D. & HEER 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. & HEER CONSULT
Largest movements
- Tangible fixed assets -€18,254
down €18,254 (-5.0%), from €362,962 to €344,708
of which Land and buildings: -€12,383
- Cash -€14,140
down €14,140 (-46.4%), from €30,455 to €16,315
mainly Debts after one year (-€25,635) and Receivables within one year (-€10,579)
- Receivables within one year +€10,579
up €10,579 (+6.7%), from €156,870 to €167,449
- Debts after one year -€25,635
down €25,635 (-20.8%), from €123,394 to €97,759
- Other debts +€6,827
new in 2025: €6,827
- Gross operating margin +€12,107
up €12,107 (+47.0%), from €25,778 to €37,885
- Other operating charges +€4,284
new in 2025: €4,284
- Taxes +€3,179
new in 2025: €3,179
- Financial charges -€1,517
down €1,517 (-14.8%), from €10,241 to €8,724
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 | €585,587 | €563,772 | -€21,815 | -3.7% |
| Fixed assets | 21/28 | €362,962 | €344,708 | -€18,254 | -5.0% |
| Tangible fixed assets | 22/27 | €362,962 | €344,708 | -€18,254 | -5.0% |
| Land and buildings | 22 | €352,427 | €340,044 | -€12,383 | -3.5% |
| Furniture and vehicles | 24 | €3,967 | €1,782 | -€2,185 | -55.1% |
| Other tangible fixed assets | 26 | €6,568 | €2,882 | -€3,686 | -56.1% |
| Current assets | 29/58 | €222,625 | €219,064 | -€3,561 | -1.6% |
| Amounts receivable after more than one year | 29 | €35,300 | €35,300 | = | 0.0% |
| Other amounts receivable | 291 | €35,300 | €35,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,870 | €167,449 | +€10,579 | +6.7% |
| Other amounts receivable | 41 | €156,870 | €167,449 | +€10,579 | +6.7% |
| Cash at bank and in hand | 54/58 | €30,455 | €16,315 | -€14,140 | -46.4% |
| Total equity and liabilities | 10/49 | €585,587 | €563,772 | -€21,815 | -3.7% |
| Equity | 10/15 | €421,817 | €425,261 | +€3,444 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €231,926 | €231,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €230,067 | €230,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,299 | €174,743 | +€3,444 | +2.0% |
| Amounts payable | 17/49 | €163,770 | €138,511 | -€25,259 | -15.4% |
| Amounts payable after more than one year | 17 | €123,394 | €97,759 | -€25,635 | -20.8% |
| Financial debts | 170/4 | €123,394 | €97,759 | -€25,635 | -20.8% |
| Amounts payable within one year | 42/48 | €40,376 | €40,752 | +€376 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €34,833 | €31,060 | -€3,773 | -10.8% |
| Trade debts | 44 | €5,543 | €91 | -€5,452 | -98.4% |
| Suppliers | 440/4 | €5,543 | €91 | -€5,452 | -98.4% |
| Taxes, remuneration and social security | 45 | - | €2,774 | +€2,774 | |
| Taxes | 450/3 | - | €2,774 | +€2,774 | |
| Other amounts payable | 47/48 | - | €6,827 | +€6,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,352 | €18,254 | -€98 | -0.5% |
| Other operating charges | 640/8 | - | €4,284 | +€4,284 | |
| Gross operating margin | 9900 | €25,778 | €37,885 | +€12,107 | +47.0% |
| Operating profit (loss) | 9901 | €7,426 | €15,347 | +€7,921 | +107% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €10,241 | €8,724 | -€1,517 | -14.8% |
| Recurring financial charges | 65 | €10,241 | €8,724 | -€1,517 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,744 | €6,623 | +€9,367 | |
| Income taxes | 67/77 | - | €3,179 | +€3,179 | |
| Profit (loss) for the period | 9904 | -€2,744 | €3,444 | +€6,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,744 | €3,444 | +€6,188 |
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 23 October 2026 via checked.be.