Defcon 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.
Defcon Consulting
Largest movements
- Receivables within one year +€8,433
up €8,433 (+645%), from €1,308 to €9,741
of which Trade receivables: +€9,670
- Cash +€3,661
up €3,661 (+6.0%), from €60,525 to €64,185
mainly Other debts (+€53,491) and Tax, wage and social debts (+€9,532)
- Reserves -€57,099
down €57,099 (-59.7%), from €95,651 to €38,552
of which Distributable reserves: -€55,239
- Other debts +€53,491
new in 2025: €53,491
- Tax, wage and social debts +€9,532
new in 2025: €9,532
- Profit (loss) carried forward +€5,132
up €5,132 (+11.4%), from -€44,967 to -€39,835
- Gross operating margin +€50,267
up €50,267, from -€43,496 to €6,771
- Depreciation -€590
down €590 (-51.3%), from €1,151 to €561
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 | €63,084 | €74,616 | +€11,532 | +18.3% |
| Fixed assets | 21/28 | €1,251 | €690 | -€561 | -44.8% |
| Tangible fixed assets | 22/27 | €1,251 | €690 | -€561 | -44.8% |
| Plant, machinery and equipment | 23 | €794 | €560 | -€233 | -29.4% |
| Furniture and vehicles | 24 | €457 | €130 | -€328 | -71.6% |
| Current assets | 29/58 | €61,832 | €73,926 | +€12,093 | +19.6% |
| Amounts receivable within one year | 40/41 | €1,308 | €9,741 | +€8,433 | +645% |
| Trade receivables | 40 | €71 | €9,741 | +€9,670 | +13,658% |
| Other amounts receivable | 41 | €1,237 | - | -€1,237 | |
| Cash at bank and in hand | 54/58 | €60,525 | €64,185 | +€3,661 | +6.0% |
| Total equity and liabilities | 10/49 | €63,084 | €74,616 | +€11,532 | +18.3% |
| Equity | 10/15 | €63,084 | €11,117 | -€51,967 | -82.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,651 | €38,552 | -€57,099 | -59.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €93,791 | €38,552 | -€55,239 | -58.9% |
| Profit (loss) carried forward | 14 | -€44,967 | -€39,835 | +€5,132 | +11.4% |
| Amounts payable | 17/49 | - | €63,499 | +€63,499 | |
| Amounts payable within one year | 42/48 | - | €63,499 | +€63,499 | |
| Trade debts | 44 | - | €476 | +€476 | |
| Suppliers | 440/4 | - | €476 | +€476 | |
| Taxes, remuneration and social security | 45 | - | €9,532 | +€9,532 | |
| Taxes | 450/3 | - | €9,532 | +€9,532 | |
| Other amounts payable | 47/48 | - | €53,491 | +€53,491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €561 | -€590 | -51.3% |
| Other operating charges | 640/8 | €909 | €1,119 | +€210 | +23.1% |
| Gross operating margin | 9900 | -€43,496 | €6,771 | +€50,267 | |
| Operating profit (loss) | 9901 | -€45,556 | €5,092 | +€50,648 | |
| Financial income | 75/76B | €661 | €293 | -€369 | -55.8% |
| Recurring financial income | 75 | €661 | €293 | -€369 | -55.8% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,967 | €5,312 | +€50,280 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | -€44,967 | €5,132 | +€50,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,967 | €5,132 | +€50,100 |
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 23 October 2026 via checked.be.