S & A CONSULT: 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
S & A CONSULT
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€193,108
2024 · €158,496+€34,612
Equity
€778,217
2024 · €719,844+€58,373
Cash
€25,153
2024 · €13,297+€11,856
Balance sheet total
€2.2m
2024 · €1.6m+€594,253
Largest movements
Assets
- Tangible fixed assets +€582,921
up €582,921 (+44.7%), from €1.3m to €1.9m
of which Land and buildings: +€575,603
Equity and liabilities
- Debts after one year +€441,445
up €441,445 (+62.9%), from €702,370 to €1.1m
- Reserves +€58,373
up €58,373 (+8.4%), from €691,844 to €750,217
of which Tax-exempt reserves: +€84,200
- Other debts +€55,449
up €55,449 (+54.1%), from €102,513 to €157,962
- Current portion of long-term debt +€52,503
up €52,503 (+76.2%), from €68,885 to €121,388
Income statement
- Gross operating margin +€87,951
up €87,951 (+29.1%), from €302,072 to €390,023
- Depreciation +€38,542
up €38,542 (+80.7%), from €47,774 to €86,316
- Financial charges +€10,313
up €10,313 (+48.3%), from €21,358 to €31,671
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
€158,496
Gross operating margin
+€87,951
Depreciation
-€38,542
Other operating charges
-€1,592
Financial income
+€3
Financial charges
-€10,313
Taxes
-€2,895
Result 2025
€193,108
raises the resultlowers the result
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
+€325,869
Investment
-€673,225
Financing
+€359,212
Cash 2024
€13,297
From operations (derived)
+€325,869
Net result for the year
+€193,108
Depreciation
+€86,316
Receivables within one year
+€1,774
Deferred charges and accrued income
+€2,739
Trade debts
-€889
Tax, wage and social debts
-€17,388
Other debts
+€55,449
Accrued charges and deferred income
+€4,760
Investment (derived)
-€673,225
Investment in fixed assets (net)
-€673,225
Financing
+€359,212
Debts after one year
+€441,445
Current portion of long-term debt
+€52,503
Contributions, distributions and other
-€134,735
Cash 2025
€25,153
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,642,687 | €2,236,939 | +€594,253 | +36.2% |
| Fixed assets | 21/28 | €1,488,467 | €2,075,376 | +€586,909 | +39.4% |
| Tangible fixed assets | 22/27 | €1,305,467 | €1,888,388 | +€582,921 | +44.7% |
| Land and buildings | 22 | €1,284,512 | €1,860,114 | +€575,603 | +44.8% |
| Plant, machinery and equipment | 23 | €17,712 | €14,616 | -€3,096 | -17.5% |
| Furniture and vehicles | 24 | - | €10,897 | +€10,897 | |
| Other tangible fixed assets | 26 | €3,243 | €2,760 | -€483 | -14.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €183,000 | €186,988 | +€3,988 | +2.2% |
| Current assets | 29/58 | €154,220 | €161,563 | +€7,344 | +4.8% |
| Amounts receivable within one year | 40/41 | €138,184 | €136,411 | -€1,774 | -1.3% |
| Trade receivables | 40 | €26,250 | €0 | -€26,250 | -100% |
| Other amounts receivable | 41 | €111,934 | €136,411 | +€24,476 | +21.9% |
| Cash at bank and in hand | 54/58 | €13,297 | €25,153 | +€11,856 | +89.2% |
| Deferred charges and accrued income | 490/1 | €2,739 | €0 | -€2,739 | -100% |
| Total equity and liabilities | 10/49 | €1,642,687 | €2,236,939 | +€594,253 | +36.2% |
| Equity | 10/15 | €719,844 | €778,217 | +€58,373 | +8.1% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €691,844 | €750,217 | +€58,373 | +8.4% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €691,844 | €666,017 | -€25,827 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €922,842 | €1,458,722 | +€535,880 | +58.1% |
| Amounts payable after more than one year | 17 | €702,370 | €1,143,815 | +€441,445 | +62.9% |
| Financial debts | 170/4 | €702,370 | €1,143,815 | +€441,445 | +62.9% |
| Amounts payable within one year | 42/48 | €219,467 | €309,142 | +€89,675 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €68,885 | €121,388 | +€52,503 | +76.2% |
| Trade debts | 44 | €7,793 | €6,904 | -€889 | -11.4% |
| Suppliers | 440/4 | €7,793 | €6,904 | -€889 | -11.4% |
| Taxes, remuneration and social security | 45 | €40,276 | €22,888 | -€17,388 | -43.2% |
| Taxes | 450/3 | €40,276 | €22,888 | -€17,388 | -43.2% |
| Other amounts payable | 47/48 | €102,513 | €157,962 | +€55,449 | +54.1% |
| Accrued charges and deferred income | 492/3 | €1,005 | €5,765 | +€4,760 | +474% |
| Non-recurring operating income | 76A | €7,433 | €0 | -€7,433 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,774 | €86,316 | +€38,542 | +80.7% |
| Other operating charges | 640/8 | €5,629 | €7,221 | +€1,592 | +28.3% |
| Gross operating margin | 9900 | €302,072 | €390,023 | +€87,951 | +29.1% |
| Operating profit (loss) | 9901 | €248,669 | €296,486 | +€47,816 | +19.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +13,400% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +13,400% |
| Financial charges | 65/66B | €21,358 | €31,671 | +€10,313 | +48.3% |
| Recurring financial charges | 65 | €21,358 | €31,671 | +€10,313 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €227,311 | €264,817 | +€37,507 | +16.5% |
| Income taxes | 67/77 | €68,814 | €71,709 | +€2,895 | +4.2% |
| Profit (loss) for the period | 9904 | €158,496 | €193,108 | +€34,612 | +21.8% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,496 | €108,908 | -€49,588 | -31.3% |
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 14 October 2026 via checked.be.