CONSULTING GROUP E. DONNE: 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
CONSULTING GROUP E. DONNE
NACE 66.110, Activities auxiliary to financial services and insurance activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€422,039
2024 · -€310,074-€111,965
Equity
€4.0m
2024 · €4.5m-€422,039
Cash
€126,586
2024 · €110,297+€16,289
Balance sheet total
€7.0m
2024 · €7.7m-€638,515
Largest movements
Assets
- Current investments -€341,730
down €341,730 (-27.9%), from €1.2m to €885,114
- Tangible fixed assets -€247,976
down €247,976 (-4.0%), from €6.3m to €6.0m
of which Furniture and vehicles: -€6.2m
Equity and liabilities
- Profit (loss) carried forward -€379,512
down €379,512 (-11.3%), from €3.4m to €3.0m
- Debts after one year -€91,794
down €91,794 (-7.5%), from €1.2m to €1.1m
of which Financial debts: -€137,827
Income statement
- Gross operating margin -€223,745
down €223,745 (-42.0%), from €532,260 to €308,515
- Financial charges -€79,219
down €79,219 (-13.5%), from €585,451 to €506,232
- Depreciation -€13,105
down €13,105 (-4.5%), from €288,081 to €274,976
- Financial income -€6,119
down €6,119 (-35.6%), from €17,208 to €11,088
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
-€310,074
Gross operating margin
-€223,745
Staff costs
+€5,119
Depreciation
+€13,105
Provisions
-€2,733
Other operating charges
-€539
Other operating items
+€22,085
Financial income
-€6,119
Financial charges
+€79,219
Taxes
+€1,644
Result 2025
-€422,039
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€136,893
Investment
+€314,730
Financing
-€161,548
Cash 2024
€110,297
From operations (derived)
-€136,893
Net result for the year
-€422,039
Depreciation
+€274,976
Receivables within one year
+€2,456
Deferred charges and accrued income
+€62,642
Provisions
-€21,908
Trade debts
-€1,210
Tax, wage and social debts
-€4,550
Other debts
-€27,260
Accrued charges and deferred income
+€0
Investment (derived)
+€314,730
Investment in fixed assets (net)
-€27,000
Current investments
+€341,730
Financing
-€161,548
Debts after one year
-€91,794
Current portion of long-term debt
-€69,755
Cash 2025
€126,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,685,257 | €7,046,742 | -€638,515 | -8.3% |
| Fixed assets | 21/28 | €6,272,887 | €6,024,911 | -€247,976 | -4.0% |
| Tangible fixed assets | 22/27 | €6,266,142 | €6,018,166 | -€247,976 | -4.0% |
| Land and buildings | 22 | - | €5,944,738 | +€5.9m | |
| Furniture and vehicles | 24 | €6,264,822 | €72,509 | -€6.2m | -98.8% |
| Other tangible fixed assets | 26 | €1,320 | €920 | -€400 | -30.3% |
| Financial fixed assets | 28 | €6,745 | €6,745 | = | 0.0% |
| Current assets | 29/58 | €1,412,370 | €1,021,831 | -€390,539 | -27.7% |
| Amounts receivable within one year | 40/41 | €6,493 | €4,037 | -€2,456 | -37.8% |
| Trade receivables | 40 | €5,775 | €4,037 | -€1,738 | -30.1% |
| Other amounts receivable | 41 | €718 | - | -€718 | |
| Current investments | 50/53 | €1,226,844 | €885,114 | -€341,730 | -27.9% |
| Cash at bank and in hand | 54/58 | €110,297 | €126,586 | +€16,289 | +14.8% |
| Deferred charges and accrued income | 490/1 | €68,736 | €6,094 | -€62,642 | -91.1% |
| Total equity and liabilities | 10/49 | €7,685,257 | €7,046,742 | -€638,515 | -8.3% |
| Equity | 10/15 | €4,450,385 | €4,028,346 | -€422,039 | -9.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,033,290 | €990,762 | -€42,527 | -4.1% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €971,290 | €928,762 | -€42,527 | -4.4% |
| Profit (loss) carried forward | 14 | €3,355,596 | €2,976,084 | -€379,512 | -11.3% |
| Provisions and deferred taxes | 16 | €500,361 | €478,453 | -€21,908 | -4.4% |
| Deferred taxes | 168 | €500,361 | €478,453 | -€21,908 | -4.4% |
| Amounts payable | 17/49 | €2,734,511 | €2,539,942 | -€194,568 | -7.1% |
| Amounts payable after more than one year | 17 | €1,217,942 | €1,126,148 | -€91,794 | -7.5% |
| Financial debts | 170/4 | €1,217,942 | €1,080,115 | -€137,827 | -11.3% |
| Other amounts payable | 178/9 | - | €46,034 | +€46,034 | |
| Amounts payable within one year | 42/48 | €1,516,569 | €1,413,794 | -€102,775 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €1,181,179 | €1,111,424 | -€69,755 | -5.9% |
| Trade debts | 44 | €8,697 | €7,486 | -€1,210 | -13.9% |
| Suppliers | 440/4 | €8,697 | €7,486 | -€1,210 | -13.9% |
| Taxes, remuneration and social security | 45 | €245,851 | €241,300 | -€4,550 | -1.9% |
| Taxes | 450/3 | €1,194 | €2,738 | +€1,545 | +129% |
| Remuneration and social security | 454/9 | €244,657 | €238,562 | -€6,095 | -2.5% |
| Other amounts payable | 47/48 | €80,843 | €53,583 | -€27,260 | -33.7% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | €283,768 | €72,258 | -€211,510 | -74.5% |
| Remuneration, social security and pensions | 62 | €50,214 | €45,096 | -€5,119 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288,081 | €274,976 | -€13,105 | -4.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€69,921 | -€67,188 | +€2,733 | +3.9% |
| Other operating charges | 640/8 | €1,580 | €2,118 | +€539 | +34.1% |
| Non-recurring operating charges | 66A | €22,085 | - | -€22,085 | |
| Gross operating margin | 9900 | €532,260 | €308,515 | -€223,745 | -42.0% |
| Operating profit (loss) | 9901 | €240,221 | €53,512 | -€186,709 | -77.7% |
| Financial income | 75/76B | €17,208 | €11,088 | -€6,119 | -35.6% |
| Recurring financial income | 75 | €17,208 | €11,088 | -€6,119 | -35.6% |
| Financial charges | 65/66B | €585,451 | €506,232 | -€79,219 | -13.5% |
| Recurring financial charges | 65 | €585,451 | €506,232 | -€79,219 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€328,022 | -€441,631 | -€113,609 | -34.6% |
| Transfer from deferred taxes | 780 | €21,908 | €21,908 | = | 0.0% |
| Income taxes | 67/77 | €3,960 | €2,316 | -€1,644 | -41.5% |
| Profit (loss) for the period | 9904 | -€310,074 | -€422,039 | -€111,965 | -36.1% |
| Transfer from tax-exempt reserves | 789 | €42,527 | €42,527 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€267,547 | -€379,512 | -€111,965 | -41.8% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.