S-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.
S-CONSULT
Largest movements
- Cash -€239,676
down €239,676 (-60.2%), from €398,368 to €158,692
mainly Contributions, distributions and other (-€462,000) and Trade debts (-€7,160)
- Receivables within one year -€52,459
down €52,459 (-52.4%), from €100,064 to €47,605
of which Trade receivables: -€28,916
- Tangible fixed assets -€11,812
down €11,812 (-32.9%), from €35,887 to €24,075
- Reserves -€330,156
down €330,156 (-54.6%), from €604,172 to €274,016
- Other debts +€33,906
up €33,906 (+8.4%), from €401,329 to €435,235
- Gross operating margin +€107,109
up €107,109 (+75.1%), from €142,601 to €249,710
- Taxes +€35,923
up €35,923 (+114.6%), from €31,348 to €67,271
- Depreciation -€12,438
down €12,438 (-51.3%), from €24,250 to €11,812
- Staff costs +€2,514
up €2,514 (+5.6%), from €44,519 to €47,033
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 | €1,058,817 | €755,021 | -€303,796 | -28.7% |
| Fixed assets | 21/28 | €35,887 | €24,075 | -€11,812 | -32.9% |
| Tangible fixed assets | 22/27 | €35,887 | €24,075 | -€11,812 | -32.9% |
| Furniture and vehicles | 24 | €35,887 | €24,075 | -€11,812 | -32.9% |
| Current assets | 29/58 | €1,022,930 | €730,946 | -€291,984 | -28.5% |
| Amounts receivable within one year | 40/41 | €100,064 | €47,605 | -€52,459 | -52.4% |
| Trade receivables | 40 | €38,697 | €9,781 | -€28,916 | -74.7% |
| Other amounts receivable | 41 | €61,367 | €37,824 | -€23,543 | -38.4% |
| Current investments | 50/53 | €522,755 | €522,755 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €398,368 | €158,692 | -€239,676 | -60.2% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,894 | +€151 | +8.7% |
| Total equity and liabilities | 10/49 | €1,058,817 | €755,021 | -€303,796 | -28.7% |
| Equity | 10/15 | €622,772 | €292,616 | -€330,156 | -53.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €604,172 | €274,016 | -€330,156 | -54.6% |
| Distributable reserves | 133 | €604,172 | €274,016 | -€330,156 | -54.6% |
| Amounts payable | 17/49 | €436,045 | €462,405 | +€26,360 | +6.0% |
| Amounts payable within one year | 42/48 | €436,045 | €462,405 | +€26,360 | +6.0% |
| Trade debts | 44 | €21,643 | €14,483 | -€7,160 | -33.1% |
| Suppliers | 440/4 | €21,643 | €14,483 | -€7,160 | -33.1% |
| Taxes, remuneration and social security | 45 | €13,073 | €12,687 | -€386 | -3.0% |
| Taxes | 450/3 | €7,861 | €7,289 | -€572 | -7.3% |
| Remuneration and social security | 454/9 | €5,212 | €5,398 | +€186 | +3.6% |
| Other amounts payable | 47/48 | €401,329 | €435,235 | +€33,906 | +8.4% |
| Non-recurring operating income | 76A | €175,515 | - | -€175,515 | |
| Remuneration, social security and pensions | 62 | €44,519 | €47,033 | +€2,514 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,250 | €11,812 | -€12,438 | -51.3% |
| Other operating charges | 640/8 | €3,579 | €1,130 | -€2,449 | -68.4% |
| Gross operating margin | 9900 | €142,601 | €249,710 | +€107,109 | +75.1% |
| Operating profit (loss) | 9901 | €70,253 | €189,735 | +€119,482 | +170.1% |
| Financial income | 75/76B | €11,435 | €10,620 | -€815 | -7.1% |
| Recurring financial income | 75 | €11,435 | €10,620 | -€815 | -7.1% |
| Financial charges | 65/66B | €1,641 | €1,240 | -€401 | -24.4% |
| Recurring financial charges | 65 | €1,641 | €1,240 | -€401 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €80,047 | €199,115 | +€119,068 | +148.7% |
| Income taxes | 67/77 | €31,348 | €67,271 | +€35,923 | +114.6% |
| Profit (loss) for the period | 9904 | €48,699 | €131,844 | +€83,145 | +170.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,699 | €131,844 | +€83,145 | +170.7% |
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 11 October 2026 via checked.be.