STRUCTURE & MANAGEMENT CONSULTANCY: 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.
STRUCTURE & MANAGEMENT CONSULTANCY
Largest movements
- Cash +€46,056
up €46,056 (+381.0%), from €12,087 to €58,143
mainly Net result for the year (+€18,628) and Depreciation (+€16,559)
- Tangible fixed assets -€16,559
down €16,559 (-4.0%), from €417,104 to €400,545
of which Land and buildings: -€10,604
- Stocks and contracts -€12,682
down €12,682 (-39.4%), from €32,182 to €19,500
- Reserves +€18,628
up €18,628 (+6.3%), from €296,874 to €315,501
of which Distributable reserves: +€18,628
- Debts after one year -€8,000
down €8,000 (-8.3%), from €96,500 to €88,500
- Gross operating margin +€20,500
up €20,500 (+89.1%), from €23,008 to €43,508
- Taxes +€4,521
new in 2025: €4,521
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 | €461,892 | €478,188 | +€16,296 | +3.5% |
| Fixed assets | 21/28 | €417,104 | €400,545 | -€16,559 | -4.0% |
| Tangible fixed assets | 22/27 | €417,104 | €400,545 | -€16,559 | -4.0% |
| Land and buildings | 22 | €402,427 | €391,824 | -€10,604 | -2.6% |
| Plant, machinery and equipment | 23 | €11,546 | €7,800 | -€3,746 | -32.4% |
| Furniture and vehicles | 24 | €3,131 | €921 | -€2,210 | -70.6% |
| Current assets | 29/58 | €44,788 | €77,643 | +€32,855 | +73.4% |
| Stocks and contracts in progress | 3 | €32,182 | €19,500 | -€12,682 | -39.4% |
| Stocks | 30/36 | €32,182 | €19,500 | -€12,682 | -39.4% |
| Amounts receivable within one year | 40/41 | €519 | €0 | -€519 | -100.0% |
| Trade receivables | 40 | €519 | €0 | -€519 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,087 | €58,143 | +€46,056 | +381.0% |
| Total equity and liabilities | 10/49 | €461,892 | €478,188 | +€16,296 | +3.5% |
| Equity | 10/15 | €358,874 | €377,501 | +€18,628 | +5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €296,874 | €315,501 | +€18,628 | +6.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €290,674 | €309,301 | +€18,628 | +6.4% |
| Amounts payable | 17/49 | €103,019 | €100,687 | -€2,332 | -2.3% |
| Amounts payable after more than one year | 17 | €96,500 | €88,500 | -€8,000 | -8.3% |
| Other amounts payable | 178/9 | €96,500 | €88,500 | -€8,000 | -8.3% |
| Amounts payable within one year | 42/48 | €6,519 | €7,673 | +€1,154 | +17.7% |
| Trade debts | 44 | €4,651 | €1,751 | -€2,900 | -62.4% |
| Suppliers | 440/4 | €4,651 | €1,751 | -€2,900 | -62.4% |
| Advances received on contracts in progress | 46 | - | €4,111 | +€4,111 | |
| Taxes, remuneration and social security | 45 | €1,763 | €1,752 | -€11 | -0.6% |
| Taxes | 450/3 | €1,763 | €1,752 | -€11 | -0.6% |
| Other amounts payable | 47/48 | €105 | €59 | -€46 | -44.0% |
| Accrued charges and deferred income | 492/3 | - | €4,514 | +€4,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,559 | €16,559 | = | 0.0% |
| Other operating charges | 640/8 | €3,877 | €3,542 | -€335 | -8.6% |
| Gross operating margin | 9900 | €23,008 | €43,508 | +€20,500 | +89.1% |
| Operating profit (loss) | 9901 | €2,572 | €23,407 | +€20,835 | +810.0% |
| Financial income | 75/76B | €233 | €63 | -€170 | -73.1% |
| Recurring financial income | 75 | €233 | €63 | -€170 | -73.1% |
| Financial charges | 65/66B | €433 | €321 | -€112 | -25.8% |
| Recurring financial charges | 65 | €433 | €321 | -€112 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €2,372 | €23,148 | +€20,776 | +875.9% |
| Income taxes | 67/77 | - | €4,521 | +€4,521 | |
| Profit (loss) for the period | 9904 | €2,372 | €18,628 | +€16,255 | +685.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,372 | €18,628 | +€16,255 | +685.3% |
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 8 October 2026 via checked.be.