"S" Consults: what changed
"S" Consults
Largest movements
- Cash -€357,049
down €357,049 (-90.1%), from €396,119 to €39,070
mainly Current investments (-€184,892) and Other debts (-€88,139)
- Current investments +€184,892
up €184,892 (+33.5%), from €552,165 to €737,056
- Tangible fixed assets -€64,093
down €64,093 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€85,847
- Receivables after one year +€50,000
new in 2025: €50,000
- Other debts -€88,139
down €88,139 (-6.2%), from €1.4m to €1.3m
- Reserves -€70,603
down €70,603 (-4.8%), from €1.5m to €1.4m
of which Distributable reserves: -€70,603
- Financial income -€143,522
down €143,522 (-83.5%), from €171,913 to €28,392
of which Non-recurring financial income: -€137,114
- Financial charges +€37,024
up €37,024, from -€26,896 to €10,129
of which Financial charges: +€37,024
- Gross operating margin +€12,045
up €12,045 (+15.5%), from €77,869 to €89,914
- Taxes -€9,198
down €9,198 (-95.9%), from €9,594 to €397
- Depreciation +€1,624
up €1,624 (+1.3%), from €129,828 to €131,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,971,446 | €2,803,537 | -€167,909 | -5.7% |
| Fixed assets | 21/28 | €2,014,522 | €1,968,231 | -€46,292 | -2.3% |
| Tangible fixed assets | 22/27 | €1,554,255 | €1,490,162 | -€64,093 | -4.1% |
| Land and buildings | 22 | €1,516,991 | €1,431,143 | -€85,847 | -5.7% |
| Plant, machinery and equipment | 23 | €626 | €301 | -€325 | -51.9% |
| Furniture and vehicles | 24 | €36,638 | €58,717 | +€22,079 | +60.3% |
| Financial fixed assets | 28 | €460,268 | €478,069 | +€17,801 | +3.9% |
| Current assets | 29/58 | €956,923 | €835,306 | -€121,618 | -12.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €2,055 | €1,958 | -€97 | -4.7% |
| Trade receivables | 40 | €965 | €0 | -€965 | -100% |
| Other amounts receivable | 41 | €1,090 | €1,958 | +€868 | +79.6% |
| Current investments | 50/53 | €552,165 | €737,056 | +€184,892 | +33.5% |
| Cash at bank and in hand | 54/58 | €396,119 | €39,070 | -€357,049 | -90.1% |
| Deferred charges and accrued income | 490/1 | €6,585 | €7,222 | +€637 | +9.7% |
| Total equity and liabilities | 10/49 | €2,971,446 | €2,803,537 | -€167,909 | -5.7% |
| Equity | 10/15 | €1,533,921 | €1,463,318 | -€70,603 | -4.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,459,553 | €1,388,950 | -€70,603 | -4.8% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €1,452,116 | €1,381,513 | -€70,603 | -4.9% |
| Amounts payable | 17/49 | €1,437,525 | €1,340,219 | -€97,306 | -6.8% |
| Amounts payable within one year | 42/48 | €1,437,525 | €1,340,219 | -€97,306 | -6.8% |
| Financial debts | 43 | €0 | €68 | +€68 | |
| Credit institutions | 430/8 | €0 | €68 | +€68 | |
| Trade debts | 44 | €3,775 | €1,298 | -€2,477 | -65.6% |
| Suppliers | 440/4 | €3,775 | €1,298 | -€2,477 | -65.6% |
| Taxes, remuneration and social security | 45 | €8,259 | €1,502 | -€6,757 | -81.8% |
| Taxes | 450/3 | €4,756 | €0 | -€4,756 | -100% |
| Remuneration and social security | 454/9 | €3,503 | €1,502 | -€2,001 | -57.1% |
| Other amounts payable | 47/48 | €1,425,490 | €1,337,351 | -€88,139 | -6.2% |
| Remuneration, social security and pensions | 62 | €18,700 | €19,626 | +€926 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,828 | €131,452 | +€1,624 | +1.3% |
| Other operating charges | 640/8 | €25,827 | €27,305 | +€1,479 | +5.7% |
| Gross operating margin | 9900 | €77,869 | €89,914 | +€12,045 | +15.5% |
| Operating profit (loss) | 9901 | -€96,486 | -€88,470 | +€8,016 | +8.3% |
| Financial income | 75/76B | €171,913 | €28,392 | -€143,522 | -83.5% |
| Recurring financial income | 75 | €16,998 | €10,590 | -€6,408 | -37.7% |
| Non-recurring financial income | 76B | €154,915 | €17,801 | -€137,114 | -88.5% |
| Financial charges | 65/66B | -€26,896 | €10,129 | +€37,024 | |
| Recurring financial charges | 65 | -€26,896 | €10,129 | +€37,024 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €102,323 | -€70,207 | -€172,530 | |
| Income taxes | 67/77 | €9,594 | €397 | -€9,198 | -95.9% |
| Profit (loss) for the period | 9904 | €92,729 | -€70,603 | -€163,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,729 | -€70,603 | -€163,332 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.