TO Consult: what changed
Two fiscal 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.
TO Consult
Largest movements
- Cash -€15,578
down €15,578 (-40.4%), from €38,562 to €22,983
mainly Contributions, distributions and other (-€50,000) and Other debts (-€4,366)
- Tangible fixed assets -€1,349
down €1,349 (-29.3%), from €4,613 to €3,263
of which Furniture and vehicles: -€1,181
- Receivables within one year -€778
down €778 (-5.5%), from €14,100 to €13,322
of which Trade receivables: -€778
- Reserves -€8,246
down €8,246 (-74.0%), from €11,140 to €2,895
- Other debts -€4,366
down €4,366 (-96.7%), from €4,514 to €148
- Accrued charges and deferred income -€3,054
down €3,054 (-96.0%), from €3,180 to €126
- Tax, wage and social debts -€1,985
down €1,985 (-10.8%), from €18,457 to €16,472
- Gross operating margin -€9,864
down €9,864 (-13.1%), from €75,080 to €65,216
- Taxes +€3,239
up €3,239 (+21.0%), from €15,444 to €18,683
- Financial charges +€2,073
up €2,073 (+622.0%), from €333 to €2,407
- Depreciation -€935
down €935 (-40.9%), from €2,284 to €1,349
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.
Cash bridge derived
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 | €57,274 | €39,649 | -€17,625 | -30.8% |
| Fixed assets | 21/28 | €4,613 | €3,263 | -€1,349 | -29.3% |
| Tangible fixed assets | 22/27 | €4,613 | €3,263 | -€1,349 | -29.3% |
| Furniture and vehicles | 24 | €3,296 | €2,115 | -€1,181 | -35.8% |
| Other tangible fixed assets | 26 | €1,317 | €1,149 | -€168 | -12.8% |
| Current assets | 29/58 | €52,661 | €36,386 | -€16,275 | -30.9% |
| Amounts receivable within one year | 40/41 | €14,100 | €13,322 | -€778 | -5.5% |
| Trade receivables | 40 | €14,100 | €13,322 | -€778 | -5.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €38,562 | €22,983 | -€15,578 | -40.4% |
| Deferred charges and accrued income | 490/1 | €0 | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €57,274 | €39,649 | -€17,625 | -30.8% |
| Equity | 10/15 | €29,740 | €21,495 | -€8,246 | -27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,140 | €2,895 | -€8,246 | -74.0% |
| Distributable reserves | 133 | €11,140 | €2,895 | -€8,246 | -74.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,534 | €18,155 | -€9,379 | -34.1% |
| Amounts payable within one year | 42/48 | €24,354 | €18,029 | -€6,325 | -26.0% |
| Trade debts | 44 | €1,382 | €1,409 | +€26 | +1.9% |
| Suppliers | 440/4 | €1,382 | €1,409 | +€26 | +1.9% |
| Taxes, remuneration and social security | 45 | €18,457 | €16,472 | -€1,985 | -10.8% |
| Taxes | 450/3 | €18,457 | €16,472 | -€1,985 | -10.8% |
| Other amounts payable | 47/48 | €4,514 | €148 | -€4,366 | -96.7% |
| Accrued charges and deferred income | 492/3 | €3,180 | €126 | -€3,054 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €1,349 | -€935 | -40.9% |
| Other operating charges | 640/8 | €1,119 | €1,023 | -€96 | -8.6% |
| Gross operating margin | 9900 | €75,080 | €65,216 | -€9,864 | -13.1% |
| Operating profit (loss) | 9901 | €71,677 | €62,844 | -€8,833 | -12.3% |
| Financial charges | 65/66B | €333 | €2,407 | +€2,073 | +622.0% |
| Recurring financial charges | 65 | €333 | €2,407 | +€2,073 | +622.0% |
| Profit (loss) for the period before taxes | 9903 | €71,344 | €60,437 | -€10,906 | -15.3% |
| Income taxes | 67/77 | €15,444 | €18,683 | +€3,239 | +21.0% |
| Profit (loss) for the period | 9904 | €55,900 | €41,754 | -€14,145 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,900 | €41,754 | -€14,145 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.