DEPHI CONSULT: 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.
DEPHI CONSULT
Largest movements
- Cash +€12,283
up €12,283 (+162%), from €7,559 to €19,842
mainly Net result for the year (+€11,576) and Depreciation (+€9,596)
- Receivables within one year -€6,104
down €6,104 (-18.2%), from €33,595 to €27,491
of which Trade receivables: -€4,275
- Tangible fixed assets -€4,096
down €4,096 (-13.6%), from €30,070 to €25,973
of which Plant, machinery and equipment: -€3,096
- Intangible fixed assets -€4,000
down €4,000 (-18.0%), from €22,208 to €18,208
- Deferred charges and accrued income -€1,348
down €1,348 (-45.8%), from €2,943 to €1,594
- Profit (loss) carried forward +€11,576
up €11,576 (+24.8%), from -€46,726 to -€35,150
- Trade debts -€10,355
down €10,355 (-11.5%), from €90,158 to €79,803
- Debts after one year -€5,496
down €5,496 (-34.9%), from €15,729 to €10,233
- Accrued charges and deferred income +€3,250
new in 2025: €3,250
- Other debts -€2,960
down €2,960 (-15.7%), from €18,811 to €15,850
- Gross operating margin +€10,327
up €10,327 (+37.1%), from €27,813 to €38,140
- Financial charges -€1,801
down €1,801 (-34.5%), from €5,217 to €3,416
- Other operating charges +€1,696
up €1,696 (+14.7%), from €11,577 to €13,273
- Staff costs -€1,436
down €1,436 (-100%), from €1,436 to €0
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 | €115,942 | €112,835 | -€3,107 | -2.7% |
| Fixed assets | 21/28 | €54,878 | €46,782 | -€8,096 | -14.8% |
| Intangible fixed assets | 21 | €22,208 | €18,208 | -€4,000 | -18.0% |
| Tangible fixed assets | 22/27 | €30,070 | €25,973 | -€4,096 | -13.6% |
| Plant, machinery and equipment | 23 | €28,320 | €25,223 | -€3,096 | -10.9% |
| Furniture and vehicles | 24 | €1,750 | €750 | -€1,000 | -57.1% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €61,064 | €66,053 | +€4,989 | +8.2% |
| Stocks and contracts in progress | 3 | €16,968 | €17,126 | +€158 | +0.9% |
| Stocks | 30/36 | €16,968 | €17,126 | +€158 | +0.9% |
| Amounts receivable within one year | 40/41 | €33,595 | €27,491 | -€6,104 | -18.2% |
| Trade receivables | 40 | €31,451 | €27,176 | -€4,275 | -13.6% |
| Other amounts receivable | 41 | €2,143 | €315 | -€1,829 | -85.3% |
| Cash at bank and in hand | 54/58 | €7,559 | €19,842 | +€12,283 | +162% |
| Deferred charges and accrued income | 490/1 | €2,943 | €1,594 | -€1,348 | -45.8% |
| Total equity and liabilities | 10/49 | €115,942 | €112,835 | -€3,107 | -2.7% |
| Equity | 10/15 | -€34,201 | -€22,625 | +€11,576 | +33.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125 | €125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,726 | -€35,150 | +€11,576 | +24.8% |
| Amounts payable | 17/49 | €150,143 | €135,460 | -€14,683 | -9.8% |
| Amounts payable after more than one year | 17 | €15,729 | €10,233 | -€5,496 | -34.9% |
| Financial debts | 170/4 | €15,729 | €10,233 | -€5,496 | -34.9% |
| Amounts payable within one year | 42/48 | €134,414 | €121,977 | -€12,437 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €6,687 | €5,497 | -€1,190 | -17.8% |
| Financial debts | 43 | €262 | €0 | -€262 | -100% |
| Credit institutions | 430/8 | €262 | €0 | -€262 | -100% |
| Trade debts | 44 | €90,158 | €79,803 | -€10,355 | -11.5% |
| Suppliers | 440/4 | €90,158 | €79,803 | -€10,355 | -11.5% |
| Taxes, remuneration and social security | 45 | €18,496 | €20,826 | +€2,330 | +12.6% |
| Taxes | 450/3 | €14,149 | €20,826 | +€6,677 | +47.2% |
| Remuneration and social security | 454/9 | €4,347 | €0 | -€4,347 | -100% |
| Other amounts payable | 47/48 | €18,811 | €15,850 | -€2,960 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €3,250 | +€3,250 | |
| Remuneration, social security and pensions | 62 | €1,436 | €0 | -€1,436 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,360 | €9,596 | +€236 | +2.5% |
| Other operating charges | 640/8 | €11,577 | €13,273 | +€1,696 | +14.7% |
| Gross operating margin | 9900 | €27,813 | €38,140 | +€10,327 | +37.1% |
| Operating profit (loss) | 9901 | €5,440 | €15,271 | +€9,831 | +181% |
| Financial income | 75/76B | €16 | €2 | -€13 | -84.9% |
| Recurring financial income | 75 | €16 | €2 | -€13 | -84.9% |
| Financial charges | 65/66B | €5,217 | €3,416 | -€1,801 | -34.5% |
| Recurring financial charges | 65 | €5,217 | €3,416 | -€1,801 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €238 | €11,857 | +€11,619 | +4,878% |
| Income taxes | 67/77 | €140 | €281 | +€142 | +101% |
| Profit (loss) for the period | 9904 | €99 | €11,576 | +€11,477 | +11,630% |
| Profit (loss) for the period to be appropriated | 9905 | €99 | €11,576 | +€11,477 | +11,630% |
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 30 October 2026 via checked.be.