managing Administration & Consultancy Services: 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.
managing Administration & Consultancy Services
Largest movements
- Tangible fixed assets +€525,330
up €525,330 (+23.6%), from €2.2m to €2.8m
of which Other tangible fixed assets: +€593,153
- Receivables within one year -€391,225
down €391,225 (-49.1%), from €796,393 to €405,168
of which Other amounts receivable: -€402,206
- Current investments -€240,183
down €240,183 (-8.8%), from €2.7m to €2.5m
- Financial fixed assets +€200,000
up €200,000 (+64.2%), from €311,620 to €511,620
- Cash +€189,705
up €189,705 (+20.5%), from €926,565 to €1.1m
mainly Debts after one year (+€672,482) and Receivables within one year (+€391,225)
- Debts after one year +€672,482
up €672,482 (+31.7%), from €2.1m to €2.8m
- Other debts -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tax, wage and social debts -€205,491
down €205,491 (-76.9%), from €267,246 to €61,755
- Reserves +€177,459
up €177,459 (+4.4%), from €4.0m to €4.2m
of which Distributable reserves: +€177,459
- Current portion of long-term debt -€98,796
down €98,796 (-38.6%), from €255,835 to €157,039
- Gross operating margin -€185,366
down €185,366 (-27.9%), from €664,993 to €479,626
- Taxes -€81,825
down €81,825 (-47.3%), from €173,041 to €91,216
- Financial charges +€72,861
up €72,861 (+133%), from €54,726 to €127,587
- Depreciation +€29,257
up €29,257 (+22.9%), from €127,978 to €157,234
- Financial income +€7,896
up €7,896 (+10.7%), from €74,061 to €81,957
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 | €6,986,183 | €7,276,195 | +€290,012 | +4.2% |
| Fixed assets | 21/28 | €2,541,463 | €3,266,792 | +€725,330 | +28.5% |
| Tangible fixed assets | 22/27 | €2,229,843 | €2,755,172 | +€525,330 | +23.6% |
| Land and buildings | 22 | €2,030,672 | €1,941,715 | -€88,957 | -4.4% |
| Furniture and vehicles | 24 | €149,171 | €170,304 | +€21,133 | +14.2% |
| Other tangible fixed assets | 26 | €50,000 | €643,153 | +€593,153 | +1,186% |
| Financial fixed assets | 28 | €311,620 | €511,620 | +€200,000 | +64.2% |
| Current assets | 29/58 | €4,444,720 | €4,009,403 | -€435,317 | -9.8% |
| Amounts receivable within one year | 40/41 | €796,393 | €405,168 | -€391,225 | -49.1% |
| Trade receivables | 40 | €295,214 | €306,194 | +€10,981 | +3.7% |
| Other amounts receivable | 41 | €501,179 | €98,974 | -€402,206 | -80.3% |
| Current investments | 50/53 | €2,717,625 | €2,477,442 | -€240,183 | -8.8% |
| Cash at bank and in hand | 54/58 | €926,565 | €1,116,269 | +€189,705 | +20.5% |
| Deferred charges and accrued income | 490/1 | €4,138 | €10,524 | +€6,386 | +154% |
| Total equity and liabilities | 10/49 | €6,986,183 | €7,276,195 | +€290,012 | +4.2% |
| Equity | 10/15 | €4,077,530 | €4,254,989 | +€177,459 | +4.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,016,030 | €4,193,489 | +€177,459 | +4.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €4,009,880 | €4,187,339 | +€177,459 | +4.4% |
| Amounts payable | 17/49 | €2,908,653 | €3,021,206 | +€112,553 | +3.9% |
| Amounts payable after more than one year | 17 | €2,121,253 | €2,793,735 | +€672,482 | +31.7% |
| Financial debts | 170/4 | €2,121,253 | €2,793,735 | +€672,482 | +31.7% |
| Amounts payable within one year | 42/48 | €787,400 | €227,471 | -€559,929 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €255,835 | €157,039 | -€98,796 | -38.6% |
| Trade debts | 44 | €14,320 | €8,676 | -€5,643 | -39.4% |
| Suppliers | 440/4 | €14,320 | €8,676 | -€5,643 | -39.4% |
| Taxes, remuneration and social security | 45 | €267,246 | €61,755 | -€205,491 | -76.9% |
| Taxes | 450/3 | €267,246 | €61,755 | -€205,491 | -76.9% |
| Other amounts payable | 47/48 | €250,000 | €0 | -€250,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,978 | €157,234 | +€29,257 | +22.9% |
| Other operating charges | 640/8 | €7,164 | €8,087 | +€923 | +12.9% |
| Gross operating margin | 9900 | €664,993 | €479,626 | -€185,366 | -27.9% |
| Operating profit (loss) | 9901 | €529,850 | €314,305 | -€215,546 | -40.7% |
| Financial income | 75/76B | €74,061 | €81,957 | +€7,896 | +10.7% |
| Recurring financial income | 75 | €74,061 | €81,957 | +€7,896 | +10.7% |
| Financial charges | 65/66B | €54,726 | €127,587 | +€72,861 | +133% |
| Recurring financial charges | 65 | €54,726 | €127,587 | +€72,861 | +133% |
| Profit (loss) for the period before taxes | 9903 | €549,186 | €268,675 | -€280,511 | -51.1% |
| Income taxes | 67/77 | €173,041 | €91,216 | -€81,825 | -47.3% |
| Profit (loss) for the period | 9904 | €376,145 | €177,459 | -€198,686 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €376,145 | €177,459 | -€198,686 | -52.8% |
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 18 October 2026 via checked.be.