Fellow Consulting: 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.
Fellow Consulting
Largest movements
- Cash -€36,450
down €36,450 (-58.5%), from €62,343 to €25,893
mainly Contributions, distributions and other (-€24,467) and Other debts (-€12,468)
- Receivables within one year -€12,610
down €12,610 (-99.6%), from €12,662 to €52
of which Trade receivables: -€12,252
- Deferred charges and accrued income -€5,331
down €5,331 (-29.7%), from €17,959 to €12,628
- Tangible fixed assets -€2,282
down €2,282 (-3.4%), from €67,074 to €64,791
of which Land and buildings: -€2,297
- Profit (loss) carried forward -€36,122
down €36,122, from €24,467 to -€11,656
- Other debts -€12,468
down €12,468 (-15.7%), from €79,339 to €66,871
- Tax, wage and social debts -€6,213
down €6,213 (-88.4%), from €7,025 to €812
- Debts after one year -€2,963
down €2,963 (-6.9%), from €42,721 to €39,758
- Gross operating margin -€43,392
down €43,392, from €43,055 to -€337
- Taxes -€6,742
down €6,742 (-95.1%), from €7,090 to €348
- Depreciation +€540
up €540 (+12.8%), from €4,222 to €4,762
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 | €160,038 | €103,365 | -€56,673 | -35.4% |
| Fixed assets | 21/28 | €67,074 | €64,791 | -€2,282 | -3.4% |
| Tangible fixed assets | 22/27 | €67,074 | €64,791 | -€2,282 | -3.4% |
| Land and buildings | 22 | €62,504 | €60,207 | -€2,297 | -3.7% |
| Furniture and vehicles | 24 | €4,569 | €4,584 | +€15 | +0.3% |
| Current assets | 29/58 | €92,965 | €38,574 | -€54,391 | -58.5% |
| Amounts receivable within one year | 40/41 | €12,662 | €52 | -€12,610 | -99.6% |
| Trade receivables | 40 | €12,252 | €0 | -€12,252 | -100.0% |
| Other amounts receivable | 41 | €410 | €52 | -€358 | -87.3% |
| Cash at bank and in hand | 54/58 | €62,343 | €25,893 | -€36,450 | -58.5% |
| Deferred charges and accrued income | 490/1 | €17,959 | €12,628 | -€5,331 | -29.7% |
| Total equity and liabilities | 10/49 | €160,038 | €103,365 | -€56,673 | -35.4% |
| Equity | 10/15 | €27,467 | -€8,656 | -€36,122 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,467 | -€11,656 | -€36,122 | |
| Amounts payable | 17/49 | €132,572 | €112,021 | -€20,551 | -15.5% |
| Amounts payable after more than one year | 17 | €42,721 | €39,758 | -€2,963 | -6.9% |
| Financial debts | 170/4 | €42,721 | €39,758 | -€2,963 | -6.9% |
| Amounts payable within one year | 42/48 | €89,851 | €72,263 | -€17,588 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €2,614 | €2,963 | +€348 | +13.3% |
| Financial debts | 43 | €79 | €293 | +€214 | +270.2% |
| Credit institutions | 430/8 | €79 | €293 | +€214 | +270.2% |
| Trade debts | 44 | €793 | €1,324 | +€531 | +67.0% |
| Suppliers | 440/4 | €793 | €1,324 | +€531 | +67.0% |
| Taxes, remuneration and social security | 45 | €7,025 | €812 | -€6,213 | -88.4% |
| Taxes | 450/3 | €7,025 | €812 | -€6,213 | -88.4% |
| Other amounts payable | 47/48 | €79,339 | €66,871 | -€12,468 | -15.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,222 | €4,762 | +€540 | +12.8% |
| Other operating charges | 640/8 | €1,047 | €1,029 | -€17 | -1.6% |
| Non-recurring operating charges | 66A | €800 | €0 | -€800 | -100.0% |
| Gross operating margin | 9900 | €43,055 | -€337 | -€43,392 | |
| Operating profit (loss) | 9901 | €36,987 | -€6,129 | -€43,115 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,430 | €5,179 | -€251 | -4.6% |
| Recurring financial charges | 65 | €5,430 | €5,179 | -€251 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €31,557 | -€11,308 | -€42,865 | |
| Income taxes | 67/77 | €7,090 | €348 | -€6,742 | -95.1% |
| Profit (loss) for the period | 9904 | €24,467 | -€11,656 | -€36,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,467 | -€11,656 | -€36,122 |
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 7 October 2026 via checked.be.