GENERAL ADMINISTRATION & CONSULTING: what changed
GENERAL ADMINISTRATION & CONSULTING
Largest movements
- Receivables within one year -€63,291
down €63,291 (-44.7%), from €141,520 to €78,229
of which Other amounts receivable: -€64,333
- Receivables after one year +€57,000
up €57,000 (+380%), from €15,000 to €72,000
- Cash +€7,339
up €7,339 (+172%), from €4,267 to €11,606
mainly Receivables within one year (+€63,291) and Net result for the year (+€16,731)
- Tangible fixed assets -€4,102
down €4,102 (-6.1%), from €67,332 to €63,230
of which Assets under construction and advance payments: -€5,000
- Profit (loss) carried forward +€16,731
up €16,731 (+12.7%), from €131,499 to €148,230
- Trade debts -€15,464
down €15,464 (-98.7%), from €15,673 to €209
- Tax, wage and social debts -€6,555
down €6,555 (-60.2%), from €10,882 to €4,327
- Gross operating margin -€6,764
down €6,764 (-18.3%), from €36,883 to €30,119
- Depreciation +€5,474
up €5,474 (+262%), from €2,093 to €7,567
- Financial income -€3,153
down €3,153 (-80.6%), from €3,914 to €761
of which Financial income: -€3,149
- Other operating charges -€2,255
down €2,255 (-92.0%), from €2,450 to €195
- Taxes -€1,618
down €1,618 (-21.1%), from €7,663 to €6,045
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,478 | €229,190 | -€5,288 | -2.3% |
| Fixed assets | 21/28 | €67,332 | €63,230 | -€4,102 | -6.1% |
| Tangible fixed assets | 22/27 | €67,332 | €63,230 | -€4,102 | -6.1% |
| Land and buildings | 22 | €13,385 | €12,244 | -€1,141 | -8.5% |
| Plant, machinery and equipment | 23 | €251 | €0 | -€251 | -100% |
| Furniture and vehicles | 24 | €476 | €2,766 | +€2,290 | +481% |
| Assets under construction and advance payments | 27 | €53,220 | €48,220 | -€5,000 | -9.4% |
| Current assets | 29/58 | €167,146 | €165,960 | -€1,186 | -0.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €72,000 | +€57,000 | +380% |
| Other amounts receivable | 291 | €15,000 | €72,000 | +€57,000 | +380% |
| Amounts receivable within one year | 40/41 | €141,520 | €78,229 | -€63,291 | -44.7% |
| Trade receivables | 40 | €168 | €1,210 | +€1,042 | +620% |
| Other amounts receivable | 41 | €141,352 | €77,019 | -€64,333 | -45.5% |
| Current investments | 50/53 | €3,513 | €2,187 | -€1,326 | -37.7% |
| Cash at bank and in hand | 54/58 | €4,267 | €11,606 | +€7,339 | +172% |
| Deferred charges and accrued income | 490/1 | €2,846 | €1,938 | -€908 | -31.9% |
| Total equity and liabilities | 10/49 | €234,478 | €229,190 | -€5,288 | -2.3% |
| Equity | 10/15 | €181,923 | €198,654 | +€16,731 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,824 | €31,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,965 | €29,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,499 | €148,230 | +€16,731 | +12.7% |
| Provisions and deferred taxes | 16 | €26,000 | €26,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,000 | €26,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €26,000 | €26,000 | = | 0.0% |
| Amounts payable | 17/49 | €26,555 | €4,536 | -€22,019 | -82.9% |
| Amounts payable within one year | 42/48 | €26,555 | €4,536 | -€22,019 | -82.9% |
| Trade debts | 44 | €15,673 | €209 | -€15,464 | -98.7% |
| Suppliers | 440/4 | €15,673 | €209 | -€15,464 | -98.7% |
| Taxes, remuneration and social security | 45 | €10,882 | €4,327 | -€6,555 | -60.2% |
| Taxes | 450/3 | €10,882 | €4,327 | -€6,555 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,093 | €7,567 | +€5,474 | +262% |
| Other operating charges | 640/8 | €2,450 | €195 | -€2,255 | -92.0% |
| Non-recurring operating charges | 66A | €926 | - | -€926 | |
| Gross operating margin | 9900 | €36,883 | €30,119 | -€6,764 | -18.3% |
| Operating profit (loss) | 9901 | €31,414 | €22,357 | -€9,057 | -28.8% |
| Financial income | 75/76B | €3,914 | €761 | -€3,153 | -80.6% |
| Recurring financial income | 75 | €3,910 | €761 | -€3,149 | -80.5% |
| Non-recurring financial income | 76B | €4 | - | -€4 | |
| Financial charges | 65/66B | €306 | €342 | +€36 | +11.8% |
| Recurring financial charges | 65 | €306 | €342 | +€36 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €35,022 | €22,776 | -€12,246 | -35.0% |
| Income taxes | 67/77 | €7,663 | €6,045 | -€1,618 | -21.1% |
| Profit (loss) for the period | 9904 | €27,359 | €16,731 | -€10,628 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,359 | €16,731 | -€10,628 | -38.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.