NL 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.
What changed
NL Consult
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€40,431
2024 · €2,443-€42,874
Equity
€619,329
2024 · €659,759-€40,431
Cash
€15,680
2024 · €11,735+€3,945
Balance sheet total
€5.5m
2024 · €5.2m+€290,713
Largest movements
Assets
- Tangible fixed assets +€233,532
up €233,532 (+4.7%), from €5.0m to €5.2m
of which Land and buildings: +€161,248
Equity and liabilities
- Current portion of long-term debt +€1.0m
up €1.0m (+653.3%), from €156,697 to €1.2m
- Debts after one year -€763,549
down €763,549 (-20.9%), from €3.7m to €2.9m
of which Financial debts: -€1.1m
- Other debts +€62,580
up €62,580 (+10.6%), from €591,181 to €653,761
Income statement
- Taxes -€84,345
down €84,345 (-96.8%), from €87,156 to €2,811
- Gross operating margin -€71,831
down €71,831 (-23.2%), from €309,421 to €237,590
- Depreciation +€50,774
up €50,774 (+34.4%), from €147,579 to €198,353
- Financial income -€7,092
down €7,092 (-85.4%), from €8,300 to €1,208
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.
Result 2024
€2,443
Gross operating margin
-€71,831
Depreciation
-€50,774
Other operating charges
+€2,973
Financial income
-€7,092
Financial charges
-€495
Taxes
+€84,345
Result 2025
-€40,431
Cash bridge derived
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.
From operations
+€173,930
Investment
-€430,106
Financing
+€260,121
Cash 2024
€11,735
From operations (derived)
+€173,930
Net result for the year
-€40,431
Depreciation
+€198,353
Receivables within one year
-€53,121
Smaller working-capital items
-€1,376
Trade debts
+€12,474
Tax, wage and social debts
-€4,549
Other debts
+€62,580
Investment (derived)
-€430,106
Investment in fixed assets (net)
-€429,384
Current investments
-€722
Financing
+€260,121
Debts after one year
-€763,549
Current portion of long-term debt
+€1.0m
Cash 2025
€15,680
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,194,945 | €5,485,658 | +€290,713 | +5.6% |
| Fixed assets | 21/28 | €5,009,854 | €5,240,886 | +€231,032 | +4.6% |
| Tangible fixed assets | 22/27 | €5,005,478 | €5,239,010 | +€233,532 | +4.7% |
| Land and buildings | 22 | €4,785,764 | €4,947,012 | +€161,248 | +3.4% |
| Plant, machinery and equipment | 23 | €5,602 | €5,978 | +€376 | +6.7% |
| Furniture and vehicles | 24 | €167,384 | €239,291 | +€71,907 | +43.0% |
| Other tangible fixed assets | 26 | €46,729 | €46,729 | = | 0.0% |
| Financial fixed assets | 28 | €4,376 | €1,876 | -€2,500 | -57.1% |
| Current assets | 29/58 | €185,091 | €244,773 | +€59,681 | +32.2% |
| Amounts receivable within one year | 40/41 | €86,478 | €139,599 | +€53,121 | +61.4% |
| Trade receivables | 40 | €15,342 | €23,481 | +€8,139 | +53.1% |
| Other amounts receivable | 41 | €71,136 | €116,118 | +€44,982 | +63.2% |
| Current investments | 50/53 | €67,873 | €68,595 | +€722 | +1.1% |
| Cash at bank and in hand | 54/58 | €11,735 | €15,680 | +€3,945 | +33.6% |
| Deferred charges and accrued income | 490/1 | €19,005 | €20,899 | +€1,893 | +10.0% |
| Total equity and liabilities | 10/49 | €5,194,945 | €5,485,658 | +€290,713 | +5.6% |
| Equity | 10/15 | €659,759 | €619,329 | -€40,431 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €607,727 | €607,727 | = | 0.0% |
| Distributable reserves | 133 | €607,727 | €607,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,433 | -€6,998 | -€40,431 | |
| Provisions and deferred taxes | 16 | €58,549 | €58,549 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €58,549 | €58,549 | = | 0.0% |
| Pensions and similar obligations | 160 | €58,549 | €58,549 | = | 0.0% |
| Amounts payable | 17/49 | €4,476,637 | €4,807,781 | +€331,143 | +7.4% |
| Amounts payable after more than one year | 17 | €3,652,168 | €2,888,619 | -€763,549 | -20.9% |
| Financial debts | 170/4 | €2,683,957 | €1,597,167 | -€1.1m | -40.5% |
| Other amounts payable | 178/9 | €968,211 | €1,291,453 | +€323,241 | +33.4% |
| Amounts payable within one year | 42/48 | €802,055 | €1,896,230 | +€1.1m | +136.4% |
| Current portion of amounts payable after more than one year | 42 | €156,697 | €1,180,367 | +€1.0m | +653.3% |
| Trade debts | 44 | €19,764 | €32,238 | +€12,474 | +63.1% |
| Suppliers | 440/4 | €19,764 | €32,238 | +€12,474 | +63.1% |
| Taxes, remuneration and social security | 45 | €34,413 | €29,863 | -€4,549 | -13.2% |
| Taxes | 450/3 | €34,413 | €29,863 | -€4,549 | -13.2% |
| Other amounts payable | 47/48 | €591,181 | €653,761 | +€62,580 | +10.6% |
| Accrued charges and deferred income | 492/3 | €22,414 | €22,932 | +€517 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,579 | €198,353 | +€50,774 | +34.4% |
| Other operating charges | 640/8 | €21,682 | €18,708 | -€2,973 | -13.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €309,421 | €237,590 | -€71,831 | -23.2% |
| Operating profit (loss) | 9901 | €140,160 | €20,529 | -€119,632 | -85.4% |
| Financial income | 75/76B | €8,300 | €1,208 | -€7,092 | -85.4% |
| Recurring financial income | 75 | €8,300 | €1,208 | -€7,092 | -85.4% |
| Financial charges | 65/66B | €58,860 | €59,356 | +€495 | +0.8% |
| Recurring financial charges | 65 | €58,860 | €59,356 | +€495 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €89,600 | -€37,619 | -€127,219 | |
| Income taxes | 67/77 | €87,156 | €2,811 | -€84,345 | -96.8% |
| Profit (loss) for the period | 9904 | €2,443 | -€40,431 | -€42,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,443 | -€40,431 | -€42,874 |
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 10 October 2026 via checked.be.