D&S Consultancy: 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&S Consultancy
Largest movements
- Cash -€96,460
down €96,460 (-58.9%), from €163,642 to €67,183
mainly Investment in fixed assets (net) (-€79,145) and Current investments (-€50,000)
- Financial fixed assets +€80,000
new in 2025: €80,000
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€12,907
down €12,907 (-41.7%), from €30,962 to €18,055
of which Furniture and vehicles: -€11,943
- Receivables within one year -€5,508
down €5,508 (-35.1%), from €15,682 to €10,174
- Reserves +€24,951
up €24,951 (+15.3%), from €163,321 to €188,272
of which Distributable reserves: +€26,811
- Short-term financial debts -€7,388
down €7,388 (-98.7%), from €7,484 to €96
- Gross operating margin +€11,336
up €11,336 (+16.3%), from €69,569 to €80,905
- Taxes +€2,647
up €2,647 (+16.1%), from €16,411 to €19,058
- Write-downs +€1,174
no longer reported in 2025 (was -€1,174)
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 | €211,692 | €226,586 | +€14,894 | +7.0% |
| Fixed assets | 21/28 | €30,962 | €98,055 | +€67,093 | +217% |
| Tangible fixed assets | 22/27 | €30,962 | €18,055 | -€12,907 | -41.7% |
| Furniture and vehicles | 24 | €22,671 | €10,728 | -€11,943 | -52.7% |
| Other tangible fixed assets | 26 | €8,291 | €7,327 | -€963 | -11.6% |
| Financial fixed assets | 28 | - | €80,000 | +€80,000 | |
| Current assets | 29/58 | €180,730 | €128,531 | -€52,199 | -28.9% |
| Amounts receivable within one year | 40/41 | €15,682 | €10,174 | -€5,508 | -35.1% |
| Trade receivables | 40 | €15,682 | €10,174 | -€5,508 | -35.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €163,642 | €67,183 | -€96,460 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,406 | €1,174 | -€232 | -16.5% |
| Total equity and liabilities | 10/49 | €211,692 | €226,586 | +€14,894 | +7.0% |
| Equity | 10/15 | €181,921 | €206,872 | +€24,951 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,321 | €188,272 | +€24,951 | +15.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €161,461 | €188,272 | +€26,811 | +16.6% |
| Amounts payable | 17/49 | €29,771 | €19,715 | -€10,056 | -33.8% |
| Amounts payable within one year | 42/48 | €29,259 | €19,715 | -€9,544 | -32.6% |
| Financial debts | 43 | €7,484 | €96 | -€7,388 | -98.7% |
| Other loans | 439 | €7,484 | €96 | -€7,388 | -98.7% |
| Trade debts | 44 | €1,167 | €141 | -€1,026 | -88.0% |
| Suppliers | 440/4 | €1,167 | €141 | -€1,026 | -88.0% |
| Taxes, remuneration and social security | 45 | €19,808 | €18,678 | -€1,130 | -5.7% |
| Taxes | 450/3 | €19,808 | €18,678 | -€1,130 | -5.7% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €512 | - | -€512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,883 | €12,052 | +€169 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,174 | - | +€1,174 | |
| Other operating charges | 640/8 | €582 | €591 | +€9 | +1.6% |
| Gross operating margin | 9900 | €69,569 | €80,905 | +€11,336 | +16.3% |
| Operating profit (loss) | 9901 | €58,278 | €68,262 | +€9,984 | +17.1% |
| Financial income | 75/76B | €458 | €732 | +€274 | +59.7% |
| Recurring financial income | 75 | €458 | €732 | +€274 | +59.7% |
| Financial charges | 65/66B | €320 | €606 | +€286 | +89.3% |
| Recurring financial charges | 65 | €320 | €606 | +€286 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | €58,416 | €68,387 | +€9,972 | +17.1% |
| Income taxes | 67/77 | €16,411 | €19,058 | +€2,647 | +16.1% |
| Profit (loss) for the period | 9904 | €42,005 | €49,329 | +€7,325 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,005 | €49,329 | +€7,325 | +17.4% |
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 14 October 2026 via checked.be.