SHARPEN UP: what changed
What changed
SHARPEN UP
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€83,671
2024 · €36,652+€47,019
Equity
€254,620
2024 · €183,448+€71,171
Cash
€17,017
2024 · €2,516+€14,501
Balance sheet total
€379,293
2024 · €367,226+€12,067
Largest movements
Assets
- Cash +€14,501
up €14,501 (+576%), from €2,516 to €17,017
mainly Net result for the year (+€83,671) and Depreciation (+€16,882)
- Tangible fixed assets -€12,609
down €12,609 (-3.6%), from €347,794 to €335,185
of which Land and buildings: -€11,676
- Receivables within one year +€11,743
up €11,743 (+78.7%), from €14,913 to €26,656
of which Trade receivables: +€10,621
Equity and liabilities
- Reserves +€70,500
up €70,500 (+43.4%), from €162,360 to €232,860
- Other debts -€46,173
down €46,173 (-45.5%), from €101,589 to €55,416
- Debts after one year -€18,805
down €18,805 (-39.4%), from €47,676 to €28,872
- Trade debts +€5,325
up €5,325 (+92.0%), from €5,790 to €11,114
Income statement
- Gross operating margin +€67,710
up €67,710 (+86.1%), from €78,671 to €146,381
- Taxes +€18,878
up €18,878 (+119%), from €15,799 to €34,677
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.
Result 2024
€36,652
Gross operating margin
+€67,710
Depreciation
-€903
Other operating charges
-€862
Other operating items
-€480
Financial income
+€1
Financial charges
+€431
Taxes
-€18,878
Result 2025
€83,671
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,763
Investment
-€4,273
Financing
-€30,989
Cash 2024
€2,516
From operations (derived)
+€49,763
Net result for the year
+€83,671
Depreciation
+€16,882
Receivables within one year
-€11,743
Deferred charges and accrued income
+€1,568
Trade debts
+€5,325
Tax, wage and social debts
-€359
Other debts
-€46,173
Accrued charges and deferred income
+€592
Investment (derived)
-€4,273
Investment in fixed assets (net)
-€4,273
Financing
-€30,989
Debts after one year
-€18,805
Current portion of long-term debt
+€315
Contributions, distributions and other
-€12,500
Cash 2025
€17,017
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,226 | €379,293 | +€12,067 | +3.3% |
| Fixed assets | 21/28 | €347,794 | €335,185 | -€12,609 | -3.6% |
| Tangible fixed assets | 22/27 | €347,794 | €335,185 | -€12,609 | -3.6% |
| Land and buildings | 22 | €327,245 | €315,569 | -€11,676 | -3.6% |
| Plant, machinery and equipment | 23 | - | €1,256 | +€1,256 | |
| Furniture and vehicles | 24 | €17,321 | €15,499 | -€1,822 | -10.5% |
| Other tangible fixed assets | 26 | €3,228 | €2,861 | -€367 | -11.4% |
| Current assets | 29/58 | €19,432 | €44,108 | +€24,676 | +127% |
| Amounts receivable within one year | 40/41 | €14,913 | €26,656 | +€11,743 | +78.7% |
| Trade receivables | 40 | €9,712 | €20,332 | +€10,621 | +109% |
| Other amounts receivable | 41 | €5,201 | €6,323 | +€1,122 | +21.6% |
| Cash at bank and in hand | 54/58 | €2,516 | €17,017 | +€14,501 | +576% |
| Deferred charges and accrued income | 490/1 | €2,003 | €435 | -€1,568 | -78.3% |
| Total equity and liabilities | 10/49 | €367,226 | €379,293 | +€12,067 | +3.3% |
| Equity | 10/15 | €183,448 | €254,620 | +€71,171 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,360 | €232,860 | +€70,500 | +43.4% |
| Distributable reserves | 133 | €162,360 | €232,860 | +€70,500 | +43.4% |
| Profit (loss) carried forward | 14 | €2,488 | €3,160 | +€671 | +27.0% |
| Amounts payable | 17/49 | €183,778 | €124,674 | -€59,105 | -32.2% |
| Amounts payable after more than one year | 17 | €47,676 | €28,872 | -€18,805 | -39.4% |
| Financial debts | 170/4 | €47,676 | €28,872 | -€18,805 | -39.4% |
| Amounts payable within one year | 42/48 | €130,419 | €89,527 | -€40,892 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €18,490 | €18,806 | +€315 | +1.7% |
| Trade debts | 44 | €5,790 | €11,114 | +€5,325 | +92.0% |
| Suppliers | 440/4 | €5,790 | €11,114 | +€5,325 | +92.0% |
| Taxes, remuneration and social security | 45 | €4,550 | €4,191 | -€359 | -7.9% |
| Taxes | 450/3 | €4,550 | €4,191 | -€359 | -7.9% |
| Other amounts payable | 47/48 | €101,589 | €55,416 | -€46,173 | -45.5% |
| Accrued charges and deferred income | 492/3 | €5,683 | €6,275 | +€592 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,979 | €16,882 | +€903 | +5.7% |
| Other operating charges | 640/8 | €1,466 | €2,328 | +€862 | +58.8% |
| Non-recurring operating charges | 66A | - | €480 | +€480 | |
| Gross operating margin | 9900 | €78,671 | €146,381 | +€67,710 | +86.1% |
| Operating profit (loss) | 9901 | €61,226 | €126,691 | +€65,465 | +107% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,950% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,950% |
| Financial charges | 65/66B | €8,775 | €8,344 | -€431 | -4.9% |
| Recurring financial charges | 65 | €8,775 | €8,344 | -€431 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €52,451 | €118,348 | +€65,897 | +126% |
| Income taxes | 67/77 | €15,799 | €34,677 | +€18,878 | +119% |
| Profit (loss) for the period | 9904 | €36,652 | €83,671 | +€47,019 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €36,652 | €83,671 | +€47,019 | +128% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.