FEND CONSULTING: 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.
FEND CONSULTING
Largest movements
- Receivables within one year -€61,871
down €61,871 (-71.9%), from €86,038 to €24,167
of which Other amounts receivable: -€40,622
- Cash +€23,627
up €23,627 (+82.2%), from €28,748 to €52,375
mainly Receivables within one year (+€61,871) and Depreciation (+€14,350)
- Tangible fixed assets -€2,630
down €2,630 (-5.4%), from €48,808 to €46,178
of which Furniture and vehicles: -€1,850
- Other debts -€26,264
down €26,264 (-100.0%), from €26,264 to €0
- Short-term financial debts -€20,116
down €20,116 (-100.0%), from €20,116 to €0
- Contributions -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Reserves +€9,359
up €9,359 (+10.0%), from €94,049 to €103,408
of which Distributable reserves: +€9,359
- Tax, wage and social debts +€8,241
up €8,241 (+94.2%), from €8,751 to €16,992
of which Taxes: +€5,840
- Gross operating margin -€32,669
down €32,669 (-47.1%), from €69,323 to €36,654
- Taxes -€6,741
down €6,741 (-45.3%), from €14,885 to €8,144
- Depreciation +€1,286
up €1,286 (+9.8%), from €13,064 to €14,350
- Financial income +€981
up €981 (+75.8%), from €1,296 to €2,277
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 | €169,505 | €127,562 | -€41,943 | -24.7% |
| Fixed assets | 21/28 | €48,808 | €46,178 | -€2,630 | -5.4% |
| Tangible fixed assets | 22/27 | €48,808 | €46,178 | -€2,630 | -5.4% |
| Plant, machinery and equipment | 23 | €1,247 | €1,749 | +€502 | +40.3% |
| Furniture and vehicles | 24 | €24,570 | €22,720 | -€1,850 | -7.5% |
| Other tangible fixed assets | 26 | €22,991 | €21,708 | -€1,282 | -5.6% |
| Current assets | 29/58 | €120,697 | €81,385 | -€39,312 | -32.6% |
| Amounts receivable within one year | 40/41 | €86,038 | €24,167 | -€61,871 | -71.9% |
| Trade receivables | 40 | €22,149 | €900 | -€21,249 | -95.9% |
| Other amounts receivable | 41 | €63,888 | €23,267 | -€40,622 | -63.6% |
| Cash at bank and in hand | 54/58 | €28,748 | €52,375 | +€23,627 | +82.2% |
| Deferred charges and accrued income | 490/1 | €5,911 | €4,843 | -€1,069 | -18.1% |
| Total equity and liabilities | 10/49 | €169,505 | €127,562 | -€41,943 | -24.7% |
| Equity | 10/15 | €114,049 | €103,408 | -€10,641 | -9.3% |
| Contributions | 10/11 | €20,000 | €0 | -€20,000 | -100.0% |
| Reserves | 13 | €94,049 | €103,408 | +€9,359 | +10.0% |
| Tax-exempt reserves | 132 | €208 | €208 | = | 0.0% |
| Distributable reserves | 133 | €93,841 | €103,199 | +€9,359 | +10.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,456 | €24,154 | -€31,301 | -56.4% |
| Amounts payable within one year | 42/48 | €55,456 | €24,035 | -€31,421 | -56.7% |
| Financial debts | 43 | €20,116 | €0 | -€20,116 | -100.0% |
| Credit institutions | 430/8 | €20,116 | €0 | -€20,116 | -100.0% |
| Trade debts | 44 | €325 | €7,043 | +€6,718 | +2065.9% |
| Suppliers | 440/4 | €325 | €7,043 | +€6,718 | +2065.9% |
| Taxes, remuneration and social security | 45 | €8,751 | €16,992 | +€8,241 | +94.2% |
| Taxes | 450/3 | €8,751 | €14,590 | +€5,840 | +66.7% |
| Remuneration and social security | 454/9 | - | €2,401 | +€2,401 | |
| Other amounts payable | 47/48 | €26,264 | €0 | -€26,264 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,064 | €14,350 | +€1,286 | +9.8% |
| Other operating charges | 640/8 | €754 | €890 | +€137 | +18.2% |
| Gross operating margin | 9900 | €69,323 | €36,654 | -€32,669 | -47.1% |
| Operating profit (loss) | 9901 | €55,505 | €21,414 | -€34,091 | -61.4% |
| Financial income | 75/76B | €1,296 | €2,277 | +€981 | +75.8% |
| Recurring financial income | 75 | €1,296 | €2,277 | +€981 | +75.8% |
| Financial charges | 65/66B | €5,908 | €6,188 | +€280 | +4.7% |
| Recurring financial charges | 65 | €5,908 | €6,188 | +€280 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €50,893 | €17,503 | -€33,390 | -65.6% |
| Income taxes | 67/77 | €14,885 | €8,144 | -€6,741 | -45.3% |
| Profit (loss) for the period | 9904 | €36,007 | €9,359 | -€26,649 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,007 | €9,359 | -€26,649 | -74.0% |
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 12 October 2026 via checked.be.