TZ 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.
TZ Consult
Largest movements
- Tangible fixed assets +€50,172
up €50,172 (+3855.6%), from €1,301 to €51,473
- Cash +€37,100
up €37,100 (+63.2%), from €58,705 to €95,804
mainly Net result for the year (+€74,485) and Other debts (+€30,000)
- Receivables within one year +€4,163
up €4,163 (+28.0%), from €14,875 to €19,038
of which Trade receivables: +€3,180
- Other debts +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
- Profit (loss) carried forward +€24,485
up €24,485 (+15.6%), from €157,410 to €181,895
- Debts after one year +€17,645
up €17,645 (+43.4%), from €40,679 to €58,324
- Tax, wage and social debts +€9,479
up €9,479 (+138.2%), from €6,859 to €16,338
- Short-term financial debts +€5,741
new in 2025: €5,741
- Gross operating margin +€30,302
up €30,302 (+39.6%), from €76,464 to €106,766
- Taxes +€6,635
up €6,635 (+32.9%), from €20,164 to €26,799
- Depreciation +€2,935
up €2,935 (+1925.2%), from €152 to €3,088
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 | €277,710 | €369,025 | +€91,315 | +32.9% |
| Fixed assets | 21/28 | €193,642 | €243,814 | +€50,172 | +25.9% |
| Tangible fixed assets | 22/27 | €1,301 | €51,473 | +€50,172 | +3855.6% |
| Furniture and vehicles | 24 | €1,301 | €51,473 | +€50,172 | +3855.6% |
| Financial fixed assets | 28 | €192,341 | €192,341 | = | 0.0% |
| Current assets | 29/58 | €84,068 | €125,211 | +€41,143 | +48.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,875 | €19,038 | +€4,163 | +28.0% |
| Trade receivables | 40 | €14,712 | €17,892 | +€3,180 | +21.6% |
| Other amounts receivable | 41 | €163 | €1,146 | +€983 | +603.7% |
| Cash at bank and in hand | 54/58 | €58,705 | €95,804 | +€37,100 | +63.2% |
| Deferred charges and accrued income | 490/1 | €489 | €369 | -€120 | -24.5% |
| Total equity and liabilities | 10/49 | €277,710 | €369,025 | +€91,315 | +32.9% |
| Equity | 10/15 | €182,410 | €206,895 | +€24,485 | +13.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,410 | €181,895 | +€24,485 | +15.6% |
| Amounts payable | 17/49 | €95,300 | €162,130 | +€66,830 | +70.1% |
| Amounts payable after more than one year | 17 | €40,679 | €58,324 | +€17,645 | +43.4% |
| Financial debts | 170/4 | €40,679 | €58,324 | +€17,645 | +43.4% |
| Amounts payable within one year | 42/48 | €54,620 | €103,806 | +€49,185 | +90.0% |
| Current portion of amounts payable after more than one year | 42 | €26,383 | €30,360 | +€3,977 | +15.1% |
| Financial debts | 43 | - | €5,741 | +€5,741 | |
| Credit institutions | 430/8 | - | €5,741 | +€5,741 | |
| Trade debts | 44 | €1,378 | €1,367 | -€12 | -0.9% |
| Suppliers | 440/4 | €1,378 | €1,367 | -€12 | -0.9% |
| Taxes, remuneration and social security | 45 | €6,859 | €16,338 | +€9,479 | +138.2% |
| Taxes | 450/3 | €6,859 | €16,338 | +€9,479 | +138.2% |
| Other amounts payable | 47/48 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €3,088 | +€2,935 | +1925.2% |
| Other operating charges | 640/8 | €378 | €491 | +€113 | +30.0% |
| Non-recurring operating charges | 66A | - | €12 | +€12 | |
| Gross operating margin | 9900 | €76,464 | €106,766 | +€30,302 | +39.6% |
| Operating profit (loss) | 9901 | €75,934 | €103,175 | +€27,241 | +35.9% |
| Financial income | 75/76B | €221 | €296 | +€74 | +33.6% |
| Recurring financial income | 75 | €221 | €296 | +€74 | +33.6% |
| Financial charges | 65/66B | €1,647 | €2,187 | +€540 | +32.8% |
| Recurring financial charges | 65 | €1,647 | €2,187 | +€540 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €74,508 | €101,284 | +€26,775 | +35.9% |
| Income taxes | 67/77 | €20,164 | €26,799 | +€6,635 | +32.9% |
| Profit (loss) for the period | 9904 | €54,345 | €74,485 | +€20,140 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,345 | €74,485 | +€20,140 | +37.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.