TARGET CONSULTING: 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.
TARGET CONSULTING
Largest movements
- Receivables within one year +€36,908
up €36,908 (+55.7%), from €66,217 to €103,125
of which Trade receivables: +€22,125
- Tangible fixed assets -€12,517
down €12,517 (-86.9%), from €14,397 to €1,880
of which Land and buildings: -€10,817
- Cash -€12,309
down €12,309 (-8.2%), from €149,779 to €137,471
mainly Receivables within one year (-€36,908) and Contributions, distributions and other (-€24,137)
- Reserves +€28,284
up €28,284 (+7.9%), from €358,523 to €386,807
- Tax, wage and social debts -€11,525
down €11,525 (-35.5%), from €32,488 to €20,963
- Gross operating margin -€38,944
down €38,944 (-30.3%), from €128,505 to €89,561
- Taxes -€9,371
down €9,371 (-29.6%), from €31,677 to €22,306
- Write-downs -€6,499
down €6,499 (-100%), from €6,499 to €0
- Financial income +€1,860
up €1,860 (+76.2%), from €2,440 to €4,299
- Financial charges +€1,829
up €1,829 (+127%), from €1,442 to €3,271
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,451 | €418,717 | +€11,266 | +2.8% |
| Fixed assets | 21/28 | €14,397 | €1,880 | -€12,517 | -86.9% |
| Tangible fixed assets | 22/27 | €14,397 | €1,880 | -€12,517 | -86.9% |
| Land and buildings | 22 | €10,817 | €0 | -€10,817 | -100% |
| Plant, machinery and equipment | 23 | €652 | €427 | -€225 | -34.5% |
| Furniture and vehicles | 24 | €1,131 | €1,164 | +€33 | +2.9% |
| Other tangible fixed assets | 26 | €1,797 | €289 | -€1,508 | -83.9% |
| Current assets | 29/58 | €393,054 | €416,837 | +€23,783 | +6.1% |
| Amounts receivable within one year | 40/41 | €66,217 | €103,125 | +€36,908 | +55.7% |
| Trade receivables | 40 | €19,679 | €41,804 | +€22,125 | +112% |
| Other amounts receivable | 41 | €46,538 | €61,321 | +€14,783 | +31.8% |
| Current investments | 50/53 | €169,128 | €172,472 | +€3,344 | +2.0% |
| Cash at bank and in hand | 54/58 | €149,779 | €137,471 | -€12,309 | -8.2% |
| Deferred charges and accrued income | 490/1 | €7,930 | €3,770 | -€4,160 | -52.5% |
| Total equity and liabilities | 10/49 | €407,451 | €418,717 | +€11,266 | +2.8% |
| Equity | 10/15 | €364,723 | €393,007 | +€28,284 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €358,523 | €386,807 | +€28,284 | +7.9% |
| Distributable reserves | 133 | €358,523 | €386,807 | +€28,284 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,727 | €25,710 | -€17,018 | -39.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,593 | €24,241 | -€15,352 | -38.8% |
| Trade debts | 44 | €5,388 | €1,561 | -€3,827 | -71.0% |
| Suppliers | 440/4 | €5,388 | €1,561 | -€3,827 | -71.0% |
| Taxes, remuneration and social security | 45 | €32,488 | €20,963 | -€11,525 | -35.5% |
| Taxes | 450/3 | €32,488 | €20,963 | -€11,525 | -35.5% |
| Other amounts payable | 47/48 | €1,717 | €1,717 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,134 | €1,469 | -€1,666 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,765 | €12,865 | +€100 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,499 | €0 | -€6,499 | -100% |
| Other operating charges | 640/8 | €2,202 | €2,998 | +€797 | +36.2% |
| Gross operating margin | 9900 | €128,505 | €89,561 | -€38,944 | -30.3% |
| Operating profit (loss) | 9901 | €107,040 | €73,698 | -€33,341 | -31.1% |
| Financial income | 75/76B | €2,440 | €4,299 | +€1,860 | +76.2% |
| Recurring financial income | 75 | €2,440 | €4,299 | +€1,860 | +76.2% |
| Financial charges | 65/66B | €1,442 | €3,271 | +€1,829 | +127% |
| Recurring financial charges | 65 | €1,442 | €3,271 | +€1,829 | +127% |
| Profit (loss) for the period before taxes | 9903 | €108,037 | €74,727 | -€33,310 | -30.8% |
| Income taxes | 67/77 | €31,677 | €22,306 | -€9,371 | -29.6% |
| Profit (loss) for the period | 9904 | €76,360 | €52,421 | -€23,939 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,360 | €52,421 | -€23,939 | -31.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.