T - CONSULT: 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.
T - CONSULT
Largest movements
- Cash -€682,136
down €682,136 (-85.7%), from €796,292 to €114,155
mainly Current investments (-€587,605) and Contributions, distributions and other (-€105,222)
- Current investments +€587,605
new in 2025: €587,605
- Reserves -€44,516
down €44,516 (-6.0%), from €743,657 to €699,141
of which Distributable reserves: -€44,516
- Other debts -€30,673
no longer reported in 2025 (was €30,673)
- Tax, wage and social debts -€14,878
down €14,878 (-56.9%), from €26,155 to €11,277
- Gross operating margin -€17,833
down €17,833 (-19.2%), from €92,997 to €75,164
- Depreciation -€8,936
down €8,936 (-92.2%), from €9,695 to €759
- Financial charges +€3,994
up €3,994 (+847%), from €471 to €4,466
- Taxes -€2,361
down €2,361 (-10.5%), from €22,587 to €20,227
- Other operating charges +€1,962
up €1,962 (+215%), from €914 to €2,876
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 | €820,055 | €733,071 | -€86,984 | -10.6% |
| Fixed assets | 21/28 | €6,537 | €7,476 | +€939 | +14.4% |
| Tangible fixed assets | 22/27 | €6,537 | €7,476 | +€939 | +14.4% |
| Plant, machinery and equipment | 23 | €5,579 | €5,579 | = | 0.0% |
| Furniture and vehicles | 24 | €959 | €1,897 | +€939 | +97.9% |
| Current assets | 29/58 | €813,518 | €725,595 | -€87,923 | -10.8% |
| Amounts receivable within one year | 40/41 | €17,227 | €23,834 | +€6,608 | +38.4% |
| Trade receivables | 40 | €13,449 | €17,737 | +€4,288 | +31.9% |
| Other amounts receivable | 41 | €3,778 | €6,097 | +€2,320 | +61.4% |
| Current investments | 50/53 | - | €587,605 | +€587,605 | |
| Cash at bank and in hand | 54/58 | €796,292 | €114,155 | -€682,136 | -85.7% |
| Total equity and liabilities | 10/49 | €820,055 | €733,071 | -€86,984 | -10.6% |
| Equity | 10/15 | €763,125 | €718,609 | -€44,516 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €743,657 | €699,141 | -€44,516 | -6.0% |
| Non-distributable reserves | 130/1 | €35,700 | €35,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,700 | €35,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €175,914 | €175,914 | = | 0.0% |
| Distributable reserves | 133 | €532,043 | €487,528 | -€44,516 | -8.4% |
| Profit (loss) carried forward | 14 | €868 | €868 | = | 0.0% |
| Amounts payable | 17/49 | €56,931 | €14,462 | -€42,469 | -74.6% |
| Amounts payable within one year | 42/48 | €56,931 | €14,462 | -€42,469 | -74.6% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €102 | €3,170 | +€3,067 | +2,993% |
| Suppliers | 440/4 | €102 | €3,170 | +€3,067 | +2,993% |
| Taxes, remuneration and social security | 45 | €26,155 | €11,277 | -€14,878 | -56.9% |
| Taxes | 450/3 | €26,155 | €11,277 | -€14,878 | -56.9% |
| Other amounts payable | 47/48 | €30,673 | - | -€30,673 | |
| Remuneration, social security and pensions | 62 | €1,827 | - | -€1,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,695 | €759 | -€8,936 | -92.2% |
| Other operating charges | 640/8 | €914 | €2,876 | +€1,962 | +215% |
| Gross operating margin | 9900 | €92,997 | €75,164 | -€17,833 | -19.2% |
| Operating profit (loss) | 9901 | €80,561 | €71,528 | -€9,033 | -11.2% |
| Financial income | 75/76B | €13,438 | €13,871 | +€433 | +3.2% |
| Recurring financial income | 75 | €13,438 | €13,871 | +€433 | +3.2% |
| Financial charges | 65/66B | €471 | €4,466 | +€3,994 | +847% |
| Recurring financial charges | 65 | €471 | €4,466 | +€3,994 | +847% |
| Profit (loss) for the period before taxes | 9903 | €93,528 | €80,933 | -€12,594 | -13.5% |
| Income taxes | 67/77 | €22,587 | €20,227 | -€2,361 | -10.5% |
| Profit (loss) for the period | 9904 | €70,940 | €60,707 | -€10,233 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,940 | €60,707 | -€10,233 | -14.4% |
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 17 October 2026 via checked.be.