Sermon Consulting: 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.
Sermon Consulting
Largest movements
- Cash +€41,407
up €41,407 (+108%), from €38,302 to €79,708
mainly Net result for the year (+€45,506) and Depreciation (+€19,275)
- Tangible fixed assets -€19,275
down €19,275 (-5.4%), from €355,332 to €336,056
of which Land and buildings: -€10,008
- Debts after one year -€24,761
down €24,761 (-10.7%), from €231,012 to €206,251
- Reserves +€21,708
up €21,708 (+16.5%), from €131,429 to €153,138
of which Distributable reserves: +€21,708
- Other debts +€11,809
up €11,809 (+67.5%), from €17,501 to €29,310
- Trade debts +€6,793
up €6,793 (+1,314%), from €517 to €7,310
- Tax, wage and social debts +€6,407
up €6,407 (+37.5%), from €17,066 to €23,473
of which Remuneration and social security: +€4,506
- Gross operating margin +€10,934
up €10,934 (+10.7%), from €102,020 to €112,955
- Taxes +€3,164
up €3,164 (+21.6%), from €14,637 to €17,801
- Staff costs +€1,226
up €1,226 (+6.7%), from €18,277 to €19,503
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,908 | €456,693 | +€22,785 | +5.3% |
| Fixed assets | 21/28 | €355,332 | €336,056 | -€19,275 | -5.4% |
| Tangible fixed assets | 22/27 | €355,332 | €336,056 | -€19,275 | -5.4% |
| Land and buildings | 22 | €330,158 | €320,151 | -€10,008 | -3.0% |
| Plant, machinery and equipment | 23 | €1,536 | €784 | -€752 | -48.9% |
| Furniture and vehicles | 24 | €23,638 | €15,121 | -€8,516 | -36.0% |
| Current assets | 29/58 | €78,576 | €120,637 | +€42,060 | +53.5% |
| Amounts receivable within one year | 40/41 | €18,390 | €19,032 | +€642 | +3.5% |
| Trade receivables | 40 | €18,390 | €19,032 | +€642 | +3.5% |
| Current investments | 50/53 | €20,613 | €20,679 | +€66 | +0.3% |
| Cash at bank and in hand | 54/58 | €38,302 | €79,708 | +€41,407 | +108% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,217 | -€55 | -4.3% |
| Total equity and liabilities | 10/49 | €433,908 | €456,693 | +€22,785 | +5.3% |
| Equity | 10/15 | €143,829 | €165,538 | +€21,708 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,429 | €153,138 | +€21,708 | +16.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,569 | €151,278 | +€21,708 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,079 | €291,155 | +€1,076 | +0.4% |
| Amounts payable after more than one year | 17 | €231,012 | €206,251 | -€24,761 | -10.7% |
| Financial debts | 170/4 | €231,012 | €206,251 | -€24,761 | -10.7% |
| Amounts payable within one year | 42/48 | €59,017 | €84,854 | +€25,837 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €23,933 | €24,761 | +€828 | +3.5% |
| Trade debts | 44 | €517 | €7,310 | +€6,793 | +1,314% |
| Suppliers | 440/4 | €517 | €7,310 | +€6,793 | +1,314% |
| Taxes, remuneration and social security | 45 | €17,066 | €23,473 | +€6,407 | +37.5% |
| Taxes | 450/3 | €14,616 | €16,517 | +€1,901 | +13.0% |
| Remuneration and social security | 454/9 | €2,450 | €6,956 | +€4,506 | +184% |
| Other amounts payable | 47/48 | €17,501 | €29,310 | +€11,809 | +67.5% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €18,277 | €19,503 | +€1,226 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,769 | €19,275 | -€494 | -2.5% |
| Other operating charges | 640/8 | €3,508 | €3,693 | +€185 | +5.3% |
| Gross operating margin | 9900 | €102,020 | €112,955 | +€10,934 | +10.7% |
| Operating profit (loss) | 9901 | €60,466 | €70,483 | +€10,018 | +16.6% |
| Financial income | 75/76B | €133 | €95 | -€38 | -28.5% |
| Recurring financial income | 75 | €133 | €95 | -€38 | -28.5% |
| Financial charges | 65/66B | €8,045 | €7,271 | -€774 | -9.6% |
| Recurring financial charges | 65 | €8,045 | €7,271 | -€774 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €52,553 | €63,307 | +€10,754 | +20.5% |
| Income taxes | 67/77 | €14,637 | €17,801 | +€3,164 | +21.6% |
| Profit (loss) for the period | 9904 | €37,916 | €45,506 | +€7,590 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,916 | €45,506 | +€7,590 | +20.0% |
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 22 October 2026 via checked.be.