REFLEXXIONS: what changed
What changed
REFLEXXIONS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€46,106
2024 · €25,342+€20,764
Equity
€248,742
2024 · €208,636+€40,106
Cash
€133,567
2024 · €58,073+€75,494
Balance sheet total
€687,492
2024 · €677,174+€10,318
Largest movements
Assets
- Cash +€75,494
up €75,494 (+130%), from €58,073 to €133,567
mainly Net result for the year (+€46,106) and Depreciation (+€40,765)
- Tangible fixed assets -€44,777
down €44,777 (-9.2%), from €487,239 to €442,462
of which Land and buildings: -€37,411
- Receivables within one year -€20,889
down €20,889 (-74.7%), from €27,963 to €7,075
of which Trade receivables: -€20,909
Equity and liabilities
- Reserves +€121,236
up €121,236 (+99.9%), from €121,306 to €242,542
of which Distributable reserves: +€121,236
- Profit (loss) carried forward -€81,130
down €81,130 (-100%), from €81,130 to €0
- Debts after one year -€34,003
down €34,003 (-9.4%), from €362,861 to €328,859
- Trade debts +€8,494
up €8,494 (+221%), from €3,840 to €12,335
- Tax, wage and social debts -€8,288
down €8,288 (-45.3%), from €18,314 to €10,025
Income statement
- Gross operating margin +€19,893
up €19,893 (+19.5%), from €102,026 to €121,920
- Taxes +€3,172
up €3,172 (+18.4%), from €17,196 to €20,368
- Depreciation -€2,761
down €2,761 (-6.3%), from €43,525 to €40,765
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,342
Gross operating margin
+€19,893
Depreciation
+€2,761
Other operating charges
+€297
Financial income
+€95
Financial charges
+€891
Taxes
-€3,172
Result 2025
€46,106
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€112,918
Investment
+€2,012
Financing
-€39,436
Cash 2024
€58,073
From operations (derived)
+€112,918
Net result for the year
+€46,106
Depreciation
+€40,765
Receivables within one year
+€20,889
Deferred charges and accrued income
+€1,511
Trade debts
+€8,494
Tax, wage and social debts
-€8,288
Other debts
+€1,531
Accrued charges and deferred income
+€1,911
Investment (derived)
+€2,012
Investment in fixed assets (net)
+€4,012
Current investments
-€2,000
Financing
-€39,436
Debts after one year
-€34,003
Current portion of long-term debt
+€567
Contributions, distributions and other
-€6,000
Cash 2025
€133,567
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,174 | €687,492 | +€10,318 | +1.5% |
| Fixed assets | 21/28 | €487,239 | €442,462 | -€44,777 | -9.2% |
| Tangible fixed assets | 22/27 | €487,239 | €442,462 | -€44,777 | -9.2% |
| Land and buildings | 22 | €477,932 | €440,522 | -€37,411 | -7.8% |
| Plant, machinery and equipment | 23 | €157 | €0 | -€157 | -100% |
| Furniture and vehicles | 24 | €8,845 | €1,917 | -€6,928 | -78.3% |
| Other tangible fixed assets | 26 | €304 | €23 | -€281 | -92.3% |
| Current assets | 29/58 | €189,935 | €245,030 | +€55,094 | +29.0% |
| Amounts receivable within one year | 40/41 | €27,963 | €7,075 | -€20,889 | -74.7% |
| Trade receivables | 40 | €27,963 | €7,054 | -€20,909 | -74.8% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Current investments | 50/53 | €102,000 | €104,000 | +€2,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €58,073 | €133,567 | +€75,494 | +130% |
| Deferred charges and accrued income | 490/1 | €1,899 | €388 | -€1,511 | -79.6% |
| Total equity and liabilities | 10/49 | €677,174 | €687,492 | +€10,318 | +1.5% |
| Equity | 10/15 | €208,636 | €248,742 | +€40,106 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,306 | €242,542 | +€121,236 | +99.9% |
| Tax-exempt reserves | 132 | €29,309 | €29,309 | = | 0.0% |
| Distributable reserves | 133 | €91,997 | €213,234 | +€121,236 | +132% |
| Profit (loss) carried forward | 14 | €81,130 | €0 | -€81,130 | -100% |
| Provisions and deferred taxes | 16 | €12,945 | €12,945 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,945 | €12,945 | = | 0.0% |
| Major repairs and maintenance | 162 | €12,945 | €12,945 | = | 0.0% |
| Amounts payable | 17/49 | €455,593 | €425,804 | -€29,788 | -6.5% |
| Amounts payable after more than one year | 17 | €362,861 | €328,859 | -€34,003 | -9.4% |
| Financial debts | 170/4 | €362,861 | €328,859 | -€34,003 | -9.4% |
| Amounts payable within one year | 42/48 | €89,817 | €92,121 | +€2,304 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €33,436 | €34,003 | +€567 | +1.7% |
| Trade debts | 44 | €3,840 | €12,335 | +€8,494 | +221% |
| Suppliers | 440/4 | €3,840 | €12,335 | +€8,494 | +221% |
| Taxes, remuneration and social security | 45 | €18,314 | €10,025 | -€8,288 | -45.3% |
| Taxes | 450/3 | €18,314 | €10,025 | -€8,288 | -45.3% |
| Other amounts payable | 47/48 | €34,228 | €35,758 | +€1,531 | +4.5% |
| Accrued charges and deferred income | 492/3 | €2,914 | €4,825 | +€1,911 | +65.6% |
| Non-recurring operating income | 76A | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,525 | €40,765 | -€2,761 | -6.3% |
| Other operating charges | 640/8 | €4,499 | €4,202 | -€297 | -6.6% |
| Gross operating margin | 9900 | €102,026 | €121,920 | +€19,893 | +19.5% |
| Operating profit (loss) | 9901 | €54,002 | €76,953 | +€22,951 | +42.5% |
| Financial income | 75/76B | €1,590 | €1,685 | +€95 | +6.0% |
| Recurring financial income | 75 | €1,590 | €1,685 | +€95 | +6.0% |
| Financial charges | 65/66B | €13,054 | €12,163 | -€891 | -6.8% |
| Recurring financial charges | 65 | €13,054 | €12,163 | -€891 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €42,538 | €66,474 | +€23,936 | +56.3% |
| Income taxes | 67/77 | €17,196 | €20,368 | +€3,172 | +18.4% |
| Profit (loss) for the period | 9904 | €25,342 | €46,106 | +€20,764 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,342 | €46,106 | +€20,764 | +81.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.