DC INVEST: 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.
What changed
DC INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€411,346
2024 · -€259,752+€671,098
Equity
€1.3m
2024 · €931,491+€411,346
Cash
€52,731
2024 · €6,113+€46,618
Balance sheet total
€6.1m
2024 · €4.9m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€810,420
up €810,420 (+18.1%), from €4.5m to €5.3m
of which Land and buildings: +€805,208
- Current investments +€311,880
new in 2025: €311,880
Equity and liabilities
- Reserves +€411,346
up €411,346 (+534%), from €77,088 to €488,434
of which Tax-exempt reserves: +€377,752
- Debts after one year +€361,754
up €361,754 (+9.9%), from €3.7m to €4.0m
- Current portion of long-term debt +€234,154
up €234,154 (+106%), from €221,441 to €455,595
- Provisions +€131,818
new in 2025: €131,818
of which Deferred taxes: +€125,917
Income statement
- Gross operating margin +€581,157
up €581,157 (+271%), from €214,758 to €795,914
- Financial charges -€206,693
down €206,693 (-66.4%), from €311,500 to €104,808
of which Non-recurring financial charges: -€220,479
- Turnover +€134,645
new in 2025: €134,645
- Purchases and services +€104,292
new in 2025: €104,292
- Financial income +€14,081
up €14,081 (+230%), from €6,129 to €20,209
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.
Result 2024
-€259,752
Gross operating margin
+€581,157
Depreciation
-€4,537
Other operating charges
-€377
Financial income
+€14,081
Financial charges
+€206,693
Taxes
+€0
Deferred taxes and other
-€125,917
Result 2025
€411,346
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€724,107
Investment
-€1.3m
Financing
+€595,908
Cash 2024
€6,113
From operations (derived)
+€724,107
Net result for the year
+€411,346
Depreciation
+€150,207
Receivables within one year
-€34,268
Deferred charges and accrued income
-€23
Provisions
+€131,818
Trade debts
+€39,142
Tax, wage and social debts
+€28,131
Other debts
-€6,923
Accrued charges and deferred income
+€4,675
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€961,517
Current investments
-€311,880
Financing
+€595,908
Debts after one year
+€361,754
Current portion of long-term debt
+€234,154
Cash 2025
€52,731
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,905,264 | €6,109,363 | +€1.2m | +24.5% |
| Fixed assets | 21/28 | €4,794,085 | €5,605,394 | +€811,310 | +16.9% |
| Tangible fixed assets | 22/27 | €4,474,044 | €5,284,464 | +€810,420 | +18.1% |
| Land and buildings | 22 | €4,474,044 | €5,279,253 | +€805,208 | +18.0% |
| Furniture and vehicles | 24 | - | €5,211 | +€5,211 | |
| Financial fixed assets | 28 | €320,040 | €320,930 | +€890 | +0.3% |
| Current assets | 29/58 | €111,180 | €503,969 | +€392,789 | +353% |
| Amounts receivable within one year | 40/41 | €101,259 | €135,527 | +€34,268 | +33.8% |
| Trade receivables | 40 | €65,261 | €77,582 | +€12,320 | +18.9% |
| Other amounts receivable | 41 | €35,998 | €57,945 | +€21,948 | +61.0% |
| Current investments | 50/53 | - | €311,880 | +€311,880 | |
| Cash at bank and in hand | 54/58 | €6,113 | €52,731 | +€46,618 | +763% |
| Deferred charges and accrued income | 490/1 | €3,808 | €3,831 | +€23 | +0.6% |
| Total equity and liabilities | 10/49 | €4,905,264 | €6,109,363 | +€1.2m | +24.5% |
| Equity | 10/15 | €931,491 | €1,342,837 | +€411,346 | +44.2% |
| Contributions | 10/11 | €854,403 | €854,403 | = | 0.0% |
| Reserves | 13 | €77,088 | €488,434 | +€411,346 | +534% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €377,752 | +€377,752 | |
| Distributable reserves | 133 | €75,233 | €108,827 | +€33,594 | +44.7% |
| Provisions and deferred taxes | 16 | - | €131,818 | +€131,818 | |
| Provisions for liabilities and charges | 160/5 | - | €5,901 | +€5,901 | |
| Other liabilities and charges | 164/5 | - | €5,901 | +€5,901 | |
| Deferred taxes | 168 | - | €125,917 | +€125,917 | |
| Amounts payable | 17/49 | €3,973,774 | €4,634,708 | +€660,934 | +16.6% |
| Amounts payable after more than one year | 17 | €3,662,411 | €4,024,166 | +€361,754 | +9.9% |
| Financial debts | 170/4 | €3,662,411 | €4,024,166 | +€361,754 | +9.9% |
| Amounts payable within one year | 42/48 | €297,162 | €591,666 | +€294,505 | +99.1% |
| Current portion of amounts payable after more than one year | 42 | €221,441 | €455,595 | +€234,154 | +106% |
| Trade debts | 44 | €32,754 | €71,897 | +€39,142 | +120% |
| Suppliers | 440/4 | €32,754 | €67,292 | +€34,538 | +105% |
| Bills of exchange payable | 441 | - | €4,605 | +€4,605 | |
| Taxes, remuneration and social security | 45 | - | €28,131 | +€28,131 | |
| Taxes | 450/3 | - | €28,131 | +€28,131 | |
| Other amounts payable | 47/48 | €42,966 | €36,043 | -€6,923 | -16.1% |
| Accrued charges and deferred income | 492/3 | €14,201 | €18,876 | +€4,675 | +32.9% |
| Turnover | 70 | - | €134,645 | +€134,645 | |
| Non-recurring operating income | 76A | - | €508,351 | +€508,351 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €104,292 | +€104,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,670 | €150,207 | +€4,537 | +3.1% |
| Other operating charges | 640/8 | €23,468 | €23,846 | +€377 | +1.6% |
| Gross operating margin | 9900 | €214,758 | €795,914 | +€581,157 | +271% |
| Operating profit (loss) | 9901 | €45,620 | €621,861 | +€576,242 | +1,263% |
| Financial income | 75/76B | €6,129 | €20,209 | +€14,081 | +230% |
| Recurring financial income | 75 | €6,129 | €20,209 | +€14,081 | +230% |
| Financial charges | 65/66B | €311,500 | €104,808 | -€206,693 | -66.4% |
| Recurring financial charges | 65 | €91,021 | €104,808 | +€13,786 | +15.1% |
| Non-recurring financial charges | 66B | €220,479 | - | -€220,479 | |
| Profit (loss) for the period before taxes | 9903 | -€259,752 | €537,263 | +€797,015 | |
| Transfer from deferred taxes | 780 | - | €1,170 | +€1,170 | |
| Transfer to deferred taxes | 680 | - | €127,088 | +€127,088 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€259,752 | €411,346 | +€671,098 | |
| Transfer from tax-exempt reserves | 789 | - | €3,511 | +€3,511 | |
| Transfer to tax-exempt reserves | 689 | - | €381,263 | +€381,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€259,752 | €33,594 | +€293,347 |
Source: filed annual accounts (NBB), financial years ended 15 December 2024 and 15 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.