D.B.F. 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.
D.B.F. CONSULT
Largest movements
- Financial fixed assets +€54,090
up €54,090 (+44.6%), from €121,343 to €175,433
- Tangible fixed assets -€11,121
down €11,121 (-27.7%), from €40,209 to €29,088
of which Furniture and vehicles: -€10,578
- Cash +€8,918
up €8,918 (+13.1%), from €68,306 to €77,224
mainly Net result for the year (+€36,081) and Debts after one year (+€14,145)
- Reserves +€36,081
up €36,081 (+39.4%), from €91,530 to €127,611
of which Distributable reserves: +€36,081
- Debts after one year +€14,145
up €14,145 (+12.9%), from €109,792 to €123,937
of which Financial debts: +€14,145
- Current portion of long-term debt +€5,338
up €5,338 (+19.9%), from €26,833 to €32,171
- Gross operating margin -€15,856
down €15,856 (-18.4%), from €86,309 to €70,452
- Taxes -€5,254
down €5,254 (-22.9%), from €22,980 to €17,726
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 | €247,083 | €297,765 | +€50,682 | +20.5% |
| Fixed assets | 21/28 | €161,552 | €204,522 | +€42,969 | +26.6% |
| Tangible fixed assets | 22/27 | €40,209 | €29,088 | -€11,121 | -27.7% |
| Plant, machinery and equipment | 23 | €543 | €0 | -€543 | -100% |
| Furniture and vehicles | 24 | €39,666 | €29,088 | -€10,578 | -26.7% |
| Financial fixed assets | 28 | €121,343 | €175,433 | +€54,090 | +44.6% |
| Current assets | 29/58 | €85,531 | €93,243 | +€7,712 | +9.0% |
| Amounts receivable within one year | 40/41 | €17,225 | €15,736 | -€1,489 | -8.6% |
| Trade receivables | 40 | €9,362 | €0 | -€9,362 | -100% |
| Other amounts receivable | 41 | €7,862 | €15,736 | +€7,874 | +100% |
| Cash at bank and in hand | 54/58 | €68,306 | €77,224 | +€8,918 | +13.1% |
| Deferred charges and accrued income | 490/1 | €0 | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €247,083 | €297,765 | +€50,682 | +20.5% |
| Equity | 10/15 | €98,043 | €134,123 | +€36,081 | +36.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,530 | €127,611 | +€36,081 | +39.4% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Distributable reserves | 133 | €91,112 | €127,193 | +€36,081 | +39.6% |
| Profit (loss) carried forward | 14 | €313 | €313 | = | 0.0% |
| Amounts payable | 17/49 | €149,041 | €163,641 | +€14,601 | +9.8% |
| Amounts payable after more than one year | 17 | €109,792 | €123,937 | +€14,145 | +12.9% |
| Financial debts | 170/4 | €109,792 | €123,937 | +€14,145 | +12.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,249 | €39,705 | +€456 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €26,833 | €32,171 | +€5,338 | +19.9% |
| Financial debts | 43 | €2,949 | €0 | -€2,949 | -100% |
| Credit institutions | 430/8 | €2,949 | €0 | -€2,949 | -100% |
| Trade debts | 44 | €168 | €2,664 | +€2,497 | +1,488% |
| Suppliers | 440/4 | €168 | €2,664 | +€2,497 | +1,488% |
| Taxes, remuneration and social security | 45 | €7,299 | €4,869 | -€2,430 | -33.3% |
| Taxes | 450/3 | €7,299 | €4,869 | -€2,430 | -33.3% |
| Other amounts payable | 47/48 | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,658 | €10,578 | -€80 | -0.8% |
| Other operating charges | 640/8 | €888 | €1,696 | +€808 | +91.0% |
| Gross operating margin | 9900 | €86,309 | €70,452 | -€15,856 | -18.4% |
| Operating profit (loss) | 9901 | €74,763 | €58,179 | -€16,584 | -22.2% |
| Financial income | 75/76B | €975 | €1,178 | +€203 | +20.8% |
| Recurring financial income | 75 | €975 | €1,178 | +€203 | +20.8% |
| Financial charges | 65/66B | €5,289 | €5,550 | +€262 | +5.0% |
| Recurring financial charges | 65 | €5,289 | €5,550 | +€262 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €70,450 | €53,807 | -€16,643 | -23.6% |
| Income taxes | 67/77 | €22,980 | €17,726 | -€5,254 | -22.9% |
| Profit (loss) for the period | 9904 | €47,470 | €36,081 | -€11,389 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,470 | €36,081 | -€11,389 | -24.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.