Denver 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.
Denver Consulting
Largest movements
- Tangible fixed assets +€25,945
new in 2025: €25,945
- Cash -€8,110
down €8,110 (-13.9%), from €58,295 to €50,185
mainly Investment in fixed assets (net) (-€27,088) and Tax, wage and social debts (-€4,677)
- Receivables within one year +€3,958
up €3,958 (+74.1%), from €5,343 to €9,302
of which Other amounts receivable: +€4,062
- Debts after one year +€13,772
new in 2025: €13,772
- Reserves +€9,481
up €9,481 (+17.8%), from €53,282 to €62,763
- Tax, wage and social debts -€4,677
down €4,677 (-97.8%), from €4,780 to €103
- Current portion of long-term debt +€4,552
new in 2025: €4,552
- Trade debts -€902
down €902 (-76.2%), from €1,183 to €281
- Gross operating margin -€42,365
down €42,365 (-73.1%), from €57,942 to €15,577
- Taxes -€4,481
down €4,481 (-52.8%), from €8,488 to €4,006
- Depreciation +€1,143
new in 2025: €1,143
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 | €64,245 | €86,472 | +€22,227 | +34.6% |
| Fixed assets | 21/28 | - | €25,945 | +€25,945 | |
| Tangible fixed assets | 22/27 | - | €25,945 | +€25,945 | |
| Furniture and vehicles | 24 | - | €25,945 | +€25,945 | |
| Current assets | 29/58 | €64,245 | €60,526 | -€3,718 | -5.8% |
| Amounts receivable within one year | 40/41 | €5,343 | €9,302 | +€3,958 | +74.1% |
| Trade receivables | 40 | €104 | - | -€104 | |
| Other amounts receivable | 41 | €5,240 | €9,302 | +€4,062 | +77.5% |
| Cash at bank and in hand | 54/58 | €58,295 | €50,185 | -€8,110 | -13.9% |
| Deferred charges and accrued income | 490/1 | €607 | €1,040 | +€433 | +71.4% |
| Total equity and liabilities | 10/49 | €64,245 | €86,472 | +€22,227 | +34.6% |
| Equity | 10/15 | €58,282 | €67,763 | +€9,481 | +16.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,282 | €62,763 | +€9,481 | +17.8% |
| Distributable reserves | 133 | €53,282 | €62,763 | +€9,481 | +17.8% |
| Amounts payable | 17/49 | €5,963 | €18,709 | +€12,745 | +214% |
| Amounts payable after more than one year | 17 | - | €13,772 | +€13,772 | |
| Financial debts | 170/4 | - | €13,772 | +€13,772 | |
| Amounts payable within one year | 42/48 | €5,963 | €4,937 | -€1,027 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,552 | +€4,552 | |
| Trade debts | 44 | €1,183 | €281 | -€902 | -76.2% |
| Suppliers | 440/4 | €1,183 | €281 | -€902 | -76.2% |
| Taxes, remuneration and social security | 45 | €4,780 | €103 | -€4,677 | -97.8% |
| Taxes | 450/3 | €4,780 | €103 | -€4,677 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,143 | +€1,143 | |
| Other operating charges | 640/8 | €387 | €791 | +€403 | +104% |
| Gross operating margin | 9900 | €57,942 | €15,577 | -€42,365 | -73.1% |
| Operating profit (loss) | 9901 | €57,554 | €13,644 | -€43,911 | -76.3% |
| Financial income | 75/76B | €242 | €234 | -€8 | -3.1% |
| Recurring financial income | 75 | €242 | €234 | -€8 | -3.1% |
| Financial charges | 65/66B | €161 | €390 | +€229 | +142% |
| Recurring financial charges | 65 | €161 | €390 | +€229 | +142% |
| Profit (loss) for the period before taxes | 9903 | €57,635 | €13,488 | -€44,147 | -76.6% |
| Income taxes | 67/77 | €8,488 | €4,006 | -€4,481 | -52.8% |
| Profit (loss) for the period | 9904 | €49,147 | €9,481 | -€39,666 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,147 | €9,481 | -€39,666 | -80.7% |
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 15 October 2026 via checked.be.