Heyvaert De Sutter Consulting: what changed
Heyvaert De Sutter Consulting
Largest movements
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Cash -€38,769
down €38,769 (-36.2%), from €106,971 to €68,203
mainly Contributions, distributions and other (-€86,295) and Tax, wage and social debts (-€35,469)
- Receivables within one year -€11,499
down €11,499 (-64.4%), from €17,860 to €6,362
of which Trade receivables: -€10,470
- Tangible fixed assets -€5,411
down €5,411 (-23.9%), from €22,660 to €17,249
of which Furniture and vehicles: -€5,097
- Deferred charges and accrued income -€3,009
down €3,009 (-38.4%), from €7,840 to €4,830
- Profit (loss) carried forward -€86,295
no longer reported in 2025 (was €86,295)
- Tax, wage and social debts -€35,469
down €35,469 (-77.0%), from €46,058 to €10,589
- Reserves +€23,825
up €23,825 (+1,281%), from €1,860 to €25,685
- Other debts -€13,892
down €13,892 (-13.8%), from €100,726 to €86,834
- Trade debts +€3,144
up €3,144 (+175%), from €1,792 to €4,935
- Gross operating margin -€202,449
down €202,449 (-81.7%), from €247,659 to €45,210
- Taxes -€46,992
down €46,992 (-82.7%), from €56,816 to €9,824
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 | €255,331 | €146,644 | -€108,687 | -42.6% |
| Fixed assets | 21/28 | €22,660 | €17,249 | -€5,411 | -23.9% |
| Tangible fixed assets | 22/27 | €22,660 | €17,249 | -€5,411 | -23.9% |
| Plant, machinery and equipment | 23 | €2,075 | €2,563 | +€487 | +23.5% |
| Furniture and vehicles | 24 | €13,490 | €8,392 | -€5,097 | -37.8% |
| Other tangible fixed assets | 26 | €7,095 | €6,294 | -€801 | -11.3% |
| Current assets | 29/58 | €232,671 | €129,395 | -€103,276 | -44.4% |
| Amounts receivable within one year | 40/41 | €17,860 | €6,362 | -€11,499 | -64.4% |
| Trade receivables | 40 | €13,676 | €3,207 | -€10,470 | -76.6% |
| Other amounts receivable | 41 | €4,184 | €3,155 | -€1,029 | -24.6% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €106,971 | €68,203 | -€38,769 | -36.2% |
| Deferred charges and accrued income | 490/1 | €7,840 | €4,830 | -€3,009 | -38.4% |
| Total equity and liabilities | 10/49 | €255,331 | €146,644 | -€108,687 | -42.6% |
| Equity | 10/15 | €106,755 | €44,285 | -€62,470 | -58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €25,685 | +€23,825 | +1,281% |
| Distributable reserves | 133 | €1,860 | €25,685 | +€23,825 | +1,281% |
| Profit (loss) carried forward | 14 | €86,295 | - | -€86,295 | |
| Amounts payable | 17/49 | €148,576 | €102,358 | -€46,217 | -31.1% |
| Amounts payable within one year | 42/48 | €148,576 | €102,358 | -€46,217 | -31.1% |
| Trade debts | 44 | €1,792 | €4,935 | +€3,144 | +175% |
| Suppliers | 440/4 | €1,792 | €4,935 | +€3,144 | +175% |
| Taxes, remuneration and social security | 45 | €46,058 | €10,589 | -€35,469 | -77.0% |
| Taxes | 450/3 | €46,058 | €10,589 | -€35,469 | -77.0% |
| Other amounts payable | 47/48 | €100,726 | €86,834 | -€13,892 | -13.8% |
| Non-recurring operating income | 76A | - | €1,487 | +€1,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,365 | €7,048 | +€1,682 | +31.4% |
| Other operating charges | 640/8 | €745 | €783 | +€39 | +5.2% |
| Non-recurring operating charges | 66A | - | €2,950 | +€2,950 | |
| Gross operating margin | 9900 | €247,659 | €45,210 | -€202,449 | -81.7% |
| Operating profit (loss) | 9901 | €241,549 | €34,429 | -€207,120 | -85.7% |
| Financial income | 75/76B | €2,094 | €1,990 | -€104 | -5.0% |
| Recurring financial income | 75 | €2,094 | €1,990 | -€104 | -5.0% |
| Financial charges | 65/66B | €3,217 | €2,769 | -€448 | -13.9% |
| Recurring financial charges | 65 | €3,141 | €2,769 | -€372 | -11.9% |
| Non-recurring financial charges | 66B | €76 | - | -€76 | |
| Profit (loss) for the period before taxes | 9903 | €240,426 | €33,650 | -€206,776 | -86.0% |
| Income taxes | 67/77 | €56,816 | €9,824 | -€46,992 | -82.7% |
| Profit (loss) for the period | 9904 | €183,610 | €23,825 | -€159,784 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,610 | €23,825 | -€159,784 | -87.0% |
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 7 November 2026 via checked.be.