Real 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.
Real Consultancy
Largest movements
- Stocks and contracts +€23,007
up €23,007 (+60.2%), from €38,222 to €61,229
- Receivables within one year +€17,987
up €17,987 (+2,779%), from €647 to €18,634
of which Trade receivables: +€18,634
- Cash -€10,977
down €10,977 (-36.6%), from €29,967 to €18,989
mainly Stocks and contracts (-€23,007) and Receivables within one year (-€17,987)
- Tangible fixed assets -€1,228
down €1,228 (-32.1%), from €3,829 to €2,601
of which Furniture and vehicles: -€886
- Profit (loss) carried forward +€22,205
up €22,205 (+113%), from €19,616 to €41,820
- Trade debts +€3,699
up €3,699 (+347%), from €1,066 to €4,764
- Tax, wage and social debts +€2,154
up €2,154 (+4.4%), from €49,046 to €51,200
- Gross operating margin -€40,385
down €40,385 (-54.0%), from €74,844 to €34,459
- Taxes -€8,334
down €8,334 (-47.2%), from €17,643 to €9,309
- Other operating charges -€2,305
down €2,305 (-78.5%), from €2,935 to €630
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 | €72,665 | €101,454 | +€28,789 | +39.6% |
| Fixed assets | 21/28 | €3,829 | €2,601 | -€1,228 | -32.1% |
| Tangible fixed assets | 22/27 | €3,829 | €2,601 | -€1,228 | -32.1% |
| Plant, machinery and equipment | 23 | €1,253 | €911 | -€342 | -27.3% |
| Furniture and vehicles | 24 | €2,576 | €1,690 | -€886 | -34.4% |
| Current assets | 29/58 | €68,836 | €98,852 | +€30,016 | +43.6% |
| Stocks and contracts in progress | 3 | €38,222 | €61,229 | +€23,007 | +60.2% |
| Stocks | 30/36 | €38,222 | €61,229 | +€23,007 | +60.2% |
| Amounts receivable within one year | 40/41 | €647 | €18,634 | +€17,987 | +2,779% |
| Trade receivables | 40 | - | €18,634 | +€18,634 | |
| Other amounts receivable | 41 | €647 | - | -€647 | |
| Cash at bank and in hand | 54/58 | €29,967 | €18,989 | -€10,977 | -36.6% |
| Total equity and liabilities | 10/49 | €72,665 | €101,454 | +€28,789 | +39.6% |
| Equity | 10/15 | €22,116 | €44,320 | +€22,205 | +100% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,616 | €41,820 | +€22,205 | +113% |
| Amounts payable | 17/49 | €50,549 | €57,133 | +€6,584 | +13.0% |
| Amounts payable within one year | 42/48 | €50,549 | €57,133 | +€6,584 | +13.0% |
| Trade debts | 44 | €1,066 | €4,764 | +€3,699 | +347% |
| Suppliers | 440/4 | €1,066 | €4,764 | +€3,699 | +347% |
| Taxes, remuneration and social security | 45 | €49,046 | €51,200 | +€2,154 | +4.4% |
| Taxes | 450/3 | €49,046 | €51,200 | +€2,154 | +4.4% |
| Other amounts payable | 47/48 | €438 | €1,169 | +€731 | +167% |
| Remuneration, social security and pensions | 62 | €634 | - | -€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €1,228 | -€268 | -17.9% |
| Other operating charges | 640/8 | €2,935 | €630 | -€2,305 | -78.5% |
| Gross operating margin | 9900 | €74,844 | €34,459 | -€40,385 | -54.0% |
| Operating profit (loss) | 9901 | €69,779 | €32,601 | -€37,178 | -53.3% |
| Financial charges | 65/66B | €520 | €1,088 | +€568 | +109% |
| Recurring financial charges | 65 | €520 | €1,088 | +€568 | +109% |
| Profit (loss) for the period before taxes | 9903 | €69,259 | €31,513 | -€37,746 | -54.5% |
| Income taxes | 67/77 | €17,643 | €9,309 | -€8,334 | -47.2% |
| Profit (loss) for the period | 9904 | €51,616 | €22,205 | -€29,411 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,616 | €22,205 | -€29,411 | -57.0% |
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 16 October 2026 via checked.be.