MANAGEMENT SALES DEVELOPMENT 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 SALES DEVELOPMENT CONSULT
Largest movements
- Receivables within one year +€16,210
up €16,210 (+216%), from €7,501 to €23,711
- Tangible fixed assets -€15,831
down €15,831 (-10.3%), from €153,765 to €137,934
of which Land and buildings: -€12,881
- Cash +€13,315
up €13,315 (+12.5%), from €106,747 to €120,062
mainly Net result for the year (+€34,074) and Depreciation (+€20,444)
- Profit (loss) carried forward +€34,074
up €34,074 (+123%), from €27,679 to €61,753
- Debts after one year -€19,367
down €19,367 (-11.2%), from €172,618 to €153,252
- Other debts -€12,049
down €12,049 (-20.2%), from €59,506 to €47,457
- Trade debts +€4,858
up €4,858 (+281%), from €1,726 to €6,583
- Tax, wage and social debts +€3,378
up €3,378 (+41.1%), from €8,217 to €11,595
- Gross operating margin +€29,200
up €29,200 (+58.2%), from €50,206 to €79,406
- Taxes +€10,731
up €10,731 (+165%), from €6,500 to €17,231
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 | €290,981 | €302,799 | +€11,818 | +4.1% |
| Fixed assets | 21/28 | €153,970 | €138,139 | -€15,831 | -10.3% |
| Tangible fixed assets | 22/27 | €153,765 | €137,934 | -€15,831 | -10.3% |
| Land and buildings | 22 | €127,120 | €114,239 | -€12,881 | -10.1% |
| Plant, machinery and equipment | 23 | €1,266 | €5,648 | +€4,382 | +346% |
| Furniture and vehicles | 24 | €25,379 | €18,047 | -€7,332 | -28.9% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €137,011 | €164,660 | +€27,649 | +20.2% |
| Amounts receivable within one year | 40/41 | €7,501 | €23,711 | +€16,210 | +216% |
| Trade receivables | 40 | €7,501 | €23,711 | +€16,210 | +216% |
| Cash at bank and in hand | 54/58 | €106,747 | €120,062 | +€13,315 | +12.5% |
| Deferred charges and accrued income | 490/1 | €22,763 | €20,887 | -€1,876 | -8.2% |
| Total equity and liabilities | 10/49 | €290,981 | €302,799 | +€11,818 | +4.1% |
| Equity | 10/15 | €29,534 | €63,608 | +€34,074 | +115% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,679 | €61,753 | +€34,074 | +123% |
| Amounts payable | 17/49 | €261,448 | €239,191 | -€22,256 | -8.5% |
| Amounts payable after more than one year | 17 | €172,618 | €153,252 | -€19,367 | -11.2% |
| Financial debts | 170/4 | €172,618 | €153,252 | -€19,367 | -11.2% |
| Amounts payable within one year | 42/48 | €88,829 | €85,940 | -€2,890 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €19,367 | €20,304 | +€937 | +4.8% |
| Financial debts | 43 | €14 | - | -€14 | |
| Credit institutions | 430/8 | €14 | - | -€14 | |
| Trade debts | 44 | €1,726 | €6,583 | +€4,858 | +281% |
| Suppliers | 440/4 | €1,726 | €6,583 | +€4,858 | +281% |
| Taxes, remuneration and social security | 45 | €8,217 | €11,595 | +€3,378 | +41.1% |
| Taxes | 450/3 | €8,217 | €11,595 | +€3,378 | +41.1% |
| Other amounts payable | 47/48 | €59,506 | €47,457 | -€12,049 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,745 | €20,444 | -€301 | -1.5% |
| Other operating charges | 640/8 | €3,073 | €2,797 | -€276 | -9.0% |
| Gross operating margin | 9900 | €50,206 | €79,406 | +€29,200 | +58.2% |
| Operating profit (loss) | 9901 | €26,387 | €56,165 | +€29,777 | +113% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,101 | €4,861 | -€240 | -4.7% |
| Recurring financial charges | 65 | €5,101 | €4,861 | -€240 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €21,286 | €51,305 | +€30,018 | +141% |
| Income taxes | 67/77 | €6,500 | €17,231 | +€10,731 | +165% |
| Profit (loss) for the period | 9904 | €14,786 | €34,074 | +€19,288 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €14,786 | €34,074 | +€19,288 | +130% |
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 24 October 2026 via checked.be.