FRB 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.
FRB Consult
Largest movements
- Receivables within one year -€104,389
down €104,389 (-59.0%), from €176,859 to €72,470
of which Other amounts receivable: -€113,586
- Cash +€69,031
up €69,031 (+238%), from €28,947 to €97,978
mainly Receivables within one year (+€104,389) and Net result for the year (+€92,448)
- Current investments +€19,768
up €19,768 (+35.3%), from €56,001 to €75,769
- Tangible fixed assets -€15,371
down €15,371 (-50.8%), from €30,267 to €14,897
of which Furniture and vehicles: -€14,952
- Profit (loss) carried forward -€126,994
no longer reported in 2025 (was €126,994)
- Reserves +€92,448
new in 2025: €92,448
- Tax, wage and social debts +€6,935
up €6,935 (+47.1%), from €14,719 to €21,654
of which Taxes: +€6,779
- Other debts -€3,739
down €3,739 (-2.8%), from €132,801 to €129,062
- Financial income -€12,398
down €12,398 (-69.0%), from €17,967 to €5,568
- Taxes +€10,449
up €10,449 (+38.6%), from €27,081 to €37,530
- Gross operating margin +€10,186
up €10,186 (+7.5%), from €134,990 to €145,177
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 | €293,263 | €262,244 | -€31,019 | -10.6% |
| Fixed assets | 21/28 | €30,267 | €14,897 | -€15,371 | -50.8% |
| Tangible fixed assets | 22/27 | €30,267 | €14,897 | -€15,371 | -50.8% |
| Plant, machinery and equipment | 23 | €957 | €538 | -€419 | -43.8% |
| Furniture and vehicles | 24 | €29,310 | €14,359 | -€14,952 | -51.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €262,996 | €247,347 | -€15,648 | -6.0% |
| Amounts receivable within one year | 40/41 | €176,859 | €72,470 | -€104,389 | -59.0% |
| Trade receivables | 40 | €61,797 | €70,995 | +€9,197 | +14.9% |
| Other amounts receivable | 41 | €115,062 | €1,475 | -€113,586 | -98.7% |
| Current investments | 50/53 | €56,001 | €75,769 | +€19,768 | +35.3% |
| Cash at bank and in hand | 54/58 | €28,947 | €97,978 | +€69,031 | +238% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,131 | -€58 | -4.9% |
| Total equity and liabilities | 10/49 | €293,263 | €262,244 | -€31,019 | -10.6% |
| Equity | 10/15 | €145,594 | €111,048 | -€34,547 | -23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €92,448 | +€92,448 | |
| Distributable reserves | 133 | - | €92,448 | +€92,448 | |
| Profit (loss) carried forward | 14 | €126,994 | - | -€126,994 | |
| Amounts payable | 17/49 | €147,669 | €151,197 | +€3,528 | +2.4% |
| Amounts payable within one year | 42/48 | €147,664 | €151,197 | +€3,533 | +2.4% |
| Trade debts | 44 | €145 | €481 | +€337 | +232% |
| Suppliers | 440/4 | €145 | €481 | +€337 | +232% |
| Taxes, remuneration and social security | 45 | €14,719 | €21,654 | +€6,935 | +47.1% |
| Taxes | 450/3 | €14,719 | €21,498 | +€6,779 | +46.1% |
| Remuneration and social security | 454/9 | - | €156 | +€156 | |
| Other amounts payable | 47/48 | €132,801 | €129,062 | -€3,739 | -2.8% |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Remuneration, social security and pensions | 62 | €1,896 | €2,084 | +€188 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,477 | €17,892 | +€415 | +2.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €134,990 | €145,177 | +€10,186 | +7.5% |
| Operating profit (loss) | 9901 | €115,230 | €124,801 | +€9,571 | +8.3% |
| Financial income | 75/76B | €17,967 | €5,568 | -€12,398 | -69.0% |
| Recurring financial income | 75 | €17,967 | €5,568 | -€12,398 | -69.0% |
| Financial charges | 65/66B | €896 | €392 | -€505 | -56.3% |
| Recurring financial charges | 65 | €896 | €392 | -€505 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €132,300 | €129,978 | -€2,323 | -1.8% |
| Income taxes | 67/77 | €27,081 | €37,530 | +€10,449 | +38.6% |
| Profit (loss) for the period | 9904 | €105,219 | €92,448 | -€12,772 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,219 | €92,448 | -€12,772 | -12.1% |
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 16 October 2026 via checked.be.