TECHNICAL 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.
TECHNICAL CONSULTING
Largest movements
- Cash -€447,726
down €447,726 (-88.2%), from €507,716 to €59,990
mainly Current investments (-€348,570) and Contributions, distributions and other (-€186,937)
- Current investments +€348,570
new in 2025: €348,570
- Receivables within one year -€32,833
down €32,833 (-53.0%), from €61,943 to €29,110
of which Trade receivables: -€38,820
- Tangible fixed assets -€13,282
down €13,282 (-18.1%), from €73,293 to €60,011
of which Furniture and vehicles: -€10,832
- Reserves -€106,330
down €106,330 (-18.2%), from €582,798 to €476,468
of which Distributable reserves: -€106,330
- Other debts -€34,889
down €34,889 (-91.7%), from €38,031 to €3,142
- Gross operating margin -€145,622
down €145,622 (-53.1%), from €274,103 to €128,481
- Taxes -€46,955
down €46,955 (-53.5%), from €87,833 to €40,878
- Depreciation +€7,468
up €7,468 (+88.9%), from €8,404 to €15,872
- Financial income +€3,744
up €3,744 (+42.1%), from €8,896 to €12,641
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 | €642,952 | €499,855 | -€143,097 | -22.3% |
| Fixed assets | 21/28 | €73,293 | €60,011 | -€13,282 | -18.1% |
| Tangible fixed assets | 22/27 | €73,293 | €60,011 | -€13,282 | -18.1% |
| Furniture and vehicles | 24 | €59,494 | €48,662 | -€10,832 | -18.2% |
| Other tangible fixed assets | 26 | €13,799 | €11,349 | -€2,450 | -17.8% |
| Current assets | 29/58 | €569,659 | €439,844 | -€129,815 | -22.8% |
| Amounts receivable within one year | 40/41 | €61,943 | €29,110 | -€32,833 | -53.0% |
| Trade receivables | 40 | €61,943 | €23,123 | -€38,820 | -62.7% |
| Other amounts receivable | 41 | €0 | €5,987 | +€5,987 | |
| Current investments | 50/53 | - | €348,570 | +€348,570 | |
| Cash at bank and in hand | 54/58 | €507,716 | €59,990 | -€447,726 | -88.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,174 | +€2,174 | |
| Total equity and liabilities | 10/49 | €642,952 | €499,855 | -€143,097 | -22.3% |
| Equity | 10/15 | €601,398 | €495,068 | -€106,330 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €582,798 | €476,468 | -€106,330 | -18.2% |
| 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 | €580,938 | €474,608 | -€106,330 | -18.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,554 | €4,787 | -€36,768 | -88.5% |
| Amounts payable within one year | 42/48 | €41,554 | €4,787 | -€36,768 | -88.5% |
| Trade debts | 44 | €126 | €1,588 | +€1,462 | +1,161% |
| Suppliers | 440/4 | €126 | €1,588 | +€1,462 | +1,161% |
| Taxes, remuneration and social security | 45 | €3,397 | €56 | -€3,341 | -98.3% |
| Taxes | 450/3 | €3,397 | €56 | -€3,341 | -98.3% |
| Other amounts payable | 47/48 | €38,031 | €3,142 | -€34,889 | -91.7% |
| Non-recurring operating income | 76A | €12,500 | €0 | -€12,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,404 | €15,872 | +€7,468 | +88.9% |
| Other operating charges | 640/8 | €513 | €2,193 | +€1,680 | +327% |
| Gross operating margin | 9900 | €274,103 | €128,481 | -€145,622 | -53.1% |
| Operating profit (loss) | 9901 | €265,186 | €110,416 | -€154,770 | -58.4% |
| Financial income | 75/76B | €8,896 | €12,641 | +€3,744 | +42.1% |
| Recurring financial income | 75 | €8,896 | €12,641 | +€3,744 | +42.1% |
| Financial charges | 65/66B | €2,811 | €1,571 | -€1,240 | -44.1% |
| Recurring financial charges | 65 | €2,811 | €1,571 | -€1,240 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €271,271 | €121,485 | -€149,785 | -55.2% |
| Income taxes | 67/77 | €87,833 | €40,878 | -€46,955 | -53.5% |
| Profit (loss) for the period | 9904 | €183,437 | €80,607 | -€102,830 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €183,437 | €80,607 | -€102,830 | -56.1% |
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 14 October 2026 via checked.be.