K - CONSULT: 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.
K - CONSULT
Largest movements
- Current investments +€37,291
up €37,291 (+5.2%), from €712,166 to €749,457
- Tangible fixed assets -€28,232
down €28,232 (-8.0%), from €353,930 to €325,697
of which Land and buildings: -€28,507
- Cash +€26,729
up €26,729 (+35.4%), from €75,476 to €102,205
mainly Other debts (+€81,336) and Depreciation (+€31,847)
- Receivables within one year -€22,742
down €22,742 (-60.0%), from €37,885 to €15,144
of which Trade receivables: -€37,885
- Other debts +€81,336
up €81,336 (+6,650%), from €1,223 to €82,559
- Reserves -€61,621
down €61,621 (-15.2%), from €404,389 to €342,769
of which Distributable reserves: -€61,621
- Gross operating margin -€119,580
down €119,580 (-82.6%), from €144,804 to €25,223
- Taxes -€31,398
down €31,398 (-88.6%), from €35,420 to €4,022
- Financial income +€23,562
up €23,562 (+87.4%), from €26,966 to €50,528
- Other operating charges +€5,435
up €5,435 (+119%), from €4,563 to €9,998
- Financial charges +€3,808
up €3,808 (+59.8%), from €6,366 to €10,174
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 | €1,179,997 | €1,193,002 | +€13,005 | +1.1% |
| Fixed assets | 21/28 | €353,930 | €325,697 | -€28,232 | -8.0% |
| Tangible fixed assets | 22/27 | €353,930 | €325,697 | -€28,232 | -8.0% |
| Land and buildings | 22 | €350,123 | €321,616 | -€28,507 | -8.1% |
| Plant, machinery and equipment | 23 | €1,578 | - | -€1,578 | |
| Furniture and vehicles | 24 | €2,229 | €4,082 | +€1,853 | +83.2% |
| Current assets | 29/58 | €826,068 | €867,305 | +€41,237 | +5.0% |
| Amounts receivable within one year | 40/41 | €37,885 | €15,144 | -€22,742 | -60.0% |
| Trade receivables | 40 | €37,885 | - | -€37,885 | |
| Other amounts receivable | 41 | - | €15,144 | +€15,144 | |
| Current investments | 50/53 | €712,166 | €749,457 | +€37,291 | +5.2% |
| Cash at bank and in hand | 54/58 | €75,476 | €102,205 | +€26,729 | +35.4% |
| Deferred charges and accrued income | 490/1 | €541 | €499 | -€41 | -7.6% |
| Total equity and liabilities | 10/49 | €1,179,997 | €1,193,002 | +€13,005 | +1.1% |
| Equity | 10/15 | €1,149,589 | €1,087,969 | -€61,621 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €404,389 | €342,769 | -€61,621 | -15.2% |
| Non-distributable reserves | 130/1 | €14,385 | €14,385 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,385 | €14,385 | = | 0.0% |
| Distributable reserves | 133 | €390,004 | €328,383 | -€61,621 | -15.8% |
| Profit (loss) carried forward | 14 | €726,608 | €726,608 | = | 0.0% |
| Amounts payable | 17/49 | €30,408 | €105,034 | +€74,625 | +245% |
| Amounts payable within one year | 42/48 | €28,070 | €102,466 | +€74,396 | +265% |
| Trade debts | 44 | €178 | €2,802 | +€2,624 | +1,477% |
| Suppliers | 440/4 | €178 | €2,802 | +€2,624 | +1,477% |
| Taxes, remuneration and social security | 45 | €26,670 | €17,106 | -€9,564 | -35.9% |
| Taxes | 450/3 | €26,670 | €17,106 | -€9,564 | -35.9% |
| Other amounts payable | 47/48 | €1,223 | €82,559 | +€81,336 | +6,650% |
| Accrued charges and deferred income | 492/3 | €2,338 | €2,567 | +€230 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,088 | €31,847 | +€759 | +2.4% |
| Other operating charges | 640/8 | €4,563 | €9,998 | +€5,435 | +119% |
| Gross operating margin | 9900 | €144,804 | €25,223 | -€119,580 | -82.6% |
| Operating profit (loss) | 9901 | €109,153 | -€16,622 | -€125,775 | |
| Financial income | 75/76B | €26,966 | €50,528 | +€23,562 | +87.4% |
| Recurring financial income | 75 | €26,966 | €50,528 | +€23,562 | +87.4% |
| Financial charges | 65/66B | €6,366 | €10,174 | +€3,808 | +59.8% |
| Recurring financial charges | 65 | €6,366 | €10,174 | +€3,808 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €129,752 | €23,732 | -€106,020 | -81.7% |
| Income taxes | 67/77 | €35,420 | €4,022 | -€31,398 | -88.6% |
| Profit (loss) for the period | 9904 | €94,332 | €19,711 | -€74,622 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,332 | €19,711 | -€74,622 | -79.1% |
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 16 October 2026 via checked.be.