PROJECT MANAGEMENT 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.
PROJECT MANAGEMENT CONSULTING
Largest movements
- Tangible fixed assets +€157,928
up €157,928 (+13.9%), from €1.1m to €1.3m
of which Land and buildings: +€134,517
- Receivables within one year -€147,952
down €147,952 (-46.1%), from €320,703 to €172,751
of which Other amounts receivable: -€148,834
- Cash +€109,972
up €109,972 (+76.8%), from €143,269 to €253,241
mainly Debts after one year (+€155,169) and Receivables within one year (+€147,952)
- Debts after one year +€155,169
up €155,169 (+9.4%), from €1.6m to €1.8m
of which Financial debts: +€205,169
- Profit (loss) carried forward -€61,485
down €61,485 (-13.9%), from €441,090 to €379,605
- Other debts +€26,466
up €26,466 (+7,403%), from €358 to €26,823
- Depreciation +€41,954
up €41,954 (+67.4%), from €62,236 to €104,189
- Gross operating margin -€23,116
down €23,116 (-12.5%), from €185,590 to €162,474
- Other operating charges -€11,622
down €11,622 (-68.0%), from €17,085 to €5,463
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 | €2,155,144 | €2,282,146 | +€127,003 | +5.9% |
| Fixed assets | 21/28 | €1,690,673 | €1,848,601 | +€157,928 | +9.3% |
| Tangible fixed assets | 22/27 | €1,136,054 | €1,293,982 | +€157,928 | +13.9% |
| Land and buildings | 22 | €1,131,395 | €1,265,912 | +€134,517 | +11.9% |
| Furniture and vehicles | 24 | €4,659 | €28,070 | +€23,411 | +502% |
| Financial fixed assets | 28 | €554,618 | €554,618 | = | 0.0% |
| Current assets | 29/58 | €464,471 | €433,546 | -€30,926 | -6.7% |
| Amounts receivable within one year | 40/41 | €320,703 | €172,751 | -€147,952 | -46.1% |
| Trade receivables | 40 | €70,815 | €71,697 | +€881 | +1.2% |
| Other amounts receivable | 41 | €249,888 | €101,054 | -€148,834 | -59.6% |
| Cash at bank and in hand | 54/58 | €143,269 | €253,241 | +€109,972 | +76.8% |
| Deferred charges and accrued income | 490/1 | €499 | €7,554 | +€7,055 | +1,414% |
| Total equity and liabilities | 10/49 | €2,155,144 | €2,282,146 | +€127,003 | +5.9% |
| Equity | 10/15 | €459,640 | €398,155 | -€61,485 | -13.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441,090 | €379,605 | -€61,485 | -13.9% |
| Amounts payable | 17/49 | €1,695,503 | €1,883,992 | +€188,488 | +11.1% |
| Amounts payable after more than one year | 17 | €1,643,202 | €1,798,371 | +€155,169 | +9.4% |
| Financial debts | 170/4 | €1,593,202 | €1,798,371 | +€205,169 | +12.9% |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €49,040 | €81,219 | +€32,180 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €33,622 | €34,831 | +€1,209 | +3.6% |
| Financial debts | 43 | €117 | €265 | +€148 | +126% |
| Credit institutions | 430/8 | €117 | €265 | +€148 | +126% |
| Trade debts | 44 | €14,667 | €8,921 | -€5,747 | -39.2% |
| Suppliers | 440/4 | €14,667 | €8,921 | -€5,747 | -39.2% |
| Taxes, remuneration and social security | 45 | €276 | €10,379 | +€10,103 | +3,663% |
| Taxes | 450/3 | €276 | €10,379 | +€10,103 | +3,663% |
| Other amounts payable | 47/48 | €358 | €26,823 | +€26,466 | +7,403% |
| Accrued charges and deferred income | 492/3 | €3,262 | €4,401 | +€1,139 | +34.9% |
| Non-recurring operating income | 76A | €2,291 | - | -€2,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,236 | €104,189 | +€41,954 | +67.4% |
| Other operating charges | 640/8 | €17,085 | €5,463 | -€11,622 | -68.0% |
| Gross operating margin | 9900 | €185,590 | €162,474 | -€23,116 | -12.5% |
| Operating profit (loss) | 9901 | €106,269 | €52,821 | -€53,447 | -50.3% |
| Financial income | 75/76B | €7,271 | €7,307 | +€36 | +0.5% |
| Recurring financial income | 75 | €7,271 | €7,307 | +€36 | +0.5% |
| Financial charges | 65/66B | €41,523 | €40,933 | -€590 | -1.4% |
| Recurring financial charges | 65 | €41,523 | €40,933 | -€590 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €72,017 | €19,195 | -€52,822 | -73.3% |
| Income taxes | 67/77 | - | €680 | +€680 | |
| Profit (loss) for the period | 9904 | €72,017 | €18,515 | -€53,502 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,017 | €18,515 | -€53,502 | -74.3% |
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 24 October 2026 via checked.be.