RESULTHINK: 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.
What changed
RESULTHINK
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€118,113
2024 · €2.2m-€2.1m
Equity
€5.4m
2024 · €5.3m+€118,113
Cash
-
not filed
Balance sheet total
€5.6m
2024 · €5.5m+€118,491
Largest movements
Assets
- Receivables after one year +€233,933
up €233,933 (+7.8%), from €3.0m to €3.2m
- Tangible fixed assets -€87,312
down €87,312 (-11.6%), from €750,705 to €663,393
Equity and liabilities
- Profit (loss) carried forward +€118,113
up €118,113 (+2.4%), from €4.8m to €4.9m
Income statement
- Financial income -€2.1m
down €2.1m (-95.0%), from €2.2m to €108,968
- Gross operating margin +€64,678
up €64,678 (+65.1%), from €99,415 to €164,092
- Taxes +€33,275
up €33,275 (+169%), from €19,730 to €53,005
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
€2.2m
Gross operating margin
+€64,678
Depreciation
+€787
Other operating charges
-€216
Financial income
-€2.1m
Financial charges
+€169
Taxes
-€33,275
Result 2025
€118,113
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,505,964 | €5,624,455 | +€118,491 | +2.2% |
| Fixed assets | 21/28 | €2,465,705 | €2,378,393 | -€87,312 | -3.5% |
| Tangible fixed assets | 22/27 | €750,705 | €663,393 | -€87,312 | -11.6% |
| Land and buildings | 22 | €319,344 | €301,767 | -€17,576 | -5.5% |
| Plant, machinery and equipment | 23 | €18,797 | €15,133 | -€3,664 | -19.5% |
| Furniture and vehicles | 24 | €87,962 | €50,935 | -€37,027 | -42.1% |
| Other tangible fixed assets | 26 | €324,602 | €295,557 | -€29,045 | -8.9% |
| Financial fixed assets | 28 | €1,715,000 | €1,715,000 | = | 0.0% |
| Current assets | 29/58 | €3,040,260 | €3,246,063 | +€205,803 | +6.8% |
| Amounts receivable after more than one year | 29 | €2,981,065 | €3,214,998 | +€233,933 | +7.8% |
| Other amounts receivable | 291 | €2,981,065 | €3,214,998 | +€233,933 | +7.8% |
| Amounts receivable within one year | 40/41 | €12,179 | €12,649 | +€470 | +3.9% |
| Trade receivables | 40 | €12,179 | - | -€12,179 | |
| Other amounts receivable | 41 | - | €12,649 | +€12,649 | |
| Deferred charges and accrued income | 490/1 | €47,016 | €18,416 | -€28,600 | -60.8% |
| Total equity and liabilities | 10/49 | €5,505,964 | €5,624,455 | +€118,491 | +2.2% |
| Equity | 10/15 | €5,264,850 | €5,382,963 | +€118,113 | +2.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,824,850 | €4,942,963 | +€118,113 | +2.4% |
| Amounts payable | 17/49 | €241,115 | €241,492 | +€378 | +0.2% |
| Amounts payable after more than one year | 17 | €155,796 | €123,487 | -€32,308 | -20.7% |
| Financial debts | 170/4 | €155,796 | €123,487 | -€32,308 | -20.7% |
| Amounts payable within one year | 42/48 | €82,960 | €118,005 | +€35,045 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €31,486 | €32,308 | +€822 | +2.6% |
| Financial debts | 43 | €2,001 | €2,359 | +€358 | +17.9% |
| Credit institutions | 430/8 | €2,001 | €2,359 | +€358 | +17.9% |
| Trade debts | 44 | €24,203 | €10,943 | -€13,260 | -54.8% |
| Suppliers | 440/4 | €24,203 | €10,943 | -€13,260 | -54.8% |
| Taxes, remuneration and social security | 45 | €25,270 | €72,395 | +€47,125 | +186% |
| Taxes | 450/3 | €25,270 | €72,395 | +€47,125 | +186% |
| Accrued charges and deferred income | 492/3 | €2,359 | - | -€2,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,924 | €94,137 | -€787 | -0.8% |
| Other operating charges | 640/8 | €3,026 | €3,242 | +€216 | +7.1% |
| Gross operating margin | 9900 | €99,415 | €164,092 | +€64,678 | +65.1% |
| Operating profit (loss) | 9901 | €1,465 | €66,714 | +€65,249 | +4,455% |
| Financial income | 75/76B | €2,198,720 | €108,968 | -€2.1m | -95.0% |
| Recurring financial income | 75 | €2,198,720 | €108,968 | -€2.1m | -95.0% |
| Financial charges | 65/66B | €4,734 | €4,565 | -€169 | -3.6% |
| Recurring financial charges | 65 | €4,734 | €4,565 | -€169 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €2,195,451 | €171,118 | -€2.0m | -92.2% |
| Income taxes | 67/77 | €19,730 | €53,005 | +€33,275 | +169% |
| Profit (loss) for the period | 9904 | €2,175,721 | €118,113 | -€2.1m | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,175,721 | €118,113 | -€2.1m | -94.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.