THE CONSULTING GROUP: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
THE CONSULTING GROUP
Largest movements
- Cash -€22,566
down €22,566 (-13.7%), from €165,068 to €142,502
mainly Provisions (-€31,849) and Other debts (-€27,741)
- Tangible fixed assets -€18,503
down €18,503 (-23.0%), from €80,321 to €61,818
of which Leasing and similar rights: -€13,905
- Provisions -€31,849
down €31,849 (-51.6%), from €61,766 to €29,917
- Other debts -€27,741
down €27,741 (-90.0%), from €30,814 to €3,073
- Reserves +€22,877
up €22,877 (+26.3%), from €87,003 to €109,880
- Debts after one year -€10,919
down €10,919 (-31.1%), from €35,105 to €24,186
- Short-term financial debts +€2,604
new in 2025: €2,604
- Financial income -€4,427
down €4,427 (-99.9%), from €4,430 to €3
- Gross operating margin -€2,508
down €2,508 (-3.8%), from €66,869 to €64,361
- Taxes -€1,900
down €1,900 (-15.2%), from €12,473 to €10,573
- Financial charges +€1,470
up €1,470 (+57.1%), from €2,575 to €4,045
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,298 | €205,874 | -€40,425 | -16.4% |
| Fixed assets | 21/28 | €80,321 | €61,818 | -€18,503 | -23.0% |
| Tangible fixed assets | 22/27 | €80,321 | €61,818 | -€18,503 | -23.0% |
| Plant, machinery and equipment | 23 | €4,798 | €7,178 | +€2,379 | +49.6% |
| Furniture and vehicles | 24 | €10,824 | €5,127 | -€5,696 | -52.6% |
| Leasing and similar rights | 25 | €49,259 | €35,354 | -€13,905 | -28.2% |
| Other tangible fixed assets | 26 | €15,440 | €14,159 | -€1,281 | -8.3% |
| Current assets | 29/58 | €165,978 | €144,056 | -€21,922 | -13.2% |
| Amounts receivable within one year | 40/41 | €910 | €1,554 | +€644 | +70.8% |
| Trade receivables | 40 | €797 | €0 | -€797 | -100% |
| Other amounts receivable | 41 | €113 | €1,554 | +€1,441 | +1,276% |
| Cash at bank and in hand | 54/58 | €165,068 | €142,502 | -€22,566 | -13.7% |
| Total equity and liabilities | 10/49 | €246,298 | €205,874 | -€40,425 | -16.4% |
| Equity | 10/15 | €99,403 | €122,280 | +€22,877 | +23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,003 | €109,880 | +€22,877 | +26.3% |
| Distributable reserves | 133 | €87,003 | €109,880 | +€22,877 | +26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €61,766 | €29,917 | -€31,849 | -51.6% |
| Provisions for liabilities and charges | 160/5 | €61,766 | €29,917 | -€31,849 | -51.6% |
| Other liabilities and charges | 164/5 | €61,766 | €29,917 | -€31,849 | -51.6% |
| Amounts payable | 17/49 | €85,129 | €53,676 | -€31,453 | -36.9% |
| Amounts payable after more than one year | 17 | €35,105 | €24,186 | -€10,919 | -31.1% |
| Financial debts | 170/4 | €35,105 | €24,186 | -€10,919 | -31.1% |
| Amounts payable within one year | 42/48 | €50,024 | €29,490 | -€20,534 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €10,484 | €10,919 | +€435 | +4.1% |
| Financial debts | 43 | - | €2,604 | +€2,604 | |
| Credit institutions | 430/8 | - | €2,604 | +€2,604 | |
| Trade debts | 44 | €791 | €2,540 | +€1,749 | +221% |
| Suppliers | 440/4 | €791 | €2,540 | +€1,749 | +221% |
| Taxes, remuneration and social security | 45 | €7,936 | €10,354 | +€2,418 | +30.5% |
| Taxes | 450/3 | €7,936 | €10,354 | +€2,418 | +30.5% |
| Other amounts payable | 47/48 | €30,814 | €3,073 | -€27,741 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,289 | €24,851 | -€438 | -1.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,374 | -€33,363 | +€11 | 0.0% |
| Other operating charges | 640/8 | €35,980 | €35,321 | -€659 | -1.8% |
| Non-recurring operating charges | 66A | €417 | €60 | -€356 | -85.5% |
| Gross operating margin | 9900 | €66,869 | €64,361 | -€2,508 | -3.8% |
| Operating profit (loss) | 9901 | €38,558 | €37,492 | -€1,065 | -2.8% |
| Financial income | 75/76B | €4,430 | €3 | -€4,427 | -99.9% |
| Recurring financial income | 75 | €4,430 | €3 | -€4,427 | -99.9% |
| Financial charges | 65/66B | €2,575 | €4,045 | +€1,470 | +57.1% |
| Recurring financial charges | 65 | €2,575 | €4,045 | +€1,470 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €40,413 | €33,450 | -€6,963 | -17.2% |
| Income taxes | 67/77 | €12,473 | €10,573 | -€1,900 | -15.2% |
| Profit (loss) for the period | 9904 | €27,940 | €22,877 | -€5,063 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,940 | €22,877 | -€5,063 | -18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.