N3M35!5: what changed
What changed
N3M35!5
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€146,765
2024 · €131,165+€15,600
Equity
€7.3m
2024 · €7.2m+€146,765
Cash
€490,765
2024 · €71,898+€418,867
Balance sheet total
€9.4m
2024 · €8.5m+€953,228
Largest movements
Assets
- Cash +€418,867
up €418,867 (+583%), from €71,898 to €490,765
mainly Debts after one year (+€834,422) and Net result for the year (+€146,765)
- Receivables after one year +€333,761
up €333,761 (+4.4%), from €7.6m to €7.9m
- Tangible fixed assets +€132,659
up €132,659 (+21.1%), from €628,593 to €761,251
of which Other tangible fixed assets: +€68,209
- Receivables within one year +€97,209
up €97,209 (+84.5%), from €115,026 to €212,235
of which Other amounts receivable: +€83,767
Equity and liabilities
- Debts after one year +€834,422
up €834,422 (+70.0%), from €1.2m to €2.0m
- Reserves +€146,000
up €146,000 (+2.1%), from €7.1m to €7.2m
of which Distributable reserves: +€146,000
Income statement
- Gross operating margin +€16,070
up €16,070 (+23.3%), from €69,063 to €85,132
- Financial income +€7,682
up €7,682 (+5.6%), from €137,863 to €145,545
- Taxes +€4,802
up €4,802 (+11.0%), from €43,815 to €48,617
- Financial charges +€4,774
up €4,774 (+28.9%), from €16,493 to €21,267
- Depreciation -€1,214
down €1,214 (-9.1%), from €13,393 to €12,179
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.
Result 2024
€131,165
Gross operating margin
+€16,070
Depreciation
+€1,214
Other operating charges
+€212
Financial income
+€7,682
Financial charges
-€4,774
Taxes
-€4,802
Result 2025
€146,765
raises the resultlowers the result
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.
From operations
-€293,397
Investment
-€115,351
Financing
+€827,615
Cash 2024
€71,898
From operations (derived)
-€293,397
Net result for the year
+€146,765
Depreciation
+€12,179
Receivables after one year
-€333,761
Receivables within one year
-€97,209
Smaller working-capital items
-€1,039
Trade debts
-€4,631
Tax, wage and social debts
-€4,080
Other debts
-€11,622
Investment (derived)
-€115,351
Investment in fixed assets (net)
-€115,351
Financing
+€827,615
Debts after one year
+€834,422
Current portion of long-term debt
-€6,808
Cash 2025
€490,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,466,258 | €9,419,486 | +€953,228 | +11.3% |
| Fixed assets | 21/28 | €663,750 | €766,922 | +€103,172 | +15.5% |
| Tangible fixed assets | 22/27 | €628,593 | €761,251 | +€132,659 | +21.1% |
| Land and buildings | 22 | €118,235 | €173,922 | +€55,686 | +47.1% |
| Furniture and vehicles | 24 | €23,414 | €32,177 | +€8,763 | +37.4% |
| Other tangible fixed assets | 26 | €486,943 | €555,152 | +€68,209 | +14.0% |
| Financial fixed assets | 28 | €35,157 | €5,670 | -€29,487 | -83.9% |
| Current assets | 29/58 | €7,802,508 | €8,652,565 | +€850,057 | +10.9% |
| Amounts receivable after more than one year | 29 | €7,613,569 | €7,947,330 | +€333,761 | +4.4% |
| Other amounts receivable | 291 | €7,613,569 | €7,947,330 | +€333,761 | +4.4% |
| Amounts receivable within one year | 40/41 | €115,026 | €212,235 | +€97,209 | +84.5% |
| Trade receivables | 40 | €1,198 | €14,641 | +€13,442 | +1,122% |
| Other amounts receivable | 41 | €113,828 | €197,594 | +€83,767 | +73.6% |
| Cash at bank and in hand | 54/58 | €71,898 | €490,765 | +€418,867 | +583% |
| Deferred charges and accrued income | 490/1 | €2,015 | €2,235 | +€220 | +10.9% |
| Total equity and liabilities | 10/49 | €8,466,258 | €9,419,486 | +€953,228 | +11.3% |
| Equity | 10/15 | €7,190,631 | €7,337,396 | +€146,765 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,061,000 | €7,207,000 | +€146,000 | +2.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €7,051,000 | €7,197,000 | +€146,000 | +2.1% |
| Profit (loss) carried forward | 14 | €29,631 | €30,396 | +€765 | +2.6% |
| Amounts payable | 17/49 | €1,275,627 | €2,082,090 | +€806,463 | +63.2% |
| Amounts payable after more than one year | 17 | €1,191,857 | €2,026,279 | +€834,422 | +70.0% |
| Financial debts | 170/4 | €1,191,857 | €2,026,279 | +€834,422 | +70.0% |
| Amounts payable within one year | 42/48 | €80,522 | €53,382 | -€27,140 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €58,430 | €51,622 | -€6,808 | -11.7% |
| Trade debts | 44 | €6,391 | €1,760 | -€4,631 | -72.5% |
| Suppliers | 440/4 | €6,391 | €1,760 | -€4,631 | -72.5% |
| Taxes, remuneration and social security | 45 | €4,080 | €0 | -€4,080 | -100% |
| Taxes | 450/3 | €4,080 | €0 | -€4,080 | -100% |
| Other amounts payable | 47/48 | €11,622 | €0 | -€11,622 | -100% |
| Accrued charges and deferred income | 492/3 | €3,248 | €2,429 | -€819 | -25.2% |
| Non-recurring operating income | 76A | €68,209 | €68,209 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,393 | €12,179 | -€1,214 | -9.1% |
| Other operating charges | 640/8 | €2,060 | €1,848 | -€212 | -10.3% |
| Gross operating margin | 9900 | €69,063 | €85,132 | +€16,070 | +23.3% |
| Operating profit (loss) | 9901 | €53,609 | €71,104 | +€17,495 | +32.6% |
| Financial income | 75/76B | €137,863 | €145,545 | +€7,682 | +5.6% |
| Recurring financial income | 75 | €137,863 | €145,545 | +€7,682 | +5.6% |
| Financial charges | 65/66B | €16,493 | €21,267 | +€4,774 | +28.9% |
| Recurring financial charges | 65 | €16,493 | €21,267 | +€4,774 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €174,980 | €195,382 | +€20,403 | +11.7% |
| Income taxes | 67/77 | €43,815 | €48,617 | +€4,802 | +11.0% |
| Profit (loss) for the period | 9904 | €131,165 | €146,765 | +€15,600 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €131,165 | €146,765 | +€15,600 | +11.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.