Management and Consulting: what changed
What changed
Management and Consulting
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · -€102,633+€1.3m
Equity
€15.5m
2023 · €14.3m+€1.2m
Cash
€574,739
2023 · €164,648+€410,091
Balance sheet total
€36.3m
2023 · €34.2m+€2.1m
Largest movements
Assets
- Financial fixed assets +€11.7m
up €11.7m (+454%), from €2.6m to €14.3m
of which Affiliated companies: +€11.7m
- Receivables after one year -€10.0m
no longer reported in 2024 (was €10.0m)
- Receivables within one year +€3.6m
up €3.6m (+79.3%), from €4.5m to €8.1m
of which Other amounts receivable: +€3.4m
- Tangible fixed assets -€2.3m
down €2.3m (-19.3%), from €12.0m to €9.7m
of which Land and buildings: -€2.3m
- Stocks and contracts -€1.3m
down €1.3m (-26.1%), from €5.0m to €3.7m
Equity and liabilities
- Short-term financial debts -€3.6m
down €3.6m (-55.9%), from €6.4m to €2.8m
- Trade debts +€2.0m
up €2.0m (+99.7%), from €2.0m to €4.0m
- Debts after one year +€1.9m
up €1.9m (+24.4%), from €7.7m to €9.6m
of which Financial debts: +€1.9m
- Reserves +€1.2m
up €1.2m (+8.7%), from €14.2m to €15.4m
of which Tax-exempt reserves: +€709,311
- Advances received -€665,015
no longer reported in 2024 (was €665,015)
Income statement
- Turnover +€3.0m
up €3.0m (+153%), from €1.9m to €4.9m
- Goods and materials +€1.9m
up €1.9m (+101%), from €1.8m to €3.7m
of which Change in stocks: decrease (increase): +€1.2m
- Taxes +€234,339
up €234,339 (+835%), from €28,078 to €262,417
- Write-downs +€166,841
new in 2024: €166,841
- Financial charges +€163,835
up €163,835 (+28.4%), from €576,760 to €740,595
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€102,633
Turnover
+€3.0m
Other operating income
-€78,774
Goods and materials
-€1.9m
Services and other goods
-€12,162
Staff costs
-€3,099
Depreciation
+€53,437
Write-downs
-€166,841
Other operating charges
+€44,117
Other operating items
+€999,676
Financial income
+€61,690
Financial charges
-€163,835
Taxes
-€234,339
Deferred taxes and other
-€272,622
Result 2024
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11.6m
Investment
-€9.9m
Financing
-€1.3m
Cash 2023
€164,648
From operations (derived)
+€11.6m
Net result for the year
+€1.2m
Depreciation
+€415,535
Receivables after one year
+€10.0m
Stocks and contracts
+€1.3m
Receivables within one year
-€3.6m
Smaller working-capital items
+€203
Provisions
+€233,195
Trade debts
+€2.0m
Tax, wage and social debts
+€642,353
Advances received
-€665,015
Investment (derived)
-€9.9m
Investment in fixed assets (net)
-€9.8m
Current investments
-€12,481
Financing
-€1.3m
Debts after one year
+€1.9m
Current portion of long-term debt
+€351,417
Short-term financial debts
-€3.6m
Cash 2024
€574,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,235,422 | €36,344,159 | +€2.1m | +6.2% |
| Fixed assets | 21/28 | €14,543,514 | €23,971,331 | +€9.4m | +64.8% |
| Tangible fixed assets | 22/27 | €11,959,125 | €9,655,312 | -€2.3m | -19.3% |
| Land and buildings | 22 | €11,929,032 | €9,629,749 | -€2.3m | -19.3% |
| Furniture and vehicles | 24 | €30,093 | €25,563 | -€4,531 | -15.1% |
| Financial fixed assets | 28 | €2,584,389 | €14,316,019 | +€11.7m | +454% |
| Affiliated companies | 280/1 | €2,584,389 | €14,309,389 | +€11.7m | +454% |
| Participating interests | 280 | €2,584,389 | €14,309,389 | +€11.7m | +454% |
| Other financial fixed assets | 284/8 | - | €6,630 | +€6,630 | |
| Amounts receivable and cash guarantees | 285/8 | - | €6,630 | +€6,630 | |
| Current assets | 29/58 | €19,691,908 | €12,372,828 | -€7.3m | -37.2% |
| Amounts receivable after more than one year | 29 | €10,006,089 | - | -€10.0m | |
| Other amounts receivable | 291 | €10,006,089 | - | -€10.0m | |
| Stocks and contracts in progress | 3 | €5,020,992 | €3,709,332 | -€1.3m | -26.1% |
| Stocks | 30/36 | €5,020,992 | €3,709,332 | -€1.3m | -26.1% |
| Property held for sale | 35 | €5,020,992 | €3,709,332 | -€1.3m | -26.1% |
| Amounts receivable within one year | 40/41 | €4,499,562 | €8,065,658 | +€3.6m | +79.3% |
| Trade receivables | 40 | €294,447 | €434,457 | +€140,010 | +47.6% |
| Other amounts receivable | 41 | €4,205,115 | €7,631,201 | +€3.4m | +81.5% |
| Current investments | 50/53 | €618 | €13,099 | +€12,481 | +2,020% |
| Other investments | 51/53 | €618 | €13,099 | +€12,481 | +2,020% |
| Cash at bank and in hand | 54/58 | €164,648 | €574,739 | +€410,091 | +249% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €34,235,422 | €36,344,159 | +€2.1m | +6.2% |
| Equity | 10/15 | €14,267,663 | €15,500,616 | +€1.2m | +8.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,167,663 | €15,400,616 | +€1.2m | +8.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €434,681 | €1,143,992 | +€709,311 | +163% |
| Distributable reserves | 133 | €13,722,982 | €14,246,624 | +€523,642 | +3.8% |
| Provisions and deferred taxes | 16 | €607,456 | €840,651 | +€233,195 | +38.4% |
| Provisions for liabilities and charges | 160/5 | €400,000 | €400,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €400,000 | €400,000 | = | 0.0% |
| Deferred taxes | 168 | €207,456 | €440,651 | +€233,195 | +112% |
| Amounts payable | 17/49 | €19,360,304 | €20,002,892 | +€642,588 | +3.3% |
| Amounts payable after more than one year | 17 | €7,713,393 | €9,595,812 | +€1.9m | +24.4% |
| Financial debts | 170/4 | €7,707,423 | €9,587,833 | +€1.9m | +24.4% |
| Credit institutions | 173 | €6,457,423 | €8,337,833 | +€1.9m | +29.1% |
| Other loans | 174 | €1,250,000 | €1,250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €5,970 | €7,980 | +€2,010 | +33.7% |
| Amounts payable within one year | 42/48 | €11,646,761 | €10,407,080 | -€1.2m | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €1,163,154 | €1,514,571 | +€351,417 | +30.2% |
| Financial debts | 43 | €6,356,813 | €2,800,769 | -€3.6m | -55.9% |
| Other loans | 439 | €6,356,813 | €2,800,769 | -€3.6m | -55.9% |
| Trade debts | 44 | €1,983,054 | €3,960,308 | +€2.0m | +99.7% |
| Suppliers | 440/4 | €1,983,054 | €3,960,308 | +€2.0m | +99.7% |
| Advances received on contracts in progress | 46 | €665,015 | - | -€665,015 | |
| Taxes, remuneration and social security | 45 | €677,086 | €1,319,438 | +€642,353 | +94.9% |
| Taxes | 450/3 | €659,357 | €1,300,937 | +€641,580 | +97.3% |
| Remuneration and social security | 454/9 | €17,729 | €18,502 | +€773 | +4.4% |
| Other amounts payable | 47/48 | €801,640 | €811,993 | +€10,353 | +1.3% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Operating income | 70/76A | €3,388,819 | €7,279,670 | +€3.9m | +115% |
| Turnover | 70 | €1,937,497 | €4,907,446 | +€3.0m | +153% |
| Other operating income | 74 | €1,122,176 | €1,043,403 | -€78,774 | -7.0% |
| Non-recurring operating income | 76A | €329,146 | €1,328,822 | +€999,676 | +304% |
| Operating charges | 60/66A | €3,119,064 | €5,065,222 | +€1.9m | +62.4% |
| Goods for resale, raw materials and consumables | 60 | €1,846,172 | €3,707,781 | +€1.9m | +101% |
| Purchases | 600/8 | €1,857,565 | €2,562,963 | +€705,398 | +38.0% |
| Change in stocks: decrease (increase) | 609 | -€11,393 | €1,144,818 | +€1.2m | |
| Services and other goods | 61 | €543,864 | €556,026 | +€12,162 | +2.2% |
| Remuneration, social security and pensions | 62 | €94,486 | €97,585 | +€3,099 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468,972 | €415,535 | -€53,437 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €166,841 | +€166,841 | |
| Other operating charges | 640/8 | €165,570 | €121,453 | -€44,117 | -26.6% |
| Operating profit (loss) | 9901 | €269,755 | €2,214,448 | +€1.9m | +721% |
| Financial income | 75/76B | €193,023 | €254,713 | +€61,690 | +32.0% |
| Recurring financial income | 75 | €193,023 | €254,713 | +€61,690 | +32.0% |
| Income from current assets | 751 | €192,978 | €254,509 | +€61,531 | +31.9% |
| Other financial income | 752/9 | €45 | €203 | +€159 | +355% |
| Financial charges | 65/66B | €576,760 | €740,595 | +€163,835 | +28.4% |
| Recurring financial charges | 65 | €576,760 | €740,595 | +€163,835 | +28.4% |
| Debt charges | 650 | €529,094 | €677,794 | +€148,701 | +28.1% |
| Other financial charges | 652/9 | €47,667 | €62,801 | +€15,135 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€113,982 | €1,728,566 | +€1.8m | |
| Transfer from deferred taxes | 780 | €39,427 | €11,047 | -€28,380 | -72.0% |
| Transfer to deferred taxes | 680 | - | €244,242 | +€244,242 | |
| Income taxes | 67/77 | €28,078 | €262,417 | +€234,339 | +835% |
| Taxes | 670/3 | €28,078 | €262,417 | +€234,339 | +835% |
| Profit (loss) for the period | 9904 | -€102,633 | €1,232,953 | +€1.3m | |
| Transfer from tax-exempt reserves | 789 | €108,555 | €23,416 | -€85,140 | -78.4% |
| Transfer to tax-exempt reserves | 689 | - | €732,727 | +€732,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,922 | €523,642 | +€517,720 | +8,742% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.