7,259
up €7,259 (+8.0%), from €90,712 to €97,971
- Taxes +€4,076
up €4,076 (+19.4%), from €20,979 to €25,055
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 | €344,433 | €1,108,394 | +€763,960 | +222% |
| Fixed assets | 21/28 | €52,351 | €952,351 | +€900,000 | +1,719% |
| Financial fixed assets | 28 | €52,351 | €952,351 | +€900,000 | +1,719% |
| Current assets | 29/58 | €292,083 | €156,043 | -€136,040 | -46.6% |
| Amounts receivable after more than one year | 29 | €97,674 | €0 | -€97,674 | -100% |
| Other amounts receivable | 291 | €97,674 | €0 | -€97,674 | -100% |
| Amounts receivable within one year | 40/41 | €18,308 | €33,039 | +€14,732 | +80.5% |
| Trade receivables | 40 | €18,057 | €32,789 | +€14,732 | +81.6% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,220 | €121,667 | -€38,553 | -24.1% |
| Deferred charges and accrued income | 490/1 | €15,881 | €1,337 | -€14,544 | -91.6% |
| Total equity and liabilities | 10/49 | €344,433 | €1,108,394 | +€763,960 | +222% |
| Equity | 10/15 | €177,002 | €781,523 | +€604,520 | +342% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,542 | €761,063 | +€604,520 | +386% |
| Amounts payable | 17/49 | €167,431 | €326,871 | +€159,440 | +95.2% |
| Amounts payable after more than one year | 17 | €0 | €138,667 | +€138,667 | |
| Financial debts | 170/4 | €0 | €138,667 | +€138,667 | |
| Amounts payable within one year | 42/48 | €167,431 | €188,204 | +€20,773 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €1,774 | €17,333 | +€15,559 | +877% |
| Financial debts | 43 | €0 | €112 | +€112 | |
| Credit institutions | 430/8 | €0 | €112 | +€112 | |
| Trade debts | 44 | €3,971 | €1,801 | -€2,169 | -54.6% |
| Suppliers | 440/4 | €3,971 | €1,801 | -€2,169 | -54.6% |
| Taxes, remuneration and social security | 45 | €5,298 | €17,817 | +€12,519 | +236% |
| Taxes | 450/3 | €5,298 | €17,817 | +€12,519 | +236% |
| Other amounts payable | 47/48 | €156,388 | €151,140 | -€5,248 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €731 | €529 | -€202 | -27.7% |
| Gross operating margin | 9900 | €90,712 | €97,971 | +€7,259 | +8.0% |
| Operating profit (loss) | 9901 | €89,980 | €97,442 | +€7,462 | +8.3% |
| Financial income | 75/76B | €4,476 | €546,629 | +€542,153 | +12,112% |
| Recurring financial income | 75 | €4,476 | €546,629 | +€542,153 | +12,112% |
| Financial charges | 65/66B | €1,475 | €14,496 | +€13,021 | +883% |
| Recurring financial charges | 65 | €1,475 | €14,496 | +€13,021 | +883% |
| Profit (loss) for the period before taxes | 9903 | €92,981 | €629,575 | +€536,594 | +577% |
| Income taxes | 67/77 | €20,979 | €25,055 | +€4,076 | +19.4% |
| Profit (loss) for the period | 9904 | €72,002 | €604,520 | +€532,518 | +740% |
| Profit (loss) for the period to be appropriated | 9905 | €72,002 | €604,520 | +€532,518 | +740% |
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 20 October 2026 via checked.be.