TEconsult: 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.
TEconsult
Largest movements
- Receivables within one year +€369,894
up €369,894 (+157%), from €235,904 to €605,798
of which Other amounts receivable: +€302,300
- Stocks and contracts -€298,414
down €298,414 (-100%), from €298,414 to €0
- Cash -€10,095
down €10,095 (-60.9%), from €16,568 to €6,473
mainly Receivables within one year (-€369,894) and Contributions, distributions and other (-€177,952)
- Other debts +€151,778
up €151,778 (+3,253%), from €4,666 to €156,444
- Reserves -€106,806
down €106,806 (-60.0%), from €177,952 to €71,147
- Tax, wage and social debts +€18,906
up €18,906 (+81.9%), from €23,076 to €41,982
- Trade debts -€8,285
down €8,285 (-73.9%), from €11,211 to €2,926
- Gross operating margin +€27,847
up €27,847 (+39.3%), from €70,792 to €98,639
- Taxes +€5,430
up €5,430 (+35.1%), from €15,464 to €20,895
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 | €564,505 | €620,099 | +€55,594 | +9.8% |
| Fixed assets | 21/28 | €12,016 | €6,661 | -€5,355 | -44.6% |
| Tangible fixed assets | 22/27 | €12,016 | €6,661 | -€5,355 | -44.6% |
| Furniture and vehicles | 24 | €12,016 | €6,661 | -€5,355 | -44.6% |
| Current assets | 29/58 | €552,489 | €613,438 | +€60,949 | +11.0% |
| Stocks and contracts in progress | 3 | €298,414 | €0 | -€298,414 | -100% |
| Contracts in progress | 37 | €298,414 | €0 | -€298,414 | -100% |
| Amounts receivable within one year | 40/41 | €235,904 | €605,798 | +€369,894 | +157% |
| Trade receivables | 40 | €42,124 | €109,719 | +€67,594 | +160% |
| Other amounts receivable | 41 | €193,779 | €496,079 | +€302,300 | +156% |
| Cash at bank and in hand | 54/58 | €16,568 | €6,473 | -€10,095 | -60.9% |
| Deferred charges and accrued income | 490/1 | €1,604 | €1,168 | -€436 | -27.2% |
| Total equity and liabilities | 10/49 | €564,505 | €620,099 | +€55,594 | +9.8% |
| Equity | 10/15 | €179,952 | €73,147 | -€106,806 | -59.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €177,952 | €71,147 | -€106,806 | -60.0% |
| Distributable reserves | 133 | €177,952 | €71,147 | -€106,806 | -60.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €384,553 | €546,952 | +€162,400 | +42.2% |
| Amounts payable after more than one year | 17 | €345,600 | €345,600 | = | 0.0% |
| Financial debts | 170/4 | €345,600 | €345,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,953 | €201,352 | +€162,400 | +417% |
| Trade debts | 44 | €11,211 | €2,926 | -€8,285 | -73.9% |
| Suppliers | 440/4 | €11,211 | €2,926 | -€8,285 | -73.9% |
| Taxes, remuneration and social security | 45 | €23,076 | €41,982 | +€18,906 | +81.9% |
| Taxes | 450/3 | €23,076 | €41,982 | +€18,906 | +81.9% |
| Other amounts payable | 47/48 | €4,666 | €156,444 | +€151,778 | +3,253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,661 | €5,355 | -€305 | -5.4% |
| Other operating charges | 640/8 | €1,824 | €1,175 | -€649 | -35.6% |
| Gross operating margin | 9900 | €70,792 | €98,639 | +€27,847 | +39.3% |
| Operating profit (loss) | 9901 | €63,308 | €92,109 | +€28,801 | +45.5% |
| Financial income | 75/76B | €477 | €0 | -€477 | -100.0% |
| Recurring financial income | 75 | €477 | €0 | -€477 | -100.0% |
| Financial charges | 65/66B | €105 | €68 | -€37 | -35.4% |
| Recurring financial charges | 65 | €105 | €68 | -€37 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €63,680 | €92,042 | +€28,362 | +44.5% |
| Income taxes | 67/77 | €15,464 | €20,895 | +€5,430 | +35.1% |
| Profit (loss) for the period | 9904 | €48,215 | €71,147 | +€22,931 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,215 | €71,147 | +€22,931 | +47.6% |
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.