L-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.
L-Consult
Largest movements
- Financial fixed assets +€450,000
new in 2025: €450,000
- Cash -€150,197
down €150,197 (-39.6%), from €379,166 to €228,969
mainly Investment in fixed assets (net) (-€450,000) and Tax, wage and social debts (-€74,679)
- Current investments -€28,031
down €28,031 (-55.5%), from €50,515 to €22,484
- Tangible fixed assets -€17,364
down €17,364 (-6.0%), from €289,909 to €272,545
of which Land and buildings: -€10,804
- Debts after one year +€232,926
up €232,926 (+476%), from €48,931 to €281,857
- Reserves +€102,764
up €102,764 (+20.0%), from €514,272 to €617,036
of which Distributable reserves: +€102,764
- Tax, wage and social debts -€74,679
down €74,679 (-83.4%), from €89,538 to €14,859
- Current portion of long-term debt +€68,130
up €68,130 (+864%), from €7,881 to €76,011
- Short-term financial debts -€37,000
down €37,000 (-100%), from €37,000 to €0
- Gross operating margin +€40,685
up €40,685 (+29.9%), from €135,948 to €176,633
- Taxes +€7,381
up €7,381 (+20.5%), from €36,053 to €43,434
- Financial charges +€5,489
up €5,489 (+110%), from €4,998 to €10,487
- Other operating charges +€3,901
up €3,901 (+361%), from €1,081 to €4,982
- Depreciation +€3,483
up €3,483 (+25.1%), from €13,881 to €17,364
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 | €759,680 | €1,025,387 | +€265,707 | +35.0% |
| Fixed assets | 21/28 | €289,909 | €722,545 | +€432,636 | +149% |
| Tangible fixed assets | 22/27 | €289,909 | €272,545 | -€17,364 | -6.0% |
| Land and buildings | 22 | €261,489 | €250,685 | -€10,804 | -4.1% |
| Plant, machinery and equipment | 23 | €1,842 | €1,247 | -€595 | -32.3% |
| Furniture and vehicles | 24 | €23,231 | €18,277 | -€4,954 | -21.3% |
| Other tangible fixed assets | 26 | €3,347 | €2,336 | -€1,011 | -30.2% |
| Financial fixed assets | 28 | - | €450,000 | +€450,000 | |
| Current assets | 29/58 | €469,771 | €302,842 | -€166,929 | -35.5% |
| Amounts receivable within one year | 40/41 | €40,090 | €43,410 | +€3,320 | +8.3% |
| Trade receivables | 40 | €22,120 | €19,480 | -€2,640 | -11.9% |
| Other amounts receivable | 41 | €17,970 | €23,930 | +€5,960 | +33.2% |
| Current investments | 50/53 | €50,515 | €22,484 | -€28,031 | -55.5% |
| Cash at bank and in hand | 54/58 | €379,166 | €228,969 | -€150,197 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €7,978 | +€7,978 | |
| Total equity and liabilities | 10/49 | €759,680 | €1,025,387 | +€265,707 | +35.0% |
| Equity | 10/15 | €532,872 | €635,636 | +€102,764 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €514,272 | €617,036 | +€102,764 | +20.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,776 | €18,776 | = | 0.0% |
| Distributable reserves | 133 | €493,636 | €596,401 | +€102,764 | +20.8% |
| Amounts payable | 17/49 | €226,808 | €389,751 | +€162,943 | +71.8% |
| Amounts payable after more than one year | 17 | €48,931 | €281,857 | +€232,926 | +476% |
| Financial debts | 170/4 | €48,931 | €281,857 | +€232,926 | +476% |
| Amounts payable within one year | 42/48 | €177,877 | €107,574 | -€70,303 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €7,881 | €76,011 | +€68,130 | +864% |
| Financial debts | 43 | €37,000 | €0 | -€37,000 | -100% |
| Credit institutions | 430/8 | €37,000 | €0 | -€37,000 | -100% |
| Trade debts | 44 | €43,457 | €16,703 | -€26,754 | -61.6% |
| Suppliers | 440/4 | €43,457 | €16,703 | -€26,754 | -61.6% |
| Taxes, remuneration and social security | 45 | €89,538 | €14,859 | -€74,679 | -83.4% |
| Taxes | 450/3 | €89,538 | €14,859 | -€74,679 | -83.4% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Remuneration, social security and pensions | 62 | - | €2,561 | +€2,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,881 | €17,364 | +€3,483 | +25.1% |
| Other operating charges | 640/8 | €1,081 | €4,982 | +€3,901 | +361% |
| Gross operating margin | 9900 | €135,948 | €176,633 | +€40,685 | +29.9% |
| Operating profit (loss) | 9901 | €120,986 | €151,725 | +€30,739 | +25.4% |
| Financial income | 75/76B | €6,078 | €4,960 | -€1,118 | -18.4% |
| Recurring financial income | 75 | €6,078 | €4,960 | -€1,118 | -18.4% |
| Financial charges | 65/66B | €4,998 | €10,487 | +€5,489 | +110% |
| Recurring financial charges | 65 | €4,998 | €10,487 | +€5,489 | +110% |
| Profit (loss) for the period before taxes | 9903 | €122,066 | €146,198 | +€24,132 | +19.8% |
| Income taxes | 67/77 | €36,053 | €43,434 | +€7,381 | +20.5% |
| Profit (loss) for the period | 9904 | €86,013 | €102,764 | +€16,751 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,013 | €102,764 | +€16,751 | +19.5% |
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 27 October 2026 via checked.be.