MANAGEMENT AND PROJECT SERVICES: what changed
What changed
MANAGEMENT AND PROJECT SERVICES
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€3,559
2024 · €2,713+€847
Equity
€19,289
2024 · €15,729+€3,559
Cash
€87,694
2024 · €107,587-€19,893
Balance sheet total
€398,865
2024 · €422,771-€23,905
Largest movements
Assets
- Cash -€19,893
down €19,893 (-18.5%), from €107,587 to €87,694
mainly Debts after one year (-€16,540) and Receivables within one year (-€8,784)
- Receivables within one year +€8,784
up €8,784 (+177%), from €4,964 to €13,748
of which Trade receivables: +€13,748
- Tangible fixed assets -€7,551
down €7,551 (-2.5%), from €297,423 to €289,873
of which Land and buildings: -€6,333
Equity and liabilities
- Profit (loss) carried forward +€31,559
no longer reported in 2025 (was -€31,559)
- Reserves -€28,000
down €28,000 (-68.1%), from €41,089 to €13,089
of which Distributable reserves: -€15,451
- Debts after one year -€16,540
down €16,540 (-6.6%), from €248,792 to €232,252
- Tax, wage and social debts +€8,396
up €8,396 (+36.2%), from €23,212 to €31,608
of which Taxes: +€9,124
- Provisions -€8,000
down €8,000 (-14.4%), from €55,375 to €47,375
Income statement
- Gross operating margin -€16,369
down €16,369 (-17.1%), from €95,696 to €79,328
- Staff costs -€13,150
down €13,150 (-24.5%), from €53,697 to €40,547
- Taxes -€5,137
down €5,137 (-50.6%), from €10,160 to €5,023
- Write-downs +€2,500
new in 2025: €2,500
- Financial charges -€2,038
down €2,038 (-16.1%), from €12,655 to €10,617
Change in the result, 2024 to 2025
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 2024
€2,713
Gross operating margin
-€16,369
Staff costs
+€13,150
Depreciation
+€980
Write-downs
-€2,500
Other operating charges
-€1,459
Financial income
-€130
Financial charges
+€2,038
Taxes
+€5,137
Result 2025
€3,559
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4,659
Investment
+€1,058
Financing
-€16,292
Cash 2024
€107,587
From operations (derived)
-€4,659
Net result for the year
+€3,559
Depreciation
+€7,551
Receivables within one year
-€8,784
Deferred charges and accrued income
+€4,188
Provisions
-€8,000
Trade debts
-€5,455
Tax, wage and social debts
+€8,396
Advances received
-€4,948
Other debts
-€2,926
Accrued charges and deferred income
+€1,760
Investment (derived)
+€1,058
Current investments
+€1,058
Financing
-€16,292
Debts after one year
-€16,540
Current portion of long-term debt
+€249
Cash 2025
€87,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,771 | €398,865 | -€23,905 | -5.7% |
| Fixed assets | 21/28 | €297,423 | €289,873 | -€7,551 | -2.5% |
| Tangible fixed assets | 22/27 | €297,423 | €289,873 | -€7,551 | -2.5% |
| Land and buildings | 22 | €294,747 | €288,414 | -€6,333 | -2.1% |
| Furniture and vehicles | 24 | €2,676 | €1,459 | -€1,217 | -45.5% |
| Current assets | 29/58 | €125,347 | €108,993 | -€16,355 | -13.0% |
| Amounts receivable within one year | 40/41 | €4,964 | €13,748 | +€8,784 | +177% |
| Trade receivables | 40 | - | €13,748 | +€13,748 | |
| Other amounts receivable | 41 | €4,964 | - | -€4,964 | |
| Current investments | 50/53 | €1,058 | - | -€1,058 | |
| Cash at bank and in hand | 54/58 | €107,587 | €87,694 | -€19,893 | -18.5% |
| Deferred charges and accrued income | 490/1 | €11,739 | €7,551 | -€4,188 | -35.7% |
| Total equity and liabilities | 10/49 | €422,771 | €398,865 | -€23,905 | -5.7% |
| Equity | 10/15 | €15,729 | €19,289 | +€3,559 | +22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,089 | €13,089 | -€28,000 | -68.1% |
| Non-distributable reserves | 130/1 | €12,549 | - | -€12,549 | |
| Reserves not available under the articles | 1311 | €12,549 | - | -€12,549 | |
| Distributable reserves | 133 | €28,540 | €13,089 | -€15,451 | -54.1% |
| Profit (loss) carried forward | 14 | -€31,559 | - | +€31,559 | |
| Provisions and deferred taxes | 16 | €55,375 | €47,375 | -€8,000 | -14.4% |
| Provisions for liabilities and charges | 160/5 | €55,375 | €47,375 | -€8,000 | -14.4% |
| Pensions and similar obligations | 160 | €55,375 | €47,375 | -€8,000 | -14.4% |
| Amounts payable | 17/49 | €351,666 | €332,202 | -€19,465 | -5.5% |
| Amounts payable after more than one year | 17 | €248,792 | €232,252 | -€16,540 | -6.6% |
| Financial debts | 170/4 | €248,792 | €232,252 | -€16,540 | -6.6% |
| Amounts payable within one year | 42/48 | €102,874 | €98,190 | -€4,684 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €16,292 | €16,540 | +€249 | +1.5% |
| Trade debts | 44 | €16,636 | €11,182 | -€5,455 | -32.8% |
| Suppliers | 440/4 | €16,636 | €11,182 | -€5,455 | -32.8% |
| Advances received on contracts in progress | 46 | €4,948 | - | -€4,948 | |
| Taxes, remuneration and social security | 45 | €23,212 | €31,608 | +€8,396 | +36.2% |
| Taxes | 450/3 | €17,107 | €26,232 | +€9,124 | +53.3% |
| Remuneration and social security | 454/9 | €6,104 | €5,376 | -€728 | -11.9% |
| Other amounts payable | 47/48 | €41,786 | €38,861 | -€2,926 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €1,760 | +€1,760 | |
| Non-recurring operating income | 76A | €35,483 | €19,525 | -€15,958 | -45.0% |
| Remuneration, social security and pensions | 62 | €53,697 | €40,547 | -€13,150 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,531 | €7,551 | -€980 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €8,457 | €9,917 | +€1,459 | +17.3% |
| Gross operating margin | 9900 | €95,696 | €79,328 | -€16,369 | -17.1% |
| Operating profit (loss) | 9901 | €25,011 | €18,813 | -€6,198 | -24.8% |
| Financial income | 75/76B | €516 | €386 | -€130 | -25.1% |
| Recurring financial income | 75 | €516 | €386 | -€130 | -25.1% |
| Financial charges | 65/66B | €12,655 | €10,617 | -€2,038 | -16.1% |
| Recurring financial charges | 65 | €12,655 | €10,617 | -€2,038 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €12,872 | €8,583 | -€4,290 | -33.3% |
| Income taxes | 67/77 | €10,160 | €5,023 | -€5,137 | -50.6% |
| Profit (loss) for the period | 9904 | €2,713 | €3,559 | +€847 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,713 | €3,559 | +€847 | +31.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.