ERWIN ANDRIES CONSULT: 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
ERWIN ANDRIES CONSULT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€120,786
2024 · €108,438+€12,349
Equity
€595,447
2024 · €560,745+€34,703
Cash
€20,552
2024 · €12,143+€8,408
Balance sheet total
€963,163
2024 · €928,413+€34,750
Largest movements
Assets
- Receivables within one year +€54,520
up €54,520 (+60.6%), from €89,987 to €144,508
- Tangible fixed assets -€37,054
down €37,054 (-10.6%), from €348,980 to €311,927
of which Furniture and vehicles: -€34,153
Equity and liabilities
- Other debts +€56,226
up €56,226 (+129%), from €43,536 to €99,762
- Debts after one year -€49,410
down €49,410 (-28.6%), from €172,560 to €123,151
- Reserves +€34,703
up €34,703 (+7.6%), from €456,344 to €491,047
of which Distributable reserves: +€34,703
- Current portion of long-term debt -€12,944
down €12,944 (-18.4%), from €70,529 to €57,586
- Tax, wage and social debts +€10,543
up €10,543 (+24.1%), from €43,813 to €54,356
Income statement
- Gross operating margin +€32,015
up €32,015 (+16.9%), from €189,412 to €221,427
- Depreciation +€11,167
up €11,167 (+30.7%), from €36,336 to €47,503
- Taxes +€7,214
up €7,214 (+15.6%), from €46,162 to €53,377
- Provisions +€4,710
up €4,710, from -€4,710 to €0
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
€108,438
Gross operating margin
+€32,015
Depreciation
-€11,167
Provisions
-€4,710
Other operating charges
-€35
Financial income
+€2,211
Financial charges
+€1,249
Taxes
-€7,214
Result 2025
€120,786
raises the resultlowers the result
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.
From operations
+€170,948
Investment
-€10,449
Financing
-€152,090
Cash 2024
€12,143
From operations (derived)
+€170,948
Net result for the year
+€120,786
Depreciation
+€47,503
Receivables after one year
-€8,740
Receivables within one year
-€54,520
Smaller working-capital items
-€136
Trade debts
-€714
Tax, wage and social debts
+€10,543
Other debts
+€56,226
Investment (derived)
-€10,449
Investment in fixed assets (net)
-€10,449
Financing
-€152,090
Debts after one year
-€49,410
Current portion of long-term debt
-€12,944
Short-term financial debts
-€3,653
Contributions, distributions and other
-€86,084
Cash 2025
€20,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €928,413 | €963,163 | +€34,750 | +3.7% |
| Fixed assets | 21/28 | €486,480 | €449,427 | -€37,054 | -7.6% |
| Tangible fixed assets | 22/27 | €348,980 | €311,927 | -€37,054 | -10.6% |
| Land and buildings | 22 | €214,924 | €212,614 | -€2,310 | -1.1% |
| Plant, machinery and equipment | 23 | €3,709 | €3,118 | -€592 | -15.9% |
| Furniture and vehicles | 24 | €130,347 | €96,195 | -€34,153 | -26.2% |
| Financial fixed assets | 28 | €137,500 | €137,500 | = | 0.0% |
| Current assets | 29/58 | €441,933 | €513,736 | +€71,804 | +16.2% |
| Amounts receivable after more than one year | 29 | €318,072 | €326,811 | +€8,740 | +2.7% |
| Other amounts receivable | 291 | €318,072 | €326,811 | +€8,740 | +2.7% |
| Amounts receivable within one year | 40/41 | €89,987 | €144,508 | +€54,520 | +60.6% |
| Other amounts receivable | 41 | €89,987 | €144,508 | +€54,520 | +60.6% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,143 | €20,552 | +€8,408 | +69.2% |
| Deferred charges and accrued income | 490/1 | €1,730 | €1,865 | +€135 | +7.8% |
| Total equity and liabilities | 10/49 | €928,413 | €963,163 | +€34,750 | +3.7% |
| Equity | 10/15 | €560,745 | €595,447 | +€34,703 | +6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €456,344 | €491,047 | +€34,703 | +7.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €437,594 | €472,297 | +€34,703 | +7.9% |
| Profit (loss) carried forward | 14 | €85,809 | €85,809 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,290 | €15,290 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,290 | €15,290 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,290 | €5,290 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €352,378 | €352,425 | +€47 | 0.0% |
| Amounts payable after more than one year | 17 | €172,560 | €123,151 | -€49,410 | -28.6% |
| Financial debts | 170/4 | €172,560 | €123,151 | -€49,410 | -28.6% |
| Amounts payable within one year | 42/48 | €178,289 | €227,747 | +€49,458 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €70,529 | €57,586 | -€12,944 | -18.4% |
| Financial debts | 43 | €18,985 | €15,332 | -€3,653 | -19.2% |
| Credit institutions | 430/8 | €18,985 | €15,332 | -€3,653 | -19.2% |
| Trade debts | 44 | €1,426 | €712 | -€714 | -50.1% |
| Suppliers | 440/4 | €1,426 | €712 | -€714 | -50.1% |
| Taxes, remuneration and social security | 45 | €43,813 | €54,356 | +€10,543 | +24.1% |
| Taxes | 450/3 | €43,813 | €54,356 | +€10,543 | +24.1% |
| Other amounts payable | 47/48 | €43,536 | €99,762 | +€56,226 | +129% |
| Accrued charges and deferred income | 492/3 | €1,529 | €1,528 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,336 | €47,503 | +€11,167 | +30.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,710 | €0 | +€4,710 | |
| Other operating charges | 640/8 | €2,875 | €2,910 | +€35 | +1.2% |
| Gross operating margin | 9900 | €189,412 | €221,427 | +€32,015 | +16.9% |
| Operating profit (loss) | 9901 | €154,911 | €171,014 | +€16,102 | +10.4% |
| Financial income | 75/76B | €13,005 | €15,216 | +€2,211 | +17.0% |
| Recurring financial income | 75 | €13,005 | €15,216 | +€2,211 | +17.0% |
| Financial charges | 65/66B | €13,316 | €12,067 | -€1,249 | -9.4% |
| Recurring financial charges | 65 | €13,316 | €12,067 | -€1,249 | -9.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €154,600 | €174,163 | +€19,563 | +12.7% |
| Income taxes | 67/77 | €46,162 | €53,377 | +€7,214 | +15.6% |
| Profit (loss) for the period | 9904 | €108,438 | €120,786 | +€12,349 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,438 | €120,786 | +€12,349 | +11.4% |
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 21 October 2026 via checked.be.