RELIANCE CONSULTANTS: 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.
RELIANCE CONSULTANTS
Largest movements
- Cash -€156,309
down €156,309 (-55.4%), from €282,227 to €125,918
mainly Other debts (-€269,174) and Investment in fixed assets (net) (-€124,685)
- Tangible fixed assets +€60,421
up €60,421 (+16.5%), from €365,254 to €425,676
of which Land and buildings: +€65,903
- Receivables within one year +€19,614
up €19,614 (+30.0%), from €65,342 to €84,957
of which Trade receivables: +€24,811
- Other debts -€269,174
down €269,174 (-54.9%), from €490,723 to €221,550
- Profit (loss) carried forward +€144,139
up €144,139 (+25.6%), from -€564,135 to -€419,996
- Trade debts +€42,004
up €42,004 (+183%), from €22,928 to €64,932
- Gross operating margin -€35,704
down €35,704 (-14.4%), from €247,985 to €212,281
- Staff costs -€31,870
no longer reported in 2025 (was €31,870)
- Depreciation -€8,030
down €8,030 (-11.1%), from €72,229 to €64,199
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 | €716,603 | €637,418 | -€79,185 | -11.1% |
| Fixed assets | 21/28 | €365,504 | €425,991 | +€60,486 | +16.5% |
| Tangible fixed assets | 22/27 | €365,254 | €425,676 | +€60,421 | +16.5% |
| Land and buildings | 22 | €187,547 | €253,450 | +€65,903 | +35.1% |
| Plant, machinery and equipment | 23 | €2,258 | €3,949 | +€1,691 | +74.9% |
| Furniture and vehicles | 24 | €34,330 | €32,677 | -€1,653 | -4.8% |
| Other tangible fixed assets | 26 | €141,119 | €135,600 | -€5,520 | -3.9% |
| Financial fixed assets | 28 | €250 | €315 | +€65 | +26.0% |
| Current assets | 29/58 | €351,098 | €211,427 | -€139,671 | -39.8% |
| Amounts receivable within one year | 40/41 | €65,342 | €84,957 | +€19,614 | +30.0% |
| Trade receivables | 40 | €59,984 | €84,795 | +€24,811 | +41.4% |
| Other amounts receivable | 41 | €5,358 | €162 | -€5,196 | -97.0% |
| Cash at bank and in hand | 54/58 | €282,227 | €125,918 | -€156,309 | -55.4% |
| Deferred charges and accrued income | 490/1 | €3,529 | €553 | -€2,976 | -84.3% |
| Total equity and liabilities | 10/49 | €716,603 | €637,418 | -€79,185 | -11.1% |
| Equity | 10/15 | -€551,735 | -€407,596 | +€144,139 | +26.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€564,135 | -€419,996 | +€144,139 | +25.6% |
| Amounts payable | 17/49 | €1,268,338 | €1,045,014 | -€223,324 | -17.6% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €518,338 | €295,014 | -€223,324 | -43.1% |
| Trade debts | 44 | €22,928 | €64,932 | +€42,004 | +183% |
| Suppliers | 440/4 | €22,928 | €64,932 | +€42,004 | +183% |
| Taxes, remuneration and social security | 45 | €4,687 | €8,532 | +€3,846 | +82.1% |
| Taxes | 450/3 | €4,687 | €3,932 | -€754 | -16.1% |
| Remuneration and social security | 454/9 | - | €4,600 | +€4,600 | |
| Other amounts payable | 47/48 | €490,723 | €221,550 | -€269,174 | -54.9% |
| Remuneration, social security and pensions | 62 | €31,870 | - | -€31,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,229 | €64,199 | -€8,030 | -11.1% |
| Other operating charges | 640/8 | €7,025 | €8,762 | +€1,737 | +24.7% |
| Gross operating margin | 9900 | €247,985 | €212,281 | -€35,704 | -14.4% |
| Operating profit (loss) | 9901 | €136,861 | €139,320 | +€2,460 | +1.8% |
| Financial income | 75/76B | €5,262 | €5,403 | +€142 | +2.7% |
| Recurring financial income | 75 | €4,376 | €613 | -€3,762 | -86.0% |
| Non-recurring financial income | 76B | €886 | €4,790 | +€3,904 | +441% |
| Financial charges | 65/66B | €774 | €402 | -€372 | -48.0% |
| Recurring financial charges | 65 | €774 | €402 | -€372 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €141,348 | €144,321 | +€2,973 | +2.1% |
| Income taxes | 67/77 | €76 | €182 | +€106 | +139% |
| Profit (loss) for the period | 9904 | €141,272 | €144,139 | +€2,867 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,272 | €144,139 | +€2,867 | +2.0% |
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 26 October 2026 via checked.be.