Growth Consulting: 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.
Growth Consulting
Largest movements
- Receivables within one year +€8,067
up €8,067 (+65.1%), from €12,390 to €20,457
- Cash -€2,675
down €2,675 (-17.6%), from €15,160 to €12,485
mainly Receivables within one year (-€8,067) and Deferred charges and accrued income (-€1,962)
- Deferred charges and accrued income +€1,962
up €1,962 (+47.5%), from €4,133 to €6,095
- Tangible fixed assets -€576
down €576 (-12.0%), from €4,782 to €4,206
of which Furniture and vehicles: -€374
- Trade debts +€4,142
up €4,142 (+101%), from €4,113 to €8,255
- Profit (loss) carried forward +€3,999
up €3,999 (+20.7%), from €19,273 to €23,272
- Debts after one year -€1,814
down €1,814 (-36.3%), from €4,995 to €3,181
- Accrued charges and deferred income +€1,527
new in 2025: €1,527
- Other debts -€859
no longer reported in 2025 (was €859)
- Gross operating margin +€20,915
up €20,915, from -€10,777 to €10,138
- Financial charges +€3,145
up €3,145 (+3,114%), from €101 to €3,246
- Other operating charges +€405
up €405 (+86.4%), from €469 to €874
- Depreciation +€352
up €352 (+27.5%), from €1,279 to €1,631
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 | €38,815 | €45,593 | +€6,778 | +17.5% |
| Fixed assets | 21/28 | €7,132 | €6,556 | -€576 | -8.1% |
| Tangible fixed assets | 22/27 | €4,782 | €4,206 | -€576 | -12.0% |
| Furniture and vehicles | 24 | €3,030 | €2,656 | -€374 | -12.3% |
| Other tangible fixed assets | 26 | €1,752 | €1,550 | -€202 | -11.5% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €31,683 | €39,037 | +€7,354 | +23.2% |
| Amounts receivable within one year | 40/41 | €12,390 | €20,457 | +€8,067 | +65.1% |
| Trade receivables | 40 | €12,390 | €20,457 | +€8,067 | +65.1% |
| Cash at bank and in hand | 54/58 | €15,160 | €12,485 | -€2,675 | -17.6% |
| Deferred charges and accrued income | 490/1 | €4,133 | €6,095 | +€1,962 | +47.5% |
| Total equity and liabilities | 10/49 | €38,815 | €45,593 | +€6,778 | +17.5% |
| Equity | 10/15 | €21,773 | €25,772 | +€3,999 | +18.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,273 | €23,272 | +€3,999 | +20.7% |
| Amounts payable | 17/49 | €17,042 | €19,821 | +€2,779 | +16.3% |
| Amounts payable after more than one year | 17 | €4,995 | €3,181 | -€1,814 | -36.3% |
| Other amounts payable | 178/9 | €4,995 | €3,181 | -€1,814 | -36.3% |
| Amounts payable within one year | 42/48 | €12,047 | €15,113 | +€3,066 | +25.5% |
| Trade debts | 44 | €4,113 | €8,255 | +€4,142 | +101% |
| Suppliers | 440/4 | €4,113 | €8,255 | +€4,142 | +101% |
| Taxes, remuneration and social security | 45 | €7,075 | €6,858 | -€217 | -3.1% |
| Taxes | 450/3 | €7,075 | €6,858 | -€217 | -3.1% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | - | €1,527 | +€1,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €1,631 | +€352 | +27.5% |
| Other operating charges | 640/8 | €469 | €874 | +€405 | +86.4% |
| Non-recurring operating charges | 66A | €53 | €248 | +€195 | +368% |
| Gross operating margin | 9900 | -€10,777 | €10,138 | +€20,915 | |
| Operating profit (loss) | 9901 | -€12,578 | €7,385 | +€19,963 | |
| Financial charges | 65/66B | €101 | €3,246 | +€3,145 | +3,114% |
| Recurring financial charges | 65 | €101 | €3,246 | +€3,145 | +3,114% |
| Profit (loss) for the period before taxes | 9903 | -€12,679 | €4,139 | +€16,818 | |
| Income taxes | 67/77 | €112 | €140 | +€28 | +25.0% |
| Profit (loss) for the period | 9904 | -€12,791 | €3,999 | +€16,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,791 | €3,999 | +€16,790 |
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 24 October 2026 via checked.be.