Niels Tuts 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.
Niels Tuts Consultancy
Largest movements
- Cash -€31,053
down €31,053 (-37.8%), from €82,217 to €51,163
mainly Contributions, distributions and other (-€65,686) and Tax, wage and social debts (-€35,885)
- Receivables within one year +€3,992
up €3,992 (+23.2%), from €17,219 to €21,211
of which Trade receivables: +€9,105
- Tax, wage and social debts -€35,885
down €35,885 (-77.1%), from €46,551 to €10,666
- Other debts +€5,333
up €5,333 (+10.5%), from €50,986 to €56,320
- Trade debts +€2,031
up €2,031 (+301%), from €674 to €2,705
- Reserves +€1,301
up €1,301 (+72.9%), from €1,784 to €3,085
- Gross operating margin +€8,163
up €8,163 (+10.5%), from €77,801 to €85,964
- Taxes +€1,963
up €1,963 (+12.6%), from €15,545 to €17,508
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 | €100,996 | €73,777 | -€27,220 | -27.0% |
| Current assets | 29/58 | €100,996 | €73,777 | -€27,220 | -27.0% |
| Amounts receivable within one year | 40/41 | €17,219 | €21,211 | +€3,992 | +23.2% |
| Trade receivables | 40 | €11,555 | €20,660 | +€9,105 | +78.8% |
| Other amounts receivable | 41 | €5,664 | €551 | -€5,113 | -90.3% |
| Cash at bank and in hand | 54/58 | €82,217 | €51,163 | -€31,053 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,402 | -€158 | -10.1% |
| Total equity and liabilities | 10/49 | €100,996 | €73,777 | -€27,220 | -27.0% |
| Equity | 10/15 | €2,784 | €4,085 | +€1,301 | +46.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,784 | €3,085 | +€1,301 | +72.9% |
| Distributable reserves | 133 | €1,784 | €3,085 | +€1,301 | +72.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €98,212 | €69,691 | -€28,521 | -29.0% |
| Amounts payable within one year | 42/48 | €98,212 | €69,691 | -€28,521 | -29.0% |
| Trade debts | 44 | €674 | €2,705 | +€2,031 | +301% |
| Suppliers | 440/4 | €674 | €2,705 | +€2,031 | +301% |
| Taxes, remuneration and social security | 45 | €46,551 | €10,666 | -€35,885 | -77.1% |
| Taxes | 450/3 | €46,551 | €10,666 | -€35,885 | -77.1% |
| Other amounts payable | 47/48 | €50,986 | €56,320 | +€5,333 | +10.5% |
| Other operating charges | 640/8 | €126 | €527 | +€402 | +319% |
| Gross operating margin | 9900 | €77,801 | €85,964 | +€8,163 | +10.5% |
| Operating profit (loss) | 9901 | €77,675 | €85,437 | +€7,762 | +10.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €362 | €942 | +€580 | +160% |
| Recurring financial charges | 65 | €362 | €942 | +€580 | +160% |
| Profit (loss) for the period before taxes | 9903 | €77,313 | €84,495 | +€7,182 | +9.3% |
| Income taxes | 67/77 | €15,545 | €17,508 | +€1,963 | +12.6% |
| Profit (loss) for the period | 9904 | €61,769 | €66,987 | +€5,218 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,769 | €66,987 | +€5,218 | +8.4% |
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 25 October 2026 via checked.be.