SWOT - CONSULT: 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.
SWOT - CONSULT
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€45,641
up €45,641 (+51.9%), from €87,968 to €133,609
mainly Current investments (+€150,000) and Net result for the year (+€55,367)
- Receivables within one year +€34,867
up €34,867 (+34.7%), from €100,495 to €135,362
of which Trade receivables: +€24,382
- Tangible fixed assets -€33,973
down €33,973 (-4.1%), from €830,111 to €796,137
of which Land and buildings: -€18,713
- Other debts -€154,656
down €154,656 (-31.7%), from €487,904 to €333,248
- Reserves +€55,367
up €55,367 (+8.5%), from €653,244 to €708,611
of which Distributable reserves: +€55,367
- Gross operating margin +€20,579
up €20,579 (+15.5%), from €132,621 to €153,200
- Financial charges -€12,515
down €12,515 (-32.2%), from €38,923 to €26,407
- Taxes +€9,190
up €9,190 (+47.0%), from €19,535 to €28,726
- Financial income -€2,596
down €2,596 (-46.3%), from €5,607 to €3,011
of which Financial income: -€2,596
- Depreciation -€1,919
down €1,919 (-5.3%), from €35,892 to €33,973
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 | €1,485,733 | €1,383,531 | -€102,202 | -6.9% |
| Fixed assets | 21/28 | €1,129,732 | €1,097,167 | -€32,565 | -2.9% |
| Tangible fixed assets | 22/27 | €830,111 | €796,137 | -€33,973 | -4.1% |
| Land and buildings | 22 | €757,745 | €739,031 | -€18,713 | -2.5% |
| Plant, machinery and equipment | 23 | €30,852 | €29,590 | -€1,262 | -4.1% |
| Furniture and vehicles | 24 | €41,514 | €27,516 | -€13,998 | -33.7% |
| Financial fixed assets | 28 | €299,621 | €301,030 | +€1,409 | +0.5% |
| Current assets | 29/58 | €356,001 | €286,364 | -€69,638 | -19.6% |
| Amounts receivable within one year | 40/41 | €100,495 | €135,362 | +€34,867 | +34.7% |
| Trade receivables | 40 | €40,401 | €64,783 | +€24,382 | +60.4% |
| Other amounts receivable | 41 | €60,094 | €70,579 | +€10,485 | +17.4% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €87,968 | €133,609 | +€45,641 | +51.9% |
| Deferred charges and accrued income | 490/1 | €17,539 | €17,393 | -€145 | -0.8% |
| Total equity and liabilities | 10/49 | €1,485,733 | €1,383,531 | -€102,202 | -6.9% |
| Equity | 10/15 | €969,137 | €1,024,504 | +€55,367 | +5.7% |
| Contributions | 10/11 | €315,893 | €315,893 | = | 0.0% |
| Reserves | 13 | €653,244 | €708,611 | +€55,367 | +8.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €653,244 | €708,611 | +€55,367 | +8.5% |
| Amounts payable | 17/49 | €516,596 | €359,027 | -€157,569 | -30.5% |
| Amounts payable within one year | 42/48 | €503,662 | €346,093 | -€157,569 | -31.3% |
| Trade debts | 44 | €3,135 | €1,360 | -€1,775 | -56.6% |
| Suppliers | 440/4 | €3,135 | €1,360 | -€1,775 | -56.6% |
| Taxes, remuneration and social security | 45 | €12,623 | €11,485 | -€1,138 | -9.0% |
| Taxes | 450/3 | €12,623 | €11,485 | -€1,138 | -9.0% |
| Other amounts payable | 47/48 | €487,904 | €333,248 | -€154,656 | -31.7% |
| Accrued charges and deferred income | 492/3 | €12,934 | €12,934 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,892 | €33,973 | -€1,919 | -5.3% |
| Other operating charges | 640/8 | €12,187 | €11,738 | -€449 | -3.7% |
| Gross operating margin | 9900 | €132,621 | €153,200 | +€20,579 | +15.5% |
| Operating profit (loss) | 9901 | €84,542 | €107,489 | +€22,947 | +27.1% |
| Financial income | 75/76B | €5,607 | €3,011 | -€2,596 | -46.3% |
| Recurring financial income | 75 | €5,607 | €3,011 | -€2,596 | -46.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €38,923 | €26,407 | -€12,515 | -32.2% |
| Recurring financial charges | 65 | €38,923 | €26,407 | -€12,515 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €51,226 | €84,092 | +€32,866 | +64.2% |
| Income taxes | 67/77 | €19,535 | €28,726 | +€9,190 | +47.0% |
| Profit (loss) for the period | 9904 | €31,691 | €55,367 | +€23,676 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,691 | €55,367 | +€23,676 | +74.7% |
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 7 October 2026 via checked.be.