INDUSTRIAL 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.
INDUSTRIAL CONSULTING
Largest movements
- Receivables within one year -€275,658
down €275,658 (-58.3%), from €472,890 to €197,232
of which Trade receivables: -€275,016
- Receivables after one year +€100,000
up €100,000 (+54.1%), from €184,722 to €284,722
- Cash +€71,224
up €71,224 (+54.9%), from €129,652 to €200,876
mainly Debts after one year (+€340,310) and Receivables within one year (+€275,658)
- Tangible fixed assets +€59,018
up €59,018 (+3.8%), from €1.6m to €1.6m
of which Land and buildings: +€42,354
- Debts after one year +€340,310
up €340,310 (+60.4%), from €563,801 to €904,111
- Other debts -€236,285
down €236,285 (-25.5%), from €927,697 to €691,412
- Trade debts -€166,822
down €166,822 (-89.2%), from €186,949 to €20,127
- Gross operating margin +€38,093
up €38,093 (+33.0%), from €115,447 to €153,540
- Depreciation +€35,871
up €35,871 (+81.6%), from €43,950 to €79,821
- Other operating charges -€14,326
down €14,326 (-44.9%), from €31,907 to €17,581
- Taxes +€10,815
up €10,815 (+345%), from €3,138 to €13,953
- Financial charges +€3,187
up €3,187 (+9.7%), from €32,877 to €36,064
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 | €2,428,018 | €2,381,592 | -€46,426 | -1.9% |
| Fixed assets | 21/28 | €1,604,395 | €1,663,413 | +€59,018 | +3.7% |
| Tangible fixed assets | 22/27 | €1,562,535 | €1,621,553 | +€59,018 | +3.8% |
| Land and buildings | 22 | €1,447,005 | €1,489,359 | +€42,354 | +2.9% |
| Plant, machinery and equipment | 23 | €90,457 | €108,855 | +€18,398 | +20.3% |
| Furniture and vehicles | 24 | €25,073 | €23,339 | -€1,734 | -6.9% |
| Financial fixed assets | 28 | €41,860 | €41,860 | = | 0.0% |
| Current assets | 29/58 | €823,623 | €718,179 | -€105,444 | -12.8% |
| Amounts receivable after more than one year | 29 | €184,722 | €284,722 | +€100,000 | +54.1% |
| Other amounts receivable | 291 | €184,722 | €284,722 | +€100,000 | +54.1% |
| Amounts receivable within one year | 40/41 | €472,890 | €197,232 | -€275,658 | -58.3% |
| Trade receivables | 40 | €462,898 | €187,882 | -€275,016 | -59.4% |
| Other amounts receivable | 41 | €9,992 | €9,350 | -€642 | -6.4% |
| Cash at bank and in hand | 54/58 | €129,652 | €200,876 | +€71,224 | +54.9% |
| Deferred charges and accrued income | 490/1 | €36,359 | €35,349 | -€1,010 | -2.8% |
| Total equity and liabilities | 10/49 | €2,428,018 | €2,381,592 | -€46,426 | -1.9% |
| Equity | 10/15 | €691,234 | €702,786 | +€11,552 | +1.7% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Revaluation surpluses | 12 | €51,496 | €51,496 | = | 0.0% |
| Reserves | 13 | €314,738 | €326,290 | +€11,552 | +3.7% |
| Non-distributable reserves | 130/1 | €32,500 | €32,500 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,042 | €85,846 | -€2,196 | -2.5% |
| Distributable reserves | 133 | €194,196 | €207,944 | +€13,748 | +7.1% |
| Provisions and deferred taxes | 16 | €23,097 | €22,365 | -€732 | -3.2% |
| Deferred taxes | 168 | €23,097 | €22,365 | -€732 | -3.2% |
| Amounts payable | 17/49 | €1,713,687 | €1,656,441 | -€57,246 | -3.3% |
| Amounts payable after more than one year | 17 | €563,801 | €904,111 | +€340,310 | +60.4% |
| Financial debts | 170/4 | €563,801 | €904,111 | +€340,310 | +60.4% |
| Amounts payable within one year | 42/48 | €1,117,784 | €716,524 | -€401,260 | -35.9% |
| Trade debts | 44 | €186,949 | €20,127 | -€166,822 | -89.2% |
| Suppliers | 440/4 | €186,949 | €20,127 | -€166,822 | -89.2% |
| Taxes, remuneration and social security | 45 | €3,138 | €4,985 | +€1,847 | +58.9% |
| Taxes | 450/3 | €3,138 | €4,985 | +€1,847 | +58.9% |
| Other amounts payable | 47/48 | €927,697 | €691,412 | -€236,285 | -25.5% |
| Accrued charges and deferred income | 492/3 | €32,102 | €35,806 | +€3,704 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,950 | €79,821 | +€35,871 | +81.6% |
| Other operating charges | 640/8 | €31,907 | €17,581 | -€14,326 | -44.9% |
| Gross operating margin | 9900 | €115,447 | €153,540 | +€38,093 | +33.0% |
| Operating profit (loss) | 9901 | €39,590 | €56,138 | +€16,548 | +41.8% |
| Financial income | 75/76B | €4,559 | €4,699 | +€140 | +3.1% |
| Recurring financial income | 75 | €4,559 | €4,699 | +€140 | +3.1% |
| Financial charges | 65/66B | €32,877 | €36,064 | +€3,187 | +9.7% |
| Recurring financial charges | 65 | €32,877 | €36,064 | +€3,187 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €11,272 | €24,773 | +€13,501 | +120% |
| Transfer from deferred taxes | 780 | €732 | €732 | = | 0.0% |
| Income taxes | 67/77 | €3,138 | €13,953 | +€10,815 | +345% |
| Profit (loss) for the period | 9904 | €8,866 | €11,552 | +€2,686 | +30.3% |
| Transfer from tax-exempt reserves | 789 | €2,195 | €2,196 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,061 | €13,748 | +€2,687 | +24.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.