POLITICAL INTELLIGENCE: what changed
What changed
POLITICAL INTELLIGENCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€698,589
2024 · €502,646+€195,943
Equity
€385,014
2024 · €386,091-€1,077
Cash
€36,915
2024 · €495,819-€458,904
Balance sheet total
€2.5m
2024 · €2.3m+€243,422
Largest movements
Assets
- Receivables within one year +€736,128
up €736,128 (+85.8%), from €857,698 to €1.6m
of which Trade receivables: +€732,945
- Cash -€458,904
down €458,904 (-92.6%), from €495,819 to €36,915
mainly Receivables within one year (-€736,128) and Contributions, distributions and other (-€699,667)
- Tangible fixed assets -€39,740
down €39,740 (-5.8%), from €680,023 to €640,284
of which Furniture and vehicles: -€20,687
Equity and liabilities
- Other debts +€246,198
up €246,198 (+49.0%), from €502,610 to €748,808
- Tax, wage and social debts +€88,076
up €88,076 (+38.0%), from €231,904 to €319,981
of which Taxes: +€50,208
- Debts after one year -€57,646
down €57,646 (-39.5%), from €145,932 to €88,286
- Trade debts -€41,598
down €41,598 (-4.6%), from €913,542 to €871,944
Income statement
- Staff costs -€170,519
down €170,519 (-7.2%), from €2.4m to €2.2m
- Other operating charges +€84,887
up €84,887 (+447%), from €18,969 to €103,856
- Write-downs -€75,000
new in 2025: -€75,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€502,646
Gross operating margin
+€3,304
Staff costs
+€170,519
Depreciation
+€13,132
Write-downs
+€75,000
Other operating charges
-€84,887
Other operating items
-€137
Financial income
+€9,572
Financial charges
+€1,786
Taxes
+€7,655
Result 2025
€698,589
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€394,322
Investment
-€96,487
Financing
-€756,740
Cash 2024
€495,819
From operations (derived)
+€394,322
Net result for the year
+€698,589
Depreciation
+€148,097
Receivables within one year
-€736,128
Deferred charges and accrued income
-€17,809
Trade debts
-€41,598
Tax, wage and social debts
+€88,076
Other debts
+€246,198
Accrued charges and deferred income
+€8,896
Investment (derived)
-€96,487
Investment in fixed assets (net)
-€96,487
Financing
-€756,740
Debts after one year
-€57,646
Current portion of long-term debt
+€1,998
Short-term financial debts
-€1,425
Contributions, distributions and other
-€699,667
Cash 2025
€36,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,293,686 | €2,537,108 | +€243,422 | +10.6% |
| Fixed assets | 21/28 | €703,021 | €651,411 | -€51,610 | -7.3% |
| Intangible fixed assets | 21 | €22,998 | €11,127 | -€11,871 | -51.6% |
| Tangible fixed assets | 22/27 | €680,023 | €640,284 | -€39,740 | -5.8% |
| Furniture and vehicles | 24 | €115,866 | €95,179 | -€20,687 | -17.9% |
| Other tangible fixed assets | 26 | €564,157 | €545,104 | -€19,053 | -3.4% |
| Current assets | 29/58 | €1,590,664 | €1,885,697 | +€295,033 | +18.5% |
| Amounts receivable after more than one year | 29 | €225,147 | €225,147 | = | 0.0% |
| Trade receivables | 290 | €225,147 | €225,147 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €857,698 | €1,593,826 | +€736,128 | +85.8% |
| Trade receivables | 40 | €846,979 | €1,579,924 | +€732,945 | +86.5% |
| Other amounts receivable | 41 | €10,719 | €13,902 | +€3,183 | +29.7% |
| Cash at bank and in hand | 54/58 | €495,819 | €36,915 | -€458,904 | -92.6% |
| Deferred charges and accrued income | 490/1 | €12,000 | €29,809 | +€17,809 | +148% |
| Total equity and liabilities | 10/49 | €2,293,686 | €2,537,108 | +€243,422 | +10.6% |
| Equity | 10/15 | €386,091 | €385,014 | -€1,077 | -0.3% |
| Contributions | 10/11 | €33,960 | €33,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,242 | €348,832 | +€589 | +0.2% |
| Investment grants | 15 | €3,889 | €2,222 | -€1,667 | -42.9% |
| Amounts payable | 17/49 | €1,907,594 | €2,152,094 | +€244,499 | +12.8% |
| Amounts payable after more than one year | 17 | €145,932 | €88,286 | -€57,646 | -39.5% |
| Financial debts | 170/4 | €145,932 | €88,286 | -€57,646 | -39.5% |
| Amounts payable within one year | 42/48 | €1,706,956 | €2,000,206 | +€293,250 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €55,648 | €57,646 | +€1,998 | +3.6% |
| Financial debts | 43 | €3,252 | €1,827 | -€1,425 | -43.8% |
| Credit institutions | 430/8 | €3,252 | €1,827 | -€1,425 | -43.8% |
| Trade debts | 44 | €913,542 | €871,944 | -€41,598 | -4.6% |
| Suppliers | 440/4 | €913,542 | €871,944 | -€41,598 | -4.6% |
| Taxes, remuneration and social security | 45 | €231,904 | €319,981 | +€88,076 | +38.0% |
| Taxes | 450/3 | €10,764 | €60,972 | +€50,208 | +466% |
| Remuneration and social security | 454/9 | €221,140 | €259,009 | +€37,869 | +17.1% |
| Other amounts payable | 47/48 | €502,610 | €748,808 | +€246,198 | +49.0% |
| Accrued charges and deferred income | 492/3 | €54,706 | €63,601 | +€8,896 | +16.3% |
| Remuneration, social security and pensions | 62 | €2,365,018 | €2,194,499 | -€170,519 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,229 | €148,097 | -€13,132 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€75,000 | -€75,000 | |
| Other operating charges | 640/8 | €18,969 | €103,856 | +€84,887 | +447% |
| Non-recurring operating charges | 66A | €64 | €201 | +€137 | +214% |
| Gross operating margin | 9900 | €3,086,945 | €3,090,249 | +€3,304 | +0.1% |
| Operating profit (loss) | 9901 | €541,665 | €718,596 | +€176,931 | +32.7% |
| Financial income | 75/76B | €1,113 | €10,684 | +€9,572 | +860% |
| Recurring financial income | 75 | €1,113 | €10,684 | +€9,572 | +860% |
| Financial charges | 65/66B | €9,367 | €7,581 | -€1,786 | -19.1% |
| Recurring financial charges | 65 | €9,367 | €7,581 | -€1,786 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €533,411 | €721,699 | +€188,288 | +35.3% |
| Income taxes | 67/77 | €30,765 | €23,109 | -€7,655 | -24.9% |
| Profit (loss) for the period | 9904 | €502,646 | €698,589 | +€195,943 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €502,646 | €698,589 | +€195,943 | +39.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.