PROPERTY et ADVICE: 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
PROPERTY et ADVICE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€923,381
2024 · €1.6m-€691,211
Equity
€4.6m
2024 · €4.0m+€616,150
Cash
€921,348
2024 · €1.2m-€275,109
Balance sheet total
€24.0m
2024 · €23.8m+€188,033
Largest movements
Assets
- Financial fixed assets +€560,000
up €560,000 (+29.6%), from €1.9m to €2.5m
- Tangible fixed assets -€468,220
down €468,220 (-2.5%), from €19.0m to €18.5m
of which Land and buildings: -€432,950
- Cash -€275,109
down €275,109 (-23.0%), from €1.2m to €921,348
mainly Investment in fixed assets (net) (-€982,512) and Debts after one year (-€710,280)
Equity and liabilities
- Debts after one year -€710,280
down €710,280 (-4.2%), from €17.1m to €16.4m
- Reserves +€639,907
up €639,907 (+16.4%), from €3.9m to €4.5m
of which Distributable reserves: +€692,009
Income statement
- Gross operating margin -€949,945
down €949,945 (-23.8%), from €4.0m to €3.0m
- Taxes -€294,832
down €294,832 (-39.2%), from €752,542 to €457,710
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.
Result 2024
€1.6m
Gross operating margin
-€949,945
Depreciation
-€15,576
Other operating charges
-€22,056
Financial income
+€12,486
Financial charges
-€10,952
Taxes
+€294,832
Result 2025
€923,381
raises the resultlowers the result
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.
From operations
+€1.8m
Investment
-€1.2m
Financing
-€900,645
Cash 2024
€1.2m
From operations (derived)
+€1.8m
Net result for the year
+€923,381
Depreciation
+€890,731
Receivables within one year
-€145,841
Deferred charges and accrued income
-€29,607
Provisions
-€21,886
Trade debts
-€97,396
Tax, wage and social debts
+€107,456
Other debts
+€135,400
Accrued charges and deferred income
+€41,723
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€982,512
Current investments
-€195,913
Financing
-€900,645
Debts after one year
-€710,280
Current portion of long-term debt
+€126,866
Short-term financial debts
-€10,000
Contributions, distributions and other
-€307,231
Cash 2025
€921,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,768,594 | €23,956,627 | +€188,033 | +0.8% |
| Fixed assets | 21/28 | €20,849,303 | €20,941,083 | +€91,780 | +0.4% |
| Tangible fixed assets | 22/27 | €18,954,978 | €18,486,759 | -€468,220 | -2.5% |
| Land and buildings | 22 | €18,850,450 | €18,417,499 | -€432,950 | -2.3% |
| Plant, machinery and equipment | 23 | €2,095 | €732 | -€1,363 | -65.0% |
| Furniture and vehicles | 24 | €90,885 | €58,857 | -€32,027 | -35.2% |
| Other tangible fixed assets | 26 | €11,548 | €9,669 | -€1,879 | -16.3% |
| Financial fixed assets | 28 | €1,894,325 | €2,454,325 | +€560,000 | +29.6% |
| Current assets | 29/58 | €2,919,292 | €3,015,544 | +€96,253 | +3.3% |
| Stocks and contracts in progress | 3 | €109,980 | €109,980 | = | 0.0% |
| Stocks | 30/36 | €109,980 | €109,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,346,709 | €1,492,550 | +€145,841 | +10.8% |
| Trade receivables | 40 | €184,636 | €57,186 | -€127,450 | -69.0% |
| Other amounts receivable | 41 | €1,162,073 | €1,435,364 | +€273,291 | +23.5% |
| Current investments | 50/53 | €182,009 | €377,922 | +€195,913 | +108% |
| Cash at bank and in hand | 54/58 | €1,196,457 | €921,348 | -€275,109 | -23.0% |
| Deferred charges and accrued income | 490/1 | €84,137 | €113,744 | +€29,607 | +35.2% |
| Total equity and liabilities | 10/49 | €23,768,594 | €23,956,627 | +€188,033 | +0.8% |
| Equity | 10/15 | €4,014,627 | €4,630,777 | +€616,150 | +15.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €23,757 | - | -€23,757 | |
| Reserves | 13 | €3,893,924 | €4,533,830 | +€639,907 | +16.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €628,494 | €576,392 | -€52,102 | -8.3% |
| Distributable reserves | 133 | €3,259,279 | €3,951,288 | +€692,009 | +21.2% |
| Profit (loss) carried forward | 14 | €35,446 | €35,446 | = | 0.0% |
| Provisions and deferred taxes | 16 | €253,082 | €231,197 | -€21,886 | -8.6% |
| Deferred taxes | 168 | €253,082 | €231,197 | -€21,886 | -8.6% |
| Amounts payable | 17/49 | €19,500,885 | €19,094,654 | -€406,231 | -2.1% |
| Amounts payable after more than one year | 17 | €17,085,223 | €16,374,943 | -€710,280 | -4.2% |
| Financial debts | 170/4 | €17,085,223 | €16,374,943 | -€710,280 | -4.2% |
| Amounts payable within one year | 42/48 | €2,280,854 | €2,543,180 | +€262,326 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €1,493,218 | €1,620,084 | +€126,866 | +8.5% |
| Financial debts | 43 | €350,000 | €340,000 | -€10,000 | -2.9% |
| Credit institutions | 430/8 | €350,000 | €340,000 | -€10,000 | -2.9% |
| Trade debts | 44 | €114,318 | €16,921 | -€97,396 | -85.2% |
| Suppliers | 440/4 | €114,318 | €16,921 | -€97,396 | -85.2% |
| Taxes, remuneration and social security | 45 | €323,318 | €430,774 | +€107,456 | +33.2% |
| Taxes | 450/3 | €323,318 | €430,774 | +€107,456 | +33.2% |
| Other amounts payable | 47/48 | - | €135,400 | +€135,400 | |
| Accrued charges and deferred income | 492/3 | €134,808 | €176,531 | +€41,723 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875,155 | €890,731 | +€15,576 | +1.8% |
| Other operating charges | 640/8 | €235,170 | €257,226 | +€22,056 | +9.4% |
| Gross operating margin | 9900 | €3,988,309 | €3,038,364 | -€949,945 | -23.8% |
| Operating profit (loss) | 9901 | €2,877,984 | €1,890,406 | -€987,577 | -34.3% |
| Financial income | 75/76B | €88,971 | €101,457 | +€12,486 | +14.0% |
| Recurring financial income | 75 | €88,971 | €101,457 | +€12,486 | +14.0% |
| Financial charges | 65/66B | €621,706 | €632,657 | +€10,952 | +1.8% |
| Recurring financial charges | 65 | €621,706 | €632,657 | +€10,952 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €2,345,249 | €1,359,206 | -€986,043 | -42.0% |
| Transfer from deferred taxes | 780 | €21,886 | €21,886 | -€0 | 0.0% |
| Income taxes | 67/77 | €752,542 | €457,710 | -€294,832 | -39.2% |
| Profit (loss) for the period | 9904 | €1,614,592 | €923,381 | -€691,211 | -42.8% |
| Transfer from tax-exempt reserves | 789 | €52,102 | €52,102 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,666,694 | €975,483 | -€691,211 | -41.5% |
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 29 October 2026 via checked.be.