Foad 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.
Foad Consulting
Largest movements
- Receivables within one year +€55,087
new in 2025: €55,087
of which Other amounts receivable: +€53,674
- Cash +€31,682
up €31,682 (+569.5%), from €5,563 to €37,245
mainly Net result for the year (+€69,711) and Tax, wage and social debts (+€40,923)
- Tangible fixed assets +€27,098
up €27,098 (+6.8%), from €400,678 to €427,776
of which Furniture and vehicles: +€42,234
- Reserves +€69,711
up €69,711 (+37.0%), from €188,546 to €258,257
of which Distributable reserves: +€93,106
- Tax, wage and social debts +€40,923
new in 2025: €40,923
- Debts after one year +€9,694
up €9,694 (+5.8%), from €167,917 to €177,611
- Current portion of long-term debt +€9,652
up €9,652 (+40.2%), from €24,019 to €33,671
- Trade debts -€9,131
down €9,131 (-55.1%), from €16,580 to €7,449
- Gross operating margin +€153,552
up €153,552, from -€25,931 to €127,621
- Taxes +€26,528
up €26,528, from -€16 to €26,512
- Depreciation +€4,908
up €4,908 (+29.2%), from €16,802 to €21,710
- Other operating charges +€4,089
new in 2025: €4,089
- Financial charges +€1,319
up €1,319 (+28.1%), from €4,693 to €6,012
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 | €416,241 | €531,018 | +€114,777 | +27.6% |
| Fixed assets | 21/28 | €400,678 | €427,776 | +€27,098 | +6.8% |
| Tangible fixed assets | 22/27 | €400,678 | €427,776 | +€27,098 | +6.8% |
| Land and buildings | 22 | €388,161 | €373,025 | -€15,136 | -3.9% |
| Furniture and vehicles | 24 | €12,517 | €54,751 | +€42,234 | +337.4% |
| Current assets | 29/58 | €15,563 | €103,242 | +€87,679 | +563.4% |
| Amounts receivable within one year | 40/41 | - | €55,087 | +€55,087 | |
| Trade receivables | 40 | - | €1,413 | +€1,413 | |
| Other amounts receivable | 41 | - | €53,674 | +€53,674 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,563 | €37,245 | +€31,682 | +569.5% |
| Deferred charges and accrued income | 490/1 | - | €910 | +€910 | |
| Total equity and liabilities | 10/49 | €416,241 | €531,018 | +€114,777 | +27.6% |
| Equity | 10/15 | €200,946 | €270,657 | +€69,711 | +34.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,546 | €258,257 | +€69,711 | +37.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,395 | - | -€23,395 | |
| Distributable reserves | 133 | €163,291 | €256,397 | +€93,106 | +57.0% |
| Amounts payable | 17/49 | €215,295 | €260,361 | +€45,066 | +20.9% |
| Amounts payable after more than one year | 17 | €167,917 | €177,611 | +€9,694 | +5.8% |
| Financial debts | 170/4 | €167,917 | €177,611 | +€9,694 | +5.8% |
| Amounts payable within one year | 42/48 | €47,378 | €82,343 | +€34,965 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €24,019 | €33,671 | +€9,652 | +40.2% |
| Trade debts | 44 | €16,580 | €7,449 | -€9,131 | -55.1% |
| Suppliers | 440/4 | €16,580 | €7,449 | -€9,131 | -55.1% |
| Taxes, remuneration and social security | 45 | - | €40,923 | +€40,923 | |
| Taxes | 450/3 | - | €40,923 | +€40,923 | |
| Other amounts payable | 47/48 | €6,779 | €300 | -€6,479 | -95.6% |
| Accrued charges and deferred income | 492/3 | - | €407 | +€407 | |
| Non-recurring operating income | 76A | - | €66,570 | +€66,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,802 | €21,710 | +€4,908 | +29.2% |
| Other operating charges | 640/8 | - | €4,089 | +€4,089 | |
| Gross operating margin | 9900 | -€25,931 | €127,621 | +€153,552 | |
| Operating profit (loss) | 9901 | -€42,733 | €101,822 | +€144,555 | |
| Financial income | 75/76B | - | €413 | +€413 | |
| Recurring financial income | 75 | - | €413 | +€413 | |
| Financial charges | 65/66B | €4,693 | €6,012 | +€1,319 | +28.1% |
| Recurring financial charges | 65 | €4,693 | €6,012 | +€1,319 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,426 | €96,223 | +€143,649 | |
| Income taxes | 67/77 | -€16 | €26,512 | +€26,528 | |
| Profit (loss) for the period | 9904 | -€47,410 | €69,711 | +€117,121 | |
| Transfer from tax-exempt reserves | 789 | - | €23,395 | +€23,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,410 | €93,106 | +€140,516 |
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 2 October 2026 via checked.be.