D'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'Consult
Largest movements
- Receivables within one year -€436,335
down €436,335 (-85.6%), from €509,846 to €73,511
of which Other amounts receivable: -€431,075
- Cash +€328,703
up €328,703 (+405%), from €81,095 to €409,797
mainly Receivables within one year (+€436,335) and Depreciation (+€56,561)
- Tangible fixed assets -€56,561
down €56,561 (-4.3%), from €1.3m to €1.3m
of which Land and buildings: -€50,138
- Debts after one year -€73,811
down €73,811 (-15.0%), from €492,810 to €418,999
- Reserves -€73,401
down €73,401 (-23.3%), from €315,250 to €241,850
- Other debts +€22,158
up €22,158 (+2.1%), from €1.1m to €1.1m
- Gross operating margin -€73,053
down €73,053 (-73.4%), from €99,546 to €26,493
- Taxes -€33,814
down €33,814 (-99.0%), from €34,146 to €332
- Other operating charges +€5,398
up €5,398 (+96.0%), from €5,622 to €11,020
- Depreciation -€4,858
down €4,858 (-7.9%), from €61,419 to €56,561
- Staff costs -€3,422
no longer reported in 2025 (was €3,422)
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 | €2,131,220 | €1,967,294 | -€163,926 | -7.7% |
| Fixed assets | 21/28 | €1,318,842 | €1,262,282 | -€56,561 | -4.3% |
| Tangible fixed assets | 22/27 | €1,311,342 | €1,254,782 | -€56,561 | -4.3% |
| Land and buildings | 22 | €1,241,955 | €1,191,817 | -€50,138 | -4.0% |
| Plant, machinery and equipment | 23 | €13,127 | €8,660 | -€4,468 | -34.0% |
| Furniture and vehicles | 24 | €14,634 | €12,679 | -€1,955 | -13.4% |
| Other tangible fixed assets | 26 | €41,626 | €41,626 | = | 0.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €812,378 | €705,013 | -€107,365 | -13.2% |
| Amounts receivable within one year | 40/41 | €509,846 | €73,511 | -€436,335 | -85.6% |
| Trade receivables | 40 | €30,006 | €24,746 | -€5,260 | -17.5% |
| Other amounts receivable | 41 | €479,840 | €48,765 | -€431,075 | -89.8% |
| Current investments | 50/53 | €220,000 | €220,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,095 | €409,797 | +€328,703 | +405% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,704 | +€267 | +18.6% |
| Total equity and liabilities | 10/49 | €2,131,220 | €1,967,294 | -€163,926 | -7.7% |
| Equity | 10/15 | €421,050 | €347,650 | -€73,401 | -17.4% |
| Contributions | 10/11 | €105,800 | €105,800 | = | 0.0% |
| Reserves | 13 | €315,250 | €241,850 | -€73,401 | -23.3% |
| Distributable reserves | 133 | €315,250 | €241,850 | -€73,401 | -23.3% |
| Amounts payable | 17/49 | €1,710,170 | €1,619,645 | -€90,525 | -5.3% |
| Amounts payable after more than one year | 17 | €492,810 | €418,999 | -€73,811 | -15.0% |
| Financial debts | 170/4 | €492,810 | €418,999 | -€73,811 | -15.0% |
| Amounts payable within one year | 42/48 | €1,216,195 | €1,199,011 | -€17,184 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €92,808 | €84,935 | -€7,873 | -8.5% |
| Trade debts | 44 | €37,314 | €18,663 | -€18,651 | -50.0% |
| Suppliers | 440/4 | €37,314 | €18,663 | -€18,651 | -50.0% |
| Taxes, remuneration and social security | 45 | €14,222 | €1,404 | -€12,818 | -90.1% |
| Taxes | 450/3 | €14,222 | €1,404 | -€12,818 | -90.1% |
| Other amounts payable | 47/48 | €1,071,851 | €1,094,009 | +€22,158 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,165 | €1,634 | +€469 | +40.3% |
| Non-recurring operating income | 76A | - | €7,788 | +€7,788 | |
| Remuneration, social security and pensions | 62 | €3,422 | - | -€3,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,419 | €56,561 | -€4,858 | -7.9% |
| Other operating charges | 640/8 | €5,622 | €11,020 | +€5,398 | +96.0% |
| Gross operating margin | 9900 | €99,546 | €26,493 | -€73,053 | -73.4% |
| Operating profit (loss) | 9901 | €29,083 | -€41,087 | -€70,171 | |
| Financial charges | 65/66B | €33,532 | €31,981 | -€1,551 | -4.6% |
| Recurring financial charges | 65 | €33,532 | €31,981 | -€1,551 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,448 | -€73,068 | -€68,620 | -1,543% |
| Income taxes | 67/77 | €34,146 | €332 | -€33,814 | -99.0% |
| Profit (loss) for the period | 9904 | -€38,595 | -€73,401 | -€34,806 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,595 | -€73,401 | -€34,806 | -90.2% |
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 30 October 2026 via checked.be.