E.CONSULT: what changed
Two fiscal 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
E.CONSULT
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€28,438
2024 · -€1,351-€27,087
Equity
€2.7m
2024 · €2.7m-€28,438
Cash
€481
2024 · €323+€159
Balance sheet total
€4.9m
2024 · €4.6m+€211,886
Largest movements
Assets
- Receivables within one year +€219,566
up €219,566 (+16.1%), from €1.4m to €1.6m
of which Other amounts receivable: +€224,201
Equity and liabilities
- Other debts +€233,048
up €233,048 (+12.6%), from €1.8m to €2.1m
Income statement
- Gross operating margin -€30,569
down €30,569 (-34.6%), from €88,404 to €57,836
- Financial income +€3,834
up €3,834 (+57.3%), from €6,695 to €10,529
- Other operating charges +€2,194
up €2,194 (+3.1%), from €70,293 to €72,487
- Depreciation -€2,147
down €2,147 (-17.7%), from €12,095 to €9,948
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
-€1,351
Gross operating margin
-€30,569
Depreciation
+€2,147
Other operating charges
-€2,194
Financial income
+€3,834
Financial charges
-€331
Taxes
+€26
Result 2025
-€28,438
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
+€22,837
Investment
-€2,109
Financing
-€20,569
Cash 2024
€323
From operations (derived)
+€22,837
Net result for the year
-€28,438
Depreciation
+€9,948
Receivables within one year
-€219,566
Trade debts
+€28,803
Tax, wage and social debts
-€958
Other debts
+€233,048
Investment (derived)
-€2,109
Investment in fixed assets (net)
-€2,109
Financing
-€20,569
Current portion of long-term debt
-€20,496
Short-term financial debts
-€74
Cash 2025
€481
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,649,571 | €4,861,456 | +€211,886 | +4.6% |
| Fixed assets | 21/28 | €3,271,393 | €3,263,554 | -€7,839 | -0.2% |
| Tangible fixed assets | 22/27 | €354,857 | €347,019 | -€7,839 | -2.2% |
| Land and buildings | 22 | €306,750 | €306,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,702 | +€1,702 | |
| Furniture and vehicles | 24 | €48,107 | €38,567 | -€9,540 | -19.8% |
| Financial fixed assets | 28 | €2,916,536 | €2,916,536 | = | 0.0% |
| Current assets | 29/58 | €1,378,178 | €1,597,902 | +€219,724 | +15.9% |
| Amounts receivable within one year | 40/41 | €1,360,925 | €1,580,491 | +€219,566 | +16.1% |
| Trade receivables | 40 | €7,005 | €2,370 | -€4,635 | -66.2% |
| Other amounts receivable | 41 | €1,353,920 | €1,578,121 | +€224,201 | +16.6% |
| Current investments | 50/53 | €16,930 | €16,930 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €323 | €481 | +€159 | +49.2% |
| Total equity and liabilities | 10/49 | €4,649,571 | €4,861,456 | +€211,886 | +4.6% |
| Equity | 10/15 | €2,705,026 | €2,676,588 | -€28,438 | -1.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,568,626 | €2,540,188 | -€28,438 | -1.1% |
| Amounts payable | 17/49 | €1,944,545 | €2,184,868 | +€240,323 | +12.4% |
| Amounts payable within one year | 42/48 | €1,944,545 | €2,184,868 | +€240,323 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €78,132 | €57,637 | -€20,496 | -26.2% |
| Financial debts | 43 | €14,948 | €14,875 | -€74 | -0.5% |
| Credit institutions | 430/8 | €14,948 | €14,875 | -€74 | -0.5% |
| Trade debts | 44 | €1,756 | €30,558 | +€28,803 | +1640.4% |
| Suppliers | 440/4 | €1,756 | €30,558 | +€28,803 | +1640.4% |
| Taxes, remuneration and social security | 45 | €2,758 | €1,801 | -€958 | -34.7% |
| Taxes | 450/3 | €2,758 | €1,801 | -€958 | -34.7% |
| Other amounts payable | 47/48 | €1,846,949 | €2,079,997 | +€233,048 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,095 | €9,948 | -€2,147 | -17.7% |
| Other operating charges | 640/8 | €70,293 | €72,487 | +€2,194 | +3.1% |
| Gross operating margin | 9900 | €88,404 | €57,836 | -€30,569 | -34.6% |
| Operating profit (loss) | 9901 | €6,017 | -€24,599 | -€30,616 | |
| Financial income | 75/76B | €6,695 | €10,529 | +€3,834 | +57.3% |
| Recurring financial income | 75 | €6,695 | €10,529 | +€3,834 | +57.3% |
| Financial charges | 65/66B | €13,743 | €14,074 | +€331 | +2.4% |
| Recurring financial charges | 65 | €13,743 | €14,074 | +€331 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,031 | -€28,145 | -€27,114 | -2628.8% |
| Income taxes | 67/77 | €319 | €293 | -€26 | -8.3% |
| Profit (loss) for the period | 9904 | -€1,351 | -€28,438 | -€27,087 | -2005.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,351 | -€28,438 | -€27,087 | -2005.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.