DEGAUQUIER: 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
DEGAUQUIER
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€269,582
2024 · €606,666-€337,084
Equity
€2.6m
2024 · €2.3m+€269,582
Cash
€8,584
2024 · €6,136+€2,448
Balance sheet total
€5.8m
2024 · €5.5m+€239,531
Largest movements
Assets
- Financial fixed assets +€955,262
up €955,262 (+29.5%), from €3.2m to €4.2m
of which Affiliated companies: +€4.2m
- Receivables after one year -€562,868
down €562,868 (-38.4%), from €1.5m to €902,799
- Receivables within one year -€307,092
down €307,092 (-72.6%), from €422,822 to €115,729
of which Other amounts receivable: -€322,577
- Tangible fixed assets +€152,908
up €152,908 (+39.2%), from €389,644 to €542,552
of which Land and buildings: +€178,208
Equity and liabilities
- Other debts -€424,812
down €424,812 (-37.2%), from €1.1m to €718,052
- Debts after one year +€385,944
up €385,944 (+26.1%), from €1.5m to €1.9m
of which Other amounts payable: +€328,630
- Profit (loss) carried forward +€269,582
up €269,582 (+12.0%), from €2.2m to €2.5m
- Tax, wage and social debts +€105,420
up €105,420 (+91.2%), from €115,530 to €220,950
- Short-term financial debts -€93,000
down €93,000 (-100%), from €93,000 to €0
Income statement
- Other operating income +€813,865
new in 2025: €813,865
- Gross operating margin -€526,391
no longer reported in 2025 (was €526,391)
- Financial income -€305,864
down €305,864 (-95.1%), from €321,771 to €15,907
of which Non-recurring financial income: -€304,000
- Other operating charges +€302,152
up €302,152 (+254%), from €118,885 to €421,038
- Turnover +€225,866
new in 2025: €225,866
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
€606,666
Turnover
+€225,866
Other operating income
+€813,865
Services and other goods
-€122,772
Depreciation
-€2,557
Write-downs
-€114,373
Other operating charges
-€302,152
Other operating items
-€529,360
Financial income
-€305,864
Financial charges
+€4,606
Taxes
-€4,344
Result 2025
€269,582
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
+€872,914
Investment
-€1.2m
Financing
+€295,469
Cash 2024
€6,136
From operations (derived)
+€872,914
Net result for the year
+€269,582
Depreciation
+€57,765
Receivables after one year
+€562,868
Receivables within one year
+€307,092
Deferred charges and accrued income
+€1,127
Trade debts
-€3,103
Tax, wage and social debts
+€105,420
Other debts
-€424,812
Accrued charges and deferred income
-€3,026
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€295,469
Debts after one year
+€385,944
Current portion of long-term debt
+€2,525
Short-term financial debts
-€93,000
Cash 2025
€8,584
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,527,101 | €5,766,631 | +€239,531 | +4.3% |
| Fixed assets | 21/28 | €3,627,850 | €4,736,020 | +€1.1m | +30.5% |
| Tangible fixed assets | 22/27 | €389,644 | €542,552 | +€152,908 | +39.2% |
| Land and buildings | 22 | €144,504 | €322,712 | +€178,208 | +123% |
| Plant, machinery and equipment | 23 | €2,968 | €6,231 | +€3,263 | +110% |
| Furniture and vehicles | 24 | €8,520 | €7,274 | -€1,246 | -14.6% |
| Other tangible fixed assets | 26 | €233,651 | €206,334 | -€27,317 | -11.7% |
| Financial fixed assets | 28 | €3,238,206 | €4,193,468 | +€955,262 | +29.5% |
| Affiliated companies | 280/1 | - | €4,151,033 | +€4.2m | |
| Participating interests | 280 | - | €4,151,033 | +€4.2m | |
| Companies linked by participating interests | 282/3 | - | €42,435 | +€42,435 | |
| Participating interests | 282 | - | €42,435 | +€42,435 | |
| Current assets | 29/58 | €1,899,251 | €1,030,612 | -€868,639 | -45.7% |
| Amounts receivable after more than one year | 29 | €1,465,667 | €902,799 | -€562,868 | -38.4% |
| Other amounts receivable | 291 | €1,465,667 | €902,799 | -€562,868 | -38.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €422,822 | €115,729 | -€307,092 | -72.6% |
| Trade receivables | 40 | €92,701 | €108,186 | +€15,485 | +16.7% |
| Other amounts receivable | 41 | €330,121 | €7,544 | -€322,577 | -97.7% |
| Cash at bank and in hand | 54/58 | €6,136 | €8,584 | +€2,448 | +39.9% |
| Deferred charges and accrued income | 490/1 | €4,626 | €3,499 | -€1,127 | -24.4% |
| Total equity and liabilities | 10/49 | €5,527,101 | €5,766,631 | +€239,531 | +4.3% |
| Equity | 10/15 | €2,307,612 | €2,577,195 | +€269,582 | +11.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,239,962 | €2,509,545 | +€269,582 | +12.0% |
| Provisions and deferred taxes | 16 | €261,835 | €261,835 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €261,835 | €261,835 | = | 0.0% |
| Pensions and similar obligations | 160 | €261,835 | €261,835 | = | 0.0% |
| Amounts payable | 17/49 | €2,957,654 | €2,927,602 | -€30,052 | -1.0% |
| Amounts payable after more than one year | 17 | €1,480,959 | €1,866,903 | +€385,944 | +26.1% |
| Financial debts | 170/4 | €661,601 | €718,915 | +€57,314 | +8.7% |
| Credit institutions | 173 | - | €718,915 | +€718,915 | |
| Other amounts payable | 178/9 | €819,358 | €1,147,988 | +€328,630 | +40.1% |
| Amounts payable within one year | 42/48 | €1,441,588 | €1,028,619 | -€412,969 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €83,474 | €85,999 | +€2,525 | +3.0% |
| Financial debts | 43 | €93,000 | €0 | -€93,000 | -100% |
| Credit institutions | 430/8 | €93,000 | €0 | -€93,000 | -100% |
| Trade debts | 44 | €6,720 | €3,617 | -€3,103 | -46.2% |
| Suppliers | 440/4 | €6,720 | €3,617 | -€3,103 | -46.2% |
| Taxes, remuneration and social security | 45 | €115,530 | €220,950 | +€105,420 | +91.2% |
| Taxes | 450/3 | €115,530 | €220,950 | +€105,420 | +91.2% |
| Other amounts payable | 47/48 | €1,142,864 | €718,052 | -€424,812 | -37.2% |
| Accrued charges and deferred income | 492/3 | €35,107 | €32,081 | -€3,026 | -8.6% |
| Operating income | 70/76A | - | €1,039,731 | +€1.0m | |
| Turnover | 70 | - | €225,866 | +€225,866 | |
| Other operating income | 74 | - | €813,865 | +€813,865 | |
| Operating charges | 60/66A | - | €604,543 | +€604,543 | |
| Services and other goods | 61 | - | €122,772 | +€122,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,208 | €57,765 | +€2,557 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€114,373 | €0 | +€114,373 | |
| Other operating charges | 640/8 | €118,885 | €421,038 | +€302,152 | +254% |
| Non-recurring operating charges | 66A | - | €2,968 | +€2,968 | |
| Gross operating margin | 9900 | €526,391 | - | -€526,391 | |
| Operating profit (loss) | 9901 | €466,670 | €435,187 | -€31,483 | -6.7% |
| Financial income | 75/76B | €321,771 | €15,907 | -€305,864 | -95.1% |
| Recurring financial income | 75 | €17,771 | €15,907 | -€1,864 | -10.5% |
| Income from financial fixed assets | 750 | - | €15,907 | +€15,907 | |
| Non-recurring financial income | 76B | €304,000 | €0 | -€304,000 | -100% |
| Financial charges | 65/66B | €66,246 | €61,641 | -€4,606 | -7.0% |
| Recurring financial charges | 65 | €66,246 | €61,641 | -€4,606 | -7.0% |
| Debt charges | 650 | - | €57,584 | +€57,584 | |
| Other financial charges | 652/9 | - | €4,056 | +€4,056 | |
| Profit (loss) for the period before taxes | 9903 | €722,195 | €389,454 | -€332,741 | -46.1% |
| Income taxes | 67/77 | €115,528 | €119,872 | +€4,344 | +3.8% |
| Taxes | 670/3 | - | €119,877 | +€119,877 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | €606,666 | €269,582 | -€337,084 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €606,666 | €269,582 | -€337,084 | -55.6% |
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.