S - CONSULT: what changed
Two fiscal 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.
S - CONSULT
Largest movements
- Current investments -€304,937
no longer reported in 2025 (was €304,937)
- Cash +€178,254
up €178,254 (+224.1%), from €79,532 to €257,786
mainly Current investments (+€304,937) and Net result for the year (+€88,229)
- Tangible fixed assets -€28,399
down €28,399 (-9.6%), from €294,581 to €266,182
of which Land and buildings: -€28,399
- Reserves -€234,142
down €234,142 (-45.4%), from €515,956 to €281,814
- Other debts +€80,893
up €80,893 (+57.3%), from €141,085 to €221,977
- Current portion of long-term debt -€10,400
no longer reported in 2025 (was €10,400)
- Financial income +€26,775
up €26,775 (+257.3%), from €10,406 to €37,181
- Taxes +€8,237
up €8,237 (+35.6%), from €23,148 to €31,385
- Gross operating margin +€4,579
up €4,579 (+3.9%), from €116,762 to €121,340
- Financial charges -€2,359
down €2,359 (-34.2%), from €6,898 to €4,539
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.
Cash bridge derived
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 | €707,634 | €546,982 | -€160,652 | -22.7% |
| Fixed assets | 21/28 | €295,581 | €267,182 | -€28,399 | -9.6% |
| Tangible fixed assets | 22/27 | €294,581 | €266,182 | -€28,399 | -9.6% |
| Land and buildings | 22 | €294,581 | €266,182 | -€28,399 | -9.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €412,053 | €279,800 | -€132,253 | -32.1% |
| Amounts receivable within one year | 40/41 | €27,053 | €20,934 | -€6,119 | -22.6% |
| Trade receivables | 40 | €16,033 | €20,934 | +€4,902 | +30.6% |
| Other amounts receivable | 41 | €11,020 | - | -€11,020 | |
| Current investments | 50/53 | €304,937 | - | -€304,937 | |
| Cash at bank and in hand | 54/58 | €79,532 | €257,786 | +€178,254 | +224.1% |
| Deferred charges and accrued income | 490/1 | €530 | €1,079 | +€549 | +103.5% |
| Total equity and liabilities | 10/49 | €707,634 | €546,982 | -€160,652 | -22.7% |
| Equity | 10/15 | €534,556 | €300,414 | -€234,142 | -43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €515,956 | €281,814 | -€234,142 | -45.4% |
| Distributable reserves | 133 | €515,956 | €281,814 | -€234,142 | -45.4% |
| Amounts payable | 17/49 | €173,079 | €246,568 | +€73,490 | +42.5% |
| Amounts payable within one year | 42/48 | €166,017 | €242,605 | +€76,588 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €10,400 | - | -€10,400 | |
| Trade debts | 44 | €51 | €1,767 | +€1,716 | +3360.4% |
| Suppliers | 440/4 | €51 | €1,767 | +€1,716 | +3360.4% |
| Taxes, remuneration and social security | 45 | €14,482 | €18,861 | +€4,379 | +30.2% |
| Taxes | 450/3 | €14,482 | €18,861 | +€4,379 | +30.2% |
| Other amounts payable | 47/48 | €141,085 | €221,977 | +€80,893 | +57.3% |
| Accrued charges and deferred income | 492/3 | €7,061 | €3,963 | -€3,098 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,399 | €28,399 | = | 0.0% |
| Other operating charges | 640/8 | €6,502 | €5,970 | -€532 | -8.2% |
| Gross operating margin | 9900 | €116,762 | €121,340 | +€4,579 | +3.9% |
| Operating profit (loss) | 9901 | €81,861 | €86,972 | +€5,111 | +6.2% |
| Financial income | 75/76B | €10,406 | €37,181 | +€26,775 | +257.3% |
| Recurring financial income | 75 | €10,406 | €37,181 | +€26,775 | +257.3% |
| Financial charges | 65/66B | €6,898 | €4,539 | -€2,359 | -34.2% |
| Recurring financial charges | 65 | €6,898 | €4,539 | -€2,359 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €85,369 | €119,614 | +€34,245 | +40.1% |
| Income taxes | 67/77 | €23,148 | €31,385 | +€8,237 | +35.6% |
| Profit (loss) for the period | 9904 | €62,222 | €88,229 | +€26,008 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,222 | €88,229 | +€26,008 | +41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.