FT CONSULT: 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.
FT CONSULT
Largest movements
- Receivables after one year -€845,906
down €845,906 (-89.9%), from €940,701 to €94,795
- Cash +€845,746
up €845,746 (+95.0%), from €890,712 to €1.7m
mainly Receivables after one year (+€845,906) and Net result for the year (+€697,487)
- Receivables within one year -€140,852
down €140,852 (-70.0%), from €201,352 to €60,500
of which Trade receivables: -€140,852
- Reserves +€697,487
up €697,487 (+299%), from €233,326 to €930,814
of which Distributable reserves: +€697,487
- Accrued charges and deferred income -€431,872
down €431,872 (-69.2%), from €624,070 to €192,199
- Other debts -€315,189
down €315,189 (-8.4%), from €3.8m to €3.4m
- Debts after one year -€100,000
down €100,000 (-2.2%), from €4.5m to €4.4m
- Financial income +€902,677
up €902,677 (+683%), from €132,118 to €1.0m
- Write-downs +€580,852
new in 2025: €580,852
- Gross operating margin +€359,189
up €359,189 (+178%), from €201,575 to €560,764
- Financial charges +€13,115
up €13,115 (+4.3%), from €302,822 to €315,937
- Staff costs -€8,586
down €8,586 (-100%), from €8,586 to €0
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 | €9,654,327 | €9,519,866 | -€134,461 | -1.4% |
| Fixed assets | 21/28 | €7,606,000 | €7,606,000 | = | 0.0% |
| Financial fixed assets | 28 | €7,606,000 | €7,606,000 | = | 0.0% |
| Current assets | 29/58 | €2,048,327 | €1,913,866 | -€134,461 | -6.6% |
| Amounts receivable after more than one year | 29 | €940,701 | €94,795 | -€845,906 | -89.9% |
| Other amounts receivable | 291 | €940,701 | €94,795 | -€845,906 | -89.9% |
| Amounts receivable within one year | 40/41 | €201,352 | €60,500 | -€140,852 | -70.0% |
| Trade receivables | 40 | €201,352 | €60,500 | -€140,852 | -70.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €890,712 | €1,736,457 | +€845,746 | +95.0% |
| Deferred charges and accrued income | 490/1 | €15,562 | €22,114 | +€6,552 | +42.1% |
| Total equity and liabilities | 10/49 | €9,654,327 | €9,519,866 | -€134,461 | -1.4% |
| Equity | 10/15 | €751,926 | €1,449,414 | +€697,487 | +92.8% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €233,326 | €930,814 | +€697,487 | +299% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €233,326 | €930,814 | +€697,487 | +299% |
| Amounts payable | 17/49 | €8,902,401 | €8,070,453 | -€831,949 | -9.3% |
| Amounts payable after more than one year | 17 | €4,500,000 | €4,400,000 | -€100,000 | -2.2% |
| Financial debts | 170/4 | €4,500,000 | €4,400,000 | -€100,000 | -2.2% |
| Amounts payable within one year | 42/48 | €3,778,331 | €3,478,254 | -€300,077 | -7.9% |
| Trade debts | 44 | €14,375 | €15,517 | +€1,142 | +7.9% |
| Suppliers | 440/4 | €14,375 | €15,517 | +€1,142 | +7.9% |
| Taxes, remuneration and social security | 45 | €6,350 | €20,319 | +€13,969 | +220% |
| Taxes | 450/3 | €6,350 | €20,319 | +€13,969 | +220% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,757,606 | €3,442,418 | -€315,189 | -8.4% |
| Accrued charges and deferred income | 492/3 | €624,070 | €192,199 | -€431,872 | -69.2% |
| Remuneration, social security and pensions | 62 | €8,586 | €0 | -€8,586 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €580,852 | +€580,852 | |
| Other operating charges | 640/8 | €573 | €1,282 | +€709 | +124% |
| Gross operating margin | 9900 | €201,575 | €560,764 | +€359,189 | +178% |
| Operating profit (loss) | 9901 | €192,416 | -€21,370 | -€213,787 | |
| Financial income | 75/76B | €132,118 | €1,034,795 | +€902,677 | +683% |
| Recurring financial income | 75 | €132,118 | €1,034,795 | +€902,677 | +683% |
| Financial charges | 65/66B | €302,822 | €315,937 | +€13,115 | +4.3% |
| Recurring financial charges | 65 | €302,822 | €315,937 | +€13,115 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €21,713 | €697,487 | +€675,775 | +3,112% |
| Income taxes | 67/77 | €5,428 | €0 | -€5,428 | -100% |
| Profit (loss) for the period | 9904 | €16,285 | €697,487 | +€681,203 | +4,183% |
| Profit (loss) for the period to be appropriated | 9905 | €16,285 | €697,487 | +€681,203 | +4,183% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.