F 13: 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
F 13
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€30,313
2025 · €21,018+€9,295
Equity
€81,158
2025 · €53,911+€27,247
Cash
€13,663
2025 · €13,972-€309
Balance sheet total
€544,393
2025 · €545,174-€781
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€29,880
down €29,880 (-9.5%), from €315,471 to €285,591
- Reserves +€27,247
up €27,247 (+57.1%), from €47,711 to €74,958
- Other debts -€6,837
down €6,837 (-5.4%), from €127,570 to €120,733
Income statement
- Gross operating margin +€18,835
up €18,835 (+28.6%), from €65,910 to €84,744
- Taxes +€7,697
up €7,697 (+173%), from €4,458 to €12,155
- Depreciation +€2,548
up €2,548 (+13.4%), from €18,961 to €21,509
From the 2025 result to the 2026 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 2025
€21,018
Gross operating margin
+€18,835
Depreciation
-€2,548
Other operating charges
+€293
Financial income
+€57
Financial charges
+€356
Taxes
-€7,697
Result 2026
€30,313
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€49,305
Investment
-€21,341
Financing
-€28,273
Cash 2025
€13,972
From operations (derived)
+€49,305
Net result for the year
+€30,313
Depreciation
+€21,509
Receivables within one year
+€1,039
Deferred charges and accrued income
-€737
Trade debts
+€1,138
Tax, wage and social debts
+€2,423
Other debts
-€6,837
Accrued charges and deferred income
+€456
Investment (derived)
-€21,341
Investment in fixed assets (net)
-€21,341
Financing
-€28,273
Debts after one year
-€29,880
Current portion of long-term debt
+€1,004
Short-term financial debts
+€3,668
Contributions, distributions and other
-€3,065
Cash 2026
€13,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,174 | €544,393 | -€781 | -0.1% |
| Fixed assets | 21/28 | €524,732 | €524,563 | -€169 | 0.0% |
| Tangible fixed assets | 22/27 | €524,732 | €524,563 | -€169 | 0.0% |
| Land and buildings | 22 | €524,732 | €505,399 | -€19,333 | -3.7% |
| Furniture and vehicles | 24 | - | €19,164 | +€19,164 | |
| Current assets | 29/58 | €20,442 | €19,830 | -€612 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,043 | €3 | -€1,039 | -99.7% |
| Trade receivables | 40 | €470 | €0 | -€470 | -100% |
| Other amounts receivable | 41 | €573 | €3 | -€570 | -99.4% |
| Cash at bank and in hand | 54/58 | €13,972 | €13,663 | -€309 | -2.2% |
| Deferred charges and accrued income | 490/1 | €5,428 | €6,164 | +€737 | +13.6% |
| Total equity and liabilities | 10/49 | €545,174 | €544,393 | -€781 | -0.1% |
| Equity | 10/15 | €53,911 | €81,158 | +€27,247 | +50.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,711 | €74,958 | +€27,247 | +57.1% |
| Distributable reserves | 133 | €47,711 | €74,958 | +€27,247 | +57.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €491,263 | €463,234 | -€28,028 | -5.7% |
| Amounts payable after more than one year | 17 | €315,471 | €285,591 | -€29,880 | -9.5% |
| Financial debts | 170/4 | €315,471 | €285,591 | -€29,880 | -9.5% |
| Amounts payable within one year | 42/48 | €172,576 | €173,972 | +€1,396 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €30,483 | €31,487 | +€1,004 | +3.3% |
| Financial debts | 43 | €5,141 | €8,810 | +€3,668 | +71.4% |
| Credit institutions | 430/8 | €5,141 | €8,810 | +€3,668 | +71.4% |
| Trade debts | 44 | €5,372 | €6,510 | +€1,138 | +21.2% |
| Suppliers | 440/4 | €5,372 | €6,510 | +€1,138 | +21.2% |
| Taxes, remuneration and social security | 45 | €4,010 | €6,433 | +€2,423 | +60.4% |
| Taxes | 450/3 | €1,510 | €3,933 | +€2,423 | +160% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €127,570 | €120,733 | -€6,837 | -5.4% |
| Accrued charges and deferred income | 492/3 | €3,216 | €3,671 | +€456 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,961 | €21,509 | +€2,548 | +13.4% |
| Other operating charges | 640/8 | €3,994 | €3,702 | -€293 | -7.3% |
| Gross operating margin | 9900 | €65,910 | €84,744 | +€18,835 | +28.6% |
| Operating profit (loss) | 9901 | €42,954 | €59,533 | +€16,579 | +38.6% |
| Financial income | 75/76B | €13 | €70 | +€57 | +429% |
| Recurring financial income | 75 | €13 | €70 | +€57 | +429% |
| Financial charges | 65/66B | €17,492 | €17,136 | -€356 | -2.0% |
| Recurring financial charges | 65 | €17,492 | €17,136 | -€356 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €25,475 | €42,467 | +€16,992 | +66.7% |
| Income taxes | 67/77 | €4,458 | €12,155 | +€7,697 | +173% |
| Profit (loss) for the period | 9904 | €21,018 | €30,313 | +€9,295 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,018 | €30,313 | +€9,295 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.