PROJECT CONSULTING & MANAGEMENT SERVICES: 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.
PROJECT CONSULTING & MANAGEMENT SERVICES
Largest movements
- Cash -€64,984
down €64,984 (-71.5%), from €90,894 to €25,910
mainly Other debts (-€98,757) and Contributions, distributions and other (-€81,667)
- Other debts -€98,757
down €98,757 (-88.0%), from €112,246 to €13,489
- Reserves +€29,108
up €29,108 (+4.6%), from €633,212 to €662,320
- Gross operating margin -€58,039
down €58,039 (-26.2%), from €221,181 to €163,142
- Taxes -€23,276
down €23,276 (-33.8%), from €68,876 to €45,600
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €761,904 | €694,976 | -€66,928 | -8.8% |
| Fixed assets | 21/28 | €501,000 | €503,232 | +€2,232 | +0.4% |
| Tangible fixed assets | 22/27 | - | €2,232 | +€2,232 | |
| Leasing and similar rights | 25 | - | €2,232 | +€2,232 | |
| Financial fixed assets | 28 | €501,000 | €501,000 | = | 0.0% |
| Current assets | 29/58 | €260,904 | €191,744 | -€69,160 | -26.5% |
| Amounts receivable within one year | 40/41 | €170,010 | €165,834 | -€4,176 | -2.5% |
| Trade receivables | 40 | €170,010 | €165,834 | -€4,176 | -2.5% |
| Cash at bank and in hand | 54/58 | €90,894 | €25,910 | -€64,984 | -71.5% |
| Total equity and liabilities | 10/49 | €761,904 | €694,976 | -€66,928 | -8.8% |
| Equity | 10/15 | €633,213 | €662,321 | +€29,108 | +4.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €633,212 | €662,320 | +€29,108 | +4.6% |
| Distributable reserves | 133 | €633,212 | €662,320 | +€29,108 | +4.6% |
| Amounts payable | 17/49 | €128,691 | €32,655 | -€96,036 | -74.6% |
| Amounts payable within one year | 42/48 | €128,691 | €32,655 | -€96,036 | -74.6% |
| Trade debts | 44 | €1,021 | €2,507 | +€1,486 | +146% |
| Suppliers | 440/4 | €1,021 | €2,507 | +€1,486 | +146% |
| Taxes, remuneration and social security | 45 | €15,424 | €16,660 | +€1,236 | +8.0% |
| Taxes | 450/3 | €15,424 | €16,660 | +€1,236 | +8.0% |
| Other amounts payable | 47/48 | €112,246 | €13,489 | -€98,757 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €817 | €1,287 | +€470 | +57.4% |
| Gross operating margin | 9900 | €221,181 | €163,142 | -€58,039 | -26.2% |
| Operating profit (loss) | 9901 | €220,364 | €161,717 | -€58,647 | -26.6% |
| Financial income | 75/76B | €49 | €80 | +€31 | +63.4% |
| Recurring financial income | 75 | €49 | €80 | +€31 | +63.4% |
| Financial charges | 65/66B | €6,490 | €5,422 | -€1,068 | -16.5% |
| Recurring financial charges | 65 | €6,490 | €5,422 | -€1,068 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €213,923 | €156,375 | -€57,548 | -26.9% |
| Income taxes | 67/77 | €68,876 | €45,600 | -€23,276 | -33.8% |
| Profit (loss) for the period | 9904 | €145,047 | €110,774 | -€34,273 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €145,047 | €110,774 | -€34,273 | -23.6% |
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 26 October 2026 via checked.be.