DEFRENNE 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.
DEFRENNE CONSULTING
Largest movements
- Cash +€33,147
up €33,147 (+26.5%), from €125,214 to €158,361
mainly Net result for the year (+€50,217) and Trade debts (+€10,034)
- Receivables within one year +€24,454
up €24,454 (+322%), from €7,605 to €32,059
of which Trade receivables: +€22,899
- Profit (loss) carried forward +€50,217
up €50,217 (+49.6%), from €101,277 to €151,495
- Trade debts +€10,034
new in 2025: €10,034
- Tax, wage and social debts -€3,035
down €3,035 (-9.5%), from €31,962 to €28,927
- Gross operating margin +€10,979
up €10,979 (+19.5%), from €56,344 to €67,323
- Taxes +€2,560
up €2,560 (+21.5%), from €11,889 to €14,449
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 | €136,800 | €194,617 | +€57,817 | +42.3% |
| Fixed assets | 21/28 | €1,805 | €887 | -€918 | -50.8% |
| Tangible fixed assets | 22/27 | €1,805 | €887 | -€918 | -50.8% |
| Furniture and vehicles | 24 | €1,805 | €887 | -€918 | -50.8% |
| Current assets | 29/58 | €134,995 | €193,730 | +€58,734 | +43.5% |
| Amounts receivable within one year | 40/41 | €7,605 | €32,059 | +€24,454 | +322% |
| Trade receivables | 40 | €7,605 | €30,503 | +€22,899 | +301% |
| Other amounts receivable | 41 | - | €1,556 | +€1,556 | |
| Cash at bank and in hand | 54/58 | €125,214 | €158,361 | +€33,147 | +26.5% |
| Deferred charges and accrued income | 490/1 | €2,176 | €3,310 | +€1,133 | +52.1% |
| Total equity and liabilities | 10/49 | €136,800 | €194,617 | +€57,817 | +42.3% |
| Equity | 10/15 | €104,277 | €154,495 | +€50,217 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,277 | €151,495 | +€50,217 | +49.6% |
| Amounts payable | 17/49 | €32,522 | €40,122 | +€7,600 | +23.4% |
| Amounts payable within one year | 42/48 | €32,522 | €38,962 | +€6,439 | +19.8% |
| Trade debts | 44 | - | €10,034 | +€10,034 | |
| Suppliers | 440/4 | - | €10,034 | +€10,034 | |
| Taxes, remuneration and social security | 45 | €31,962 | €28,927 | -€3,035 | -9.5% |
| Taxes | 450/3 | €31,962 | €28,927 | -€3,035 | -9.5% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Accrued charges and deferred income | 492/3 | - | €1,161 | +€1,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €918 | +€260 | +39.5% |
| Other operating charges | 640/8 | €485 | €747 | +€261 | +53.8% |
| Gross operating margin | 9900 | €56,344 | €67,323 | +€10,979 | +19.5% |
| Operating profit (loss) | 9901 | €55,201 | €65,659 | +€10,458 | +18.9% |
| Financial income | 75/76B | €0 | €42 | +€42 | +210,650% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +210,650% |
| Financial charges | 65/66B | €1,400 | €1,035 | -€365 | -26.1% |
| Recurring financial charges | 65 | €1,400 | €1,035 | -€365 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €53,801 | €64,666 | +€10,865 | +20.2% |
| Income taxes | 67/77 | €11,889 | €14,449 | +€2,560 | +21.5% |
| Profit (loss) for the period | 9904 | €41,912 | €50,217 | +€8,305 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,912 | €50,217 | +€8,305 | +19.8% |
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.