PROJECT CONSULTING: 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.
PROJECT CONSULTING
Largest movements
- Receivables within one year -€15,537
down €15,537 (-43.5%), from €35,693 to €20,156
of which Other amounts receivable: -€35,418
- Receivables after one year -€6,994
down €6,994 (-20.7%), from €33,712 to €26,718
- Stocks and contracts +€2,110
up €2,110 (+417.7%), from €505 to €2,615
- Tangible fixed assets -€1,723
down €1,723 (-29.8%), from €5,780 to €4,057
of which Plant, machinery and equipment: -€1,218
- Cash -€928
down €928 (-34.3%), from €2,708 to €1,780
mainly Other debts (-€32,000) and Tax, wage and social debts (-€6,614)
- Other debts -€32,000
no longer reported in 2025 (was €32,000)
- Trade debts +€18,655
up €18,655 (+463.3%), from €4,027 to €22,682
- Tax, wage and social debts -€6,614
down €6,614 (-28.8%), from €23,003 to €16,389
- Profit (loss) carried forward -€4,226
down €4,226, from €208 to -€4,018
- Gross operating margin -€40,520
down €40,520 (-93.4%), from €43,403 to €2,883
- Taxes -€6,838
down €6,838 (-97.7%), from €7,000 to €162
- Financial charges +€3,377
up €3,377 (+385.3%), from €876 to €4,253
- Staff costs -€2,227
no longer reported in 2025 (was €2,227)
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 | €83,737 | €59,766 | -€23,971 | -28.6% |
| Fixed assets | 21/28 | €6,000 | €4,277 | -€1,723 | -28.7% |
| Tangible fixed assets | 22/27 | €5,780 | €4,057 | -€1,723 | -29.8% |
| Plant, machinery and equipment | 23 | €3,977 | €2,759 | -€1,218 | -30.6% |
| Furniture and vehicles | 24 | €1,802 | €1,297 | -€505 | -28.0% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €77,738 | €55,490 | -€22,248 | -28.6% |
| Amounts receivable after more than one year | 29 | €33,712 | €26,718 | -€6,994 | -20.7% |
| Other amounts receivable | 291 | €33,712 | €26,718 | -€6,994 | -20.7% |
| Stocks and contracts in progress | 3 | €505 | €2,615 | +€2,110 | +417.7% |
| Stocks | 30/36 | €505 | €2,615 | +€2,110 | +417.7% |
| Amounts receivable within one year | 40/41 | €35,693 | €20,156 | -€15,537 | -43.5% |
| Trade receivables | 40 | €267 | €20,148 | +€19,881 | +7444.6% |
| Other amounts receivable | 41 | €35,426 | €8 | -€35,418 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,708 | €1,780 | -€928 | -34.3% |
| Deferred charges and accrued income | 490/1 | €5,120 | €4,222 | -€899 | -17.6% |
| Total equity and liabilities | 10/49 | €83,737 | €59,766 | -€23,971 | -28.6% |
| Equity | 10/15 | €24,708 | €20,482 | -€4,226 | -17.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,500 | €21,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208 | -€4,018 | -€4,226 | |
| Amounts payable | 17/49 | €59,030 | €39,285 | -€19,745 | -33.4% |
| Amounts payable within one year | 42/48 | €59,030 | €39,071 | -€19,959 | -33.8% |
| Trade debts | 44 | €4,027 | €22,682 | +€18,655 | +463.3% |
| Suppliers | 440/4 | €4,027 | €22,682 | +€18,655 | +463.3% |
| Taxes, remuneration and social security | 45 | €23,003 | €16,389 | -€6,614 | -28.8% |
| Taxes | 450/3 | €23,003 | €16,389 | -€6,614 | -28.8% |
| Other amounts payable | 47/48 | €32,000 | - | -€32,000 | |
| Accrued charges and deferred income | 492/3 | - | €214 | +€214 | |
| Remuneration, social security and pensions | 62 | €2,227 | - | -€2,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €1,723 | +€7 | +0.4% |
| Other operating charges | 640/8 | €1,736 | €2,049 | +€313 | +18.0% |
| Gross operating margin | 9900 | €43,403 | €2,883 | -€40,520 | -93.4% |
| Operating profit (loss) | 9901 | €37,725 | -€889 | -€38,613 | |
| Financial income | 75/76B | €1,451 | €1,077 | -€374 | -25.8% |
| Recurring financial income | 75 | €1,451 | €1,077 | -€374 | -25.8% |
| Financial charges | 65/66B | €876 | €4,253 | +€3,377 | +385.3% |
| Recurring financial charges | 65 | €876 | €4,253 | +€3,377 | +385.3% |
| Profit (loss) for the period before taxes | 9903 | €38,299 | -€4,065 | -€42,363 | |
| Income taxes | 67/77 | €7,000 | €162 | -€6,838 | -97.7% |
| Profit (loss) for the period | 9904 | €31,299 | -€4,226 | -€35,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,299 | -€4,226 | -€35,525 |
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 4 October 2026 via checked.be.