RESULTANCE BELGIUM: 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.
What changed
RESULTANCE BELGIUM
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,216
2024 · €2,960-€1,745
Equity
€9,280
2024 · €8,065+€1,216
Cash
€885
2024 · €1,233-€348
Balance sheet total
€1.7m
2024 · €1.4m+€324,162
Largest movements
Assets
- Receivables within one year +€289,306
up €289,306 (+21.5%), from €1.3m to €1.6m
of which Trade receivables: +€292,216
- Deferred charges and accrued income +€30,913
up €30,913 (+284%), from €10,878 to €41,792
Equity and liabilities
- Trade debts +€471,167
up €471,167 (+222%), from €212,008 to €683,176
- Current portion of long-term debt -€257,556
down €257,556 (-100%), from €257,556 to €0
- Accrued charges and deferred income +€87,984
new in 2025: €87,984
- Short-term financial debts +€37,310
up €37,310 (+76.9%), from €48,508 to €85,817
- Tax, wage and social debts -€23,290
down €23,290 (-6.4%), from €362,870 to €339,580
of which Remuneration and social security: -€57,547
Income statement
- Staff costs -€238,158
down €238,158 (-10.0%), from €2.4m to €2.1m
- Gross operating margin -€227,675
down €227,675 (-9.1%), from €2.5m to €2.3m
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.
Result 2024
€2,960
Gross operating margin
-€227,675
Staff costs
+€238,158
Depreciation
-€4,744
Other operating charges
+€924
Other operating items
+€3,614
Financial income
-€22
Financial charges
-€8,518
Taxes
-€3,482
Result 2025
€1,216
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€242,081
Investment
-€29,742
Financing
-€212,687
Cash 2024
€1,233
From operations (derived)
+€242,081
Net result for the year
+€1,216
Depreciation
+€25,451
Receivables within one year
-€289,306
Deferred charges and accrued income
-€30,913
Trade debts
+€471,167
Tax, wage and social debts
-€23,290
Other debts
-€227
Accrued charges and deferred income
+€87,984
Investment (derived)
-€29,742
Investment in fixed assets (net)
-€29,742
Financing
-€212,687
Debts after one year
+€7,560
Current portion of long-term debt
-€257,556
Short-term financial debts
+€37,310
Cash 2025
€885
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,393,217 | €1,717,379 | +€324,162 | +23.3% |
| Fixed assets | 21/28 | €35,937 | €40,228 | +€4,291 | +11.9% |
| Tangible fixed assets | 22/27 | €31,502 | €35,793 | +€4,291 | +13.6% |
| Plant, machinery and equipment | 23 | €28,069 | €34,127 | +€6,058 | +21.6% |
| Furniture and vehicles | 24 | €3,433 | €1,666 | -€1,767 | -51.5% |
| Financial fixed assets | 28 | €4,435 | €4,435 | = | 0.0% |
| Current assets | 29/58 | €1,357,280 | €1,677,151 | +€319,871 | +23.6% |
| Amounts receivable within one year | 40/41 | €1,345,168 | €1,634,474 | +€289,306 | +21.5% |
| Trade receivables | 40 | €1,339,925 | €1,632,141 | +€292,216 | +21.8% |
| Other amounts receivable | 41 | €5,243 | €2,333 | -€2,911 | -55.5% |
| Cash at bank and in hand | 54/58 | €1,233 | €885 | -€348 | -28.2% |
| Deferred charges and accrued income | 490/1 | €10,878 | €41,792 | +€30,913 | +284% |
| Total equity and liabilities | 10/49 | €1,393,217 | €1,717,379 | +€324,162 | +23.3% |
| Equity | 10/15 | €8,065 | €9,280 | +€1,216 | +15.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,435 | -€52,220 | +€1,216 | +2.3% |
| Amounts payable | 17/49 | €1,385,152 | €1,708,098 | +€322,946 | +23.3% |
| Amounts payable after more than one year | 17 | €503,982 | €511,542 | +€7,560 | +1.5% |
| Financial debts | 170/4 | €503,982 | €511,542 | +€7,560 | +1.5% |
| Amounts payable within one year | 42/48 | €881,170 | €1,108,573 | +€227,403 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €257,556 | €0 | -€257,556 | -100% |
| Financial debts | 43 | €48,508 | €85,817 | +€37,310 | +76.9% |
| Credit institutions | 430/8 | €48,508 | €85,817 | +€37,310 | +76.9% |
| Trade debts | 44 | €212,008 | €683,176 | +€471,167 | +222% |
| Suppliers | 440/4 | €212,008 | €683,176 | +€471,167 | +222% |
| Taxes, remuneration and social security | 45 | €362,870 | €339,580 | -€23,290 | -6.4% |
| Taxes | 450/3 | €129,688 | €163,945 | +€34,257 | +26.4% |
| Remuneration and social security | 454/9 | €233,182 | €175,635 | -€57,547 | -24.7% |
| Other amounts payable | 47/48 | €227 | €0 | -€227 | -100% |
| Accrued charges and deferred income | 492/3 | - | €87,984 | +€87,984 | |
| Remuneration, social security and pensions | 62 | €2,387,958 | €2,149,801 | -€238,158 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,707 | €25,451 | +€4,744 | +22.9% |
| Other operating charges | 640/8 | €3,210 | €2,286 | -€924 | -28.8% |
| Non-recurring operating charges | 66A | €3,614 | €0 | -€3,614 | -100% |
| Gross operating margin | 9900 | €2,492,707 | €2,265,032 | -€227,675 | -9.1% |
| Operating profit (loss) | 9901 | €77,217 | €87,494 | +€10,277 | +13.3% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100% |
| Non-recurring financial income | 76B | €22 | €0 | -€22 | -100% |
| Financial charges | 65/66B | €22,316 | €30,833 | +€8,518 | +38.2% |
| Recurring financial charges | 65 | €22,316 | €30,833 | +€8,518 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €54,923 | €56,660 | +€1,738 | +3.2% |
| Income taxes | 67/77 | €51,962 | €55,445 | +€3,482 | +6.7% |
| Profit (loss) for the period | 9904 | €2,960 | €1,216 | -€1,745 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,960 | €1,216 | -€1,745 | -58.9% |
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 26 October 2026 via checked.be.