Deschodt Consultancy: 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.
Deschodt Consultancy
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+126%), from €888,654 to €2.0m
of which Land and buildings: +€1.1m
- Stocks and contracts -€1.0m
no longer reported in 2025 (was €1.0m)
- Receivables within one year -€321,836
down €321,836 (-95.5%), from €336,983 to €15,148
of which Other amounts receivable: -€319,539
- Receivables after one year +€290,000
new in 2025: €290,000
- Cash -€200,515
down €200,515 (-97.6%), from €205,392 to €4,877
mainly Investment in fixed assets (net) (-€1.2m) and Receivables after one year (-€290,000)
- Debts after one year +€113,400
up €113,400 (+7.8%), from €1.5m to €1.6m
- Current portion of long-term debt -€91,708
no longer reported in 2025 (was €91,708)
- Other debts -€63,808
down €63,808 (-81.5%), from €78,300 to €14,491
- Gross operating margin +€132,499
up €132,499 (+241%), from €55,008 to €187,507
- Depreciation +€34,092
up €34,092 (+57.1%), from €59,679 to €93,771
- Financial charges +€31,874
up €31,874 (+107%), from €29,688 to €61,562
- Other operating charges -€7,801
down €7,801 (-96.2%), from €8,113 to €312
- Financial income -€3,709
down €3,709 (-98.1%), from €3,783 to €73
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 | €2,456,769 | €2,469,839 | +€13,070 | +0.5% |
| Fixed assets | 21/28 | €888,954 | €2,006,914 | +€1.1m | +126% |
| Tangible fixed assets | 22/27 | €888,654 | €2,006,464 | +€1.1m | +126% |
| Land and buildings | 22 | €871,012 | €1,997,854 | +€1.1m | +129% |
| Furniture and vehicles | 24 | €17,642 | €8,611 | -€9,031 | -51.2% |
| Financial fixed assets | 28 | €300 | €450 | +€150 | +50.0% |
| Current assets | 29/58 | €1,567,815 | €462,925 | -€1.1m | -70.5% |
| Amounts receivable after more than one year | 29 | - | €290,000 | +€290,000 | |
| Other amounts receivable | 291 | - | €290,000 | +€290,000 | |
| Stocks and contracts in progress | 3 | €1,025,440 | - | -€1.0m | |
| Stocks | 30/36 | €1,025,440 | - | -€1.0m | |
| Amounts receivable within one year | 40/41 | €336,983 | €15,148 | -€321,836 | -95.5% |
| Trade receivables | 40 | €13,780 | €11,484 | -€2,296 | -16.7% |
| Other amounts receivable | 41 | €323,203 | €3,664 | -€319,539 | -98.9% |
| Cash at bank and in hand | 54/58 | €205,392 | €4,877 | -€200,515 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €152,900 | +€152,900 | |
| Total equity and liabilities | 10/49 | €2,456,769 | €2,469,839 | +€13,070 | +0.5% |
| Equity | 10/15 | €686,824 | €717,115 | +€30,290 | +4.4% |
| Contributions | 10/11 | €626,400 | €626,400 | = | 0.0% |
| Reserves | 13 | €60,424 | €81,696 | +€21,272 | +35.2% |
| Non-distributable reserves | 130/1 | €1,696 | €1,696 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,696 | €1,696 | = | 0.0% |
| Distributable reserves | 133 | €58,728 | €80,000 | +€21,272 | +36.2% |
| Profit (loss) carried forward | 14 | - | €9,018 | +€9,018 | |
| Amounts payable | 17/49 | €1,769,944 | €1,752,724 | -€17,220 | -1.0% |
| Amounts payable after more than one year | 17 | €1,454,807 | €1,568,207 | +€113,400 | +7.8% |
| Financial debts | 170/4 | €1,454,807 | €1,568,207 | +€113,400 | +7.8% |
| Amounts payable within one year | 42/48 | €305,048 | €184,517 | -€120,531 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €91,708 | - | -€91,708 | |
| Trade debts | 44 | €130,842 | €141,302 | +€10,461 | +8.0% |
| Suppliers | 440/4 | €130,842 | €141,302 | +€10,461 | +8.0% |
| Taxes, remuneration and social security | 45 | €4,199 | €28,724 | +€24,525 | +584% |
| Taxes | 450/3 | €4,199 | €1,724 | -€2,475 | -59.0% |
| Remuneration and social security | 454/9 | - | €27,000 | +€27,000 | |
| Other amounts payable | 47/48 | €78,300 | €14,491 | -€63,808 | -81.5% |
| Accrued charges and deferred income | 492/3 | €10,089 | - | -€10,089 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,679 | €93,771 | +€34,092 | +57.1% |
| Other operating charges | 640/8 | €8,113 | €312 | -€7,801 | -96.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,008 | €187,507 | +€132,499 | +241% |
| Operating profit (loss) | 9901 | -€12,784 | €93,424 | +€106,208 | |
| Financial income | 75/76B | €3,783 | €73 | -€3,709 | -98.1% |
| Recurring financial income | 75 | €3,783 | €73 | -€3,709 | -98.1% |
| Financial charges | 65/66B | €29,688 | €61,562 | +€31,874 | +107% |
| Recurring financial charges | 65 | €29,688 | €61,562 | +€31,874 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€38,689 | €31,936 | +€70,625 | |
| Income taxes | 67/77 | €744 | €1,645 | +€901 | +121% |
| Profit (loss) for the period | 9904 | -€39,434 | €30,290 | +€69,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,434 | €30,290 | +€69,724 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.