DELL 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.
DELL CONSULTING
Largest movements
- Tangible fixed assets +€558,209
up €558,209 (+285%), from €195,691 to €753,900
of which Land and buildings: +€583,119
- Receivables within one year +€484,825
up €484,825 (+56.0%), from €865,919 to €1.4m
of which Other amounts receivable: +€283,624
- Cash -€267,684
down €267,684 (-95.9%), from €279,151 to €11,466
mainly Investment in fixed assets (net) (-€636,369) and Receivables within one year (-€484,825)
- Stocks and contracts -€41,469
no longer reported in 2025 (was €41,469)
- Debts after one year +€456,406
up €456,406 (+81.0%), from €563,719 to €1.0m
of which Financial debts: +€456,406
- Profit (loss) carried forward +€187,832
up €187,832 (+51.2%), from €367,184 to €555,016
- Tax, wage and social debts +€37,011
up €37,011 (+80.0%), from €46,274 to €83,286
- Current portion of long-term debt +€25,486
up €25,486 (+37.0%), from €68,888 to €94,374
- Trade debts +€23,098
up €23,098 (+669%), from €3,451 to €26,549
- Gross operating margin -€74,096
down €74,096 (-19.3%), from €384,605 to €310,509
- Depreciation +€38,990
up €38,990 (+102%), from €38,169 to €77,160
- Financial charges +€14,459
up €14,459 (+187%), from €7,745 to €22,204
- Financial income +€7,943
up €7,943 (+56.6%), from €14,025 to €21,968
- Taxes +€5,061
up €5,061 (+9.6%), from €52,784 to €57,845
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 | €1,392,343 | €2,127,719 | +€735,376 | +52.8% |
| Fixed assets | 21/28 | €195,691 | €754,900 | +€559,209 | +286% |
| Tangible fixed assets | 22/27 | €195,691 | €753,900 | +€558,209 | +285% |
| Land and buildings | 22 | €81,948 | €665,067 | +€583,119 | +712% |
| Plant, machinery and equipment | 23 | €2,262 | €5,229 | +€2,967 | +131% |
| Furniture and vehicles | 24 | €101,472 | €75,957 | -€25,515 | -25.1% |
| Other tangible fixed assets | 26 | €10,010 | €7,648 | -€2,362 | -23.6% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €1,196,652 | €1,372,819 | +€176,167 | +14.7% |
| Stocks and contracts in progress | 3 | €41,469 | - | -€41,469 | |
| Stocks | 30/36 | €41,469 | - | -€41,469 | |
| Amounts receivable within one year | 40/41 | €865,919 | €1,350,744 | +€484,825 | +56.0% |
| Trade receivables | 40 | €15,627 | €216,828 | +€201,201 | +1,288% |
| Other amounts receivable | 41 | €850,292 | €1,133,916 | +€283,624 | +33.4% |
| Current investments | 50/53 | €8,209 | €8,210 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €279,151 | €11,466 | -€267,684 | -95.9% |
| Deferred charges and accrued income | 490/1 | €1,904 | €2,398 | +€494 | +26.0% |
| Total equity and liabilities | 10/49 | €1,392,343 | €2,127,719 | +€735,376 | +52.8% |
| Equity | 10/15 | €611,736 | €788,363 | +€176,627 | +28.9% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €225,951 | €212,887 | -€13,065 | -5.8% |
| Tax-exempt reserves | 132 | €224,091 | €212,887 | -€11,205 | -5.0% |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €367,184 | €555,016 | +€187,832 | +51.2% |
| Provisions and deferred taxes | 16 | €74,697 | €70,962 | -€3,735 | -5.0% |
| Deferred taxes | 168 | €74,697 | €70,962 | -€3,735 | -5.0% |
| Amounts payable | 17/49 | €705,910 | €1,268,394 | +€562,483 | +79.7% |
| Amounts payable after more than one year | 17 | €563,719 | €1,020,124 | +€456,406 | +81.0% |
| Financial debts | 170/4 | €332,819 | €789,224 | +€456,406 | +137% |
| Other amounts payable | 178/9 | €230,900 | €230,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,150 | €248,227 | +€106,078 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €68,888 | €94,374 | +€25,486 | +37.0% |
| Trade debts | 44 | €3,451 | €26,549 | +€23,098 | +669% |
| Suppliers | 440/4 | €3,451 | €26,549 | +€23,098 | +669% |
| Taxes, remuneration and social security | 45 | €46,274 | €83,286 | +€37,011 | +80.0% |
| Taxes | 450/3 | €46,274 | €83,286 | +€37,011 | +80.0% |
| Other amounts payable | 47/48 | €23,537 | €44,019 | +€20,482 | +87.0% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | +€0 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,169 | €77,160 | +€38,990 | +102% |
| Other operating charges | 640/8 | €6,564 | €2,377 | -€4,187 | -63.8% |
| Gross operating margin | 9900 | €384,605 | €310,509 | -€74,096 | -19.3% |
| Operating profit (loss) | 9901 | €339,872 | €230,973 | -€108,899 | -32.0% |
| Financial income | 75/76B | €14,025 | €21,968 | +€7,943 | +56.6% |
| Recurring financial income | 75 | €14,025 | €21,968 | +€7,943 | +56.6% |
| Financial charges | 65/66B | €7,745 | €22,204 | +€14,459 | +187% |
| Recurring financial charges | 65 | €7,745 | €22,204 | +€14,459 | +187% |
| Profit (loss) for the period before taxes | 9903 | €346,152 | €230,737 | -€115,415 | -33.3% |
| Transfer from deferred taxes | 780 | - | €3,735 | +€3,735 | |
| Transfer to deferred taxes | 680 | €29,786 | - | -€29,786 | |
| Income taxes | 67/77 | €52,784 | €57,845 | +€5,061 | +9.6% |
| Profit (loss) for the period | 9904 | €263,582 | €176,627 | -€86,954 | -33.0% |
| Transfer from tax-exempt reserves | 789 | - | €11,205 | +€11,205 | |
| Transfer to tax-exempt reserves | 689 | €89,359 | - | -€89,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,223 | €187,832 | +€13,609 | +7.8% |
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 13 October 2026 via checked.be.