R&D CONSULTANCY: 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&D CONSULTANCY
Largest movements
- Receivables within one year +€4,272
up €4,272 (+12.4%), from €34,479 to €38,751
of which Other amounts receivable: +€2,431
- Cash -€3,309
down €3,309 (-19.1%), from €17,353 to €14,044
mainly Accrued charges and deferred income (-€5,789) and Net result for the year (-€5,409)
- Deferred charges and accrued income +€2,974
up €2,974 (+110%), from €2,702 to €5,676
- Tangible fixed assets -€1,269
down €1,269 (-8.8%), from €14,346 to €13,077
of which Other tangible fixed assets: -€2,968
- Tax, wage and social debts +€10,394
up €10,394 (+155%), from €6,721 to €17,115
- Accrued charges and deferred income -€5,789
no longer reported in 2025 (was €5,789)
- Profit (loss) carried forward -€5,409
down €5,409 (-18.1%), from €29,967 to €24,558
- Short-term financial debts +€3,572
up €3,572 (+170%), from €2,098 to €5,670
- Reserves -€2,105
down €2,105 (-9.1%), from €23,260 to €21,155
- Gross operating margin -€5,457
down €5,457 (-81.6%), from €6,687 to €1,230
- Taxes -€2,231
down €2,231 (-75.2%), from €2,966 to €736
- Depreciation +€528
up €528 (+12.3%), from €4,309 to €4,837
- Financial charges -€156
down €156 (-13.9%), from €1,119 to €963
- Financial income -€95
down €95 (-8.0%), from €1,179 to €1,085
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 | €77,798 | €80,466 | +€2,668 | +3.4% |
| Fixed assets | 21/28 | €23,264 | €21,995 | -€1,269 | -5.5% |
| Tangible fixed assets | 22/27 | €14,346 | €13,077 | -€1,269 | -8.8% |
| Plant, machinery and equipment | 23 | €309 | €53 | -€256 | -83.0% |
| Furniture and vehicles | 24 | €3,019 | €4,974 | +€1,955 | +64.8% |
| Other tangible fixed assets | 26 | €11,018 | €8,051 | -€2,968 | -26.9% |
| Financial fixed assets | 28 | €8,918 | €8,918 | = | 0.0% |
| Current assets | 29/58 | €54,534 | €58,471 | +€3,937 | +7.2% |
| Amounts receivable within one year | 40/41 | €34,479 | €38,751 | +€4,272 | +12.4% |
| Trade receivables | 40 | €19,964 | €21,805 | +€1,841 | +9.2% |
| Other amounts receivable | 41 | €14,515 | €16,946 | +€2,431 | +16.7% |
| Cash at bank and in hand | 54/58 | €17,353 | €14,044 | -€3,309 | -19.1% |
| Deferred charges and accrued income | 490/1 | €2,702 | €5,676 | +€2,974 | +110% |
| Total equity and liabilities | 10/49 | €77,798 | €80,466 | +€2,668 | +3.4% |
| Equity | 10/15 | €59,427 | €51,912 | -€7,514 | -12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,260 | €21,155 | -€2,105 | -9.1% |
| Distributable reserves | 133 | €23,260 | €21,155 | -€2,105 | -9.1% |
| Profit (loss) carried forward | 14 | €29,967 | €24,558 | -€5,409 | -18.1% |
| Amounts payable | 17/49 | €18,372 | €28,554 | +€10,182 | +55.4% |
| Amounts payable within one year | 42/48 | €12,582 | €28,554 | +€15,971 | +127% |
| Financial debts | 43 | €2,098 | €5,670 | +€3,572 | +170% |
| Credit institutions | 430/8 | €2,098 | €5,670 | +€3,572 | +170% |
| Trade debts | 44 | €3,763 | €5,663 | +€1,900 | +50.5% |
| Suppliers | 440/4 | €3,763 | €5,663 | +€1,900 | +50.5% |
| Taxes, remuneration and social security | 45 | €6,721 | €17,115 | +€10,394 | +155% |
| Taxes | 450/3 | €6,721 | €17,115 | +€10,394 | +155% |
| Other amounts payable | 47/48 | - | €105 | +€105 | |
| Accrued charges and deferred income | 492/3 | €5,789 | - | -€5,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,309 | €4,837 | +€528 | +12.3% |
| Other operating charges | 640/8 | €1,201 | €1,187 | -€14 | -1.2% |
| Gross operating margin | 9900 | €6,687 | €1,230 | -€5,457 | -81.6% |
| Operating profit (loss) | 9901 | €1,177 | -€4,795 | -€5,972 | |
| Financial income | 75/76B | €1,179 | €1,085 | -€95 | -8.0% |
| Recurring financial income | 75 | €1,179 | €1,085 | -€95 | -8.0% |
| Financial charges | 65/66B | €1,119 | €963 | -€156 | -13.9% |
| Recurring financial charges | 65 | €1,119 | €963 | -€156 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €1,237 | -€4,673 | -€5,911 | |
| Income taxes | 67/77 | €2,966 | €736 | -€2,231 | -75.2% |
| Profit (loss) for the period | 9904 | -€1,729 | -€5,409 | -€3,680 | -213% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,729 | -€5,409 | -€3,680 | -213% |
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 13 October 2026 via checked.be.