NLR 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.
NLR Consult
Largest movements
- Cash +€39,589
up €39,589 (+11.0%), from €361,199 to €400,788
mainly Net result for the year (+€33,362) and Depreciation (+€9,532)
- Receivables within one year -€9,473
down €9,473 (-14.1%), from €67,190 to €57,718
of which Trade receivables: -€7,359
- Reserves +€20,361
up €20,361 (+5.1%), from €398,799 to €419,160
of which Distributable reserves: +€20,361
- Tax, wage and social debts +€5,997
up €5,997 (+20.1%), from €29,795 to €35,792
- Gross operating margin +€6,705
up €6,705 (+12.9%), from €52,047 to €58,752
- Taxes +€1,569
up €1,569 (+12.7%), from €12,379 to €13,948
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 | €469,420 | €497,595 | +€28,175 | +6.0% |
| Fixed assets | 21/28 | €34,838 | €32,838 | -€1,999 | -5.7% |
| Tangible fixed assets | 22/27 | €33,652 | €31,643 | -€2,010 | -6.0% |
| Plant, machinery and equipment | 23 | €11 | €6,935 | +€6,924 | +61,547% |
| Furniture and vehicles | 24 | €33,641 | €24,707 | -€8,934 | -26.6% |
| Financial fixed assets | 28 | €1,185 | €1,196 | +€11 | +0.9% |
| Current assets | 29/58 | €434,582 | €464,756 | +€30,174 | +6.9% |
| Amounts receivable within one year | 40/41 | €67,190 | €57,718 | -€9,473 | -14.1% |
| Trade receivables | 40 | €48,115 | €40,756 | -€7,359 | -15.3% |
| Other amounts receivable | 41 | €19,076 | €16,962 | -€2,114 | -11.1% |
| Cash at bank and in hand | 54/58 | €361,199 | €400,788 | +€39,589 | +11.0% |
| Deferred charges and accrued income | 490/1 | €6,192 | €6,250 | +€58 | +0.9% |
| Total equity and liabilities | 10/49 | €469,420 | €497,595 | +€28,175 | +6.0% |
| Equity | 10/15 | €421,060 | €441,422 | +€20,362 | +4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €398,799 | €419,160 | +€20,361 | +5.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €396,944 | €417,305 | +€20,361 | +5.1% |
| Profit (loss) carried forward | 14 | €3,711 | €3,712 | +€1 | 0.0% |
| Amounts payable | 17/49 | €48,360 | €56,173 | +€7,813 | +16.2% |
| Amounts payable within one year | 42/48 | €48,360 | €56,173 | +€7,813 | +16.2% |
| Trade debts | 44 | €2,913 | €948 | -€1,965 | -67.5% |
| Suppliers | 440/4 | €2,913 | €948 | -€1,965 | -67.5% |
| Taxes, remuneration and social security | 45 | €29,795 | €35,792 | +€5,997 | +20.1% |
| Taxes | 450/3 | €29,795 | €35,792 | +€5,997 | +20.1% |
| Other amounts payable | 47/48 | €15,651 | €19,432 | +€3,781 | +24.2% |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,968 | €9,532 | +€564 | +6.3% |
| Other operating charges | 640/8 | €1,792 | €2,357 | +€565 | +31.5% |
| Non-recurring operating charges | 66A | €98 | - | -€98 | |
| Gross operating margin | 9900 | €52,047 | €58,752 | +€6,705 | +12.9% |
| Operating profit (loss) | 9901 | €41,190 | €46,864 | +€5,674 | +13.8% |
| Financial income | 75/76B | €2,490 | €2,053 | -€438 | -17.6% |
| Recurring financial income | 75 | €2,490 | €2,053 | -€438 | -17.6% |
| Financial charges | 65/66B | €1,818 | €1,607 | -€211 | -11.6% |
| Recurring financial charges | 65 | €1,818 | €1,607 | -€211 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €41,863 | €47,310 | +€5,447 | +13.0% |
| Income taxes | 67/77 | €12,379 | €13,948 | +€1,569 | +12.7% |
| Profit (loss) for the period | 9904 | €29,483 | €33,362 | +€3,878 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,483 | €33,362 | +€3,878 | +13.2% |
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 14 October 2026 via checked.be.