D&E CONSULT: what changed
Two fiscal 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&E CONSULT
Largest movements
- Tangible fixed assets +€339,201
up €339,201 (+293.4%), from €115,601 to €454,802
of which Land and buildings: +€277,447
- Cash -€30,197
down €30,197 (-18.0%), from €167,741 to €137,544
mainly Investment in fixed assets (net) (-€386,091) and Contributions, distributions and other (-€136,000)
- Receivables within one year +€8,732
up €8,732 (+34.2%), from €25,537 to €34,269
of which Other amounts receivable: +€10,492
- Debts after one year +€240,161
up €240,161 (+2381.3%), from €10,085 to €250,247
- Other debts +€99,964
up €99,964 (+77.5%), from €128,964 to €228,928
- Reserves -€61,680
down €61,680 (-35.5%), from €173,837 to €112,157
- Current portion of long-term debt +€37,676
up €37,676 (+219.2%), from €17,185 to €54,860
- Depreciation +€18,568
up €18,568 (+65.6%), from €28,322 to €46,890
- Taxes -€10,900
down €10,900 (-41.4%), from €26,360 to €15,460
- Financial income -€8,227
down €8,227 (-72.2%), from €11,403 to €3,175
- Financial charges +€2,856
up €2,856 (+72.1%), from €3,963 to €6,819
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.
Cash bridge derived
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 | €373,391 | €692,855 | +€319,464 | +85.6% |
| Fixed assets | 21/28 | €115,601 | €454,802 | +€339,201 | +293.4% |
| Tangible fixed assets | 22/27 | €115,601 | €454,802 | +€339,201 | +293.4% |
| Land and buildings | 22 | - | €277,447 | +€277,447 | |
| Plant, machinery and equipment | 23 | €54,975 | €43,605 | -€11,370 | -20.7% |
| Furniture and vehicles | 24 | €38,651 | €114,820 | +€76,169 | +197.1% |
| Other tangible fixed assets | 26 | €21,975 | €18,931 | -€3,045 | -13.9% |
| Current assets | 29/58 | €257,790 | €238,053 | -€19,737 | -7.7% |
| Amounts receivable within one year | 40/41 | €25,537 | €34,269 | +€8,732 | +34.2% |
| Trade receivables | 40 | €25,537 | €23,777 | -€1,760 | -6.9% |
| Other amounts receivable | 41 | - | €10,492 | +€10,492 | |
| Current investments | 50/53 | €62,880 | €64,640 | +€1,760 | +2.8% |
| Cash at bank and in hand | 54/58 | €167,741 | €137,544 | -€30,197 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,600 | -€31 | -1.9% |
| Total equity and liabilities | 10/49 | €373,391 | €692,855 | +€319,464 | +85.6% |
| Equity | 10/15 | €193,837 | €132,157 | -€61,680 | -31.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €173,837 | €112,157 | -€61,680 | -35.5% |
| Distributable reserves | 133 | €173,837 | €112,157 | -€61,680 | -35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,554 | €560,698 | +€381,144 | +212.3% |
| Amounts payable after more than one year | 17 | €10,085 | €250,247 | +€240,161 | +2381.3% |
| Financial debts | 170/4 | €10,085 | €250,247 | +€240,161 | +2381.3% |
| Amounts payable within one year | 42/48 | €169,469 | €310,452 | +€140,983 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €17,185 | €54,860 | +€37,676 | +219.2% |
| Financial debts | 43 | €8,438 | €8,415 | -€23 | -0.3% |
| Credit institutions | 430/8 | €8,438 | €8,415 | -€23 | -0.3% |
| Trade debts | 44 | €1,775 | €3,593 | +€1,818 | +102.4% |
| Suppliers | 440/4 | €1,775 | €3,593 | +€1,818 | +102.4% |
| Taxes, remuneration and social security | 45 | €13,107 | €14,656 | +€1,548 | +11.8% |
| Taxes | 450/3 | €10,111 | €11,072 | +€961 | +9.5% |
| Remuneration and social security | 454/9 | €2,996 | €3,583 | +€587 | +19.6% |
| Other amounts payable | 47/48 | €128,964 | €228,928 | +€99,964 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,322 | €46,890 | +€18,568 | +65.6% |
| Other operating charges | 640/8 | €1,659 | €1,942 | +€283 | +17.0% |
| Gross operating margin | 9900 | €143,271 | €142,256 | -€1,015 | -0.7% |
| Operating profit (loss) | 9901 | €113,290 | €93,424 | -€19,866 | -17.5% |
| Financial income | 75/76B | €11,403 | €3,175 | -€8,227 | -72.2% |
| Recurring financial income | 75 | €11,403 | €3,175 | -€8,227 | -72.2% |
| Financial charges | 65/66B | €3,963 | €6,819 | +€2,856 | +72.1% |
| Recurring financial charges | 65 | €3,963 | €6,819 | +€2,856 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €120,730 | €89,780 | -€30,950 | -25.6% |
| Income taxes | 67/77 | €26,360 | €15,460 | -€10,900 | -41.4% |
| Profit (loss) for the period | 9904 | €94,370 | €74,320 | -€20,049 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,370 | €74,320 | -€20,049 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.