PTOLEMUS: 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
PTOLEMUS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,729
2024 · €121,354-€109,625
Equity
€207,996
2024 · €196,267+€11,729
Cash
€40,909
2024 · €40,330+€579
Balance sheet total
€454,986
2024 · €739,225-€284,239
Largest movements
Assets
- Receivables within one year -€361,359
down €361,359 (-85.8%), from €421,295 to €59,936
of which Trade receivables: -€340,857
- Stocks and contracts +€72,150
up €72,150 (+27.3%), from €264,225 to €336,375
Equity and liabilities
- Trade debts -€247,099
down €247,099 (-70.9%), from €348,279 to €101,180
- Debts after one year -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Current portion of long-term debt -€25,000
down €25,000 (-31.3%), from €80,000 to €55,000
- Tax, wage and social debts +€15,463
up €15,463, from €0 to €15,463
of which Remuneration and social security: +€12,525
- Profit (loss) carried forward +€11,729
up €11,729 (+7.6%), from €154,848 to €166,577
Income statement
- Turnover -€426,481
down €426,481 (-42.6%), from €1.0m to €574,098
- Purchases and services -€361,161
down €361,161 (-43.3%), from €833,644 to €472,483
- Staff costs +€125,995
up €125,995 (+591%), from €21,309 to €147,304
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
€121,354
Gross operating margin
-€2,754
Staff costs
-€125,995
Depreciation
+€4,809
Other operating charges
+€6,065
Other operating items
+€1,549
Financial income
+€1,620
Financial charges
+€5,045
Taxes
+€37
Result 2025
€11,729
raises the resultlowers the resultnot broken down further in the accounts
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
+€59,482
Investment
-€3,903
Financing
-€55,000
Cash 2024
€40,330
From operations (derived)
+€59,482
Net result for the year
+€11,729
Depreciation
+€1,671
Stocks and contracts
-€72,150
Receivables within one year
+€361,359
Deferred charges and accrued income
-€2,159
Trade debts
-€247,099
Tax, wage and social debts
+€15,463
Other debts
-€5,033
Accrued charges and deferred income
-€4,299
Investment (derived)
-€3,903
Investment in fixed assets (net)
-€3,903
Financing
-€55,000
Debts after one year
-€30,000
Current portion of long-term debt
-€25,000
Cash 2025
€40,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €739,225 | €454,986 | -€284,239 | -38.5% |
| Fixed assets | 21/28 | €10,945 | €13,177 | +€2,232 | +20.4% |
| Tangible fixed assets | 22/27 | €1,110 | €3,342 | +€2,232 | +201% |
| Plant, machinery and equipment | 23 | €436 | €3,342 | +€2,905 | +666% |
| Furniture and vehicles | 24 | €673 | €0 | -€673 | -100% |
| Financial fixed assets | 28 | €9,835 | €9,835 | = | 0.0% |
| Current assets | 29/58 | €728,280 | €441,809 | -€286,471 | -39.3% |
| Stocks and contracts in progress | 3 | €264,225 | €336,375 | +€72,150 | +27.3% |
| Stocks | 30/36 | €264,225 | €336,375 | +€72,150 | +27.3% |
| Amounts receivable within one year | 40/41 | €421,295 | €59,936 | -€361,359 | -85.8% |
| Trade receivables | 40 | €393,713 | €52,856 | -€340,857 | -86.6% |
| Other amounts receivable | 41 | €27,582 | €7,080 | -€20,502 | -74.3% |
| Cash at bank and in hand | 54/58 | €40,330 | €40,909 | +€579 | +1.4% |
| Deferred charges and accrued income | 490/1 | €2,430 | €4,589 | +€2,159 | +88.8% |
| Total equity and liabilities | 10/49 | €739,225 | €454,986 | -€284,239 | -38.5% |
| Equity | 10/15 | €196,267 | €207,996 | +€11,729 | +6.0% |
| Contributions | 10/11 | €9,450 | €9,450 | = | 0.0% |
| Reserves | 13 | €31,969 | €31,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,780 | €3,780 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,780 | €3,780 | = | 0.0% |
| Distributable reserves | 133 | €28,189 | €28,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,848 | €166,577 | +€11,729 | +7.6% |
| Amounts payable | 17/49 | €542,958 | €246,990 | -€295,968 | -54.5% |
| Amounts payable after more than one year | 17 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Other amounts payable | 178/9 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Amounts payable within one year | 42/48 | €439,367 | €177,698 | -€261,669 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Trade debts | 44 | €348,279 | €101,180 | -€247,099 | -70.9% |
| Suppliers | 440/4 | €348,279 | €101,180 | -€247,099 | -70.9% |
| Taxes, remuneration and social security | 45 | €0 | €15,463 | +€15,463 | |
| Taxes | 450/3 | €0 | €2,938 | +€2,938 | |
| Remuneration and social security | 454/9 | €0 | €12,525 | +€12,525 | |
| Other amounts payable | 47/48 | €11,088 | €6,055 | -€5,033 | -45.4% |
| Accrued charges and deferred income | 492/3 | €13,591 | €9,292 | -€4,299 | -31.6% |
| Turnover | 70 | €1,000,579 | €574,098 | -€426,481 | -42.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €833,644 | €472,483 | -€361,161 | -43.3% |
| Remuneration, social security and pensions | 62 | €21,309 | €147,304 | +€125,995 | +591% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,480 | €1,671 | -€4,809 | -74.2% |
| Other operating charges | 640/8 | €9,270 | €3,205 | -€6,065 | -65.4% |
| Non-recurring operating charges | 66A | €1,549 | €0 | -€1,549 | -100% |
| Gross operating margin | 9900 | €176,519 | €173,764 | -€2,754 | -1.6% |
| Operating profit (loss) | 9901 | €137,910 | €21,584 | -€116,326 | -84.3% |
| Financial income | 75/76B | €2,102 | €3,722 | +€1,620 | +77.0% |
| Recurring financial income | 75 | €2,102 | €3,722 | +€1,620 | +77.0% |
| Financial charges | 65/66B | €18,658 | €13,613 | -€5,045 | -27.0% |
| Recurring financial charges | 65 | €18,658 | €13,613 | -€5,045 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €121,354 | €11,692 | -€109,661 | -90.4% |
| Income taxes | 67/77 | €0 | -€37 | -€37 | |
| Profit (loss) for the period | 9904 | €121,354 | €11,729 | -€109,625 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €121,354 | €11,729 | -€109,625 | -90.3% |
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 26 October 2026 via checked.be.