FR CONSULT: 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.
FR CONSULT
Largest movements
- Current investments -€25,000
down €25,000 (-10.6%), from €236,916 to €211,916
- Receivables within one year +€22,102
up €22,102 (+12.4%), from €178,076 to €200,178
of which Trade receivables: +€64,934
- Tangible fixed assets -€21,109
down €21,109 (-4.9%), from €429,194 to €408,086
of which Land and buildings: -€23,335
- Reserves +€83,999
up €83,999 (+16.0%), from €524,923 to €608,922
of which Distributable reserves: +€83,999
- Debts after one year -€47,106
down €47,106 (-28.3%), from €166,581 to €119,475
- Tax, wage and social debts -€36,782
down €36,782 (-37.3%), from €98,572 to €61,790
- Advances received -€16,055
down €16,055 (-98.7%), from €16,267 to €212
- Gross operating margin +€71,655
up €71,655 (+26.5%), from €270,553 to €342,208
- Other operating charges +€18,086
up €18,086 (+359%), from €5,034 to €23,121
- Taxes +€10,778
up €10,778 (+18.1%), from €59,536 to €70,313
- Financial income -€6,560
down €6,560 (-76.6%), from €8,565 to €2,005
- Financial charges +€3,631
up €3,631 (+94.0%), from €3,864 to €7,494
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 | €923,411 | €906,529 | -€16,883 | -1.8% |
| Fixed assets | 21/28 | €429,284 | €408,176 | -€21,109 | -4.9% |
| Tangible fixed assets | 22/27 | €429,194 | €408,086 | -€21,109 | -4.9% |
| Land and buildings | 22 | €426,235 | €402,900 | -€23,335 | -5.5% |
| Furniture and vehicles | 24 | €2,959 | €2,954 | -€5 | -0.2% |
| Other tangible fixed assets | 26 | - | €2,232 | +€2,232 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €494,127 | €498,353 | +€4,226 | +0.9% |
| Amounts receivable after more than one year | 29 | €32,274 | €32,274 | = | 0.0% |
| Other amounts receivable | 291 | €32,274 | €32,274 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,076 | €200,178 | +€22,102 | +12.4% |
| Trade receivables | 40 | €59,380 | €124,315 | +€64,934 | +109% |
| Other amounts receivable | 41 | €118,696 | €75,863 | -€42,833 | -36.1% |
| Current investments | 50/53 | €236,916 | €211,916 | -€25,000 | -10.6% |
| Cash at bank and in hand | 54/58 | €43,665 | €50,669 | +€7,004 | +16.0% |
| Deferred charges and accrued income | 490/1 | €3,196 | €3,316 | +€121 | +3.8% |
| Total equity and liabilities | 10/49 | €923,411 | €906,529 | -€16,883 | -1.8% |
| Equity | 10/15 | €537,423 | €621,422 | +€83,999 | +15.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €524,923 | €608,922 | +€83,999 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €523,063 | €607,062 | +€83,999 | +16.1% |
| Amounts payable | 17/49 | €385,988 | €285,106 | -€100,882 | -26.1% |
| Amounts payable after more than one year | 17 | €166,581 | €119,475 | -€47,106 | -28.3% |
| Financial debts | 170/4 | €166,581 | €119,475 | -€47,106 | -28.3% |
| Amounts payable within one year | 42/48 | €219,407 | €165,631 | -€53,775 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €43,263 | €47,106 | +€3,843 | +8.9% |
| Trade debts | 44 | €20,039 | €16,523 | -€3,516 | -17.5% |
| Suppliers | 440/4 | €20,039 | €16,523 | -€3,516 | -17.5% |
| Advances received on contracts in progress | 46 | €16,267 | €212 | -€16,055 | -98.7% |
| Taxes, remuneration and social security | 45 | €98,572 | €61,790 | -€36,782 | -37.3% |
| Taxes | 450/3 | €98,572 | €61,790 | -€36,782 | -37.3% |
| Other amounts payable | 47/48 | €41,265 | €40,000 | -€1,265 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,774 | €42,633 | +€2,859 | +7.2% |
| Other operating charges | 640/8 | €5,034 | €23,121 | +€18,086 | +359% |
| Gross operating margin | 9900 | €270,553 | €342,208 | +€71,655 | +26.5% |
| Operating profit (loss) | 9901 | €225,744 | €276,455 | +€50,710 | +22.5% |
| Financial income | 75/76B | €8,565 | €2,005 | -€6,560 | -76.6% |
| Recurring financial income | 75 | €8,565 | €2,005 | -€6,560 | -76.6% |
| Financial charges | 65/66B | €3,864 | €7,494 | +€3,631 | +94.0% |
| Recurring financial charges | 65 | €3,864 | €7,494 | +€3,631 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €230,446 | €270,966 | +€40,520 | +17.6% |
| Income taxes | 67/77 | €59,536 | €70,313 | +€10,778 | +18.1% |
| Profit (loss) for the period | 9904 | €170,910 | €200,652 | +€29,742 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,910 | €200,652 | +€29,742 | +17.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.