DEHORA CONSULTANCY GROUP: 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.
DEHORA CONSULTANCY GROUP
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+43.1%), from €2.7m to €3.8m
of which Trade receivables: +€785,381
- Intangible fixed assets +€689,957
new in 2025: €689,957
- Cash -€439,146
down €439,146 (-70.0%), from €627,460 to €188,314
mainly Receivables within one year (-€1.1m) and Investment in fixed assets (net) (-€1.0m)
- Deferred charges and accrued income -€67,371
down €67,371 (-84.0%), from €80,175 to €12,804
- Accrued charges and deferred income +€634,170
up €634,170 (+107%), from €594,743 to €1.2m
- Tax, wage and social debts +€349,224
up €349,224 (+122%), from €285,248 to €634,472
of which Taxes: +€349,756
- Profit (loss) carried forward +€249,709
up €249,709 (+35.5%), from €704,156 to €953,865
- Trade debts +€123,869
up €123,869 (+15.2%), from €812,561 to €936,429
- Provisions -€48,460
down €48,460 (-4.5%), from €1.1m to €1.0m
- Gross operating margin +€1.1m
up €1.1m (+41.0%), from €2.8m to €3.9m
- Staff costs +€383,899
up €383,899 (+14.4%), from €2.7m to €3.0m
- Depreciation +€339,252
up €339,252 (+1,325%), from €25,604 to €364,857
- Taxes +€130,815
up €130,815 (+268%), from €48,729 to €179,544
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 | €3,505,632 | €4,814,144 | +€1.3m | +37.3% |
| Fixed assets | 21/28 | €135,815 | €803,201 | +€667,386 | +491% |
| Intangible fixed assets | 21 | - | €689,957 | +€689,957 | |
| Tangible fixed assets | 22/27 | €74,805 | €51,898 | -€22,907 | -30.6% |
| Furniture and vehicles | 24 | €65,068 | €46,377 | -€18,691 | -28.7% |
| Other tangible fixed assets | 26 | €9,737 | €5,521 | -€4,217 | -43.3% |
| Financial fixed assets | 28 | €61,010 | €61,346 | +€336 | +0.6% |
| Current assets | 29/58 | €3,369,817 | €4,010,943 | +€641,126 | +19.0% |
| Amounts receivable within one year | 40/41 | €2,662,183 | €3,809,826 | +€1.1m | +43.1% |
| Trade receivables | 40 | €1,318,186 | €2,103,567 | +€785,381 | +59.6% |
| Other amounts receivable | 41 | €1,343,997 | €1,706,258 | +€362,262 | +27.0% |
| Cash at bank and in hand | 54/58 | €627,460 | €188,314 | -€439,146 | -70.0% |
| Deferred charges and accrued income | 490/1 | €80,175 | €12,804 | -€67,371 | -84.0% |
| Total equity and liabilities | 10/49 | €3,505,632 | €4,814,144 | +€1.3m | +37.3% |
| Equity | 10/15 | €728,081 | €977,790 | +€249,709 | +34.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €4,925 | €4,925 | = | 0.0% |
| Distributable reserves | 133 | €4,925 | €4,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704,156 | €953,865 | +€249,709 | +35.5% |
| Provisions and deferred taxes | 16 | €1,085,000 | €1,036,540 | -€48,460 | -4.5% |
| Provisions for liabilities and charges | 160/5 | €1,085,000 | €1,036,540 | -€48,460 | -4.5% |
| Other liabilities and charges | 164/5 | €1,085,000 | €1,036,540 | -€48,460 | -4.5% |
| Amounts payable | 17/49 | €1,692,552 | €2,799,814 | +€1.1m | +65.4% |
| Amounts payable within one year | 42/48 | €1,097,809 | €1,570,901 | +€473,093 | +43.1% |
| Trade debts | 44 | €812,561 | €936,429 | +€123,869 | +15.2% |
| Suppliers | 440/4 | €812,561 | €936,429 | +€123,869 | +15.2% |
| Taxes, remuneration and social security | 45 | €285,248 | €634,472 | +€349,224 | +122% |
| Taxes | 450/3 | €24,416 | €374,171 | +€349,756 | +1,432% |
| Remuneration and social security | 454/9 | €260,832 | €260,301 | -€531 | -0.2% |
| Accrued charges and deferred income | 492/3 | €594,743 | €1,228,913 | +€634,170 | +107% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,664,823 | €3,048,722 | +€383,899 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,604 | €364,857 | +€339,252 | +1,325% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,776 | €62,554 | +€11,778 | +23.2% |
| Other operating charges | 640/8 | €2,253 | €7,228 | +€4,975 | +221% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,766,387 | €3,901,488 | +€1.1m | +41.0% |
| Operating profit (loss) | 9901 | €22,930 | €418,127 | +€395,197 | +1,723% |
| Financial income | 75/76B | €8,471 | €14,231 | +€5,760 | +68.0% |
| Recurring financial income | 75 | €8,471 | €14,231 | +€5,760 | +68.0% |
| Financial charges | 65/66B | €3,239 | €3,105 | -€134 | -4.1% |
| Recurring financial charges | 65 | €3,239 | €3,105 | -€134 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €28,162 | €429,253 | +€401,091 | +1,424% |
| Income taxes | 67/77 | €48,729 | €179,544 | +€130,815 | +268% |
| Profit (loss) for the period | 9904 | -€20,567 | €249,709 | +€270,276 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,567 | €249,709 | +€270,276 |
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 27 October 2026 via checked.be.