D20 CONSULTING: 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.
D20 CONSULTING
Largest movements
- Financial fixed assets -€999,990
down €999,990 (-58.4%), from €1.7m to €712,110
- Receivables after one year +€560,000
up €560,000 (+560%), from €100,000 to €660,000
- Cash +€99,609
up €99,609 (+38.8%), from €257,039 to €356,648
mainly Investment in fixed assets (net) (+€997,692) and Other debts (+€190,000)
- Tangible fixed assets -€30,304
down €30,304 (-5.9%), from €513,188 to €482,884
of which Furniture and vehicles: -€22,795
- Profit (loss) carried forward -€307,589
down €307,589 (-28.9%), from €1.1m to €757,524
- Reserves -€200,000
down €200,000 (-12.9%), from €1.6m to €1.4m
of which Distributable reserves: -€200,000
- Other debts +€190,000
up €190,000, from €0 to €190,000
- Tax, wage and social debts -€29,086
down €29,086 (-66.4%), from €43,807 to €14,721
of which Taxes: -€18,214
- Financial charges +€603,130
up €603,130 (+26,171%), from €2,305 to €605,435
of which Non-recurring financial charges: +€599,990
- Taxes -€33,096
down €33,096 (-92.2%), from €35,882 to €2,786
- Financial income -€27,944
down €27,944 (-8.8%), from €318,527 to €290,583
- Gross operating margin -€26,274
down €26,274 (-16.3%), from €161,102 to €134,828
- Staff costs +€3,384
up €3,384 (+4.0%), from €84,874 to €88,258
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 | €2,678,435 | €2,335,218 | -€343,217 | -12.8% |
| Fixed assets | 21/28 | €2,225,288 | €1,194,994 | -€1.0m | -46.3% |
| Tangible fixed assets | 22/27 | €513,188 | €482,884 | -€30,304 | -5.9% |
| Land and buildings | 22 | €413,254 | €407,676 | -€5,579 | -1.3% |
| Plant, machinery and equipment | 23 | €16,907 | €14,977 | -€1,930 | -11.4% |
| Furniture and vehicles | 24 | €83,026 | €60,231 | -€22,795 | -27.5% |
| Financial fixed assets | 28 | €1,712,100 | €712,110 | -€999,990 | -58.4% |
| Current assets | 29/58 | €453,147 | €1,140,224 | +€687,077 | +152% |
| Amounts receivable after more than one year | 29 | €100,000 | €660,000 | +€560,000 | +560% |
| Other amounts receivable | 291 | €100,000 | €660,000 | +€560,000 | +560% |
| Amounts receivable within one year | 40/41 | €59,764 | €77,949 | +€18,185 | +30.4% |
| Trade receivables | 40 | €49,688 | €24,580 | -€25,108 | -50.5% |
| Other amounts receivable | 41 | €10,077 | €53,370 | +€43,293 | +430% |
| Current investments | 50/53 | €33,432 | €45,626 | +€12,195 | +36.5% |
| Cash at bank and in hand | 54/58 | €257,039 | €356,648 | +€99,609 | +38.8% |
| Deferred charges and accrued income | 490/1 | €2,912 | €0 | -€2,912 | -100% |
| Total equity and liabilities | 10/49 | €2,678,435 | €2,335,218 | -€343,217 | -12.8% |
| Equity | 10/15 | €2,634,177 | €2,126,588 | -€507,589 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,550,463 | €1,350,463 | -€200,000 | -12.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,550,463 | €1,350,463 | -€200,000 | -12.9% |
| Profit (loss) carried forward | 14 | €1,065,114 | €757,524 | -€307,589 | -28.9% |
| Amounts payable | 17/49 | €44,258 | €208,630 | +€164,372 | +371% |
| Amounts payable within one year | 42/48 | €44,258 | €208,630 | +€164,372 | +371% |
| Trade debts | 44 | €451 | €3,909 | +€3,458 | +767% |
| Suppliers | 440/4 | €451 | €3,909 | +€3,458 | +767% |
| Taxes, remuneration and social security | 45 | €43,807 | €14,721 | -€29,086 | -66.4% |
| Taxes | 450/3 | €28,214 | €10,000 | -€18,214 | -64.6% |
| Remuneration and social security | 454/9 | €15,593 | €4,721 | -€10,872 | -69.7% |
| Other amounts payable | 47/48 | €0 | €190,000 | +€190,000 | |
| Non-recurring operating income | 76A | €0 | €895 | +€895 | |
| Remuneration, social security and pensions | 62 | €84,874 | €88,258 | +€3,384 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,812 | €32,601 | +€789 | +2.5% |
| Other operating charges | 640/8 | €6,815 | €3,920 | -€2,895 | -42.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €161,102 | €134,828 | -€26,274 | -16.3% |
| Operating profit (loss) | 9901 | €37,600 | €10,048 | -€27,552 | -73.3% |
| Financial income | 75/76B | €318,527 | €290,583 | -€27,944 | -8.8% |
| Recurring financial income | 75 | €318,527 | €290,583 | -€27,944 | -8.8% |
| Financial charges | 65/66B | €2,305 | €605,435 | +€603,130 | +26,171% |
| Recurring financial charges | 65 | €2,305 | €5,445 | +€3,140 | +136% |
| Non-recurring financial charges | 66B | - | €599,990 | +€599,990 | |
| Profit (loss) for the period before taxes | 9903 | €353,823 | -€304,803 | -€658,626 | |
| Income taxes | 67/77 | €35,882 | €2,786 | -€33,096 | -92.2% |
| Profit (loss) for the period | 9904 | €317,940 | -€307,589 | -€625,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €317,940 | -€307,589 | -€625,530 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.