FLEMISH MANAGEMENT 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.
FLEMISH MANAGEMENT CONSULTING
Largest movements
- Receivables within one year +€806,765
up €806,765 (+766%), from €105,324 to €912,089
of which Other amounts receivable: +€791,732
- Financial fixed assets +€603,460
up €603,460 (+15.0%), from €4.0m to €4.6m
- Debts after one year +€714,869
up €714,869 (+32.1%), from €2.2m to €2.9m
- Other debts +€420,544
up €420,544 (+30.1%), from €1.4m to €1.8m
- Contributions +€340,000
up €340,000 (+9.2%), from €3.7m to €4.0m
of which Contributions outside capital: +€3.6m
- Accrued charges and deferred income -€100,533
no longer reported in 2025 (was €100,533)
- Financial charges +€54,173
up €54,173 (+53.7%), from €100,790 to €154,963
of which Non-recurring financial charges: +€144,666
- Gross operating margin +€44,912
up €44,912 (+24.6%), from €182,337 to €227,249
- Staff costs +€27,061
up €27,061 (+24.2%), from €112,048 to €139,109
- Financial income -€19,000
down €19,000 (-19.0%), from €100,000 to €81,000
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 | €6,650,593 | €8,084,757 | +€1.4m | +21.6% |
| Fixed assets | 21/28 | €4,030,806 | €4,666,609 | +€635,803 | +15.8% |
| Tangible fixed assets | 22/27 | €12,897 | €45,240 | +€32,343 | +251% |
| Land and buildings | 22 | - | €38,656 | +€38,656 | |
| Furniture and vehicles | 24 | €12,897 | €6,584 | -€6,313 | -48.9% |
| Financial fixed assets | 28 | €4,017,909 | €4,621,369 | +€603,460 | +15.0% |
| Current assets | 29/58 | €2,619,787 | €3,418,148 | +€798,361 | +30.5% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,324 | €912,089 | +€806,765 | +766% |
| Trade receivables | 40 | €10,162 | €25,195 | +€15,033 | +148% |
| Other amounts receivable | 41 | €95,162 | €886,894 | +€791,732 | +832% |
| Cash at bank and in hand | 54/58 | €9,273 | €6,059 | -€3,214 | -34.7% |
| Deferred charges and accrued income | 490/1 | €5,190 | - | -€5,190 | |
| Total equity and liabilities | 10/49 | €6,650,593 | €8,084,757 | +€1.4m | +21.6% |
| Equity | 10/15 | €2,906,053 | €3,251,260 | +€345,207 | +11.9% |
| Contributions | 10/11 | €3,706,900 | €4,046,900 | +€340,000 | +9.2% |
| Capital | 10 | - | €414,400 | +€414,400 | |
| Issued capital | 100 | - | €414,400 | +€414,400 | |
| Contributions outside capital | 11 | - | €3,632,500 | +€3.6m | |
| Share premium | 1100/10 | - | €3,632,500 | +€3.6m | |
| Profit (loss) carried forward | 14 | -€800,847 | -€795,640 | +€5,207 | +0.7% |
| Amounts payable | 17/49 | €3,744,540 | €4,833,497 | +€1.1m | +29.1% |
| Amounts payable after more than one year | 17 | €2,226,667 | €2,941,536 | +€714,869 | +32.1% |
| Financial debts | 170/4 | €2,226,667 | €2,941,536 | +€714,869 | +32.1% |
| Amounts payable within one year | 42/48 | €1,417,340 | €1,891,961 | +€474,621 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | - | €47,500 | +€47,500 | |
| Trade debts | 44 | €9,939 | €3,751 | -€6,188 | -62.3% |
| Suppliers | 440/4 | €9,939 | €3,751 | -€6,188 | -62.3% |
| Taxes, remuneration and social security | 45 | €9,486 | €22,251 | +€12,765 | +135% |
| Taxes | 450/3 | €1,610 | €6,467 | +€4,857 | +302% |
| Remuneration and social security | 454/9 | €7,877 | €15,784 | +€7,907 | +100% |
| Other amounts payable | 47/48 | €1,397,915 | €1,818,459 | +€420,544 | +30.1% |
| Accrued charges and deferred income | 492/3 | €100,533 | - | -€100,533 | |
| Remuneration, social security and pensions | 62 | €112,048 | €139,109 | +€27,061 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,098 | €6,707 | +€609 | +10.0% |
| Other operating charges | 640/8 | €1,698 | €732 | -€966 | -56.9% |
| Gross operating margin | 9900 | €182,337 | €227,249 | +€44,912 | +24.6% |
| Operating profit (loss) | 9901 | €62,493 | €80,701 | +€18,208 | +29.1% |
| Financial income | 75/76B | €100,000 | €81,000 | -€19,000 | -19.0% |
| Recurring financial income | 75 | €100,000 | €81,000 | -€19,000 | -19.0% |
| Financial charges | 65/66B | €100,790 | €154,963 | +€54,173 | +53.7% |
| Recurring financial charges | 65 | €100,790 | €10,297 | -€90,493 | -89.8% |
| Non-recurring financial charges | 66B | - | €144,666 | +€144,666 | |
| Profit (loss) for the period before taxes | 9903 | €61,703 | €6,738 | -€54,965 | -89.1% |
| Income taxes | 67/77 | - | €1,531 | +€1,531 | |
| Profit (loss) for the period | 9904 | €61,703 | €5,207 | -€56,496 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,703 | €5,207 | -€56,496 | -91.6% |
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 26 October 2026 via checked.be.