FE CONSULT: 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.
FE CONSULT
Largest movements
- Cash +€1,600
up €1,600 (+16.8%), from €9,534 to €11,133
mainly Receivables within one year (+€1,512) and Investment in fixed assets (net) (+€1,071)
- Receivables within one year -€1,512
down €1,512 (-43.7%), from €3,457 to €1,945
of which Other amounts receivable: -€1,512
- Tangible fixed assets -€1,071
no longer reported in 2025 (was €1,071)
- Other debts -€545
down €545 (-8.7%), from €6,258 to €5,712
- Profit (loss) carried forward -€438
down €438 (-4.0%), from -€10,949 to -€11,386
- Gross operating margin -€2,749
down €2,749 (-79.2%), from €3,471 to €722
- Depreciation -€776
no longer reported in 2025 (was €776)
- Other operating charges -€430
down €430 (-39.1%), from €1,100 to €670
- Financial charges -€96
down €96 (-28.6%), from €336 to €240
- Taxes -€76
down €76 (-23.3%), from €325 to €249
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 | €14,061 | €13,079 | -€983 | -7.0% |
| Fixed assets | 21/28 | €1,071 | - | -€1,071 | |
| Tangible fixed assets | 22/27 | €1,071 | - | -€1,071 | |
| Furniture and vehicles | 24 | €1,071 | - | -€1,071 | |
| Current assets | 29/58 | €12,991 | €13,079 | +€88 | +0.7% |
| Amounts receivable within one year | 40/41 | €3,457 | €1,945 | -€1,512 | -43.7% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €1,642 | €130 | -€1,512 | -92.1% |
| Cash at bank and in hand | 54/58 | €9,534 | €11,133 | +€1,600 | +16.8% |
| Total equity and liabilities | 10/49 | €14,061 | €13,079 | -€983 | -7.0% |
| Equity | 10/15 | €7,804 | €7,366 | -€438 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €152 | €152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,949 | -€11,386 | -€438 | -4.0% |
| Amounts payable | 17/49 | €6,258 | €5,712 | -€545 | -8.7% |
| Amounts payable within one year | 42/48 | €6,258 | €5,712 | -€545 | -8.7% |
| Other amounts payable | 47/48 | €6,258 | €5,712 | -€545 | -8.7% |
| Non-recurring operating income | 76A | €5,479 | €179 | -€5,300 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €776 | - | -€776 | |
| Other operating charges | 640/8 | €1,100 | €670 | -€430 | -39.1% |
| Gross operating margin | 9900 | €3,471 | €722 | -€2,749 | -79.2% |
| Operating profit (loss) | 9901 | €1,595 | €51 | -€1,544 | -96.8% |
| Financial charges | 65/66B | €336 | €240 | -€96 | -28.6% |
| Recurring financial charges | 65 | €336 | €240 | -€96 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €1,259 | -€189 | -€1,448 | |
| Income taxes | 67/77 | €325 | €249 | -€76 | -23.3% |
| Profit (loss) for the period | 9904 | €935 | -€438 | -€1,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €935 | -€438 | -€1,372 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.