T2 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.
T2 CONSULT
Largest movements
- Tangible fixed assets +€273,937
up €273,937 (+98.5%), from €278,019 to €551,956
of which Land and buildings: +€272,305
- Cash -€93,722
down €93,722 (-71.2%), from €131,687 to €37,965
mainly Investment in fixed assets (net) (-€314,846) and Net result for the year (-€28,993)
- Receivables within one year -€17,925
down €17,925 (-35.3%), from €50,772 to €32,847
of which Trade receivables: -€18,250
- Debts after one year +€201,178
up €201,178 (+103%), from €195,584 to €396,761
- Profit (loss) carried forward -€28,993
down €28,993 (-17.1%), from €169,423 to €140,430
- Trade debts -€28,245
down €28,245 (-87.3%), from €32,371 to €4,127
- Current portion of long-term debt +€18,377
up €18,377 (+76.6%), from €23,999 to €42,376
- Depreciation +€30,718
up €30,718 (+301%), from €10,192 to €40,910
- Other operating charges +€12,709
up €12,709 (+851%), from €1,493 to €14,202
- Financial charges +€8,815
up €8,815 (+77.0%), from €11,449 to €20,264
- Taxes -€8,116
down €8,116, from €7,089 to -€1,027
- Gross operating margin -€2,499
down €2,499 (-5.2%), from €47,854 to €45,355
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 | €462,935 | €623,095 | +€160,161 | +34.6% |
| Fixed assets | 21/28 | €278,019 | €551,956 | +€273,937 | +98.5% |
| Tangible fixed assets | 22/27 | €278,019 | €551,956 | +€273,937 | +98.5% |
| Land and buildings | 22 | €235,380 | €507,685 | +€272,305 | +116% |
| Plant, machinery and equipment | 23 | €1,837 | €1,391 | -€446 | -24.3% |
| Furniture and vehicles | 24 | €2,913 | €1,707 | -€1,207 | -41.4% |
| Other tangible fixed assets | 26 | €37,889 | €41,173 | +€3,284 | +8.7% |
| Current assets | 29/58 | €184,915 | €71,139 | -€113,776 | -61.5% |
| Amounts receivable within one year | 40/41 | €50,772 | €32,847 | -€17,925 | -35.3% |
| Trade receivables | 40 | €49,862 | €31,612 | -€18,250 | -36.6% |
| Other amounts receivable | 41 | €910 | €1,235 | +€325 | +35.7% |
| Cash at bank and in hand | 54/58 | €131,687 | €37,965 | -€93,722 | -71.2% |
| Deferred charges and accrued income | 490/1 | €2,455 | €327 | -€2,129 | -86.7% |
| Total equity and liabilities | 10/49 | €462,935 | €623,095 | +€160,161 | +34.6% |
| Equity | 10/15 | €189,883 | €160,890 | -€28,993 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,423 | €140,430 | -€28,993 | -17.1% |
| Amounts payable | 17/49 | €273,051 | €462,205 | +€189,154 | +69.3% |
| Amounts payable after more than one year | 17 | €195,584 | €396,761 | +€201,178 | +103% |
| Financial debts | 170/4 | €195,584 | €396,761 | +€201,178 | +103% |
| Amounts payable within one year | 42/48 | €77,468 | €65,044 | -€12,424 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €23,999 | €42,376 | +€18,377 | +76.6% |
| Trade debts | 44 | €32,371 | €4,127 | -€28,245 | -87.3% |
| Suppliers | 440/4 | €32,371 | €4,127 | -€28,245 | -87.3% |
| Taxes, remuneration and social security | 45 | €21,078 | €15,810 | -€5,268 | -25.0% |
| Taxes | 450/3 | €21,078 | €15,810 | -€5,268 | -25.0% |
| Other amounts payable | 47/48 | €19 | €2,732 | +€2,712 | +14,032% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,192 | €40,910 | +€30,718 | +301% |
| Other operating charges | 640/8 | €1,493 | €14,202 | +€12,709 | +851% |
| Non-recurring operating charges | 66A | €45 | - | -€45 | |
| Gross operating margin | 9900 | €47,854 | €45,355 | -€2,499 | -5.2% |
| Operating profit (loss) | 9901 | €36,125 | -€9,756 | -€45,881 | |
| Financial charges | 65/66B | €11,449 | €20,264 | +€8,815 | +77.0% |
| Recurring financial charges | 65 | €11,449 | €20,264 | +€8,815 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €24,675 | -€30,020 | -€54,696 | |
| Income taxes | 67/77 | €7,089 | -€1,027 | -€8,116 | |
| Profit (loss) for the period | 9904 | €17,586 | -€28,993 | -€46,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,586 | -€28,993 | -€46,580 |
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 16 October 2026 via checked.be.