MANAGEMENT & LOGISTICS CONSULTING: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MANAGEMENT & LOGISTICS CONSULTING
Largest movements
- Cash +€55,288
up €55,288 (+232%), from €23,861 to €79,149
mainly Net result for the year (+€25,985) and Receivables within one year (+€19,459)
- Receivables within one year -€19,459
down €19,459 (-26.6%), from €73,073 to €53,614
of which Trade receivables: -€39,202
- Receivables after one year -€6,565
down €6,565 (-31.1%), from €21,113 to €14,548
- Reserves +€25,985
up €25,985 (+22.2%), from €117,181 to €143,167
of which Distributable reserves: +€25,985
- Tax, wage and social debts +€1,834
up €1,834 (+18.3%), from €10,015 to €11,849
- Gross operating margin -€28,789
down €28,789 (-40.3%), from €71,450 to €42,661
- Taxes -€8,181
down €8,181 (-40.9%), from €20,015 to €11,834
- Depreciation -€1,794
down €1,794 (-29.5%), from €6,071 to €4,277
- Financial income -€919
down €919 (-34.1%), from €2,696 to €1,777
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,334 | €168,470 | +€27,136 | +19.2% |
| Fixed assets | 21/28 | €18,614 | €17,242 | -€1,373 | -7.4% |
| Tangible fixed assets | 22/27 | €18,614 | €17,242 | -€1,373 | -7.4% |
| Land and buildings | 22 | €17,924 | €14,338 | -€3,586 | -20.0% |
| Furniture and vehicles | 24 | €691 | - | -€691 | |
| Other tangible fixed assets | 26 | - | €2,904 | +€2,904 | |
| Current assets | 29/58 | €122,719 | €151,228 | +€28,509 | +23.2% |
| Amounts receivable after more than one year | 29 | €21,113 | €14,548 | -€6,565 | -31.1% |
| Other amounts receivable | 291 | €21,113 | €14,548 | -€6,565 | -31.1% |
| Amounts receivable within one year | 40/41 | €73,073 | €53,614 | -€19,459 | -26.6% |
| Trade receivables | 40 | €62,500 | €23,298 | -€39,202 | -62.7% |
| Other amounts receivable | 41 | €10,573 | €30,316 | +€19,743 | +187% |
| Cash at bank and in hand | 54/58 | €23,861 | €79,149 | +€55,288 | +232% |
| Deferred charges and accrued income | 490/1 | €4,673 | €3,916 | -€756 | -16.2% |
| Total equity and liabilities | 10/49 | €141,334 | €168,470 | +€27,136 | +19.2% |
| Equity | 10/15 | €129,581 | €155,567 | +€25,985 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,181 | €143,167 | +€25,985 | +22.2% |
| Tax-exempt reserves | 132 | €12,750 | €12,750 | = | 0.0% |
| Distributable reserves | 133 | €104,431 | €130,417 | +€25,985 | +24.9% |
| Amounts payable | 17/49 | €11,752 | €12,903 | +€1,151 | +9.8% |
| Amounts payable within one year | 42/48 | €11,752 | €12,903 | +€1,151 | +9.8% |
| Trade debts | 44 | €1,737 | €1,053 | -€684 | -39.4% |
| Suppliers | 440/4 | €1,737 | €1,053 | -€684 | -39.4% |
| Taxes, remuneration and social security | 45 | €10,015 | €11,849 | +€1,834 | +18.3% |
| Taxes | 450/3 | €10,015 | €11,849 | +€1,834 | +18.3% |
| Remuneration, social security and pensions | 62 | - | €630 | +€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,071 | €4,277 | -€1,794 | -29.5% |
| Other operating charges | 640/8 | €720 | €1,266 | +€546 | +75.9% |
| Gross operating margin | 9900 | €71,450 | €42,661 | -€28,789 | -40.3% |
| Operating profit (loss) | 9901 | €64,660 | €36,489 | -€28,171 | -43.6% |
| Financial income | 75/76B | €2,696 | €1,777 | -€919 | -34.1% |
| Recurring financial income | 75 | €2,696 | €1,777 | -€919 | -34.1% |
| Financial charges | 65/66B | €516 | €446 | -€69 | -13.4% |
| Recurring financial charges | 65 | €516 | €446 | -€69 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €66,841 | €37,820 | -€29,021 | -43.4% |
| Income taxes | 67/77 | €20,015 | €11,834 | -€8,181 | -40.9% |
| Profit (loss) for the period | 9904 | €46,825 | €25,985 | -€20,840 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,825 | €25,985 | -€20,840 | -44.5% |
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 1 November 2026 via checked.be.