ETHOS 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.
ETHOS CONSULTING
Largest movements
- Receivables within one year -€34,040
down €34,040 (-52.0%), from €65,444 to €31,404
of which Trade receivables: -€45,308
- Cash +€32,217
up €32,217 (+26.3%), from €122,502 to €154,719
mainly Net result for the year (+€54,497) and Receivables within one year (+€34,040)
- Tangible fixed assets -€19,876
down €19,876 (-26.6%), from €74,802 to €54,926
of which Furniture and vehicles: -€14,352
- Profit (loss) carried forward +€54,497
up €54,497 (+41.5%), from €131,229 to €185,726
- Other debts -€50,520
down €50,520 (-77.0%), from €65,633 to €15,113
- Tax, wage and social debts -€40,538
down €40,538 (-85.8%), from €47,242 to €6,704
- Provisions +€17,000
new in 2025: €17,000
- Gross operating margin -€40,283
down €40,283 (-30.0%), from €134,323 to €94,040
- Taxes -€7,222
down €7,222 (-32.8%), from €22,028 to €14,806
- Depreciation -€1,889
down €1,889 (-7.3%), from €25,751 to €23,862
- Other operating charges -€1,605
down €1,605 (-69.3%), from €2,317 to €712
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 | €263,428 | €241,729 | -€21,699 | -8.2% |
| Fixed assets | 21/28 | €75,482 | €55,606 | -€19,876 | -26.3% |
| Tangible fixed assets | 22/27 | €74,802 | €54,926 | -€19,876 | -26.6% |
| Land and buildings | 22 | €17,873 | €14,602 | -€3,271 | -18.3% |
| Plant, machinery and equipment | 23 | €10,785 | €8,532 | -€2,253 | -20.9% |
| Furniture and vehicles | 24 | €46,144 | €31,792 | -€14,352 | -31.1% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €187,946 | €186,123 | -€1,823 | -1.0% |
| Amounts receivable within one year | 40/41 | €65,444 | €31,404 | -€34,040 | -52.0% |
| Trade receivables | 40 | €62,472 | €17,164 | -€45,308 | -72.5% |
| Other amounts receivable | 41 | €2,972 | €14,240 | +€11,268 | +379% |
| Cash at bank and in hand | 54/58 | €122,502 | €154,719 | +€32,217 | +26.3% |
| Total equity and liabilities | 10/49 | €263,428 | €241,729 | -€21,699 | -8.2% |
| Equity | 10/15 | €145,489 | €199,986 | +€54,497 | +37.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,229 | €185,726 | +€54,497 | +41.5% |
| Provisions and deferred taxes | 16 | - | €17,000 | +€17,000 | |
| Provisions for liabilities and charges | 160/5 | - | €17,000 | +€17,000 | |
| Other liabilities and charges | 164/5 | - | €17,000 | +€17,000 | |
| Amounts payable | 17/49 | €117,939 | €24,743 | -€93,196 | -79.0% |
| Amounts payable within one year | 42/48 | €116,830 | €23,634 | -€93,196 | -79.8% |
| Current portion of amounts payable after more than one year | 42 | €2,533 | - | -€2,533 | |
| Trade debts | 44 | €1,422 | €1,817 | +€395 | +27.8% |
| Suppliers | 440/4 | €1,422 | €1,817 | +€395 | +27.8% |
| Taxes, remuneration and social security | 45 | €47,242 | €6,704 | -€40,538 | -85.8% |
| Taxes | 450/3 | €47,242 | €6,704 | -€40,538 | -85.8% |
| Other amounts payable | 47/48 | €65,633 | €15,113 | -€50,520 | -77.0% |
| Accrued charges and deferred income | 492/3 | €1,109 | €1,109 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,751 | €23,862 | -€1,889 | -7.3% |
| Other operating charges | 640/8 | €2,317 | €712 | -€1,605 | -69.3% |
| Gross operating margin | 9900 | €134,323 | €94,040 | -€40,283 | -30.0% |
| Operating profit (loss) | 9901 | €106,255 | €69,466 | -€36,789 | -34.6% |
| Financial income | 75/76B | €5 | €23 | +€18 | +360% |
| Recurring financial income | 75 | €5 | €23 | +€18 | +360% |
| Financial charges | 65/66B | €308 | €186 | -€122 | -39.6% |
| Recurring financial charges | 65 | €308 | €186 | -€122 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €105,952 | €69,303 | -€36,649 | -34.6% |
| Income taxes | 67/77 | €22,028 | €14,806 | -€7,222 | -32.8% |
| Profit (loss) for the period | 9904 | €83,924 | €54,497 | -€29,427 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,924 | €54,497 | -€29,427 | -35.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.