Top-Management 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.
Top-Management Consulting
Largest movements
- Receivables within one year +€102,337
up €102,337 (+904%), from €11,316 to €113,653
of which Trade receivables: +€105,421
- Tangible fixed assets -€8,768
down €8,768 (-35.9%), from €24,399 to €15,631
of which Furniture and vehicles: -€7,355
- Cash +€4,353
up €4,353 (+10.6%), from €41,230 to €45,583
mainly Other debts (+€111,694) and Net result for the year (+€107,429)
- Deferred charges and accrued income +€2,439
up €2,439 (+225%), from €1,085 to €3,524
- Other debts +€111,694
up €111,694 (+2,213%), from €5,047 to €116,741
- Profit (loss) carried forward -€49,687
no longer reported in 2025 (was €49,687)
- Tax, wage and social debts +€34,267
up €34,267 (+2,831%), from €1,210 to €35,477
- Trade debts +€4,089
up €4,089 (+111%), from €3,689 to €7,777
- Gross operating margin +€70,686
up €70,686 (+78.2%), from €90,404 to €161,089
- Taxes +€19,597
up €19,597 (+90.0%), from €21,766 to €41,362
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 | €78,330 | €178,691 | +€100,362 | +128% |
| Fixed assets | 21/28 | €24,699 | €15,931 | -€8,768 | -35.5% |
| Tangible fixed assets | 22/27 | €24,399 | €15,631 | -€8,768 | -35.9% |
| Land and buildings | 22 | €717 | €478 | -€239 | -33.3% |
| Plant, machinery and equipment | 23 | €4,971 | €4,333 | -€638 | -12.8% |
| Furniture and vehicles | 24 | €16,947 | €9,592 | -€7,355 | -43.4% |
| Other tangible fixed assets | 26 | €1,765 | €1,229 | -€536 | -30.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €53,631 | €162,760 | +€109,130 | +203% |
| Amounts receivable within one year | 40/41 | €11,316 | €113,653 | +€102,337 | +904% |
| Trade receivables | 40 | €7,850 | €113,271 | +€105,421 | +1,343% |
| Other amounts receivable | 41 | €3,466 | €383 | -€3,084 | -89.0% |
| Cash at bank and in hand | 54/58 | €41,230 | €45,583 | +€4,353 | +10.6% |
| Deferred charges and accrued income | 490/1 | €1,085 | €3,524 | +€2,439 | +225% |
| Total equity and liabilities | 10/49 | €78,330 | €178,691 | +€100,362 | +128% |
| Equity | 10/15 | €68,383 | €18,696 | -€49,687 | -72.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96 | €96 | = | 0.0% |
| Non-distributable reserves | 130/1 | €96 | €96 | = | 0.0% |
| Reserves not available under the articles | 1311 | €96 | €96 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,687 | - | -€49,687 | |
| Amounts payable | 17/49 | €9,946 | €159,995 | +€150,049 | +1,509% |
| Amounts payable within one year | 42/48 | €9,946 | €159,995 | +€150,049 | +1,509% |
| Trade debts | 44 | €3,689 | €7,777 | +€4,089 | +111% |
| Suppliers | 440/4 | €3,689 | €7,777 | +€4,089 | +111% |
| Taxes, remuneration and social security | 45 | €1,210 | €35,477 | +€34,267 | +2,831% |
| Taxes | 450/3 | €1,210 | €35,477 | +€34,267 | +2,831% |
| Other amounts payable | 47/48 | €5,047 | €116,741 | +€111,694 | +2,213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,064 | €11,158 | -€906 | -7.5% |
| Other operating charges | 640/8 | €413 | €974 | +€561 | +136% |
| Gross operating margin | 9900 | €90,404 | €161,089 | +€70,686 | +78.2% |
| Operating profit (loss) | 9901 | €77,927 | €148,958 | +€71,031 | +91.1% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €94 | €166 | +€73 | +77.5% |
| Recurring financial charges | 65 | €94 | €166 | +€73 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €77,859 | €148,792 | +€70,933 | +91.1% |
| Income taxes | 67/77 | €21,766 | €41,362 | +€19,597 | +90.0% |
| Profit (loss) for the period | 9904 | €56,093 | €107,429 | +€51,336 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,093 | €107,429 | +€51,336 | +91.5% |
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 29 October 2026 via checked.be.