J.R. ECONSULT: 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.
J.R. ECONSULT
Largest movements
- Cash +€78,211
up €78,211 (+512%), from €15,261 to €93,472
mainly Net result for the year (+€87,314) and Depreciation (+€26,867)
- Current investments +€30,543
up €30,543 (+33.3%), from €91,687 to €122,230
- Receivables within one year +€17,820
up €17,820 (+23.6%), from €75,435 to €93,255
of which Trade receivables: +€17,554
- Tangible fixed assets -€8,323
down €8,323 (-19.6%), from €42,511 to €34,188
of which Furniture and vehicles: -€9,719
- Intangible fixed assets -€7,553
down €7,553 (-16.2%), from €46,581 to €39,028
- Reserves +€87,314
up €87,314 (+38.8%), from €224,792 to €312,106
of which Distributable reserves: +€87,314
- Tax, wage and social debts +€14,409
up €14,409 (+95.4%), from €15,107 to €29,517
of which Taxes: +€13,600
- Trade debts +€6,686
up €6,686 (+24.8%), from €26,981 to €33,667
- Gross operating margin +€94,037
up €94,037 (+73.2%), from €128,526 to €222,563
- Staff costs +€29,710
up €29,710 (+75.0%), from €39,631 to €69,341
- Taxes +€16,781
up €16,781 (+86.9%), from €19,309 to €36,090
- Depreciation +€7,889
up €7,889 (+41.6%), from €18,977 to €26,867
- Other operating charges -€3,106
down €3,106 (-78.3%), from €3,966 to €860
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 | €279,375 | €387,784 | +€108,409 | +38.8% |
| Formation expenses | 20 | €698 | €468 | -€231 | -33.0% |
| Fixed assets | 21/28 | €89,092 | €73,216 | -€15,875 | -17.8% |
| Intangible fixed assets | 21 | €46,581 | €39,028 | -€7,553 | -16.2% |
| Tangible fixed assets | 22/27 | €42,511 | €34,188 | -€8,323 | -19.6% |
| Plant, machinery and equipment | 23 | €1,424 | €2,821 | +€1,396 | +98.0% |
| Furniture and vehicles | 24 | €41,087 | €31,367 | -€9,719 | -23.7% |
| Current assets | 29/58 | €189,585 | €314,100 | +€124,515 | +65.7% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,435 | €93,255 | +€17,820 | +23.6% |
| Trade receivables | 40 | €72,345 | €89,899 | +€17,554 | +24.3% |
| Other amounts receivable | 41 | €3,090 | €3,357 | +€266 | +8.6% |
| Current investments | 50/53 | €91,687 | €122,230 | +€30,543 | +33.3% |
| Cash at bank and in hand | 54/58 | €15,261 | €93,472 | +€78,211 | +512% |
| Deferred charges and accrued income | 490/1 | €5,202 | €3,143 | -€2,059 | -39.6% |
| Total equity and liabilities | 10/49 | €279,375 | €387,784 | +€108,409 | +38.8% |
| Equity | 10/15 | €237,287 | €324,601 | +€87,314 | +36.8% |
| Reserves | 13 | €224,792 | €312,106 | +€87,314 | +38.8% |
| Non-distributable reserves | 130/1 | €1,676 | €1,676 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,676 | €1,676 | = | 0.0% |
| Distributable reserves | 133 | €223,116 | €310,430 | +€87,314 | +39.1% |
| Investment grants | 15 | €12,495 | €12,495 | = | 0.0% |
| Amounts payable | 17/49 | €42,088 | €63,183 | +€21,095 | +50.1% |
| Amounts payable within one year | 42/48 | €42,088 | €63,183 | +€21,095 | +50.1% |
| Trade debts | 44 | €26,981 | €33,667 | +€6,686 | +24.8% |
| Suppliers | 440/4 | €26,981 | €33,667 | +€6,686 | +24.8% |
| Taxes, remuneration and social security | 45 | €15,107 | €29,517 | +€14,409 | +95.4% |
| Taxes | 450/3 | €5,970 | €19,570 | +€13,600 | +228% |
| Remuneration and social security | 454/9 | €9,137 | €9,947 | +€810 | +8.9% |
| Non-recurring operating income | 76A | - | €1,080 | +€1,080 | |
| Remuneration, social security and pensions | 62 | €39,631 | €69,341 | +€29,710 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,977 | €26,867 | +€7,889 | +41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,640 | €540 | -€2,100 | -79.5% |
| Other operating charges | 640/8 | €3,966 | €860 | -€3,106 | -78.3% |
| Gross operating margin | 9900 | €128,526 | €222,563 | +€94,037 | +73.2% |
| Operating profit (loss) | 9901 | €63,311 | €124,955 | +€61,644 | +97.4% |
| Financial income | 75/76B | €16 | €256 | +€240 | +1,517% |
| Recurring financial income | 75 | €16 | €256 | +€240 | +1,517% |
| Financial charges | 65/66B | €118 | €1,807 | +€1,689 | +1,437% |
| Recurring financial charges | 65 | €118 | €1,807 | +€1,689 | +1,437% |
| Profit (loss) for the period before taxes | 9903 | €63,209 | €123,404 | +€60,195 | +95.2% |
| Income taxes | 67/77 | €19,309 | €36,090 | +€16,781 | +86.9% |
| Profit (loss) for the period | 9904 | €43,900 | €87,314 | +€43,414 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,900 | €87,314 | +€43,414 | +98.9% |
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 29 October 2026 via checked.be.