EXECUTIVE CONSULTING & PROJECTS: 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.
EXECUTIVE CONSULTING & PROJECTS
Largest movements
- Cash +€32,093
up €32,093 (+36.9%), from €87,023 to €119,116
mainly Other debts (+€112,633) and Net result for the year (+€75,020)
- Receivables within one year -€20,068
down €20,068 (-59.0%), from €34,020 to €13,953
of which Trade receivables: -€22,360
- Tangible fixed assets -€11,640
down €11,640 (-42.2%), from €27,611 to €15,971
of which Furniture and vehicles: -€9,525
- Other debts +€112,633
up €112,633 (+4784.7%), from €2,354 to €114,987
- Profit (loss) carried forward -€112,193
down €112,193 (-100.0%), from €112,193 to €0
- Trade debts +€2,544
up €2,544 (+107.1%), from €2,376 to €4,921
- Tax, wage and social debts -€1,561
down €1,561 (-14.1%), from €11,075 to €9,513
- Gross operating margin -€9,468
down €9,468 (-8.0%), from €118,811 to €109,343
- Depreciation +€2,737
up €2,737 (+30.7%), from €8,903 to €11,640
- Taxes -€2,465
down €2,465 (-10.6%), from €23,167 to €20,702
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,876 | €150,344 | +€1,468 | +1.0% |
| Fixed assets | 21/28 | €27,611 | €15,971 | -€11,640 | -42.2% |
| Tangible fixed assets | 22/27 | €27,611 | €15,971 | -€11,640 | -42.2% |
| Plant, machinery and equipment | 23 | €4,458 | €2,717 | -€1,741 | -39.1% |
| Furniture and vehicles | 24 | €21,133 | €11,608 | -€9,525 | -45.1% |
| Other tangible fixed assets | 26 | €2,020 | €1,646 | -€374 | -18.5% |
| Current assets | 29/58 | €121,264 | €134,373 | +€13,108 | +10.8% |
| Amounts receivable within one year | 40/41 | €34,020 | €13,953 | -€20,068 | -59.0% |
| Trade receivables | 40 | €25,182 | €2,822 | -€22,360 | -88.8% |
| Other amounts receivable | 41 | €8,838 | €11,130 | +€2,292 | +25.9% |
| Cash at bank and in hand | 54/58 | €87,023 | €119,116 | +€32,093 | +36.9% |
| Deferred charges and accrued income | 490/1 | €222 | €1,304 | +€1,083 | +488.8% |
| Total equity and liabilities | 10/49 | €148,876 | €150,344 | +€1,468 | +1.0% |
| Equity | 10/15 | €132,653 | €20,460 | -€112,193 | -84.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €112,193 | €0 | -€112,193 | -100.0% |
| Amounts payable | 17/49 | €16,223 | €129,884 | +€113,661 | +700.6% |
| Amounts payable within one year | 42/48 | €15,805 | €129,421 | +€113,616 | +718.8% |
| Trade debts | 44 | €2,376 | €4,921 | +€2,544 | +107.1% |
| Suppliers | 440/4 | €2,376 | €4,921 | +€2,544 | +107.1% |
| Taxes, remuneration and social security | 45 | €11,075 | €9,513 | -€1,561 | -14.1% |
| Taxes | 450/3 | €11,075 | €9,513 | -€1,561 | -14.1% |
| Other amounts payable | 47/48 | €2,354 | €114,987 | +€112,633 | +4784.7% |
| Accrued charges and deferred income | 492/3 | €418 | €463 | +€45 | +10.8% |
| Non-recurring operating income | 76A | €8,959 | €0 | -€8,959 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,903 | €11,640 | +€2,737 | +30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,605 | €1,254 | -€350 | -21.8% |
| Gross operating margin | 9900 | €118,811 | €109,343 | -€9,468 | -8.0% |
| Operating profit (loss) | 9901 | €108,303 | €96,448 | -€11,855 | -10.9% |
| Financial income | 75/76B | €168 | €0 | -€168 | -99.7% |
| Recurring financial income | 75 | €168 | €0 | -€168 | -99.7% |
| Financial charges | 65/66B | €549 | €726 | +€177 | +32.3% |
| Recurring financial charges | 65 | €549 | €726 | +€177 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €107,923 | €95,723 | -€12,200 | -11.3% |
| Income taxes | 67/77 | €23,167 | €20,702 | -€2,465 | -10.6% |
| Profit (loss) for the period | 9904 | €84,756 | €75,020 | -€9,735 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,756 | €75,020 | -€9,735 | -11.5% |
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 1 October 2026 via checked.be.