TO 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.
TO Consulting
Largest movements
- Cash +€57,237
up €57,237 (+105%), from €54,290 to €111,527
mainly Net result for the year (+€44,554) and Other debts (+€6,000)
- Receivables within one year -€2,188
down €2,188 (-12.0%), from €18,258 to €16,070
of which Trade receivables: -€1,351
- Reserves +€44,554
up €44,554 (+135%), from €32,938 to €77,492
- Other debts +€6,000
up €6,000 (+21.3%), from €28,188 to €34,188
- Tax, wage and social debts +€3,790
up €3,790 (+123%), from €3,069 to €6,859
- Gross operating margin +€21,091
up €21,091 (+49.7%), from €42,432 to €63,523
- Taxes +€7,623
up €7,623 (+76.3%), from €9,986 to €17,609
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 | €76,041 | €131,375 | +€55,334 | +72.8% |
| Fixed assets | 21/28 | €3,493 | €3,778 | +€285 | +8.2% |
| Tangible fixed assets | 22/27 | €1,693 | €1,978 | +€285 | +16.9% |
| Furniture and vehicles | 24 | €1,693 | €1,978 | +€285 | +16.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €72,548 | €127,597 | +€55,049 | +75.9% |
| Amounts receivable within one year | 40/41 | €18,258 | €16,070 | -€2,188 | -12.0% |
| Trade receivables | 40 | €13,351 | €12,000 | -€1,351 | -10.1% |
| Other amounts receivable | 41 | €4,907 | €4,070 | -€836 | -17.0% |
| Cash at bank and in hand | 54/58 | €54,290 | €111,527 | +€57,237 | +105% |
| Total equity and liabilities | 10/49 | €76,041 | €131,375 | +€55,334 | +72.8% |
| Equity | 10/15 | €43,850 | €88,404 | +€44,554 | +102% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,938 | €77,492 | +€44,554 | +135% |
| Distributable reserves | 133 | €32,938 | €77,492 | +€44,554 | +135% |
| Profit (loss) carried forward | 14 | €4,713 | €4,713 | = | 0.0% |
| Amounts payable | 17/49 | €32,191 | €42,971 | +€10,780 | +33.5% |
| Amounts payable within one year | 42/48 | €32,191 | €42,559 | +€10,368 | +32.2% |
| Financial debts | 43 | €480 | €0 | -€480 | -100% |
| Credit institutions | 430/8 | €480 | €0 | -€480 | -100% |
| Trade debts | 44 | €453 | €1,512 | +€1,059 | +233% |
| Suppliers | 440/4 | €453 | €1,512 | +€1,059 | +233% |
| Taxes, remuneration and social security | 45 | €3,069 | €6,859 | +€3,790 | +123% |
| Taxes | 450/3 | €3,069 | €6,859 | +€3,790 | +123% |
| Other amounts payable | 47/48 | €28,188 | €34,188 | +€6,000 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €784 | +€378 | +93.1% |
| Other operating charges | 640/8 | €709 | €400 | -€309 | -43.6% |
| Gross operating margin | 9900 | €42,432 | €63,523 | +€21,091 | +49.7% |
| Operating profit (loss) | 9901 | €41,317 | €62,339 | +€21,022 | +50.9% |
| Financial income | 75/76B | €279 | €0 | -€279 | -100% |
| Recurring financial income | 75 | €279 | €0 | -€279 | -100% |
| Financial charges | 65/66B | €532 | €176 | -€356 | -66.9% |
| Recurring financial charges | 65 | €532 | €176 | -€356 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €41,064 | €62,163 | +€21,099 | +51.4% |
| Income taxes | 67/77 | €9,986 | €17,609 | +€7,623 | +76.3% |
| Profit (loss) for the period | 9904 | €31,078 | €44,554 | +€13,476 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,078 | €44,554 | +€13,476 | +43.4% |
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 16 October 2026 via checked.be.