GB 338: 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.
What changed
GB 338
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€16,454
2024 · -€28,798+€12,344
Equity
€1.8m
2024 · €1.8m-€16,454
Cash
€37,830
2024 · €52,322-€14,492
Balance sheet total
€1.9m
2024 · €1.8m+€55,765
Largest movements
Assets
- Tangible fixed assets +€94,896
up €94,896 (+7.1%), from €1.3m to €1.4m
of which Furniture and vehicles: +€87,528
- Receivables within one year -€24,714
down €24,714 (-69.9%), from €35,368 to €10,654
of which Trade receivables: -€17,685
Equity and liabilities
- Other debts +€36,896
new in 2025: €36,896
- Debts after one year +€24,833
new in 2025: €24,833
Income statement
- Gross operating margin +€15,594
up €15,594 (+28.0%), from €55,776 to €71,370
- Financial income -€1,878
down €1,878 (-41.3%), from €4,549 to €2,671
- Other operating charges +€1,068
up €1,068 (+13.3%), from €8,004 to €9,072
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.
Result 2024
-€28,798
Gross operating margin
+€15,594
Depreciation
+€436
Other operating charges
-€1,068
Financial income
-€1,878
Financial charges
-€638
Taxes
-€102
Result 2025
-€16,454
raises the resultlowers the result
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.
From operations
+€123,188
Investment
-€174,219
Financing
+€36,539
Cash 2024
€52,322
From operations (derived)
+€123,188
Net result for the year
-€16,454
Depreciation
+€79,323
Receivables within one year
+€24,714
Smaller working-capital items
-€383
Trade debts
+€787
Other debts
+€36,896
Accrued charges and deferred income
-€1,696
Investment (derived)
-€174,219
Investment in fixed assets (net)
-€174,219
Financing
+€36,539
Debts after one year
+€24,833
Current portion of long-term debt
+€11,706
Cash 2025
€37,830
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,800,952 | €1,856,717 | +€55,765 | +3.1% |
| Fixed assets | 21/28 | €1,333,058 | €1,427,954 | +€94,896 | +7.1% |
| Tangible fixed assets | 22/27 | €1,333,058 | €1,427,954 | +€94,896 | +7.1% |
| Land and buildings | 22 | €1,289,780 | €1,295,549 | +€5,769 | +0.4% |
| Plant, machinery and equipment | 23 | €2,655 | €2,067 | -€588 | -22.1% |
| Furniture and vehicles | 24 | €5,098 | €92,626 | +€87,528 | +1,717% |
| Other tangible fixed assets | 26 | €35,525 | €37,711 | +€2,187 | +6.2% |
| Current assets | 29/58 | €467,894 | €428,763 | -€39,131 | -8.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,368 | €10,654 | -€24,714 | -69.9% |
| Trade receivables | 40 | €27,836 | €10,150 | -€17,685 | -63.5% |
| Other amounts receivable | 41 | €7,533 | €504 | -€7,029 | -93.3% |
| Current investments | 50/53 | €275,334 | €275,334 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,322 | €37,830 | -€14,492 | -27.7% |
| Deferred charges and accrued income | 490/1 | €4,871 | €4,946 | +€75 | +1.5% |
| Total equity and liabilities | 10/49 | €1,800,952 | €1,856,717 | +€55,765 | +3.1% |
| Equity | 10/15 | €1,794,992 | €1,778,538 | -€16,454 | -0.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | - | -€18,550 | |
| Other | 1109/19 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €1,519,579 | €1,519,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,054 | €33,054 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,054 | €33,054 | = | 0.0% |
| Distributable reserves | 133 | €1,486,524 | €1,486,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,863 | €240,409 | -€16,454 | -6.4% |
| Amounts payable | 17/49 | €5,961 | €78,179 | +€72,218 | +1,212% |
| Amounts payable after more than one year | 17 | - | €24,833 | +€24,833 | |
| Financial debts | 170/4 | - | €24,833 | +€24,833 | |
| Amounts payable within one year | 42/48 | €700 | €49,781 | +€49,081 | +7,015% |
| Current portion of amounts payable after more than one year | 42 | - | €11,706 | +€11,706 | |
| Trade debts | 44 | €391 | €1,179 | +€787 | +201% |
| Suppliers | 440/4 | €391 | €1,179 | +€787 | +201% |
| Taxes, remuneration and social security | 45 | €308 | - | -€308 | |
| Taxes | 450/3 | €308 | - | -€308 | |
| Other amounts payable | 47/48 | - | €36,896 | +€36,896 | |
| Accrued charges and deferred income | 492/3 | €5,261 | €3,565 | -€1,696 | -32.2% |
| Non-recurring operating income | 76A | €25,785 | €26,015 | +€230 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,759 | €79,323 | -€436 | -0.5% |
| Other operating charges | 640/8 | €8,004 | €9,072 | +€1,068 | +13.3% |
| Gross operating margin | 9900 | €55,776 | €71,370 | +€15,594 | +28.0% |
| Operating profit (loss) | 9901 | -€31,986 | -€17,025 | +€14,962 | +46.8% |
| Financial income | 75/76B | €4,549 | €2,671 | -€1,878 | -41.3% |
| Recurring financial income | 75 | €4,549 | €2,671 | -€1,878 | -41.3% |
| Financial charges | 65/66B | €1,141 | €1,779 | +€638 | +55.9% |
| Recurring financial charges | 65 | €1,141 | €1,779 | +€638 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,578 | -€16,132 | +€12,446 | +43.6% |
| Income taxes | 67/77 | €219 | €321 | +€102 | +46.5% |
| Profit (loss) for the period | 9904 | -€28,798 | -€16,454 | +€12,344 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,798 | -€16,454 | +€12,344 | +42.9% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.