FINANCIAL RESOURCES & PROJECTS: what changed
What changed
FINANCIAL RESOURCES & PROJECTS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€189,579
2024 · €205,574-€15,995
Equity
€2.4m
2024 · €2.5m-€37,573
Cash
€2.7m
2024 · €2.6m+€174,678
Balance sheet total
€3.9m
2024 · €4.0m-€76,252
Largest movements
Assets
- Receivables within one year -€202,752
down €202,752 (-22.8%), from €888,375 to €685,623
of which Trade receivables: -€319,912
- Cash +€174,678
up €174,678 (+6.8%), from €2.6m to €2.7m
mainly Receivables within one year (+€202,752) and Net result for the year (+€189,579)
Equity and liabilities
- Tax, wage and social debts -€93,828
down €93,828 (-9.9%), from €947,176 to €853,348
of which Remuneration and social security: -€89,918
- Trade debts +€43,085
up €43,085 (+26.0%), from €165,997 to €209,083
Income statement
- Gross operating margin -€380,356
down €380,356 (-8.7%), from €4.4m to €4.0m
- Staff costs -€298,439
down €298,439 (-7.7%), from €3.9m to €3.6m
- Taxes -€51,116
down €51,116 (-30.3%), from €168,965 to €117,849
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€205,574
Gross operating margin
-€380,356
Staff costs
+€298,439
Depreciation
+€5,622
Other operating charges
+€12,757
Financial income
-€6,754
Financial charges
+€3,181
Taxes
+€51,116
Result 2025
€189,579
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€431,806
Investment
-€8,818
Financing
-€248,310
Cash 2024
€2.6m
From operations (derived)
+€431,806
Net result for the year
+€189,579
Depreciation
+€48,853
Receivables after one year
+€28,731
Receivables within one year
+€202,752
Deferred charges and accrued income
-€20,589
Trade debts
+€43,085
Tax, wage and social debts
-€93,828
Other debts
+€33,222
Investment (derived)
-€8,818
Investment in fixed assets (net)
-€8,818
Financing
-€248,310
Short-term financial debts
-€21,158
Contributions, distributions and other
-€227,152
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,962,969 | €3,886,717 | -€76,252 | -1.9% |
| Fixed assets | 21/28 | €133,826 | €93,791 | -€40,035 | -29.9% |
| Intangible fixed assets | 21 | €3,493 | €1,698 | -€1,795 | -51.4% |
| Tangible fixed assets | 22/27 | €118,973 | €82,317 | -€36,655 | -30.8% |
| Plant, machinery and equipment | 23 | €34,519 | €27,207 | -€7,312 | -21.2% |
| Furniture and vehicles | 24 | €83,876 | €55,110 | -€28,766 | -34.3% |
| Other tangible fixed assets | 26 | €578 | - | -€578 | |
| Financial fixed assets | 28 | €11,360 | €9,776 | -€1,585 | -13.9% |
| Current assets | 29/58 | €3,829,143 | €3,792,926 | -€36,217 | -0.9% |
| Amounts receivable after more than one year | 29 | €330,005 | €301,273 | -€28,731 | -8.7% |
| Other amounts receivable | 291 | €330,005 | €301,273 | -€28,731 | -8.7% |
| Amounts receivable within one year | 40/41 | €888,375 | €685,623 | -€202,752 | -22.8% |
| Trade receivables | 40 | €888,375 | €568,463 | -€319,912 | -36.0% |
| Other amounts receivable | 41 | - | €117,159 | +€117,159 | |
| Cash at bank and in hand | 54/58 | €2,565,042 | €2,739,720 | +€174,678 | +6.8% |
| Deferred charges and accrued income | 490/1 | €45,721 | €66,310 | +€20,589 | +45.0% |
| Total equity and liabilities | 10/49 | €3,962,969 | €3,886,717 | -€76,252 | -1.9% |
| Equity | 10/15 | €2,465,420 | €2,427,847 | -€37,573 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,833,441 | €1,795,867 | -€37,573 | -2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,142 | €45,142 | = | 0.0% |
| Distributable reserves | 133 | €1,782,099 | €1,744,526 | -€37,573 | -2.1% |
| Profit (loss) carried forward | 14 | €569,979 | €569,979 | = | 0.0% |
| Amounts payable | 17/49 | €1,497,549 | €1,458,870 | -€38,679 | -2.6% |
| Amounts payable within one year | 42/48 | €1,490,549 | €1,451,870 | -€38,679 | -2.6% |
| Financial debts | 43 | €183,446 | €162,288 | -€21,158 | -11.5% |
| Credit institutions | 430/8 | €183,446 | €162,288 | -€21,158 | -11.5% |
| Trade debts | 44 | €165,997 | €209,083 | +€43,085 | +26.0% |
| Suppliers | 440/4 | €165,997 | €209,083 | +€43,085 | +26.0% |
| Taxes, remuneration and social security | 45 | €947,176 | €853,348 | -€93,828 | -9.9% |
| Taxes | 450/3 | €253,111 | €249,201 | -€3,910 | -1.5% |
| Remuneration and social security | 454/9 | €694,065 | €604,147 | -€89,918 | -13.0% |
| Other amounts payable | 47/48 | €193,930 | €227,152 | +€33,222 | +17.1% |
| Accrued charges and deferred income | 492/3 | €7,000 | €7,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €3,876,988 | €3,578,549 | -€298,439 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,475 | €48,853 | -€5,622 | -10.3% |
| Other operating charges | 640/8 | €50,355 | €37,598 | -€12,757 | -25.3% |
| Gross operating margin | 9900 | €4,357,138 | €3,976,781 | -€380,356 | -8.7% |
| Operating profit (loss) | 9901 | €375,319 | €311,781 | -€63,538 | -16.9% |
| Financial income | 75/76B | €36,582 | €29,828 | -€6,754 | -18.5% |
| Recurring financial income | 75 | €36,582 | €29,828 | -€6,754 | -18.5% |
| Financial charges | 65/66B | €37,363 | €34,182 | -€3,181 | -8.5% |
| Recurring financial charges | 65 | €37,363 | €33,366 | -€3,997 | -10.7% |
| Non-recurring financial charges | 66B | - | €816 | +€816 | |
| Profit (loss) for the period before taxes | 9903 | €374,539 | €307,427 | -€67,111 | -17.9% |
| Income taxes | 67/77 | €168,965 | €117,849 | -€51,116 | -30.3% |
| Profit (loss) for the period | 9904 | €205,574 | €189,579 | -€15,995 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €252,600 | - | -€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €458,174 | €189,579 | -€268,595 | -58.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.