P - CONSULT: 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.
P - CONSULT
Largest movements
- Receivables within one year -€243,394
down €243,394 (-61.2%), from €398,010 to €154,616
of which Other amounts receivable: -€163,534
- Cash +€97,526
up €97,526 (+158.0%), from €61,739 to €159,265
mainly Receivables within one year (+€243,394) and Other debts (+€193,845)
- Current investments +€28,392
up €28,392 (+2.2%), from €1.3m to €1.3m
- Reserves -€280,213
down €280,213 (-16.2%), from €1.7m to €1.5m
- Other debts +€193,845
up €193,845 (+582.3%), from €33,291 to €227,136
- Tax, wage and social debts -€26,784
down €26,784 (-88.0%), from €30,447 to €3,663
- Gross operating margin -€128,024
down €128,024, from €119,791 to -€8,233
- Taxes -€33,309
down €33,309 (-80.8%), from €41,235 to €7,926
- Financial income +€13,373
up €13,373 (+31.0%), from €43,102 to €56,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,839,451 | €1,711,797 | -€127,654 | -6.9% |
| Fixed assets | 21/28 | €99,005 | €84,403 | -€14,602 | -14.7% |
| Tangible fixed assets | 22/27 | €36,505 | €21,903 | -€14,602 | -40.0% |
| Leasing and similar rights | 25 | €36,505 | €21,903 | -€14,602 | -40.0% |
| Financial fixed assets | 28 | €62,500 | €62,500 | = | 0.0% |
| Current assets | 29/58 | €1,740,446 | €1,627,394 | -€113,052 | -6.5% |
| Amounts receivable within one year | 40/41 | €398,010 | €154,616 | -€243,394 | -61.2% |
| Trade receivables | 40 | €98,010 | €18,150 | -€79,860 | -81.5% |
| Other amounts receivable | 41 | €300,000 | €136,466 | -€163,534 | -54.5% |
| Current investments | 50/53 | €1,268,698 | €1,297,090 | +€28,392 | +2.2% |
| Cash at bank and in hand | 54/58 | €61,739 | €159,265 | +€97,526 | +158.0% |
| Deferred charges and accrued income | 490/1 | €12,000 | €16,423 | +€4,423 | +36.9% |
| Total equity and liabilities | 10/49 | €1,839,451 | €1,711,797 | -€127,654 | -6.9% |
| Equity | 10/15 | €1,751,491 | €1,471,278 | -€280,213 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,732,891 | €1,452,678 | -€280,213 | -16.2% |
| Distributable reserves | 133 | €1,732,891 | €1,452,678 | -€280,213 | -16.2% |
| Amounts payable | 17/49 | €87,960 | €240,519 | +€152,559 | +173.4% |
| Amounts payable after more than one year | 17 | €9,036 | - | -€9,036 | |
| Financial debts | 170/4 | €9,036 | - | -€9,036 | |
| Amounts payable within one year | 42/48 | €78,924 | €240,519 | +€161,595 | +204.7% |
| Current portion of amounts payable after more than one year | 42 | €14,559 | €9,037 | -€5,522 | -37.9% |
| Trade debts | 44 | €627 | €683 | +€56 | +9.0% |
| Suppliers | 440/4 | €627 | €683 | +€56 | +9.0% |
| Taxes, remuneration and social security | 45 | €30,447 | €3,663 | -€26,784 | -88.0% |
| Taxes | 450/3 | €30,447 | €3,663 | -€26,784 | -88.0% |
| Other amounts payable | 47/48 | €33,291 | €227,136 | +€193,845 | +582.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,602 | €14,602 | = | 0.0% |
| Other operating charges | 640/8 | €3,249 | €3,113 | -€136 | -4.2% |
| Gross operating margin | 9900 | €119,791 | -€8,233 | -€128,024 | |
| Operating profit (loss) | 9901 | €101,940 | -€25,948 | -€127,888 | |
| Financial income | 75/76B | €43,102 | €56,475 | +€13,373 | +31.0% |
| Recurring financial income | 75 | €43,102 | €56,475 | +€13,373 | +31.0% |
| Financial charges | 65/66B | €4,144 | €4,288 | +€144 | +3.5% |
| Recurring financial charges | 65 | €4,144 | €4,288 | +€144 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €140,897 | €26,239 | -€114,658 | -81.4% |
| Income taxes | 67/77 | €41,235 | €7,926 | -€33,309 | -80.8% |
| Profit (loss) for the period | 9904 | €99,662 | €18,313 | -€81,349 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,662 | €18,313 | -€81,349 | -81.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.