Update-pro: 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.
What changed
Update-pro
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.2m+€372,052
Equity
€3.2m
2024 · €2.8m+€379,744
Cash
€647,908
2024 · €731,749-€83,841
Balance sheet total
€8.1m
2024 · €7.5m+€630,092
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+19.0%), from €6.1m to €7.2m
of which Trade receivables: +€1.3m
- Intangible fixed assets -€442,603
no longer reported in 2025 (was €442,603)
- Cash -€83,841
down €83,841 (-11.5%), from €731,749 to €647,908
mainly Contributions, distributions and other (-€1.2m) and Receivables within one year (-€1.2m)
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+71.2%), from €1.8m to €3.1m
- Reserves -€900,480
down €900,480 (-99.8%), from €902,250 to €1,770
- Other debts +€528,870
up €528,870 (+184.4%), from €286,835 to €815,704
- Tax, wage and social debts -€506,602
down €506,602 (-14.3%), from €3.5m to €3.0m
of which Remuneration and social security: -€467,370
- Trade debts +€441,430
up €441,430 (+85.5%), from €516,413 to €957,843
Income statement
- Turnover +€10.5m
up €10.5m (+35.4%), from €29.7m to €40.2m
- Staff costs +€9.7m
up €9.7m (+35.9%), from €27.0m to €36.7m
- Services and other goods +€411,259
up €411,259 (+27.8%), from €1.5m to €1.9m
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.
Result 2024
€1.2m
Turnover
+€10.5m
Other operating income
+€62,920
Goods and materials
-€1,613
Services and other goods
-€411,259
Staff costs
-€9.7m
Depreciation
+€185,770
Write-downs
-€3,135
Other operating charges
-€2,606
Other operating items
-€66,845
Financial income
-€51
Financial charges
+€7,705
Taxes
-€197,225
Result 2025
€1.6m
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.
From operations
+€946,829
Investment
+€360,832
Financing
-€1.4m
Cash 2024
€731,749
From operations (derived)
+€946,829
Net result for the year
+€1.6m
Depreciation
+€64,407
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€13,294
Trade debts
+€441,430
Tax, wage and social debts
-€506,602
Other debts
+€528,870
Accrued charges and deferred income
-€23,000
Investment (derived)
+€360,832
Investment in fixed assets (net)
+€360,832
Financing
-€1.4m
Debts after one year
+€8,614
Current portion of long-term debt
+€9,086
Short-term financial debts
-€208,051
Contributions, distributions and other
-€1.2m
Cash 2025
€647,908
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,484,897 | €8,114,988 | +€630,092 | +8.4% |
| Fixed assets | 21/28 | €664,977 | €239,737 | -€425,240 | -63.9% |
| Intangible fixed assets | 21 | €442,603 | - | -€442,603 | |
| Tangible fixed assets | 22/27 | €220,587 | €239,433 | +€18,846 | +8.5% |
| Plant, machinery and equipment | 23 | €3,000 | €1,261 | -€1,738 | -57.9% |
| Furniture and vehicles | 24 | €185,425 | €219,917 | +€34,493 | +18.6% |
| Other tangible fixed assets | 26 | €32,163 | €18,254 | -€13,909 | -43.2% |
| Financial fixed assets | 28 | €1,786 | €304 | -€1,482 | -83.0% |
| Other financial fixed assets | 284/8 | €1,786 | €304 | -€1,482 | -83.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,786 | €304 | -€1,482 | -83.0% |
| Current assets | 29/58 | €6,819,920 | €7,875,251 | +€1.1m | +15.5% |
| Amounts receivable within one year | 40/41 | €6,074,877 | €7,227,343 | +€1.2m | +19.0% |
| Trade receivables | 40 | €5,125,822 | €6,437,740 | +€1.3m | +25.6% |
| Other amounts receivable | 41 | €949,055 | €789,603 | -€159,453 | -16.8% |
| Cash at bank and in hand | 54/58 | €731,749 | €647,908 | -€83,841 | -11.5% |
| Deferred charges and accrued income | 490/1 | €13,294 | - | -€13,294 | |
| Total equity and liabilities | 10/49 | €7,484,897 | €8,114,988 | +€630,092 | +8.4% |
| Equity | 10/15 | €2,813,592 | €3,193,336 | +€379,744 | +13.5% |
| Contributions | 10/11 | €93,592 | €78,869 | -€14,723 | -15.7% |
| Reserves | 13 | €902,250 | €1,770 | -€900,480 | -99.8% |
| Distributable reserves | 133 | €902,250 | €1,770 | -€900,480 | -99.8% |
| Profit (loss) carried forward | 14 | €1,817,750 | €3,112,698 | +€1.3m | +71.2% |
| Amounts payable | 17/49 | €4,671,305 | €4,921,652 | +€250,347 | +5.4% |
| Amounts payable after more than one year | 17 | - | €8,614 | +€8,614 | |
| Financial debts | 170/4 | - | €8,614 | +€8,614 | |
| Credit institutions | 173 | - | €8,614 | +€8,614 | |
| Amounts payable within one year | 42/48 | €4,648,305 | €4,913,038 | +€264,733 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,086 | +€9,086 | |
| Financial debts | 43 | €302,307 | €94,256 | -€208,051 | -68.8% |
| Credit institutions | 430/8 | €302,307 | €94,256 | -€208,051 | -68.8% |
| Trade debts | 44 | €516,413 | €957,843 | +€441,430 | +85.5% |
| Suppliers | 440/4 | €516,413 | €957,843 | +€441,430 | +85.5% |
| Taxes, remuneration and social security | 45 | €3,542,750 | €3,036,149 | -€506,602 | -14.3% |
| Taxes | 450/3 | €1,163,274 | €1,124,042 | -€39,232 | -3.4% |
| Remuneration and social security | 454/9 | €2,379,476 | €1,912,107 | -€467,370 | -19.6% |
| Other amounts payable | 47/48 | €286,835 | €815,704 | +€528,870 | +184.4% |
| Accrued charges and deferred income | 492/3 | €23,000 | - | -€23,000 | |
| Operating income | 70/76A | €30,514,372 | €41,005,178 | +€10.5m | +34.4% |
| Turnover | 70 | €29,669,435 | €40,164,166 | +€10.5m | +35.4% |
| Other operating income | 74 | €750,444 | €813,364 | +€62,920 | +8.4% |
| Non-recurring operating income | 76A | €94,493 | €27,648 | -€66,845 | -70.7% |
| Operating charges | 60/66A | €28,741,957 | €38,671,138 | +€9.9m | +34.5% |
| Goods for resale, raw materials and consumables | 60 | €480 | €2,093 | +€1,613 | +335.9% |
| Purchases | 600/8 | €480 | €2,093 | +€1,613 | +335.9% |
| Services and other goods | 61 | €1,481,452 | €1,892,712 | +€411,259 | +27.8% |
| Remuneration, social security and pensions | 62 | €27,005,520 | €36,701,858 | +€9.7m | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,177 | €64,407 | -€185,770 | -74.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €360 | €3,495 | +€3,135 | +871.1% |
| Other operating charges | 640/8 | €3,967 | €6,573 | +€2,606 | +65.7% |
| Operating profit (loss) | 9901 | €1,772,415 | €2,334,039 | +€561,624 | +31.7% |
| Financial income | 75/76B | €3,235 | €3,183 | -€51 | -1.6% |
| Recurring financial income | 75 | €3,235 | €3,183 | -€51 | -1.6% |
| Other financial income | 752/9 | €3,235 | €3,183 | -€51 | -1.6% |
| Financial charges | 65/66B | €206,131 | €198,426 | -€7,705 | -3.7% |
| Recurring financial charges | 65 | €206,131 | €198,426 | -€7,705 | -3.7% |
| Debt charges | 650 | €70,655 | €25,494 | -€45,161 | -63.9% |
| Other financial charges | 652/9 | €135,476 | €172,933 | +€37,456 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €1,569,519 | €2,138,796 | +€569,277 | +36.3% |
| Income taxes | 67/77 | €360,675 | €557,900 | +€197,225 | +54.7% |
| Taxes | 670/3 | €408,800 | €557,900 | +€149,100 | +36.5% |
| Tax adjustments and reversals of tax provisions | 77 | €48,125 | - | -€48,125 | |
| Profit (loss) for the period | 9904 | €1,208,844 | €1,580,896 | +€372,052 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,208,844 | €1,580,896 | +€372,052 | +30.8% |
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 7 October 2026 via checked.be.