R-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.
R-Consulting
Largest movements
- Current investments +€122,120
up €122,120 (+66.8%), from €182,678 to €304,799
- Stocks and contracts -€58,986
no longer reported in 2025 (was €58,986)
- Receivables within one year +€28,050
up €28,050 (+154%), from €18,228 to €46,278
of which Other amounts receivable: +€21,068
- Tangible fixed assets -€22,534
down €22,534 (-5.3%), from €421,467 to €398,933
of which Furniture and vehicles: -€14,013
- Cash -€18,450
down €18,450 (-36.8%), from €50,177 to €31,727
mainly Current investments (-€122,120) and Receivables within one year (-€28,050)
- Reserves +€95,000
up €95,000 (+28.3%), from €335,650 to €430,650
- Accrued charges and deferred income -€11,932
no longer reported in 2025 (was €11,932)
- Trade debts -€11,803
down €11,803 (-92.9%), from €12,702 to €898
- Debts after one year -€9,170
no longer reported in 2025 (was €9,170)
- Tax, wage and social debts -€8,370
down €8,370 (-65.3%), from €12,814 to €4,444
- Gross operating margin -€120,729
down €120,729 (-39.4%), from €306,265 to €185,537
- Financial charges -€37,014
down €37,014 (-77.6%), from €47,689 to €10,675
of which Non-recurring financial charges: -€37,381
- Taxes -€29,627
down €29,627 (-41.1%), from €72,173 to €42,546
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 | €734,236 | €783,406 | +€49,170 | +6.7% |
| Fixed assets | 21/28 | €421,467 | €398,933 | -€22,534 | -5.3% |
| Tangible fixed assets | 22/27 | €421,467 | €398,933 | -€22,534 | -5.3% |
| Land and buildings | 22 | €355,165 | €347,387 | -€7,778 | -2.2% |
| Plant, machinery and equipment | 23 | €30,760 | €30,017 | -€743 | -2.4% |
| Furniture and vehicles | 24 | €35,542 | €21,529 | -€14,013 | -39.4% |
| Current assets | 29/58 | €312,769 | €384,473 | +€71,704 | +22.9% |
| Stocks and contracts in progress | 3 | €58,986 | - | -€58,986 | |
| Stocks | 30/36 | €58,986 | - | -€58,986 | |
| Amounts receivable within one year | 40/41 | €18,228 | €46,278 | +€28,050 | +154% |
| Trade receivables | 40 | €15,373 | €22,354 | +€6,981 | +45.4% |
| Other amounts receivable | 41 | €2,855 | €23,924 | +€21,068 | +738% |
| Current investments | 50/53 | €182,678 | €304,799 | +€122,120 | +66.8% |
| Cash at bank and in hand | 54/58 | €50,177 | €31,727 | -€18,450 | -36.8% |
| Deferred charges and accrued income | 490/1 | €2,699 | €1,669 | -€1,030 | -38.2% |
| Total equity and liabilities | 10/49 | €734,236 | €783,406 | +€49,170 | +6.7% |
| Equity | 10/15 | €567,353 | €663,086 | +€95,734 | +16.9% |
| Contributions | 10/11 | €201,500 | €201,500 | = | 0.0% |
| Reserves | 13 | €335,650 | €430,650 | +€95,000 | +28.3% |
| Distributable reserves | 133 | €335,650 | €430,650 | +€95,000 | +28.3% |
| Profit (loss) carried forward | 14 | €30,203 | €30,936 | +€734 | +2.4% |
| Amounts payable | 17/49 | €166,883 | €120,320 | -€46,564 | -27.9% |
| Amounts payable after more than one year | 17 | €9,170 | - | -€9,170 | |
| Financial debts | 170/4 | €9,170 | - | -€9,170 | |
| Amounts payable within one year | 42/48 | €145,781 | €120,320 | -€25,462 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €13,484 | €9,170 | -€4,314 | -32.0% |
| Financial debts | 43 | €15,253 | €15,000 | -€253 | -1.7% |
| Credit institutions | 430/8 | €15,253 | €15,000 | -€253 | -1.7% |
| Trade debts | 44 | €12,702 | €898 | -€11,803 | -92.9% |
| Suppliers | 440/4 | €12,702 | €898 | -€11,803 | -92.9% |
| Taxes, remuneration and social security | 45 | €12,814 | €4,444 | -€8,370 | -65.3% |
| Taxes | 450/3 | €12,814 | €4,444 | -€8,370 | -65.3% |
| Other amounts payable | 47/48 | €91,529 | €90,807 | -€721 | -0.8% |
| Accrued charges and deferred income | 492/3 | €11,932 | - | -€11,932 | |
| Non-recurring operating income | 76A | €27,270 | €11,932 | -€15,337 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,455 | €34,194 | +€740 | +2.2% |
| Other operating charges | 640/8 | €2,803 | €2,868 | +€65 | +2.3% |
| Gross operating margin | 9900 | €306,265 | €185,537 | -€120,729 | -39.4% |
| Operating profit (loss) | 9901 | €270,008 | €148,474 | -€121,534 | -45.0% |
| Financial income | 75/76B | €118 | €481 | +€363 | +308% |
| Recurring financial income | 75 | €118 | €481 | +€363 | +308% |
| Financial charges | 65/66B | €47,689 | €10,675 | -€37,014 | -77.6% |
| Recurring financial charges | 65 | €10,308 | €10,675 | +€367 | +3.6% |
| Non-recurring financial charges | 66B | €37,381 | - | -€37,381 | |
| Profit (loss) for the period before taxes | 9903 | €222,437 | €138,280 | -€84,157 | -37.8% |
| Income taxes | 67/77 | €72,173 | €42,546 | -€29,627 | -41.1% |
| Profit (loss) for the period | 9904 | €150,264 | €95,734 | -€54,530 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,264 | €95,734 | -€54,530 | -36.3% |
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 20 October 2026 via checked.be.