P.L.C.: 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
P.L.C.
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,475
2024 · €57,236+€9,239
Equity
€521,525
2024 · €513,303+€8,221
Cash
€901,996
2024 · €913,050-€11,054
Balance sheet total
€1.3m
2024 · €1.3m-€14,195
Largest movements
Assets
- Deferred charges and accrued income +€28,886
up €28,886 (+1,074%), from €2,689 to €31,575
- Tangible fixed assets -€20,607
down €20,607 (-6.2%), from €331,513 to €310,907
of which Land and buildings: -€15,716
Equity and liabilities
- Debts after one year -€12,953
down €12,953 (-23.3%), from €55,494 to €42,542
Income statement
- Gross operating margin +€33,520
up €33,520 (+33.3%), from €100,570 to €134,090
- Financial income -€25,603
down €25,603 (-95.0%), from €26,940 to €1,337
- Depreciation -€5,168
down €5,168 (-20.3%), from €25,439 to €20,271
- Taxes +€3,695
up €3,695 (+10.8%), from €34,356 to €38,051
- Financial charges -€2,807
down €2,807 (-43.1%), from €6,514 to €3,707
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
€57,236
Gross operating margin
+€33,520
Depreciation
+€5,168
Other operating charges
-€2,623
Other operating items
-€335
Financial income
-€25,603
Financial charges
+€2,807
Taxes
-€3,695
Result 2025
€66,475
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€59,248
Investment
+€335
Financing
-€70,637
Cash 2024
€913,050
From operations (derived)
+€59,248
Net result for the year
+€66,475
Depreciation
+€20,271
Receivables within one year
+€11,421
Deferred charges and accrued income
-€28,886
Trade debts
-€1,149
Tax, wage and social debts
-€6,899
Other debts
-€1,909
Accrued charges and deferred income
-€77
Investment (derived)
+€335
Investment in fixed assets (net)
+€335
Financing
-€70,637
Debts after one year
-€12,953
Current portion of long-term debt
+€569
Contributions, distributions and other
-€58,254
Cash 2025
€901,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,617 | €1,257,422 | -€14,195 | -1.1% |
| Fixed assets | 21/28 | €344,458 | €323,852 | -€20,607 | -6.0% |
| Tangible fixed assets | 22/27 | €331,513 | €310,907 | -€20,607 | -6.2% |
| Land and buildings | 22 | €312,188 | €296,472 | -€15,716 | -5.0% |
| Furniture and vehicles | 24 | €626 | €246 | -€380 | -60.7% |
| Other tangible fixed assets | 26 | €18,699 | €14,189 | -€4,511 | -24.1% |
| Financial fixed assets | 28 | €12,945 | €12,945 | = | 0.0% |
| Current assets | 29/58 | €927,159 | €933,570 | +€6,411 | +0.7% |
| Amounts receivable within one year | 40/41 | €11,421 | €0 | -€11,421 | -100% |
| Trade receivables | 40 | €10,738 | €0 | -€10,738 | -100% |
| Other amounts receivable | 41 | €683 | €0 | -€683 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €913,050 | €901,996 | -€11,054 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,689 | €31,575 | +€28,886 | +1,074% |
| Total equity and liabilities | 10/49 | €1,271,617 | €1,257,422 | -€14,195 | -1.1% |
| Equity | 10/15 | €513,303 | €521,525 | +€8,221 | +1.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €73,895 | €73,895 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €451,803 | €460,025 | +€8,221 | +1.8% |
| Non-distributable reserves | 130/1 | €7,389 | €7,389 | = | 0.0% |
| Legal reserve | 130 | €7,389 | €7,389 | = | 0.0% |
| Tax-exempt reserves | 132 | €158 | €158 | = | 0.0% |
| Distributable reserves | 133 | €444,255 | €452,477 | +€8,221 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €758,314 | €735,897 | -€22,417 | -3.0% |
| Amounts payable after more than one year | 17 | €55,494 | €42,542 | -€12,953 | -23.3% |
| Financial debts | 170/4 | €55,494 | €42,542 | -€12,953 | -23.3% |
| Amounts payable within one year | 42/48 | €702,743 | €693,356 | -€9,387 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €12,384 | €12,953 | +€569 | +4.6% |
| Trade debts | 44 | €8,361 | €7,212 | -€1,149 | -13.7% |
| Suppliers | 440/4 | €8,361 | €7,212 | -€1,149 | -13.7% |
| Taxes, remuneration and social security | 45 | €22,152 | €15,254 | -€6,899 | -31.1% |
| Taxes | 450/3 | €22,152 | €15,254 | -€6,899 | -31.1% |
| Other amounts payable | 47/48 | €659,846 | €657,937 | -€1,909 | -0.3% |
| Accrued charges and deferred income | 492/3 | €77 | €0 | -€77 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,439 | €20,271 | -€5,168 | -20.3% |
| Other operating charges | 640/8 | €3,965 | €6,588 | +€2,623 | +66.2% |
| Non-recurring operating charges | 66A | - | €335 | +€335 | |
| Gross operating margin | 9900 | €100,570 | €134,090 | +€33,520 | +33.3% |
| Operating profit (loss) | 9901 | €71,166 | €106,896 | +€35,729 | +50.2% |
| Financial income | 75/76B | €26,940 | €1,337 | -€25,603 | -95.0% |
| Recurring financial income | 75 | €26,940 | €1,337 | -€25,603 | -95.0% |
| Financial charges | 65/66B | €6,514 | €3,707 | -€2,807 | -43.1% |
| Recurring financial charges | 65 | €6,514 | €3,707 | -€2,807 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €91,592 | €104,526 | +€12,934 | +14.1% |
| Income taxes | 67/77 | €34,356 | €38,051 | +€3,695 | +10.8% |
| Profit (loss) for the period | 9904 | €57,236 | €66,475 | +€9,239 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,236 | €66,475 | +€9,239 | +16.1% |
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 15 October 2026 via checked.be.