ORGANISATION - MANAGEMENT- CONSULTANCY and RELATIONS: 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.
ORGANISATION - MANAGEMENT- CONSULTANCY and RELATIONS
Largest movements
- Tangible fixed assets -€42,518
down €42,518 (-5.3%), from €802,743 to €760,225
- Receivables within one year +€18,980
up €18,980 (+62.2%), from €30,519 to €49,498
of which Trade receivables: +€20,639
- Deferred charges and accrued income +€11,595
new in 2025: €11,595
- Cash -€9,121
down €9,121 (-30.4%), from €29,976 to €20,855
mainly Receivables within one year (-€18,980) and Debts after one year (-€17,015)
- Reserves +€23,149
up €23,149 (+11.2%), from €206,858 to €230,008
of which Distributable reserves: +€24,461
- Debts after one year -€17,015
down €17,015 (-10.5%), from €161,325 to €144,310
- Current portion of long-term debt -€15,037
down €15,037 (-46.9%), from €32,052 to €17,015
- Trade debts -€10,248
down €10,248 (-92.3%), from €11,099 to €851
- Gross operating margin +€43,433
up €43,433 (+102%), from €42,672 to €86,105
- Taxes +€5,866
up €5,866 (+50,478%), from €12 to €5,877
- Financial charges -€5,671
down €5,671 (-60.4%), from €9,387 to €3,716
of which Non-recurring financial charges: -€5,000
- Other operating charges -€3,486
down €3,486 (-37.0%), from €9,417 to €5,931
- Depreciation +€2,932
up €2,932 (+6.4%), from €45,569 to €48,500
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 | €865,187 | €844,122 | -€21,065 | -2.4% |
| Fixed assets | 21/28 | €804,693 | €762,175 | -€42,518 | -5.3% |
| Tangible fixed assets | 22/27 | €802,743 | €760,225 | -€42,518 | -5.3% |
| Land and buildings | 22 | €596,698 | €578,317 | -€18,380 | -3.1% |
| Plant, machinery and equipment | 23 | €3,451 | €3,012 | -€439 | -12.7% |
| Furniture and vehicles | 24 | €12,046 | €7,795 | -€4,250 | -35.3% |
| Other tangible fixed assets | 26 | €190,548 | €171,100 | -€19,448 | -10.2% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €60,494 | €81,947 | +€21,453 | +35.5% |
| Amounts receivable within one year | 40/41 | €30,519 | €49,498 | +€18,980 | +62.2% |
| Trade receivables | 40 | €18,161 | €38,800 | +€20,639 | +114% |
| Other amounts receivable | 41 | €12,358 | €10,698 | -€1,659 | -13.4% |
| Cash at bank and in hand | 54/58 | €29,976 | €20,855 | -€9,121 | -30.4% |
| Deferred charges and accrued income | 490/1 | - | €11,595 | +€11,595 | |
| Total equity and liabilities | 10/49 | €865,187 | €844,122 | -€21,065 | -2.4% |
| Equity | 10/15 | €370,386 | €393,535 | +€23,149 | +6.3% |
| Contributions | 10/11 | €107,605 | €107,605 | = | 0.0% |
| Reserves | 13 | €206,858 | €230,008 | +€23,149 | +11.2% |
| Tax-exempt reserves | 132 | €60,793 | €59,481 | -€1,312 | -2.2% |
| Distributable reserves | 133 | €146,066 | €170,526 | +€24,461 | +16.7% |
| Profit (loss) carried forward | 14 | €55,922 | €55,922 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14,014 | €13,577 | -€437 | -3.1% |
| Deferred taxes | 168 | €14,014 | €13,577 | -€437 | -3.1% |
| Amounts payable | 17/49 | €480,787 | €437,010 | -€43,777 | -9.1% |
| Amounts payable after more than one year | 17 | €161,325 | €144,310 | -€17,015 | -10.5% |
| Financial debts | 170/4 | €161,325 | €144,310 | -€17,015 | -10.5% |
| Amounts payable within one year | 42/48 | €315,862 | €290,000 | -€25,862 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €32,052 | €17,015 | -€15,037 | -46.9% |
| Trade debts | 44 | €11,099 | €851 | -€10,248 | -92.3% |
| Suppliers | 440/4 | €11,099 | €851 | -€10,248 | -92.3% |
| Taxes, remuneration and social security | 45 | €7,460 | €12,336 | +€4,877 | +65.4% |
| Taxes | 450/3 | €7,460 | €12,336 | +€4,877 | +65.4% |
| Other amounts payable | 47/48 | €265,251 | €259,797 | -€5,454 | -2.1% |
| Accrued charges and deferred income | 492/3 | €3,600 | €2,700 | -€900 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,569 | €48,500 | +€2,932 | +6.4% |
| Other operating charges | 640/8 | €9,417 | €5,931 | -€3,486 | -37.0% |
| Gross operating margin | 9900 | €42,672 | €86,105 | +€43,433 | +102% |
| Operating profit (loss) | 9901 | -€12,314 | €31,673 | +€43,987 | |
| Financial income | 75/76B | €39 | €632 | +€593 | +1,534% |
| Recurring financial income | 75 | €39 | €632 | +€593 | +1,534% |
| Financial charges | 65/66B | €9,387 | €3,716 | -€5,671 | -60.4% |
| Recurring financial charges | 65 | €4,387 | €3,716 | -€671 | -15.3% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | -€21,662 | €28,589 | +€50,251 | |
| Transfer from deferred taxes | 780 | €437 | €437 | = | 0.0% |
| Income taxes | 67/77 | €12 | €5,877 | +€5,866 | +50,478% |
| Profit (loss) for the period | 9904 | -€21,236 | €23,149 | +€44,386 | |
| Transfer from tax-exempt reserves | 789 | €1,312 | €1,312 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,925 | €24,461 | +€44,386 |
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.