VAN TIGCHELT 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.
VAN TIGCHELT CONSULTING
Largest movements
- Tangible fixed assets -€35,453
down €35,453 (-20.4%), from €173,376 to €137,923
of which Other tangible fixed assets: -€21,512
- Receivables within one year +€13,608
up €13,608 (+14.7%), from €92,719 to €106,327
of which Trade receivables: +€13,608
- Cash -€11,917
down €11,917 (-32.5%), from €36,665 to €24,748
mainly Other debts (-€209,218) and Receivables within one year (-€13,608)
- Current investments -€10,373
down €10,373 (-2.1%), from €489,306 to €478,933
- Other debts -€209,218
down €209,218 (-84.6%), from €247,366 to €38,148
- Reserves +€152,150
up €152,150 (+29.7%), from €512,490 to €664,640
of which Distributable reserves: +€152,150
- Tax, wage and social debts +€11,829
up €11,829 (+61.9%), from €19,122 to €30,951
- Gross operating margin +€51,827
up €51,827 (+26.6%), from €194,645 to €246,471
- Taxes +€13,877
up €13,877 (+26.6%), from €52,204 to €66,081
- Depreciation +€9,941
up €9,941 (+39.0%), from €25,513 to €35,453
- Financial income -€2,688
down €2,688 (-22.1%), from €12,138 to €9,450
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 | €792,065 | €747,930 | -€44,135 | -5.6% |
| Fixed assets | 21/28 | €173,376 | €137,923 | -€35,453 | -20.4% |
| Tangible fixed assets | 22/27 | €173,376 | €137,923 | -€35,453 | -20.4% |
| Plant, machinery and equipment | 23 | €6,429 | €4,888 | -€1,541 | -24.0% |
| Furniture and vehicles | 24 | €59,389 | €46,988 | -€12,401 | -20.9% |
| Other tangible fixed assets | 26 | €107,558 | €86,046 | -€21,512 | -20.0% |
| Current assets | 29/58 | €618,690 | €610,007 | -€8,682 | -1.4% |
| Amounts receivable within one year | 40/41 | €92,719 | €106,327 | +€13,608 | +14.7% |
| Trade receivables | 40 | €57,719 | €71,327 | +€13,608 | +23.6% |
| Other amounts receivable | 41 | €35,000 | €35,000 | = | 0.0% |
| Current investments | 50/53 | €489,306 | €478,933 | -€10,373 | -2.1% |
| Cash at bank and in hand | 54/58 | €36,665 | €24,748 | -€11,917 | -32.5% |
| Total equity and liabilities | 10/49 | €792,065 | €747,930 | -€44,135 | -5.6% |
| Equity | 10/15 | €525,285 | €677,443 | +€152,158 | +29.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €512,490 | €664,640 | +€152,150 | +29.7% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €508,990 | €661,140 | +€152,150 | +29.9% |
| Profit (loss) carried forward | 14 | €395 | €403 | +€8 | +2.0% |
| Amounts payable | 17/49 | €266,780 | €70,487 | -€196,293 | -73.6% |
| Amounts payable within one year | 42/48 | €266,780 | €70,487 | -€196,293 | -73.6% |
| Trade debts | 44 | €293 | €1,389 | +€1,095 | +373% |
| Suppliers | 440/4 | €293 | €1,389 | +€1,095 | +373% |
| Taxes, remuneration and social security | 45 | €19,122 | €30,951 | +€11,829 | +61.9% |
| Taxes | 450/3 | €19,122 | €30,951 | +€11,829 | +61.9% |
| Other amounts payable | 47/48 | €247,366 | €38,148 | -€209,218 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,513 | €35,453 | +€9,941 | +39.0% |
| Other operating charges | 640/8 | €1,983 | €1,828 | -€156 | -7.8% |
| Gross operating margin | 9900 | €194,645 | €246,471 | +€51,827 | +26.6% |
| Operating profit (loss) | 9901 | €167,148 | €209,190 | +€42,042 | +25.2% |
| Financial income | 75/76B | €12,138 | €9,450 | -€2,688 | -22.1% |
| Recurring financial income | 75 | €12,138 | €9,450 | -€2,688 | -22.1% |
| Financial charges | 65/66B | €655 | €401 | -€254 | -38.8% |
| Recurring financial charges | 65 | €655 | €401 | -€254 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €178,631 | €218,239 | +€39,608 | +22.2% |
| Income taxes | 67/77 | €52,204 | €66,081 | +€13,877 | +26.6% |
| Profit (loss) for the period | 9904 | €126,427 | €152,158 | +€25,731 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,427 | €152,158 | +€25,731 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.