EFFECTIVE 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.
EFFECTIVE CONSULTING
Largest movements
- Cash +€40,134
up €40,134 (+15.6%), from €256,588 to €296,722
mainly Net result for the year (+€48,701) and Depreciation (+€20,695)
- Reserves +€53,387
up €53,387 (+17.1%), from €312,699 to €366,085
of which Distributable reserves: +€68,162
- Other debts -€15,928
down €15,928 (-45.4%), from €35,071 to €19,143
- Taxes +€13,177
up €13,177 (+55.1%), from €23,906 to €37,082
- Depreciation +€4,664
up €4,664 (+29.1%), from €16,030 to €20,695
- Write-downs -€1,849
no longer reported in 2025 (was €1,849)
- Other operating charges -€1,741
down €1,741 (-75.2%), from €2,314 to €573
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 | €369,846 | €405,784 | +€35,938 | +9.7% |
| Fixed assets | 21/28 | €59,778 | €57,084 | -€2,694 | -4.5% |
| Tangible fixed assets | 22/27 | €59,262 | €56,568 | -€2,694 | -4.5% |
| Land and buildings | 22 | €22,370 | €25,343 | +€2,973 | +13.3% |
| Plant, machinery and equipment | 23 | €2,270 | €2,165 | -€105 | -4.6% |
| Furniture and vehicles | 24 | €32,881 | €27,817 | -€5,064 | -15.4% |
| Other tangible fixed assets | 26 | €1,740 | €1,242 | -€498 | -28.6% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €310,068 | €348,700 | +€38,632 | +12.5% |
| Amounts receivable within one year | 40/41 | €53,480 | €51,199 | -€2,281 | -4.3% |
| Trade receivables | 40 | €49,330 | €48,787 | -€543 | -1.1% |
| Other amounts receivable | 41 | €4,149 | €2,412 | -€1,738 | -41.9% |
| Cash at bank and in hand | 54/58 | €256,588 | €296,722 | +€40,134 | +15.6% |
| Deferred charges and accrued income | 490/1 | - | €779 | +€779 | |
| Total equity and liabilities | 10/49 | €369,846 | €405,784 | +€35,938 | +9.7% |
| Equity | 10/15 | €325,099 | €378,485 | +€53,387 | +16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €312,699 | €366,085 | +€53,387 | +17.1% |
| Non-distributable reserves | 130/1 | €14,775 | - | -€14,775 | |
| Reserves not available under the articles | 1311 | €14,775 | - | -€14,775 | |
| Distributable reserves | 133 | €297,924 | €366,085 | +€68,162 | +22.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €44,747 | €27,299 | -€17,449 | -39.0% |
| Amounts payable within one year | 42/48 | €44,747 | €27,299 | -€17,449 | -39.0% |
| Trade debts | 44 | €1,909 | €1,305 | -€604 | -31.6% |
| Suppliers | 440/4 | €1,909 | €1,305 | -€604 | -31.6% |
| Taxes, remuneration and social security | 45 | €7,767 | €6,850 | -€916 | -11.8% |
| Taxes | 450/3 | €7,511 | €6,690 | -€820 | -10.9% |
| Remuneration and social security | 454/9 | €256 | €160 | -€96 | -37.5% |
| Other amounts payable | 47/48 | €35,071 | €19,143 | -€15,928 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,030 | €20,695 | +€4,664 | +29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,849 | - | -€1,849 | |
| Other operating charges | 640/8 | €2,314 | €573 | -€1,741 | -75.2% |
| Gross operating margin | 9900 | €103,782 | €104,575 | +€793 | +0.8% |
| Operating profit (loss) | 9901 | €83,589 | €83,308 | -€282 | -0.3% |
| Financial income | 75/76B | €2,380 | €2,706 | +€326 | +13.7% |
| Recurring financial income | 75 | €2,379 | €2,706 | +€327 | +13.7% |
| Non-recurring financial income | 76B | €1 | €0 | -€1 | -96.3% |
| Financial charges | 65/66B | €233 | €231 | -€2 | -0.8% |
| Recurring financial charges | 65 | €233 | €130 | -€103 | -44.2% |
| Non-recurring financial charges | 66B | - | €101 | +€101 | |
| Profit (loss) for the period before taxes | 9903 | €85,737 | €85,783 | +€46 | +0.1% |
| Income taxes | 67/77 | €23,906 | €37,082 | +€13,177 | +55.1% |
| Profit (loss) for the period | 9904 | €61,831 | €48,701 | -€13,130 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,831 | €48,701 | -€13,130 | -21.2% |
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 16 October 2026 via checked.be.