De Pauw Consultancy: what changed
De Pauw Consultancy
Largest movements
- Cash +€41,965
up €41,965 (+89.0%), from €47,158 to €89,123
mainly Net result for the year (+€35,020) and Depreciation (+€22,540)
- Tangible fixed assets -€22,540
down €22,540 (-7.3%), from €308,334 to €285,794
of which Furniture and vehicles: -€12,764
- Deferred charges and accrued income -€4,061
down €4,061 (-36.3%), from €11,184 to €7,123
- Reserves +€35,020
up €35,020 (+16.1%), from €217,992 to €253,012
- Debts after one year -€20,137
down €20,137 (-16.3%), from €123,516 to €103,379
- Gross operating margin +€10,844
up €10,844 (+16.9%), from €64,198 to €75,042
- Depreciation +€5,439
up €5,439 (+31.8%), from €17,101 to €22,540
- Taxes +€1,392
up €1,392 (+11.3%), from €12,281 to €13,673
- Financial charges -€1,061
down €1,061 (-27.3%), from €3,879 to €2,818
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,409 | €399,510 | +€15,101 | +3.9% |
| Fixed assets | 21/28 | €308,392 | €285,794 | -€22,598 | -7.3% |
| Tangible fixed assets | 22/27 | €308,334 | €285,794 | -€22,540 | -7.3% |
| Land and buildings | 22 | €246,016 | €237,905 | -€8,111 | -3.3% |
| Plant, machinery and equipment | 23 | €6,056 | €4,392 | -€1,664 | -27.5% |
| Furniture and vehicles | 24 | €56,261 | €43,497 | -€12,764 | -22.7% |
| Financial fixed assets | 28 | €59 | - | -€59 | |
| Current assets | 29/58 | €76,017 | €113,716 | +€37,699 | +49.6% |
| Amounts receivable within one year | 40/41 | €17,674 | €17,469 | -€205 | -1.2% |
| Trade receivables | 40 | €16,958 | €15,851 | -€1,107 | -6.5% |
| Other amounts receivable | 41 | €716 | €1,618 | +€902 | +126% |
| Cash at bank and in hand | 54/58 | €47,158 | €89,123 | +€41,965 | +89.0% |
| Deferred charges and accrued income | 490/1 | €11,184 | €7,123 | -€4,061 | -36.3% |
| Total equity and liabilities | 10/49 | €384,409 | €399,510 | +€15,101 | +3.9% |
| Equity | 10/15 | €217,992 | €253,012 | +€35,020 | +16.1% |
| Reserves | 13 | €217,992 | €253,012 | +€35,020 | +16.1% |
| Distributable reserves | 133 | €217,992 | €253,012 | +€35,020 | +16.1% |
| Amounts payable | 17/49 | €166,417 | €146,497 | -€19,919 | -12.0% |
| Amounts payable after more than one year | 17 | €123,516 | €103,379 | -€20,137 | -16.3% |
| Financial debts | 170/4 | €123,516 | €103,379 | -€20,137 | -16.3% |
| Amounts payable within one year | 42/48 | €42,901 | €43,119 | +€217 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €19,727 | €20,137 | +€410 | +2.1% |
| Trade debts | 44 | €1,551 | €400 | -€1,151 | -74.2% |
| Suppliers | 440/4 | €1,551 | €400 | -€1,151 | -74.2% |
| Taxes, remuneration and social security | 45 | €16,346 | €17,927 | +€1,581 | +9.7% |
| Taxes | 450/3 | €16,346 | €17,927 | +€1,581 | +9.7% |
| Other amounts payable | 47/48 | €5,278 | €4,655 | -€623 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,101 | €22,540 | +€5,439 | +31.8% |
| Other operating charges | 640/8 | €961 | €991 | +€30 | +3.1% |
| Gross operating margin | 9900 | €64,198 | €75,042 | +€10,844 | +16.9% |
| Operating profit (loss) | 9901 | €46,136 | €51,511 | +€5,375 | +11.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,879 | €2,818 | -€1,061 | -27.3% |
| Recurring financial charges | 65 | €3,879 | €2,818 | -€1,061 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €42,258 | €48,693 | +€6,436 | +15.2% |
| Income taxes | 67/77 | €12,281 | €13,673 | +€1,392 | +11.3% |
| Profit (loss) for the period | 9904 | €29,976 | €35,020 | +€5,044 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,976 | €35,020 | +€5,044 | +16.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.