FAJEL Consultants: 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.
FAJEL Consultants
Largest movements
- Cash +€34,846
up €34,846 (+23.3%), from €149,284 to €184,130
mainly Other debts (+€166,738) and Net result for the year (+€90,735)
- Receivables within one year +€26,851
up €26,851 (+46.2%), from €58,056 to €84,907
of which Other amounts receivable: +€27,527
- Current investments +€19,190
up €19,190 (+7.3%), from €261,092 to €280,282
- Other debts +€166,738
up €166,738 (+4,601%), from €3,624 to €170,362
- Reserves -€76,750
down €76,750 (-19.5%), from €393,750 to €317,000
- Tax, wage and social debts -€10,681
down €10,681 (-21.8%), from €48,901 to €38,219
of which Taxes: -€13,681
- Gross operating margin -€60,526
down €60,526 (-23.3%), from €260,063 to €199,537
- Financial charges -€48,449
down €48,449 (-42.3%), from €114,611 to €66,162
- Taxes -€2,706
down €2,706 (-6.2%), from €43,434 to €40,728
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 | €471,667 | €551,288 | +€79,620 | +16.9% |
| Fixed assets | 21/28 | €1,439 | €0 | -€1,439 | -100% |
| Tangible fixed assets | 22/27 | €1,439 | €0 | -€1,439 | -100% |
| Furniture and vehicles | 24 | €1,439 | €0 | -€1,439 | -100% |
| Current assets | 29/58 | €470,228 | €551,288 | +€81,059 | +17.2% |
| Amounts receivable within one year | 40/41 | €58,056 | €84,907 | +€26,851 | +46.2% |
| Trade receivables | 40 | €32,778 | €32,101 | -€677 | -2.1% |
| Other amounts receivable | 41 | €25,278 | €52,806 | +€27,527 | +109% |
| Current investments | 50/53 | €261,092 | €280,282 | +€19,190 | +7.3% |
| Cash at bank and in hand | 54/58 | €149,284 | €184,130 | +€34,846 | +23.3% |
| Deferred charges and accrued income | 490/1 | €1,796 | €1,968 | +€172 | +9.6% |
| Total equity and liabilities | 10/49 | €471,667 | €551,288 | +€79,620 | +16.9% |
| Equity | 10/15 | €417,061 | €340,346 | -€76,715 | -18.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €393,750 | €317,000 | -€76,750 | -19.5% |
| Distributable reserves | 133 | €393,750 | €317,000 | -€76,750 | -19.5% |
| Profit (loss) carried forward | 14 | €3,311 | €3,346 | +€35 | +1.1% |
| Amounts payable | 17/49 | €54,607 | €210,941 | +€156,335 | +286% |
| Amounts payable within one year | 42/48 | €54,607 | €210,941 | +€156,335 | +286% |
| Financial debts | 43 | €1,803 | €1,815 | +€12 | +0.7% |
| Credit institutions | 430/8 | €1,803 | €1,815 | +€12 | +0.7% |
| Trade debts | 44 | €278 | €545 | +€267 | +95.8% |
| Suppliers | 440/4 | €278 | €545 | +€267 | +95.8% |
| Taxes, remuneration and social security | 45 | €48,901 | €38,219 | -€10,681 | -21.8% |
| Taxes | 450/3 | €48,901 | €35,219 | -€13,681 | -28.0% |
| Remuneration and social security | 454/9 | €0 | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €3,624 | €170,362 | +€166,738 | +4,601% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €1,439 | -€769 | -34.8% |
| Other operating charges | 640/8 | €3,407 | €2,501 | -€906 | -26.6% |
| Gross operating margin | 9900 | €260,063 | €199,537 | -€60,526 | -23.3% |
| Operating profit (loss) | 9901 | €254,448 | €195,598 | -€58,851 | -23.1% |
| Financial income | 75/76B | €1,277 | €2,027 | +€750 | +58.8% |
| Recurring financial income | 75 | €1,277 | €2,027 | +€750 | +58.8% |
| Financial charges | 65/66B | €114,611 | €66,162 | -€48,449 | -42.3% |
| Recurring financial charges | 65 | €114,611 | €66,162 | -€48,449 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €141,115 | €131,463 | -€9,651 | -6.8% |
| Income taxes | 67/77 | €43,434 | €40,728 | -€2,706 | -6.2% |
| Profit (loss) for the period | 9904 | €97,681 | €90,735 | -€6,946 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,681 | €90,735 | -€6,946 | -7.1% |
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 15 October 2026 via checked.be.