I.7. 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.
What changed
I.7. CONSULTING
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,500
2024 · €74,815+€1,685
Equity
€1.4m
2024 · €1.4m+€41,500
Cash
€171,998
2024 · €106,056+€65,942
Balance sheet total
€1.5m
2024 · €1.4m+€41,668
Largest movements
Assets
- Cash +€65,942
up €65,942 (+62.2%), from €106,056 to €171,998
mainly Net result for the year (+€76,500) and Depreciation (+€61,110)
- Tangible fixed assets -€25,355
down €25,355 (-2.0%), from €1.3m to €1.3m
of which Land and buildings: -€15,795
Equity and liabilities
- Reserves +€41,400
up €41,400 (+9.3%), from €447,428 to €488,828
of which Distributable reserves: +€76,400
Income statement
- Turnover +€3,027
up €3,027 (+1.1%), from €268,917 to €271,944
- Gross operating margin +€2,903
up €2,903 (+1.6%), from €182,387 to €185,290
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
€74,815
Gross operating margin
+€2,903
Depreciation
-€836
Other operating charges
-€690
Financial charges
+€1
Taxes
+€308
Result 2025
€76,500
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
+€136,696
Investment
-€35,755
Financing
-€35,000
Cash 2024
€106,056
From operations (derived)
+€136,696
Net result for the year
+€76,500
Depreciation
+€61,110
Receivables within one year
-€1,082
Smaller working-capital items
+€168
Investment (derived)
-€35,755
Investment in fixed assets (net)
-€35,755
Financing
-€35,000
Contributions, distributions and other
-€35,000
Cash 2025
€171,998
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,408,388 | €1,450,057 | +€41,668 | +3.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,283,542 | €1,258,187 | -€25,355 | -2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,283,542 | €1,258,187 | -€25,355 | -2.0% |
| Land and buildings | 22 | €1,236,876 | €1,221,081 | -€15,795 | -1.3% |
| Plant, machinery and equipment | 23 | €19,598 | €17,227 | -€2,371 | -12.1% |
| Furniture and vehicles | 24 | €27,068 | €19,879 | -€7,189 | -26.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €124,846 | €191,870 | +€67,023 | +53.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,790 | €19,872 | +€1,082 | +5.8% |
| Trade receivables | 40 | €18,719 | €19,820 | +€1,101 | +5.9% |
| Other amounts receivable | 41 | €72 | €52 | -€19 | -27.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €106,056 | €171,998 | +€65,942 | +62.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,408,388 | €1,450,057 | +€41,668 | +3.0% |
| Equity | 10/15 | €1,400,799 | €1,442,300 | +€41,500 | +3.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €16,406 | €16,406 | = | 0.0% |
| Reserves | 13 | €447,428 | €488,828 | +€41,400 | +9.3% |
| Non-distributable reserves | 130/1 | €198,600 | €163,600 | -€35,000 | -17.6% |
| Reserves not available under the articles | 1311 | €198,600 | €163,600 | -€35,000 | -17.6% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €37,078 | €37,078 | = | 0.0% |
| Distributable reserves | 133 | €211,750 | €288,150 | +€76,400 | +36.1% |
| Profit (loss) carried forward | 14 | €916,505 | €916,605 | +€100 | 0.0% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €7,589 | €7,757 | +€168 | +2.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,589 | €7,757 | +€168 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €114 | €117 | +€3 | +2.6% |
| Suppliers | 440/4 | €114 | €117 | +€3 | +2.6% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,475 | €7,640 | +€165 | +2.2% |
| Taxes | 450/3 | €7,475 | €7,640 | +€165 | +2.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €268,917 | €271,944 | +€3,027 | +1.1% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,530 | €86,654 | +€123 | +0.1% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,273 | €61,110 | +€836 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €12,257 | €12,947 | +€690 | +5.6% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €182,387 | €185,290 | +€2,903 | +1.6% |
| Operating profit (loss) | 9901 | €109,857 | €111,234 | +€1,377 | +1.3% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €46 | €45 | -€1 | -1.3% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -1.3% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €109,811 | €111,189 | +€1,378 | +1.3% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €34,996 | €34,688 | -€308 | -0.9% |
| Profit (loss) for the period | 9904 | €74,815 | €76,500 | +€1,685 | +2.3% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €74,815 | €76,500 | +€1,685 | +2.3% |
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 13 October 2026 via checked.be.