DOWN TO EARTH: 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.
What changed
DOWN TO EARTH
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€73,776
2024 · €30,650+€43,126
Equity
€4.8m
2024 · €4.7m+€73,776
Cash
€85,521
2024 · €63,975+€21,546
Balance sheet total
€10.8m
2024 · €9.4m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+38.7%), from €3.9m to €5.4m
of which Land and buildings: +€1.5m
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+81.5%), from €1.6m to €3.0m
Income statement
- Depreciation +€183,705
up €183,705 (+128.8%), from €142,646 to €326,351
- Financial income +€116,915
up €116,915 (+332.8%), from €35,131 to €152,046
- Gross operating margin +€116,596
up €116,596 (+50.8%), from €229,322 to €345,917
- Other operating charges +€14,351
up €14,351 (+88.4%), from €16,241 to €30,592
- Financial charges -€8,481
down €8,481 (-12.7%), from €66,598 to €58,117
of which Financial charges: -€8,481
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.
Result 2024
€30,650
Gross operating margin
+€116,596
Depreciation
-€183,705
Other operating charges
-€14,351
Financial income
+€116,915
Financial charges
+€8,481
Taxes
-€808
Result 2025
€73,776
Cash bridge derived
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.
From operations
+€373,951
Investment
-€1.7m
Financing
+€1.4m
Cash 2024
€63,975
From operations (derived)
+€373,951
Net result for the year
+€73,776
Depreciation
+€326,351
Receivables within one year
+€11,715
Deferred charges and accrued income
+€24,531
Trade debts
+€10,935
Smaller working-capital items
-€1,944
Other debts
-€71,413
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.8m
Current investments
+€106,918
Financing
+€1.4m
Debts after one year
+€1.3m
Current portion of long-term debt
+€32,156
Cash 2025
€85,521
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,388,054 | €10,773,008 | +€1.4m | +14.8% |
| Fixed assets | 21/28 | €6,027,149 | €7,533,721 | +€1.5m | +25.0% |
| Tangible fixed assets | 22/27 | €3,897,149 | €5,403,721 | +€1.5m | +38.7% |
| Land and buildings | 22 | €3,754,013 | €5,271,292 | +€1.5m | +40.4% |
| Plant, machinery and equipment | 23 | €117,890 | €99,051 | -€18,839 | -16.0% |
| Furniture and vehicles | 24 | €25,246 | €33,378 | +€8,132 | +32.2% |
| Financial fixed assets | 28 | €2,130,000 | €2,130,000 | = | 0.0% |
| Current assets | 29/58 | €3,360,905 | €3,239,287 | -€121,619 | -3.6% |
| Amounts receivable within one year | 40/41 | €69,207 | €57,492 | -€11,715 | -16.9% |
| Trade receivables | 40 | €62,835 | €29,508 | -€33,327 | -53.0% |
| Other amounts receivable | 41 | €6,372 | €27,984 | +€21,611 | +339.1% |
| Current investments | 50/53 | €3,190,652 | €3,083,735 | -€106,918 | -3.4% |
| Cash at bank and in hand | 54/58 | €63,975 | €85,521 | +€21,546 | +33.7% |
| Deferred charges and accrued income | 490/1 | €37,071 | €12,540 | -€24,531 | -66.2% |
| Total equity and liabilities | 10/49 | €9,388,054 | €10,773,008 | +€1.4m | +14.8% |
| Equity | 10/15 | €4,716,372 | €4,790,148 | +€73,776 | +1.6% |
| Contributions | 10/11 | €424,800 | €424,800 | = | 0.0% |
| Reserves | 13 | €177,268 | €177,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,500 | €43,500 | = | 0.0% |
| Distributable reserves | 133 | €133,768 | €133,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,114,304 | €4,188,080 | +€73,776 | +1.8% |
| Amounts payable | 17/49 | €4,671,683 | €5,982,860 | +€1.3m | +28.1% |
| Amounts payable after more than one year | 17 | €1,645,447 | €2,986,891 | +€1.3m | +81.5% |
| Financial debts | 170/4 | €1,645,447 | €2,986,891 | +€1.3m | +81.5% |
| Amounts payable within one year | 42/48 | €3,018,526 | €2,991,650 | -€26,875 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €95,184 | €127,340 | +€32,156 | +33.8% |
| Trade debts | 44 | €10,694 | €21,629 | +€10,935 | +102.2% |
| Suppliers | 440/4 | €10,694 | €21,629 | +€10,935 | +102.2% |
| Taxes, remuneration and social security | 45 | €148 | €1,595 | +€1,447 | +975.1% |
| Taxes | 450/3 | €148 | €1,595 | +€1,447 | +975.1% |
| Other amounts payable | 47/48 | €2,912,500 | €2,841,087 | -€71,413 | -2.5% |
| Accrued charges and deferred income | 492/3 | €7,710 | €4,319 | -€3,391 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,646 | €326,351 | +€183,705 | +128.8% |
| Other operating charges | 640/8 | €16,241 | €30,592 | +€14,351 | +88.4% |
| Gross operating margin | 9900 | €229,322 | €345,917 | +€116,596 | +50.8% |
| Operating profit (loss) | 9901 | €70,435 | -€11,025 | -€81,461 | |
| Financial income | 75/76B | €35,131 | €152,046 | +€116,915 | +332.8% |
| Recurring financial income | 75 | €35,131 | €152,046 | +€116,915 | +332.8% |
| Financial charges | 65/66B | €66,598 | €58,117 | -€8,481 | -12.7% |
| Recurring financial charges | 65 | €66,598 | €58,117 | -€8,481 | -12.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €38,969 | €82,904 | +€43,935 | +112.7% |
| Income taxes | 67/77 | €8,319 | €9,128 | +€808 | +9.7% |
| Profit (loss) for the period | 9904 | €30,650 | €73,776 | +€43,126 | +140.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,650 | €73,776 | +€43,126 | +140.7% |
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 11 October 2026 via checked.be.