Open Analytics: what changed
Two fiscal 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
Open Analytics
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.3m
2024 · €4.3m+€51,777
Equity
€3.3m
2024 · €1.7m+€1.6m
Cash
€5.8m
2024 · €4.0m+€1.8m
Balance sheet total
€9.4m
2024 · €8.0m+€1.4m
Largest movements
Assets
- Cash +€1.8m
up €1.8m (+44.3%), from €4.0m to €5.8m
mainly Net result for the year (+€4.3m) and Receivables within one year (+€235,334)
- Receivables within one year -€235,334
down €235,334 (-7.8%), from €3.0m to €2.8m
of which Trade receivables: -€272,632
- Tangible fixed assets -€138,453
down €138,453 (-32.2%), from €430,165 to €291,712
of which Furniture and vehicles: -€152,360
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+98.4%), from €1.6m to €3.3m
of which Distributable reserves: +€1.6m
- Other debts -€520,990
down €520,990 (-10.0%), from €5.2m to €4.7m
- Trade debts +€214,390
up €214,390 (+100.2%), from €213,892 to €428,282
- Accrued charges and deferred income +€143,819
up €143,819 (+195.2%), from €73,683 to €217,503
Income statement
- Turnover +€256,574
up €256,574 (+2.4%), from €10.6m to €10.9m
- Write-downs +€250,177
new in 2025: €250,177
- Staff costs -€224,028
down €224,028 (-6.4%), from €3.5m to €3.3m
- Goods and materials +€198,754
up €198,754 (+22.7%), from €876,676 to €1.1m
- Services and other goods +€139,977
up €139,977 (+8.8%), from €1.6m to €1.7m
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
€4.3m
Turnover
+€256,574
Other operating income
+€1,082
Goods and materials
-€198,754
Services and other goods
-€139,977
Staff costs
+€224,028
Depreciation
+€51,474
Write-downs
-€250,177
Other operating charges
+€16,407
Other operating items
-€7,497
Financial income
-€232
Financial charges
-€23,908
Taxes
+€122,757
Result 2025
€4.3m
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
+€4.5m
Investment
-€47,685
Financing
-€2.7m
Cash 2024
€4.0m
From operations (derived)
+€4.5m
Net result for the year
+€4.3m
Depreciation
+€195,040
Receivables after one year
+€20,433
Receivables within one year
+€235,334
Deferred charges and accrued income
+€1,433
Trade debts
+€214,390
Tax, wage and social debts
-€87,164
Other debts
-€520,990
Accrued charges and deferred income
+€143,819
Investment (derived)
-€47,685
Investment in fixed assets (net)
-€46,251
Current investments
-€1,434
Financing
-€2.7m
Contributions, distributions and other
-€2.7m
Cash 2025
€5.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,034,337 | €9,400,012 | +€1.4m | +17.0% |
| Fixed assets | 21/28 | €548,338 | €399,549 | -€148,789 | -27.1% |
| Intangible fixed assets | 21 | €33,768 | €23,433 | -€10,336 | -30.6% |
| Tangible fixed assets | 22/27 | €430,165 | €291,712 | -€138,453 | -32.2% |
| Plant, machinery and equipment | 23 | €40,104 | €40,660 | +€556 | +1.4% |
| Furniture and vehicles | 24 | €336,124 | €183,764 | -€152,360 | -45.3% |
| Other tangible fixed assets | 26 | €53,937 | €67,287 | +€13,350 | +24.8% |
| Financial fixed assets | 28 | €84,404 | €84,404 | = | 0.0% |
| Other financial fixed assets | 284/8 | €84,404 | €84,404 | = | 0.0% |
| Shares | 284 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €84,154 | €84,154 | = | 0.0% |
| Current assets | 29/58 | €7,485,999 | €9,000,463 | +€1.5m | +20.2% |
| Amounts receivable after more than one year | 29 | €234,983 | €214,550 | -€20,433 | -8.7% |
| Other amounts receivable | 291 | €234,983 | €214,550 | -€20,433 | -8.7% |
| Amounts receivable within one year | 40/41 | €3,010,013 | €2,774,679 | -€235,334 | -7.8% |
| Trade receivables | 40 | €2,982,639 | €2,710,007 | -€272,632 | -9.1% |
| Other amounts receivable | 41 | €27,374 | €64,673 | +€37,298 | +136.3% |
| Current investments | 50/53 | €225,110 | €226,544 | +€1,434 | +0.6% |
| Other investments | 51/53 | €225,110 | €226,544 | +€1,434 | +0.6% |
| Cash at bank and in hand | 54/58 | €3,999,485 | €5,769,716 | +€1.8m | +44.3% |
| Deferred charges and accrued income | 490/1 | €16,407 | €14,974 | -€1,433 | -8.7% |
| Total equity and liabilities | 10/49 | €8,034,337 | €9,400,012 | +€1.4m | +17.0% |
| Equity | 10/15 | €1,704,264 | €3,319,884 | +€1.6m | +94.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,642,264 | €3,257,884 | +€1.6m | +98.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,636,064 | €3,251,684 | +€1.6m | +98.8% |
| Amounts payable | 17/49 | €6,330,073 | €6,080,128 | -€249,945 | -3.9% |
| Amounts payable within one year | 42/48 | €6,256,389 | €5,862,625 | -€393,764 | -6.3% |
| Trade debts | 44 | €213,892 | €428,282 | +€214,390 | +100.2% |
| Suppliers | 440/4 | €213,892 | €428,282 | +€214,390 | +100.2% |
| Taxes, remuneration and social security | 45 | €814,454 | €727,290 | -€87,164 | -10.7% |
| Taxes | 450/3 | €129,949 | €4,386 | -€125,563 | -96.6% |
| Remuneration and social security | 454/9 | €684,505 | €722,904 | +€38,399 | +5.6% |
| Other amounts payable | 47/48 | €5,228,043 | €4,707,053 | -€520,990 | -10.0% |
| Accrued charges and deferred income | 492/3 | €73,683 | €217,503 | +€143,819 | +195.2% |
| Operating income | 70/76A | €11,164,378 | €11,414,536 | +€250,159 | +2.2% |
| Turnover | 70 | €10,640,422 | €10,896,997 | +€256,574 | +2.4% |
| Other operating income | 74 | €512,001 | €513,082 | +€1,082 | +0.2% |
| Non-recurring operating income | 76A | €11,955 | €4,458 | -€7,497 | -62.7% |
| Operating charges | 60/66A | €6,227,941 | €6,524,940 | +€296,999 | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €876,676 | €1,075,430 | +€198,754 | +22.7% |
| Purchases | 600/8 | €876,676 | €1,075,430 | +€198,754 | +22.7% |
| Services and other goods | 61 | €1,584,603 | €1,724,580 | +€139,977 | +8.8% |
| Remuneration, social security and pensions | 62 | €3,486,718 | €3,262,691 | -€224,028 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,514 | €195,040 | -€51,474 | -20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €250,177 | +€250,177 | |
| Other operating charges | 640/8 | €33,430 | €17,022 | -€16,407 | -49.1% |
| Operating profit (loss) | 9901 | €4,936,437 | €4,889,596 | -€46,841 | -0.9% |
| Financial income | 75/76B | €7,460 | €7,229 | -€232 | -3.1% |
| Recurring financial income | 75 | €7,460 | €5,795 | -€1,665 | -22.3% |
| Income from financial fixed assets | 750 | €4,085 | €3,502 | -€583 | -14.3% |
| Income from current assets | 751 | €3,066 | €2,285 | -€781 | -25.5% |
| Other financial income | 752/9 | €308 | €7 | -€301 | -97.6% |
| Non-recurring financial income | 76B | - | €1,434 | +€1,434 | |
| Financial charges | 65/66B | €46,379 | €70,287 | +€23,908 | +51.5% |
| Recurring financial charges | 65 | €46,379 | €70,287 | +€23,908 | +51.5% |
| Debt charges | 650 | €58,110 | €69,487 | +€11,377 | +19.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€12,449 | - | +€12,449 | |
| Other financial charges | 652/9 | €718 | €800 | +€83 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €4,897,517 | €4,826,537 | -€70,980 | -1.4% |
| Income taxes | 67/77 | €632,525 | €509,768 | -€122,757 | -19.4% |
| Taxes | 670/3 | €632,525 | €509,768 | -€122,757 | -19.4% |
| Profit (loss) for the period | 9904 | €4,264,993 | €4,316,769 | +€51,777 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,264,993 | €4,316,769 | +€51,777 | +1.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.