T E 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.
T E CONSULT
Largest movements
- Receivables after one year +€529,670
new in 2025: €529,670
- Tangible fixed assets -€471,006
down €471,006 (-99.0%), from €475,699 to €4,693
of which Assets under construction and advance payments: -€472,670
- Stocks and contracts -€11,730
down €11,730 (-100.0%), from €11,730 to €0
- Tax, wage and social debts +€27,546
up €27,546 (+96.0%), from €28,680 to €56,225
- Reserves +€20,756
up €20,756 (+13.0%), from €159,433 to €180,190
of which Distributable reserves: +€20,756
- Advances received -€14,193
down €14,193 (-100.0%), from €14,193 to €0
- Other debts +€13,034
up €13,034 (+6.2%), from €208,726 to €221,760
- Other operating charges +€45,190
up €45,190 (+542.9%), from €8,323 to €53,513
- Taxes -€24,199
down €24,199 (-72.8%), from €33,243 to €9,044
- Financial charges +€9,580
up €9,580 (+528.7%), from €1,812 to €11,392
- Gross operating margin +€4,914
up €4,914 (+5.4%), from €91,763 to €96,677
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,973 | €562,714 | +€47,741 | +9.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €475,996 | €4,693 | -€471,303 | -99.0% |
| Tangible fixed assets | 22/27 | €475,699 | €4,693 | -€471,006 | -99.0% |
| Plant, machinery and equipment | 23 | €1,324 | €2,219 | +€895 | +67.6% |
| Furniture and vehicles | 24 | €1,705 | €2,474 | +€769 | +45.1% |
| Assets under construction and advance payments | 27 | €472,670 | - | -€472,670 | |
| Financial fixed assets | 28 | €297 | €0 | -€297 | -100.0% |
| Current assets | 29/58 | €38,976 | €558,020 | +€519,044 | +1331.7% |
| Amounts receivable after more than one year | 29 | - | €529,670 | +€529,670 | |
| Trade receivables | 290 | - | €529,670 | +€529,670 | |
| Stocks and contracts in progress | 3 | €11,730 | €0 | -€11,730 | -100.0% |
| Contracts in progress | 37 | €11,730 | €0 | -€11,730 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,246 | €28,350 | +€1,104 | +4.1% |
| Trade receivables | 40 | €26,361 | €28,350 | +€1,989 | +7.5% |
| Other amounts receivable | 41 | €885 | €0 | -€885 | -100.0% |
| Total equity and liabilities | 10/49 | €514,973 | €562,714 | +€47,741 | +9.3% |
| Equity | 10/15 | €178,033 | €198,790 | +€20,756 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,433 | €180,190 | +€20,756 | +13.0% |
| 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 | €157,573 | €178,330 | +€20,756 | +13.2% |
| Amounts payable | 17/49 | €336,939 | €363,924 | +€26,985 | +8.0% |
| Amounts payable within one year | 42/48 | €336,939 | €362,924 | +€25,985 | +7.7% |
| Financial debts | 43 | €5,191 | €5,219 | +€28 | +0.5% |
| Credit institutions | 430/8 | €5,191 | €5,219 | +€28 | +0.5% |
| Trade debts | 44 | €80,150 | €79,720 | -€430 | -0.5% |
| Suppliers | 440/4 | €80,150 | €79,720 | -€430 | -0.5% |
| Advances received on contracts in progress | 46 | €14,193 | €0 | -€14,193 | -100.0% |
| Taxes, remuneration and social security | 45 | €28,680 | €56,225 | +€27,546 | +96.0% |
| Taxes | 450/3 | €28,680 | €56,225 | +€27,546 | +96.0% |
| Other amounts payable | 47/48 | €208,726 | €221,760 | +€13,034 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,705 | €1,971 | +€266 | +15.6% |
| Other operating charges | 640/8 | €8,323 | €53,513 | +€45,190 | +542.9% |
| Gross operating margin | 9900 | €91,763 | €96,677 | +€4,914 | +5.4% |
| Operating profit (loss) | 9901 | €81,734 | €41,192 | -€40,542 | -49.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,812 | €11,392 | +€9,580 | +528.7% |
| Recurring financial charges | 65 | €1,812 | €11,392 | +€9,580 | +528.7% |
| Profit (loss) for the period before taxes | 9903 | €79,922 | €29,800 | -€50,122 | -62.7% |
| Income taxes | 67/77 | €33,243 | €9,044 | -€24,199 | -72.8% |
| Profit (loss) for the period | 9904 | €46,679 | €20,756 | -€25,923 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,679 | €20,756 | -€25,923 | -55.5% |
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 3 October 2026 via checked.be.