FS 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.
FS Consult
Largest movements
- Current investments +€70,780
up €70,780 (+97.1%), from €72,907 to €143,687
- Tangible fixed assets -€43,849
down €43,849 (-12.9%), from €340,989 to €297,140
of which Furniture and vehicles: -€23,077
- Receivables within one year -€41,844
down €41,844 (-35.2%), from €119,001 to €77,157
of which Trade receivables: -€40,463
- Cash +€33,824
up €33,824 (+178.8%), from €18,916 to €52,741
mainly Depreciation (+€43,849) and Receivables within one year (+€41,844)
- Advances received +€40,000
new in 2025: €40,000
- Debts after one year -€37,931
down €37,931 (-19.5%), from €194,602 to €156,672
- Trade debts -€28,545
down €28,545 (-73.6%), from €38,781 to €10,236
- Profit (loss) carried forward +€27,568
up €27,568 (+11.2%), from €246,574 to €274,142
- Tax, wage and social debts +€24,222
up €24,222 (+93.8%), from €25,828 to €50,050
- Financial charges +€35,821
up €35,821 (+351.6%), from €10,189 to €46,010
of which Non-recurring financial charges: +€36,454
- Gross operating margin -€24,519
down €24,519 (-16.6%), from €147,809 to €123,289
- Financial income +€22,525
new in 2025: €22,525
of which Non-recurring financial income: +€22,233
- Depreciation +€8,130
up €8,130 (+22.8%), from €35,719 to €43,849
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 | €553,782 | €576,545 | +€22,762 | +4.1% |
| Fixed assets | 21/28 | €340,989 | €297,140 | -€43,849 | -12.9% |
| Tangible fixed assets | 22/27 | €340,989 | €297,140 | -€43,849 | -12.9% |
| Land and buildings | 22 | €177,100 | €156,328 | -€20,772 | -11.7% |
| Furniture and vehicles | 24 | €100,821 | €77,744 | -€23,077 | -22.9% |
| Other tangible fixed assets | 26 | €63,068 | €63,068 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €212,794 | €279,405 | +€66,611 | +31.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €119,001 | €77,157 | -€41,844 | -35.2% |
| Trade receivables | 40 | €114,617 | €74,154 | -€40,463 | -35.3% |
| Other amounts receivable | 41 | €4,384 | €3,003 | -€1,381 | -31.5% |
| Current investments | 50/53 | €72,907 | €143,687 | +€70,780 | +97.1% |
| Cash at bank and in hand | 54/58 | €18,916 | €52,741 | +€33,824 | +178.8% |
| Deferred charges and accrued income | 490/1 | €1,969 | €5,821 | +€3,851 | +195.6% |
| Total equity and liabilities | 10/49 | €553,782 | €576,545 | +€22,762 | +4.1% |
| Equity | 10/15 | €247,574 | €275,142 | +€27,568 | +11.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,574 | €274,142 | +€27,568 | +11.2% |
| Amounts payable | 17/49 | €306,208 | €301,403 | -€4,805 | -1.6% |
| Amounts payable after more than one year | 17 | €194,602 | €156,672 | -€37,931 | -19.5% |
| Financial debts | 170/4 | €194,602 | €156,672 | -€37,931 | -19.5% |
| Amounts payable within one year | 42/48 | €111,606 | €144,731 | +€33,126 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €36,476 | €37,931 | +€1,455 | +4.0% |
| Trade debts | 44 | €38,781 | €10,236 | -€28,545 | -73.6% |
| Suppliers | 440/4 | €38,781 | €10,236 | -€28,545 | -73.6% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €25,828 | €50,050 | +€24,222 | +93.8% |
| Taxes | 450/3 | €25,828 | €50,050 | +€24,222 | +93.8% |
| Other amounts payable | 47/48 | €10,521 | €6,514 | -€4,007 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,719 | €43,849 | +€8,130 | +22.8% |
| Other operating charges | 640/8 | €3,518 | €4,087 | +€569 | +16.2% |
| Gross operating margin | 9900 | €147,809 | €123,289 | -€24,519 | -16.6% |
| Operating profit (loss) | 9901 | €108,572 | €75,354 | -€33,219 | -30.6% |
| Financial income | 75/76B | - | €22,525 | +€22,525 | |
| Recurring financial income | 75 | - | €292 | +€292 | |
| Non-recurring financial income | 76B | - | €22,233 | +€22,233 | |
| Financial charges | 65/66B | €10,189 | €46,010 | +€35,821 | +351.6% |
| Recurring financial charges | 65 | €10,189 | €9,556 | -€633 | -6.2% |
| Non-recurring financial charges | 66B | - | €36,454 | +€36,454 | |
| Profit (loss) for the period before taxes | 9903 | €98,383 | €51,869 | -€46,514 | -47.3% |
| Income taxes | 67/77 | €24,965 | €24,301 | -€663 | -2.7% |
| Profit (loss) for the period | 9904 | €73,419 | €27,568 | -€45,851 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,419 | €27,568 | -€45,851 | -62.5% |
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 11 October 2026 via checked.be.