FR2D 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.
FR2D CONSULTING
Largest movements
- Receivables within one year -€65,080
down €65,080 (-70.2%), from €92,725 to €27,645
of which Other amounts receivable: -€88,301
- Cash +€64,558
up €64,558 (+133%), from €48,405 to €112,963
mainly Net result for the year (+€96,469) and Receivables within one year (+€65,080)
- Reserves -€33,023
down €33,023 (-6.1%), from €539,312 to €506,289
of which Distributable reserves: -€31,163
- Other debts +€29,255
new in 2025: €29,255
- Debts after one year +€17,045
up €17,045 (+61.6%), from €27,692 to €44,738
- Current portion of long-term debt -€16,921
down €16,921 (-20.0%), from €84,461 to €67,540
- Financial income -€5,231
down €5,231 (-93.7%), from €5,582 to €351
- Gross operating margin +€4,943
up €4,943 (+3.6%), from €137,009 to €141,953
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 | €692,974 | €694,460 | +€1,486 | +0.2% |
| Fixed assets | 21/28 | €551,071 | €553,852 | +€2,781 | +0.5% |
| Tangible fixed assets | 22/27 | €121,767 | €124,548 | +€2,781 | +2.3% |
| Land and buildings | 22 | €120,867 | €120,514 | -€353 | -0.3% |
| Plant, machinery and equipment | 23 | €855 | €649 | -€206 | -24.1% |
| Furniture and vehicles | 24 | €45 | €3,385 | +€3,339 | +7,382% |
| Financial fixed assets | 28 | €429,304 | €429,304 | = | 0.0% |
| Current assets | 29/58 | €141,903 | €140,608 | -€1,295 | -0.9% |
| Amounts receivable within one year | 40/41 | €92,725 | €27,645 | -€65,080 | -70.2% |
| Trade receivables | 40 | €4,421 | €27,642 | +€23,221 | +525% |
| Other amounts receivable | 41 | €88,304 | €3 | -€88,301 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,405 | €112,963 | +€64,558 | +133% |
| Deferred charges and accrued income | 490/1 | €773 | - | -€773 | |
| Total equity and liabilities | 10/49 | €692,974 | €694,460 | +€1,486 | +0.2% |
| Equity | 10/15 | €551,712 | €518,689 | -€33,023 | -6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €539,312 | €506,289 | -€33,023 | -6.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €537,452 | €506,289 | -€31,163 | -5.8% |
| Amounts payable | 17/49 | €141,262 | €175,771 | +€34,509 | +24.4% |
| Amounts payable after more than one year | 17 | €27,692 | €44,738 | +€17,045 | +61.6% |
| Financial debts | 170/4 | €27,692 | €44,738 | +€17,045 | +61.6% |
| Amounts payable within one year | 42/48 | €113,262 | €130,679 | +€17,417 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €84,461 | €67,540 | -€16,921 | -20.0% |
| Trade debts | 44 | €379 | €92 | -€287 | -75.8% |
| Suppliers | 440/4 | €379 | €92 | -€287 | -75.8% |
| Taxes, remuneration and social security | 45 | €28,422 | €33,793 | +€5,371 | +18.9% |
| Taxes | 450/3 | €28,422 | €33,793 | +€5,371 | +18.9% |
| Other amounts payable | 47/48 | - | €29,255 | +€29,255 | |
| Accrued charges and deferred income | 492/3 | €308 | €354 | +€46 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €851 | +€309 | +57.1% |
| Other operating charges | 640/8 | €1,775 | €2,040 | +€265 | +14.9% |
| Gross operating margin | 9900 | €137,009 | €141,953 | +€4,943 | +3.6% |
| Operating profit (loss) | 9901 | €134,692 | €139,061 | +€4,369 | +3.2% |
| Financial income | 75/76B | €5,582 | €351 | -€5,231 | -93.7% |
| Recurring financial income | 75 | €5,582 | €351 | -€5,231 | -93.7% |
| Financial charges | 65/66B | €2,863 | €3,152 | +€289 | +10.1% |
| Recurring financial charges | 65 | €2,863 | €3,152 | +€289 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €137,411 | €136,260 | -€1,151 | -0.8% |
| Income taxes | 67/77 | €40,600 | €39,792 | -€809 | -2.0% |
| Profit (loss) for the period | 9904 | €96,811 | €96,469 | -€342 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,811 | €96,469 | -€342 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.