De Varé 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.
De Varé Consult
Largest movements
- Current investments +€426,842
up €426,842 (+84.2%), from €507,229 to €934,071
- Cash +€188,281
up €188,281 (+56.4%), from €333,684 to €521,964
mainly Net result for the year (+€613,258) and Tax, wage and social debts (+€46,218)
- Receivables within one year -€43,933
down €43,933 (-46.6%), from €94,295 to €50,362
of which Trade receivables: -€45,804
- Deferred charges and accrued income +€43,017
up €43,017 (+1,454%), from €2,958 to €45,975
- Reserves +€517,464
up €517,464 (+59.2%), from €873,759 to €1.4m
of which Distributable reserves: +€517,464
- Tax, wage and social debts +€46,218
up €46,218 (+89.9%), from €51,429 to €97,647
of which Taxes: +€46,218
- Other debts +€39,238
up €39,238 (+69.4%), from €56,555 to €95,793
- Gross operating margin +€242,396
up €242,396 (+41.6%), from €581,988 to €824,383
- Taxes +€103,546
up €103,546 (+57.8%), from €179,087 to €282,633
- Financial income +€101,727
up €101,727 (+4,030%), from €2,525 to €104,252
- Financial charges +€13,886
up €13,886 (+5,872%), from €236 to €14,122
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 | €995,348 | €1,597,564 | +€602,215 | +60.5% |
| Fixed assets | 21/28 | €57,183 | €45,191 | -€11,991 | -21.0% |
| Tangible fixed assets | 22/27 | €57,183 | €45,191 | -€11,991 | -21.0% |
| Plant, machinery and equipment | 23 | €15,105 | €10,648 | -€4,458 | -29.5% |
| Furniture and vehicles | 24 | €26,084 | €17,950 | -€8,133 | -31.2% |
| Other tangible fixed assets | 26 | €15,994 | €16,594 | +€600 | +3.7% |
| Current assets | 29/58 | €938,166 | €1,552,372 | +€614,207 | +65.5% |
| Amounts receivable within one year | 40/41 | €94,295 | €50,362 | -€43,933 | -46.6% |
| Trade receivables | 40 | €86,635 | €40,831 | -€45,804 | -52.9% |
| Other amounts receivable | 41 | €7,659 | €9,531 | +€1,871 | +24.4% |
| Current investments | 50/53 | €507,229 | €934,071 | +€426,842 | +84.2% |
| Cash at bank and in hand | 54/58 | €333,684 | €521,964 | +€188,281 | +56.4% |
| Deferred charges and accrued income | 490/1 | €2,958 | €45,975 | +€43,017 | +1,454% |
| Total equity and liabilities | 10/49 | €995,348 | €1,597,564 | +€602,215 | +60.5% |
| Equity | 10/15 | €886,159 | €1,403,623 | +€517,464 | +58.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €873,759 | €1,391,223 | +€517,464 | +59.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €855,009 | €1,372,473 | +€517,464 | +60.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,189 | €193,940 | +€84,751 | +77.6% |
| Amounts payable within one year | 42/48 | €109,189 | €193,940 | +€84,751 | +77.6% |
| Trade debts | 44 | €1,205 | €500 | -€705 | -58.5% |
| Suppliers | 440/4 | €1,205 | €500 | -€705 | -58.5% |
| Taxes, remuneration and social security | 45 | €51,429 | €97,647 | +€46,218 | +89.9% |
| Taxes | 450/3 | €51,429 | €97,647 | +€46,218 | +89.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €56,555 | €95,793 | +€39,238 | +69.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,480 | €17,174 | -€2,306 | -11.8% |
| Other operating charges | 640/8 | €1,439 | €1,448 | +€9 | +0.7% |
| Gross operating margin | 9900 | €581,988 | €824,383 | +€242,396 | +41.6% |
| Operating profit (loss) | 9901 | €561,069 | €805,761 | +€244,692 | +43.6% |
| Financial income | 75/76B | €2,525 | €104,252 | +€101,727 | +4,030% |
| Recurring financial income | 75 | €2,525 | €104,252 | +€101,727 | +4,030% |
| Financial charges | 65/66B | €236 | €14,122 | +€13,886 | +5,872% |
| Recurring financial charges | 65 | €236 | €14,122 | +€13,886 | +5,872% |
| Profit (loss) for the period before taxes | 9903 | €563,357 | €895,891 | +€332,534 | +59.0% |
| Income taxes | 67/77 | €179,087 | €282,633 | +€103,546 | +57.8% |
| Profit (loss) for the period | 9904 | €384,270 | €613,258 | +€228,987 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €384,270 | €613,258 | +€228,987 | +59.6% |
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 22 October 2026 via checked.be.