Mark Beyst - Consultancy: 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.
Mark Beyst - Consultancy
Largest movements
- Receivables within one year +€82,999
up €82,999 (+547%), from €15,179 to €98,178
of which Trade receivables: +€83,151
- Current investments +€67,213
up €67,213 (+15.5%), from €432,953 to €500,166
- Tangible fixed assets -€61,238
down €61,238 (-24.9%), from €245,480 to €184,242
of which Furniture and vehicles: -€60,081
- Reserves +€158,586
up €158,586 (+11.6%), from €1.4m to €1.5m
- Debts after one year -€103,335
down €103,335 (-22.7%), from €454,510 to €351,175
- Accrued charges and deferred income +€35,654
up €35,654 (+1,182%), from €3,016 to €38,670
- Gross operating margin +€141,740
up €141,740 (+46.9%), from €302,311 to €444,051
- Taxes +€25,420
up €25,420 (+26.7%), from €95,119 to €120,539
- Depreciation +€20,690
up €20,690 (+51.0%), from €40,548 to €61,238
- Financial charges +€6,388
up €6,388 (+194%), from €3,288 to €9,677
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 | €2,011,739 | €2,099,850 | +€88,111 | +4.4% |
| Fixed assets | 21/28 | €1,525,480 | €1,464,242 | -€61,238 | -4.0% |
| Tangible fixed assets | 22/27 | €245,480 | €184,242 | -€61,238 | -24.9% |
| Plant, machinery and equipment | 23 | €2,736 | €1,579 | -€1,156 | -42.3% |
| Furniture and vehicles | 24 | €242,744 | €182,663 | -€60,081 | -24.8% |
| Financial fixed assets | 28 | €1,280,000 | €1,280,000 | = | 0.0% |
| Current assets | 29/58 | €486,259 | €635,608 | +€149,349 | +30.7% |
| Amounts receivable within one year | 40/41 | €15,179 | €98,178 | +€82,999 | +547% |
| Trade receivables | 40 | - | €83,151 | +€83,151 | |
| Other amounts receivable | 41 | €15,179 | €15,027 | -€152 | -1.0% |
| Current investments | 50/53 | €432,953 | €500,166 | +€67,213 | +15.5% |
| Cash at bank and in hand | 54/58 | €38,127 | €37,263 | -€863 | -2.3% |
| Total equity and liabilities | 10/49 | €2,011,739 | €2,099,850 | +€88,111 | +4.4% |
| Equity | 10/15 | €1,368,079 | €1,526,666 | +€158,586 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,361,879 | €1,520,466 | +€158,586 | +11.6% |
| Distributable reserves | 133 | €1,361,879 | €1,520,466 | +€158,586 | +11.6% |
| Amounts payable | 17/49 | €643,659 | €573,184 | -€70,475 | -10.9% |
| Amounts payable after more than one year | 17 | €454,510 | €351,175 | -€103,335 | -22.7% |
| Financial debts | 170/4 | €454,510 | €351,175 | -€103,335 | -22.7% |
| Amounts payable within one year | 42/48 | €186,133 | €183,339 | -€2,794 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €102,418 | €103,335 | +€917 | +0.9% |
| Trade debts | 44 | €5,267 | €4,718 | -€549 | -10.4% |
| Suppliers | 440/4 | €5,267 | €4,718 | -€549 | -10.4% |
| Taxes, remuneration and social security | 45 | €2,656 | €4,465 | +€1,809 | +68.1% |
| Taxes | 450/3 | €2,656 | €4,465 | +€1,809 | +68.1% |
| Other amounts payable | 47/48 | €75,791 | €70,821 | -€4,970 | -6.6% |
| Accrued charges and deferred income | 492/3 | €3,016 | €38,670 | +€35,654 | +1,182% |
| Non-recurring operating income | 76A | €23,750 | €76,923 | +€53,173 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,548 | €61,238 | +€20,690 | +51.0% |
| Other operating charges | 640/8 | €5,070 | €2,592 | -€2,478 | -48.9% |
| Gross operating margin | 9900 | €302,311 | €444,051 | +€141,740 | +46.9% |
| Operating profit (loss) | 9901 | €256,693 | €380,221 | +€123,528 | +48.1% |
| Financial income | 75/76B | €60,996 | €63,581 | +€2,585 | +4.2% |
| Recurring financial income | 75 | €60,996 | €63,581 | +€2,585 | +4.2% |
| Financial charges | 65/66B | €3,288 | €9,677 | +€6,388 | +194% |
| Recurring financial charges | 65 | €3,288 | €9,677 | +€6,388 | +194% |
| Profit (loss) for the period before taxes | 9903 | €314,401 | €434,125 | +€119,724 | +38.1% |
| Income taxes | 67/77 | €95,119 | €120,539 | +€25,420 | +26.7% |
| Profit (loss) for the period | 9904 | €219,282 | €313,586 | +€94,304 | +43.0% |
| Transfer from tax-exempt reserves | 789 | €89,000 | - | -€89,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €308,282 | €313,586 | +€5,304 | +1.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.