RECONSULT: what changed
Two fiscal 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.
RECONSULT
Largest movements
- Tangible fixed assets -€99,455
down €99,455 (-1.9%), from €5.3m to €5.2m
of which Land and buildings: -€89,482
- Cash +€87,414
up €87,414 (+48.2%), from €181,247 to €268,662
mainly Depreciation (+€229,635) and Accrued charges and deferred income (+€45,909)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€89,074
up €89,074 (+32.3%), from €276,040 to €365,113
- Depreciation -€62,462
down €62,462 (-21.4%), from €292,097 to €229,635
- Financial charges +€49,296
up €49,296 (+189.9%), from €25,954 to €75,250
- Financial income -€24,634
down €24,634 (-93.8%), from €26,271 to €1,637
- Taxes -€4,131
down €4,131 (-9.2%), from €44,848 to €40,717
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.
Cash bridge derived
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 | €5,752,013 | €5,731,511 | -€20,502 | -0.4% |
| Fixed assets | 21/28 | €5,338,375 | €5,237,681 | -€100,695 | -1.9% |
| Tangible fixed assets | 22/27 | €5,329,715 | €5,230,260 | -€99,455 | -1.9% |
| Land and buildings | 22 | €5,275,108 | €5,185,626 | -€89,482 | -1.7% |
| Plant, machinery and equipment | 23 | €3,843 | €1,812 | -€2,031 | -52.8% |
| Furniture and vehicles | 24 | €50,764 | €42,822 | -€7,942 | -15.6% |
| Financial fixed assets | 28 | €8,660 | €7,421 | -€1,239 | -14.3% |
| Current assets | 29/58 | €413,638 | €493,831 | +€80,193 | +19.4% |
| Amounts receivable within one year | 40/41 | €210,742 | €219,729 | +€8,987 | +4.3% |
| Trade receivables | 40 | €6,198 | €5,830 | -€368 | -5.9% |
| Other amounts receivable | 41 | €204,544 | €213,899 | +€9,355 | +4.6% |
| Cash at bank and in hand | 54/58 | €181,247 | €268,662 | +€87,414 | +48.2% |
| Deferred charges and accrued income | 490/1 | €21,649 | €5,440 | -€16,208 | -74.9% |
| Total equity and liabilities | 10/49 | €5,752,013 | €5,731,511 | -€20,502 | -0.4% |
| Equity | 10/15 | €4,534,506 | €4,543,965 | +€9,460 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,472,506 | €4,481,965 | +€9,460 | +0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,638 | €186,829 | -€6,810 | -3.5% |
| Distributable reserves | 133 | €4,272,667 | €4,288,937 | +€16,269 | +0.4% |
| Provisions and deferred taxes | 16 | €64,546 | €62,276 | -€2,270 | -3.5% |
| Deferred taxes | 168 | €64,546 | €62,276 | -€2,270 | -3.5% |
| Amounts payable | 17/49 | €1,152,961 | €1,125,270 | -€27,692 | -2.4% |
| Amounts payable after more than one year | 17 | €276,385 | €253,447 | -€22,938 | -8.3% |
| Financial debts | 170/4 | €276,385 | €253,447 | -€22,938 | -8.3% |
| Amounts payable within one year | 42/48 | €866,754 | €816,091 | -€50,662 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €21,896 | €22,938 | +€1,042 | +4.8% |
| Trade debts | 44 | €379 | €3,365 | +€2,986 | +787.3% |
| Suppliers | 440/4 | €379 | €3,365 | +€2,986 | +787.3% |
| Taxes, remuneration and social security | 45 | €27,633 | €8,701 | -€18,932 | -68.5% |
| Taxes | 450/3 | €27,633 | €8,701 | -€18,932 | -68.5% |
| Other amounts payable | 47/48 | €816,845 | €781,087 | -€35,759 | -4.4% |
| Accrued charges and deferred income | 492/3 | €9,823 | €55,731 | +€45,909 | +467.4% |
| Non-recurring operating income | 76A | €0 | €2,587 | +€2,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,097 | €229,635 | -€62,462 | -21.4% |
| Other operating charges | 640/8 | €15,773 | €13,958 | -€1,815 | -11.5% |
| Gross operating margin | 9900 | €276,040 | €365,113 | +€89,074 | +32.3% |
| Operating profit (loss) | 9901 | -€31,831 | €121,520 | +€153,351 | |
| Financial income | 75/76B | €26,271 | €1,637 | -€24,634 | -93.8% |
| Recurring financial income | 75 | €26,271 | €1,637 | -€24,634 | -93.8% |
| Financial charges | 65/66B | €25,954 | €75,250 | +€49,296 | +189.9% |
| Recurring financial charges | 65 | €25,954 | €75,250 | +€49,296 | +189.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,514 | €47,907 | +€79,421 | |
| Transfer from deferred taxes | 780 | €2,270 | €2,270 | = | 0.0% |
| Income taxes | 67/77 | €44,848 | €40,717 | -€4,131 | -9.2% |
| Profit (loss) for the period | 9904 | -€74,093 | €9,460 | +€83,552 | |
| Transfer from tax-exempt reserves | 789 | €6,810 | €6,810 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,283 | €16,269 | +€83,552 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.