Reflector 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.
Reflector Consulting
Largest movements
- Receivables within one year -€36,031
down €36,031 (-26.3%), from €137,206 to €101,175
of which Trade receivables: -€36,601
- Current investments +€27,220
up €27,220 (+13.6%), from €200,524 to €227,744
- Tangible fixed assets -€14,440
down €14,440 (-29.6%), from €48,749 to €34,308
of which Furniture and vehicles: -€12,442
- Reserves -€13,537
down €13,537 (-2.5%), from €551,192 to €537,655
- Tax, wage and social debts -€5,850
down €5,850 (-60.4%), from €9,687 to €3,837
- Gross operating margin -€28,129
down €28,129 (-23.5%), from €119,735 to €91,606
- Taxes -€6,709
down €6,709 (-22.8%), from €29,479 to €22,770
- Depreciation -€3,594
down €3,594 (-18.9%), from €19,061 to €15,468
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 | €583,991 | €563,224 | -€20,767 | -3.6% |
| Fixed assets | 21/28 | €48,749 | €34,308 | -€14,440 | -29.6% |
| Tangible fixed assets | 22/27 | €48,749 | €34,308 | -€14,440 | -29.6% |
| Plant, machinery and equipment | 23 | €6,335 | €4,337 | -€1,998 | -31.5% |
| Furniture and vehicles | 24 | €42,414 | €29,971 | -€12,442 | -29.3% |
| Current assets | 29/58 | €535,242 | €528,916 | -€6,327 | -1.2% |
| Stocks and contracts in progress | 3 | €39,314 | €39,975 | +€661 | +1.7% |
| Contracts in progress | 37 | €39,314 | €39,975 | +€661 | +1.7% |
| Amounts receivable within one year | 40/41 | €137,206 | €101,175 | -€36,031 | -26.3% |
| Trade receivables | 40 | €113,823 | €77,222 | -€36,601 | -32.2% |
| Other amounts receivable | 41 | €23,383 | €23,953 | +€570 | +2.4% |
| Current investments | 50/53 | €200,524 | €227,744 | +€27,220 | +13.6% |
| Cash at bank and in hand | 54/58 | €149,725 | €152,923 | +€3,198 | +2.1% |
| Deferred charges and accrued income | 490/1 | €8,473 | €7,099 | -€1,374 | -16.2% |
| Total equity and liabilities | 10/49 | €583,991 | €563,224 | -€20,767 | -3.6% |
| Equity | 10/15 | €566,192 | €552,655 | -€13,537 | -2.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €551,192 | €537,655 | -€13,537 | -2.5% |
| Distributable reserves | 133 | €551,192 | €537,655 | -€13,537 | -2.5% |
| Amounts payable | 17/49 | €17,799 | €10,569 | -€7,230 | -40.6% |
| Amounts payable within one year | 42/48 | €17,799 | €10,569 | -€7,230 | -40.6% |
| Trade debts | 44 | €5,171 | €3,725 | -€1,446 | -28.0% |
| Suppliers | 440/4 | €5,171 | €3,725 | -€1,446 | -28.0% |
| Taxes, remuneration and social security | 45 | €9,687 | €3,837 | -€5,850 | -60.4% |
| Taxes | 450/3 | €9,687 | €3,837 | -€5,850 | -60.4% |
| Other amounts payable | 47/48 | €2,942 | €3,007 | +€66 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,061 | €15,468 | -€3,594 | -18.9% |
| Gross operating margin | 9900 | €119,735 | €91,606 | -€28,129 | -23.5% |
| Operating profit (loss) | 9901 | €100,673 | €76,138 | -€24,535 | -24.4% |
| Financial income | 75/76B | €12,591 | €12,390 | -€201 | -1.6% |
| Recurring financial income | 75 | €12,591 | €12,390 | -€201 | -1.6% |
| Financial charges | 65/66B | €69 | €356 | +€287 | +414% |
| Recurring financial charges | 65 | €69 | €356 | +€287 | +414% |
| Profit (loss) for the period before taxes | 9903 | €113,195 | €88,172 | -€25,023 | -22.1% |
| Income taxes | 67/77 | €29,479 | €22,770 | -€6,709 | -22.8% |
| Profit (loss) for the period | 9904 | €83,716 | €65,402 | -€18,313 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,716 | €65,402 | -€18,313 | -21.9% |
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 25 October 2026 via checked.be.