V2: 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
V2
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€59,600
2024 · €55,123+€4,476
Equity
€222,955
2024 · €246,723-€23,768
Cash
-
2024 · €0
Balance sheet total
€1.0m
2024 · €1.1m-€76,265
Largest movements
Assets
- Tangible fixed assets -€78,963
down €78,963 (-7.2%), from €1.1m to €1.0m
of which Land and buildings: -€59,204
Equity and liabilities
- Other debts +€164,248
up €164,248 (+3157.6%), from €5,202 to €169,450
- Provisions -€122,570
down €122,570 (-80.1%), from €153,074 to €30,504
of which Provisions for liabilities and charges: -€106,081
- Debts after one year -€101,803
down €101,803 (-18.0%), from €565,463 to €463,661
- Reserves -€23,768
down €23,768 (-5.5%), from €434,266 to €410,498
of which Distributable reserves: -€18,506
Income statement
- Provisions -€106,081
new in 2025: -€106,081
- Gross operating margin -€52,335
down €52,335 (-28.1%), from €186,417 to €134,083
- Financial charges +€25,591
up €25,591 (+263.6%), from €9,710 to €35,301
- Taxes +€22,951
up €22,951 (+81.2%), from €28,275 to €51,226
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
€55,123
Gross operating margin
-€52,335
Depreciation
+€198
Provisions
+€106,081
Other operating charges
+€801
Financial income
-€54
Financial charges
-€25,591
Taxes
-€22,951
Deferred taxes and other
-€1,672
Result 2025
€59,600
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
+€198,608
Investment
-€14,066
Financing
-€184,542
Cash 2024
€0
From operations (derived)
+€198,608
Net result for the year
+€59,600
Depreciation
+€93,029
Receivables within one year
-€2,028
Deferred charges and accrued income
-€669
Provisions
-€122,570
Trade debts
-€1,623
Tax, wage and social debts
+€8,364
Other debts
+€164,248
Accrued charges and deferred income
+€258
Investment (derived)
-€14,066
Investment in fixed assets (net)
-€14,066
Financing
-€184,542
Debts after one year
-€101,803
Current portion of long-term debt
+€1,284
Short-term financial debts
-€656
Contributions, distributions and other
-€83,368
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,103,176 | €1,026,910 | -€76,265 | -6.9% |
| Fixed assets | 21/28 | €1,096,468 | €1,017,505 | -€78,963 | -7.2% |
| Tangible fixed assets | 22/27 | €1,095,693 | €1,016,730 | -€78,963 | -7.2% |
| Land and buildings | 22 | €1,054,681 | €995,478 | -€59,204 | -5.6% |
| Plant, machinery and equipment | 23 | €387 | €167 | -€220 | -56.8% |
| Furniture and vehicles | 24 | €40,625 | €21,085 | -€19,539 | -48.1% |
| Financial fixed assets | 28 | €775 | €775 | = | 0.0% |
| Current assets | 29/58 | €6,708 | €9,405 | +€2,698 | +40.2% |
| Amounts receivable within one year | 40/41 | €3,172 | €5,200 | +€2,028 | +63.9% |
| Trade receivables | 40 | €2,350 | €5,200 | +€2,850 | +121.3% |
| Other amounts receivable | 41 | €822 | €0 | -€822 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,536 | €4,205 | +€669 | +18.9% |
| Total equity and liabilities | 10/49 | €1,103,176 | €1,026,910 | -€76,265 | -6.9% |
| Equity | 10/15 | €246,723 | €222,955 | -€23,768 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €434,266 | €410,498 | -€23,768 | -5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €96,774 | €91,512 | -€5,262 | -5.4% |
| Distributable reserves | 133 | €337,492 | €318,986 | -€18,506 | -5.5% |
| Profit (loss) carried forward | 14 | -€206,144 | -€206,144 | = | 0.0% |
| Provisions and deferred taxes | 16 | €153,074 | €30,504 | -€122,570 | -80.1% |
| Provisions for liabilities and charges | 160/5 | €106,081 | €0 | -€106,081 | -100.0% |
| Pensions and similar obligations | 160 | €106,081 | €0 | -€106,081 | -100.0% |
| Deferred taxes | 168 | €46,993 | €30,504 | -€16,489 | -35.1% |
| Amounts payable | 17/49 | €703,379 | €773,452 | +€70,073 | +10.0% |
| Amounts payable after more than one year | 17 | €565,463 | €463,661 | -€101,803 | -18.0% |
| Financial debts | 170/4 | €565,463 | €463,661 | -€101,803 | -18.0% |
| Amounts payable within one year | 42/48 | €137,915 | €309,533 | +€171,617 | +124.4% |
| Current portion of amounts payable after more than one year | 42 | €105,822 | €107,106 | +€1,284 | +1.2% |
| Financial debts | 43 | €4,342 | €3,686 | -€656 | -15.1% |
| Credit institutions | 430/8 | €4,342 | €3,686 | -€656 | -15.1% |
| Trade debts | 44 | €9,047 | €7,425 | -€1,623 | -17.9% |
| Suppliers | 440/4 | €9,047 | €7,425 | -€1,623 | -17.9% |
| Taxes, remuneration and social security | 45 | €13,502 | €21,866 | +€8,364 | +61.9% |
| Taxes | 450/3 | €13,502 | €21,866 | +€8,364 | +61.9% |
| Other amounts payable | 47/48 | €5,202 | €169,450 | +€164,248 | +3157.6% |
| Accrued charges and deferred income | 492/3 | - | €258 | +€258 | |
| Non-recurring operating income | 76A | €892 | €0 | -€892 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,226 | €93,029 | -€198 | -0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€106,081 | -€106,081 | |
| Other operating charges | 640/8 | €7,250 | €6,448 | -€801 | -11.1% |
| Gross operating margin | 9900 | €186,417 | €134,083 | -€52,335 | -28.1% |
| Operating profit (loss) | 9901 | €85,942 | €140,687 | +€54,745 | +63.7% |
| Financial income | 75/76B | €56 | €1 | -€54 | -97.4% |
| Recurring financial income | 75 | €56 | €1 | -€54 | -97.4% |
| Financial charges | 65/66B | €9,710 | €35,301 | +€25,591 | +263.6% |
| Recurring financial charges | 65 | €9,710 | €35,301 | +€25,591 | +263.6% |
| Profit (loss) for the period before taxes | 9903 | €76,288 | €105,388 | +€29,100 | +38.1% |
| Transfer from deferred taxes | 780 | €7,110 | €5,438 | -€1,672 | -23.5% |
| Income taxes | 67/77 | €28,275 | €51,226 | +€22,951 | +81.2% |
| Profit (loss) for the period | 9904 | €55,123 | €59,600 | +€4,476 | +8.1% |
| Transfer from tax-exempt reserves | 789 | €14,641 | €16,313 | +€1,672 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,765 | €75,913 | +€6,148 | +8.8% |
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 30 September 2026 via checked.be.