PREMIUM CONSULTING: 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
PREMIUM CONSULTING
NACE 01.430, Raising of horses and other equines
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€169,694
2025 · €163,878+€5,816
Equity
€100,734
2025 · €648,040-€547,306
Cash
€275,298
2025 · €237,731+€37,568
Balance sheet total
€5.7m
2025 · €4.3m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+28.9%), from €3.9m to €5.0m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets +€147,016
up €147,016 (+186%), from €78,910 to €225,926
of which Other tangible fixed assets: +€133,166
- Deferred charges and accrued income +€89,479
up €89,479 (+234%), from €38,185 to €127,664
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+56.4%), from €3.5m to €5.5m
- Profit (loss) carried forward -€519,045
down €519,045 (-99.9%), from €519,779 to €734
Income statement
- Gross operating margin +€48,043
up €48,043 (+24.2%), from €198,606 to €246,649
- Financial charges +€27,024
up €27,024 (+54.8%), from €49,284 to €76,307
- Taxes +€13,712
up €13,712 (+28.0%), from €49,046 to €62,758
- Financial income -€9,646
down €9,646 (-8.5%), from €114,070 to €104,424
- Staff costs -€4,304
down €4,304 (-10.1%), from €42,644 to €38,339
From the 2025 result to the 2026 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 2025
€163,878
Gross operating margin
+€48,043
Staff costs
+€4,304
Depreciation
-€3,866
Other operating charges
-€1,172
Financial income
-€9,646
Financial charges
-€27,024
Taxes
-€13,712
Deferred taxes and other
+€8,889
Result 2026
€169,694
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€925,546
Investment
-€156,447
Financing
-€731,531
Cash 2025
€237,731
From operations (derived)
+€925,546
Net result for the year
+€169,694
Depreciation
+€9,431
Stocks and contracts
-€7,500
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€89,479
Provisions
-€9,420
Trade debts
-€39,541
Tax, wage and social debts
+€10,092
Other debts
+€2.0m
Accrued charges and deferred income
+€27,556
Investment (derived)
-€156,447
Investment in fixed assets (net)
-€156,447
Financing
-€731,531
Current portion of long-term debt
-€14,531
Contributions, distributions and other
-€717,000
Cash 2026
€275,298
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,309,149 | €5,706,337 | +€1.4m | +32.4% |
| Fixed assets | 21/28 | €78,910 | €225,926 | +€147,016 | +186% |
| Tangible fixed assets | 22/27 | €78,910 | €225,926 | +€147,016 | +186% |
| Plant, machinery and equipment | 23 | €9,469 | €8,475 | -€993 | -10.5% |
| Furniture and vehicles | 24 | €57,517 | €72,361 | +€14,844 | +25.8% |
| Other tangible fixed assets | 26 | €11,924 | €145,090 | +€133,166 | +1,117% |
| Current assets | 29/58 | €4,230,239 | €5,480,411 | +€1.3m | +29.6% |
| Stocks and contracts in progress | 3 | €97,000 | €104,500 | +€7,500 | +7.7% |
| Stocks | 30/36 | €97,000 | €104,500 | +€7,500 | +7.7% |
| Amounts receivable within one year | 40/41 | €3,857,323 | €4,972,948 | +€1.1m | +28.9% |
| Trade receivables | 40 | €38,041 | €37,147 | -€894 | -2.3% |
| Other amounts receivable | 41 | €3,819,282 | €4,935,801 | +€1.1m | +29.2% |
| Cash at bank and in hand | 54/58 | €237,731 | €275,298 | +€37,568 | +15.8% |
| Deferred charges and accrued income | 490/1 | €38,185 | €127,664 | +€89,479 | +234% |
| Total equity and liabilities | 10/49 | €4,309,149 | €5,706,337 | +€1.4m | +32.4% |
| Equity | 10/15 | €648,040 | €100,734 | -€547,306 | -84.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €28,261 | €0 | -€28,261 | -100% |
| Tax-exempt reserves | 132 | €28,261 | €0 | -€28,261 | -100% |
| Profit (loss) carried forward | 14 | €519,779 | €734 | -€519,045 | -99.9% |
| Provisions and deferred taxes | 16 | €9,420 | €0 | -€9,420 | -100% |
| Deferred taxes | 168 | €9,420 | €0 | -€9,420 | -100% |
| Amounts payable | 17/49 | €3,651,689 | €5,605,602 | +€2.0m | +53.5% |
| Amounts payable within one year | 42/48 | €3,603,363 | €5,529,720 | +€1.9m | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €14,531 | €0 | -€14,531 | -100% |
| Trade debts | 44 | €68,478 | €28,938 | -€39,541 | -57.7% |
| Suppliers | 440/4 | €68,478 | €28,938 | -€39,541 | -57.7% |
| Taxes, remuneration and social security | 45 | €24,645 | €34,737 | +€10,092 | +41.0% |
| Taxes | 450/3 | €20,915 | €22,757 | +€1,842 | +8.8% |
| Remuneration and social security | 454/9 | €3,730 | €11,981 | +€8,251 | +221% |
| Other amounts payable | 47/48 | €3,495,708 | €5,466,045 | +€2.0m | +56.4% |
| Accrued charges and deferred income | 492/3 | €48,326 | €75,882 | +€27,556 | +57.0% |
| Remuneration, social security and pensions | 62 | €42,644 | €38,339 | -€4,304 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,565 | €9,431 | +€3,866 | +69.5% |
| Other operating charges | 640/8 | €2,790 | €3,963 | +€1,172 | +42.0% |
| Gross operating margin | 9900 | €198,606 | €246,649 | +€48,043 | +24.2% |
| Operating profit (loss) | 9901 | €147,607 | €194,915 | +€47,309 | +32.1% |
| Financial income | 75/76B | €114,070 | €104,424 | -€9,646 | -8.5% |
| Recurring financial income | 75 | €114,070 | €104,424 | -€9,646 | -8.5% |
| Financial charges | 65/66B | €49,284 | €76,307 | +€27,024 | +54.8% |
| Recurring financial charges | 65 | €49,284 | €76,307 | +€27,024 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €212,392 | €223,032 | +€10,640 | +5.0% |
| Transfer from deferred taxes | 780 | €531 | €9,420 | +€8,889 | +1,673% |
| Income taxes | 67/77 | €49,046 | €62,758 | +€13,712 | +28.0% |
| Profit (loss) for the period | 9904 | €163,878 | €169,694 | +€5,816 | +3.5% |
| Transfer from tax-exempt reserves | 789 | €1,594 | €28,261 | +€26,667 | +1,673% |
| Profit (loss) for the period to be appropriated | 9905 | €165,472 | €197,955 | +€32,484 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.