GROUPCONSULT: 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.
GROUPCONSULT
Largest movements
- Tangible fixed assets -€234,523
down €234,523 (-12.8%), from €1.8m to €1.6m
of which Land and buildings: -€236,987
- Cash -€76,294
down €76,294 (-84.4%), from €90,348 to €14,054
mainly Other debts (-€146,076) and Debts after one year (-€85,594)
- Receivables within one year +€23,367
up €23,367 (+552.6%), from €4,229 to €27,596
of which Trade receivables: +€12,816
- Other debts -€146,076
down €146,076 (-53.4%), from €273,735 to €127,659
- Debts after one year -€85,594
down €85,594 (-17.4%), from €492,354 to €406,760
of which Financial debts: -€77,724
- Reserves -€36,569
down €36,569 (-6.1%), from €599,814 to €563,244
of which Tax-exempt reserves: -€36,569
- Other operating charges +€41,062
up €41,062 (+260.3%), from €15,776 to €56,838
- Gross operating margin -€29,865
down €29,865 (-15.8%), from €189,166 to €159,301
- Taxes -€16,081
down €16,081 (-72.3%), from €22,254 to €6,173
- Depreciation -€4,243
down €4,243 (-3.1%), from €135,061 to €130,818
- Financial charges -€3,148
down €3,148 (-10.9%), from €29,002 to €25,854
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 | €1,934,225 | €1,644,025 | -€290,200 | -15.0% |
| Fixed assets | 21/28 | €1,835,104 | €1,600,602 | -€234,502 | -12.8% |
| Tangible fixed assets | 22/27 | €1,829,320 | €1,594,797 | -€234,523 | -12.8% |
| Land and buildings | 22 | €1,779,192 | €1,542,205 | -€236,987 | -13.3% |
| Plant, machinery and equipment | 23 | €48,317 | €51,981 | +€3,665 | +7.6% |
| Furniture and vehicles | 24 | €1,811 | €611 | -€1,201 | -66.3% |
| Financial fixed assets | 28 | €5,784 | €5,805 | +€21 | +0.4% |
| Current assets | 29/58 | €99,121 | €43,422 | -€55,698 | -56.2% |
| Amounts receivable within one year | 40/41 | €4,229 | €27,596 | +€23,367 | +552.6% |
| Trade receivables | 40 | €1,483 | €14,298 | +€12,816 | +864.3% |
| Other amounts receivable | 41 | €2,746 | €13,297 | +€10,551 | +384.2% |
| Cash at bank and in hand | 54/58 | €90,348 | €14,054 | -€76,294 | -84.4% |
| Deferred charges and accrued income | 490/1 | €4,544 | €1,773 | -€2,772 | -61.0% |
| Total equity and liabilities | 10/49 | €1,934,225 | €1,644,025 | -€290,200 | -15.0% |
| Equity | 10/15 | €782,314 | €743,834 | -€38,480 | -4.9% |
| Contributions | 10/11 | €182,500 | €182,500 | = | 0.0% |
| Reserves | 13 | €599,814 | €563,244 | -€36,569 | -6.1% |
| Tax-exempt reserves | 132 | €506,381 | €469,812 | -€36,569 | -7.2% |
| Distributable reserves | 133 | €93,433 | €93,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,911 | -€1,911 | |
| Provisions and deferred taxes | 16 | €244,425 | €227,102 | -€17,323 | -7.1% |
| Deferred taxes | 168 | €244,425 | €227,102 | -€17,323 | -7.1% |
| Amounts payable | 17/49 | €907,486 | €673,089 | -€234,397 | -25.8% |
| Amounts payable after more than one year | 17 | €492,354 | €406,760 | -€85,594 | -17.4% |
| Financial debts | 170/4 | €444,340 | €366,616 | -€77,724 | -17.5% |
| Other amounts payable | 178/9 | €48,014 | €40,144 | -€7,870 | -16.4% |
| Amounts payable within one year | 42/48 | €397,745 | €244,989 | -€152,756 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €91,699 | €92,011 | +€312 | +0.3% |
| Trade debts | 44 | €14,828 | €15,214 | +€386 | +2.6% |
| Suppliers | 440/4 | €14,828 | €15,214 | +€386 | +2.6% |
| Taxes, remuneration and social security | 45 | €17,484 | €10,105 | -€7,379 | -42.2% |
| Taxes | 450/3 | €17,484 | €10,105 | -€7,379 | -42.2% |
| Other amounts payable | 47/48 | €273,735 | €127,659 | -€146,076 | -53.4% |
| Accrued charges and deferred income | 492/3 | €17,387 | €21,340 | +€3,953 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,061 | €130,818 | -€4,243 | -3.1% |
| Other operating charges | 640/8 | €15,776 | €56,838 | +€41,062 | +260.3% |
| Gross operating margin | 9900 | €189,166 | €159,301 | -€29,865 | -15.8% |
| Operating profit (loss) | 9901 | €38,329 | -€28,356 | -€66,685 | |
| Financial income | 75/76B | €4,173 | €4,580 | +€408 | +9.8% |
| Recurring financial income | 75 | €4,173 | €4,580 | +€408 | +9.8% |
| Financial charges | 65/66B | €29,002 | €25,854 | -€3,148 | -10.9% |
| Recurring financial charges | 65 | €29,002 | €25,854 | -€3,148 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €13,499 | -€49,630 | -€63,129 | |
| Transfer from deferred taxes | 780 | €17,905 | €17,323 | -€582 | -3.3% |
| Income taxes | 67/77 | €22,254 | €6,173 | -€16,081 | -72.3% |
| Profit (loss) for the period | 9904 | €9,150 | -€38,480 | -€47,630 | |
| Transfer from tax-exempt reserves | 789 | €37,753 | €36,569 | -€1,183 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,903 | -€1,911 | -€48,813 |
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 9 October 2026 via checked.be.