D & Z 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 & Z CONSULT
Largest movements
- Tangible fixed assets +€536,699
up €536,699 (+37,459%), from €1,433 to €538,132
of which Land and buildings: +€484,243
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Cash -€32,114
down €32,114 (-34.6%), from €92,757 to €60,643
mainly Investment in fixed assets (net) (-€549,491) and Deferred charges and accrued income (-€10,278)
- Receivables within one year -€12,785
down €12,785 (-16.6%), from €76,825 to €64,041
of which Trade receivables: -€47,358
- Deferred charges and accrued income +€10,278
up €10,278 (+8,896%), from €116 to €10,394
- Debts after one year +€362,261
new in 2025: €362,261
- Current portion of long-term debt +€14,956
new in 2025: €14,956
- Other operating charges +€61,629
up €61,629 (+13,661%), from €451 to €62,081
- Taxes -€22,253
down €22,253 (-74.3%), from €29,956 to €7,703
- Gross operating margin -€15,037
down €15,037 (-13.5%), from €111,293 to €96,257
- Financial charges +€13,707
up €13,707 (+16,472%), from €83 to €13,790
- Depreciation +€12,067
up €12,067 (+1,664%), from €725 to €12,792
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 | €291,130 | €673,210 | +€382,079 | +131% |
| Fixed assets | 21/28 | €1,433 | €538,132 | +€536,699 | +37,459% |
| Tangible fixed assets | 22/27 | €1,433 | €538,132 | +€536,699 | +37,459% |
| Land and buildings | 22 | - | €484,243 | +€484,243 | |
| Furniture and vehicles | 24 | €1,433 | €53,889 | +€52,456 | +3,661% |
| Current assets | 29/58 | €289,698 | €135,077 | -€154,620 | -53.4% |
| Amounts receivable within one year | 40/41 | €76,825 | €64,041 | -€12,785 | -16.6% |
| Trade receivables | 40 | €74,431 | €27,073 | -€47,358 | -63.6% |
| Other amounts receivable | 41 | €2,394 | €36,968 | +€34,574 | +1,444% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €92,757 | €60,643 | -€32,114 | -34.6% |
| Deferred charges and accrued income | 490/1 | €116 | €10,394 | +€10,278 | +8,896% |
| Total equity and liabilities | 10/49 | €291,130 | €673,210 | +€382,079 | +131% |
| Equity | 10/15 | €266,866 | €271,514 | +€4,649 | +1.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €263,000 | €263,000 | = | 0.0% |
| Distributable reserves | 133 | €263,000 | €263,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,866 | €6,514 | +€4,649 | +249% |
| Amounts payable | 17/49 | €24,265 | €401,695 | +€377,430 | +1,555% |
| Amounts payable after more than one year | 17 | - | €362,261 | +€362,261 | |
| Financial debts | 170/4 | - | €362,261 | +€362,261 | |
| Amounts payable within one year | 42/48 | €24,265 | €39,398 | +€15,133 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | - | €14,956 | +€14,956 | |
| Trade debts | 44 | €2,393 | €4,520 | +€2,127 | +88.9% |
| Suppliers | 440/4 | €2,393 | €4,520 | +€2,127 | +88.9% |
| Taxes, remuneration and social security | 45 | €21,756 | €18,256 | -€3,500 | -16.1% |
| Taxes | 450/3 | €21,756 | €18,256 | -€3,500 | -16.1% |
| Other amounts payable | 47/48 | €116 | €1,666 | +€1,550 | +1,338% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €12,792 | +€12,067 | +1,664% |
| Other operating charges | 640/8 | €451 | €62,081 | +€61,629 | +13,661% |
| Gross operating margin | 9900 | €111,293 | €96,257 | -€15,037 | -13.5% |
| Operating profit (loss) | 9901 | €110,117 | €21,384 | -€88,733 | -80.6% |
| Financial income | 75/76B | - | €4,757 | +€4,757 | |
| Recurring financial income | 75 | - | €4,757 | +€4,757 | |
| Financial charges | 65/66B | €83 | €13,790 | +€13,707 | +16,472% |
| Recurring financial charges | 65 | €83 | €13,790 | +€13,707 | +16,472% |
| Profit (loss) for the period before taxes | 9903 | €110,034 | €12,351 | -€97,683 | -88.8% |
| Income taxes | 67/77 | €29,956 | €7,703 | -€22,253 | -74.3% |
| Profit (loss) for the period | 9904 | €80,078 | €4,649 | -€75,429 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,078 | €4,649 | -€75,429 | -94.2% |
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 27 October 2026 via checked.be.