MANAGEMENT & PROPERTY 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.
MANAGEMENT & PROPERTY CONSULT
Largest movements
- Tangible fixed assets -€45,751
down €45,751 (-3.9%), from €1.2m to €1.1m
of which Land and buildings: -€26,438
- Current investments -€42,955
down €42,955 (-5.5%), from €778,313 to €735,358
- Cash -€26,145
down €26,145 (-52.7%), from €49,578 to €23,433
mainly Net result for the year (-€61,420) and Debts after one year (-€30,509)
- Profit (loss) carried forward -€41,568
down €41,568 (-178%), from -€23,314 to -€64,882
- Debts after one year -€30,509
down €30,509 (-10.8%), from €281,967 to €251,458
- Other debts -€20,907
down €20,907 (-2.6%), from €814,903 to €793,997
- Financial charges -€57,704
down €57,704 (-91.7%), from €62,938 to €5,235
- Financial income -€32,435
down €32,435 (-54.3%), from €59,771 to €27,336
of which Financial income: -€38,333
- Gross operating margin -€6,590
down €6,590 (-20.9%), from €31,519 to €24,929
- Taxes +€5,639
new in 2025: €5,639
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 | €2,038,463 | €1,912,185 | -€126,279 | -6.2% |
| Fixed assets | 21/28 | €1,158,342 | €1,112,591 | -€45,751 | -3.9% |
| Tangible fixed assets | 22/27 | €1,158,342 | €1,112,591 | -€45,751 | -3.9% |
| Land and buildings | 22 | €764,583 | €738,146 | -€26,438 | -3.5% |
| Furniture and vehicles | 24 | €8,283 | €7,596 | -€687 | -8.3% |
| Other tangible fixed assets | 26 | €385,476 | €366,849 | -€18,627 | -4.8% |
| Current assets | 29/58 | €880,122 | €799,594 | -€80,528 | -9.1% |
| Amounts receivable within one year | 40/41 | €51,211 | €39,001 | -€12,209 | -23.8% |
| Other amounts receivable | 41 | €51,211 | €39,001 | -€12,209 | -23.8% |
| Current investments | 50/53 | €778,313 | €735,358 | -€42,955 | -5.5% |
| Cash at bank and in hand | 54/58 | €49,578 | €23,433 | -€26,145 | -52.7% |
| Deferred charges and accrued income | 490/1 | €1,020 | €1,801 | +€781 | +76.6% |
| Total equity and liabilities | 10/49 | €2,038,463 | €1,912,185 | -€126,279 | -6.2% |
| Equity | 10/15 | €711,285 | €649,865 | -€61,420 | -8.6% |
| Contributions | 10/11 | €111,499 | €111,499 | = | 0.0% |
| Reserves | 13 | €623,099 | €603,247 | -€19,852 | -3.2% |
| Tax-exempt reserves | 132 | €448,219 | €428,367 | -€19,852 | -4.4% |
| Distributable reserves | 133 | €174,880 | €174,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,314 | -€64,882 | -€41,568 | -178% |
| Provisions and deferred taxes | 16 | €194,583 | €185,981 | -€8,602 | -4.4% |
| Deferred taxes | 168 | €194,583 | €185,981 | -€8,602 | -4.4% |
| Amounts payable | 17/49 | €1,132,595 | €1,076,339 | -€56,257 | -5.0% |
| Amounts payable after more than one year | 17 | €281,967 | €251,458 | -€30,509 | -10.8% |
| Financial debts | 170/4 | €281,967 | €251,458 | -€30,509 | -10.8% |
| Amounts payable within one year | 42/48 | €850,629 | €824,881 | -€25,748 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €34,527 | €30,509 | -€4,018 | -11.6% |
| Trade debts | 44 | €1,198 | €375 | -€823 | -68.7% |
| Suppliers | 440/4 | €1,198 | €375 | -€823 | -68.7% |
| Other amounts payable | 47/48 | €814,903 | €793,997 | -€20,907 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,668 | €45,751 | +€83 | +0.2% |
| Other operating charges | 640/8 | €6,820 | €7,100 | +€280 | +4.1% |
| Non-recurring operating charges | 66A | - | €58,562 | +€58,562 | |
| Gross operating margin | 9900 | €31,519 | €24,929 | -€6,590 | -20.9% |
| Operating profit (loss) | 9901 | -€20,969 | -€86,485 | -€65,515 | -312% |
| Financial income | 75/76B | €59,771 | €27,336 | -€32,435 | -54.3% |
| Recurring financial income | 75 | €59,771 | €21,438 | -€38,333 | -64.1% |
| Non-recurring financial income | 76B | - | €5,898 | +€5,898 | |
| Financial charges | 65/66B | €62,938 | €5,235 | -€57,704 | -91.7% |
| Recurring financial charges | 65 | €62,938 | €5,235 | -€57,704 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,137 | -€64,383 | -€40,246 | -167% |
| Transfer from deferred taxes | 780 | €8,602 | €8,602 | +€0 | 0.0% |
| Income taxes | 67/77 | - | €5,639 | +€5,639 | |
| Profit (loss) for the period | 9904 | -€15,536 | -€61,420 | -€45,885 | -295% |
| Transfer from tax-exempt reserves | 789 | €19,852 | €19,852 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,316 | -€41,568 | -€45,884 |
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.