TECHNICAL CONSULTING: what changed
TECHNICAL CONSULTING
Largest movements
- Cash -€447,726
down €447,726 (-88.2%), from €507,716 to €59,990
mainly Current investments (-€348,570) and Contributions, distributions and other (-€186,937)
- Current investments +€348,570
new in 2025: €348,570
- Receivables within one year -€32,833
down €32,833 (-53.0%), from €61,943 to €29,110
of which Trade receivables: -€38,820
- Tangible fixed assets -€13,282
down €13,282 (-18.1%), from €73,293 to €60,011
of which Furniture and vehicles: -€10,832
- Reserves -€106,330
down €106,330 (-18.2%), from €582,798 to €476,468
of which Distributable reserves: -€106,330
- Other debts -€34,889
down €34,889 (-91.7%), from €38,031 to €3,142
- Gross operating margin -€145,622
down €145,622 (-53.1%), from €274,103 to €128,481
- Taxes -€46,955
down €46,955 (-53.5%), from €87,833 to €40,878
- Depreciation +€7,468
up €7,468 (+88.9%), from €8,404 to €15,872
- Financial income +€3,744
up €3,744 (+42.1%), from €8,896 to €12,641
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,952 | €499,855 | -€143,097 | -22.3% |
| Fixed assets | 21/28 | €73,293 | €60,011 | -€13,282 | -18.1% |
| Tangible fixed assets | 22/27 | €73,293 | €60,011 | -€13,282 | -18.1% |
| Furniture and vehicles | 24 | €59,494 | €48,662 | -€10,832 | -18.2% |
| Other tangible fixed assets | 26 | €13,799 | €11,349 | -€2,450 | -17.8% |
| Current assets | 29/58 | €569,659 | €439,844 | -€129,815 | -22.8% |
| Amounts receivable within one year | 40/41 | €61,943 | €29,110 | -€32,833 | -53.0% |
| Trade receivables | 40 | €61,943 | €23,123 | -€38,820 | -62.7% |
| Other amounts receivable | 41 | €0 | €5,987 | +€5,987 | |
| Current investments | 50/53 | - | €348,570 | +€348,570 | |
| Cash at bank and in hand | 54/58 | €507,716 | €59,990 | -€447,726 | -88.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,174 | +€2,174 | |
| Total equity and liabilities | 10/49 | €642,952 | €499,855 | -€143,097 | -22.3% |
| Equity | 10/15 | €601,398 | €495,068 | -€106,330 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €582,798 | €476,468 | -€106,330 | -18.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €580,938 | €474,608 | -€106,330 | -18.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,554 | €4,787 | -€36,768 | -88.5% |
| Amounts payable within one year | 42/48 | €41,554 | €4,787 | -€36,768 | -88.5% |
| Trade debts | 44 | €126 | €1,588 | +€1,462 | +1,161% |
| Suppliers | 440/4 | €126 | €1,588 | +€1,462 | +1,161% |
| Taxes, remuneration and social security | 45 | €3,397 | €56 | -€3,341 | -98.3% |
| Taxes | 450/3 | €3,397 | €56 | -€3,341 | -98.3% |
| Other amounts payable | 47/48 | €38,031 | €3,142 | -€34,889 | -91.7% |
| Non-recurring operating income | 76A | €12,500 | €0 | -€12,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,404 | €15,872 | +€7,468 | +88.9% |
| Other operating charges | 640/8 | €513 | €2,193 | +€1,680 | +327% |
| Gross operating margin | 9900 | €274,103 | €128,481 | -€145,622 | -53.1% |
| Operating profit (loss) | 9901 | €265,186 | €110,416 | -€154,770 | -58.4% |
| Financial income | 75/76B | €8,896 | €12,641 | +€3,744 | +42.1% |
| Recurring financial income | 75 | €8,896 | €12,641 | +€3,744 | +42.1% |
| Financial charges | 65/66B | €2,811 | €1,571 | -€1,240 | -44.1% |
| Recurring financial charges | 65 | €2,811 | €1,571 | -€1,240 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €271,271 | €121,485 | -€149,785 | -55.2% |
| Income taxes | 67/77 | €87,833 | €40,878 | -€46,955 | -53.5% |
| Profit (loss) for the period | 9904 | €183,437 | €80,607 | -€102,830 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €183,437 | €80,607 | -€102,830 | -56.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.