DEUCALION: what changed
Two fiscal 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.
What changed
DEUCALION
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€134,699
2024 · €170,224-€35,525
Equity
€9.3m
2024 · €9.2m+€134,699
Cash
€81,985
2024 · €69,644+€12,341
Balance sheet total
€9.4m
2024 · €9.4m-€8,397
Largest movements
Assets
- Receivables within one year +€107,169
up €107,169 (+7.3%), from €1.5m to €1.6m
of which Other amounts receivable: +€82,652
Equity and liabilities
- Short-term financial debts -€150,009
down €150,009 (-100.0%), from €150,072 to €63
of which Credit institutions: -€150,072
- Profit (loss) carried forward +€134,699
up €134,699, from -€129,267 to €5,432
Income statement
- Gross operating margin -€57,315
down €57,315 (-29.4%), from €195,047 to €137,733
- Financial income +€19,340
up €19,340 (+10.5%), from €185,058 to €204,397
- Financial charges -€12,793
down €12,793 (-36.2%), from €35,314 to €22,521
- Staff costs +€5,265
up €5,265 (+11.7%), from €45,136 to €50,401
- Other operating charges +€3,977
up €3,977 (+56.3%), from €7,060 to €11,037
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.
Result 2024
€170,224
Gross operating margin
-€57,315
Staff costs
-€5,265
Depreciation
-€127
Other operating charges
-€3,977
Financial income
+€19,340
Financial charges
+€12,793
Taxes
-€974
Result 2025
€134,699
Cash bridge derived
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.
From operations
+€143,231
Investment
+€18,019
Financing
-€148,909
Cash 2024
€69,644
From operations (derived)
+€143,231
Net result for the year
+€134,699
Depreciation
+€122,339
Receivables within one year
-€107,169
Deferred charges and accrued income
-€12,452
Trade debts
-€2,294
Tax, wage and social debts
+€6,796
Other debts
+€1,310
Investment (derived)
+€18,019
Investment in fixed assets (net)
-€39,194
Current investments
+€57,213
Financing
-€148,909
Debts after one year
+€1,100
Short-term financial debts
-€150,009
Cash 2025
€81,985
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,403,085 | €9,394,688 | -€8,397 | -0.1% |
| Fixed assets | 21/28 | €3,628,652 | €3,545,506 | -€83,146 | -2.3% |
| Tangible fixed assets | 22/27 | €3,593,625 | €3,510,480 | -€83,146 | -2.3% |
| Land and buildings | 22 | €3,419,898 | €3,344,345 | -€75,553 | -2.2% |
| Furniture and vehicles | 24 | €521 | €2,088 | +€1,568 | +301.1% |
| Other tangible fixed assets | 26 | €173,207 | €164,047 | -€9,160 | -5.3% |
| Financial fixed assets | 28 | €35,027 | €35,027 | = | 0.0% |
| Current assets | 29/58 | €5,774,433 | €5,849,181 | +€74,749 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,462,059 | €1,569,228 | +€107,169 | +7.3% |
| Trade receivables | 40 | €117,261 | €141,777 | +€24,516 | +20.9% |
| Other amounts receivable | 41 | €1,344,799 | €1,427,451 | +€82,652 | +6.1% |
| Current investments | 50/53 | €4,143,931 | €4,086,718 | -€57,213 | -1.4% |
| Cash at bank and in hand | 54/58 | €69,644 | €81,985 | +€12,341 | +17.7% |
| Deferred charges and accrued income | 490/1 | €98,799 | €111,251 | +€12,452 | +12.6% |
| Total equity and liabilities | 10/49 | €9,403,085 | €9,394,688 | -€8,397 | -0.1% |
| Equity | 10/15 | €9,194,211 | €9,328,910 | +€134,699 | +1.5% |
| Contributions | 10/11 | €4,561,973 | €4,561,973 | = | 0.0% |
| Capital | 10 | €4,561,973 | €4,561,973 | = | 0.0% |
| Issued capital | 100 | €4,561,973 | €4,561,973 | = | 0.0% |
| Reserves | 13 | €4,761,505 | €4,761,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €456,197 | €456,197 | = | 0.0% |
| Legal reserve | 130 | €456,197 | €456,197 | = | 0.0% |
| Distributable reserves | 133 | €4,305,307 | €4,305,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,267 | €5,432 | +€134,699 | |
| Amounts payable | 17/49 | €208,874 | €65,777 | -€143,097 | -68.5% |
| Amounts payable after more than one year | 17 | €3,250 | €4,350 | +€1,100 | +33.8% |
| Other amounts payable | 178/9 | €3,250 | €4,350 | +€1,100 | +33.8% |
| Amounts payable within one year | 42/48 | €205,624 | €61,427 | -€144,197 | -70.1% |
| Financial debts | 43 | €150,072 | €63 | -€150,009 | -100.0% |
| Credit institutions | 430/8 | €150,072 | €0 | -€150,072 | -100.0% |
| Other loans | 439 | - | €63 | +€63 | |
| Trade debts | 44 | €36,421 | €34,127 | -€2,294 | -6.3% |
| Suppliers | 440/4 | €36,421 | €34,127 | -€2,294 | -6.3% |
| Taxes, remuneration and social security | 45 | €11,981 | €18,777 | +€6,796 | +56.7% |
| Taxes | 450/3 | €6,311 | €9,542 | +€3,231 | +51.2% |
| Remuneration and social security | 454/9 | €5,670 | €9,235 | +€3,565 | +62.9% |
| Other amounts payable | 47/48 | €7,150 | €8,460 | +€1,310 | +18.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €45,136 | €50,401 | +€5,265 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,212 | €122,339 | +€127 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,060 | €11,037 | +€3,977 | +56.3% |
| Gross operating margin | 9900 | €195,047 | €137,733 | -€57,315 | -29.4% |
| Operating profit (loss) | 9901 | €20,639 | -€46,044 | -€66,683 | |
| Financial income | 75/76B | €185,058 | €204,397 | +€19,340 | +10.5% |
| Recurring financial income | 75 | €185,058 | €204,397 | +€19,340 | +10.5% |
| Financial charges | 65/66B | €35,314 | €22,521 | -€12,793 | -36.2% |
| Recurring financial charges | 65 | €35,314 | €22,521 | -€12,793 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €170,383 | €135,832 | -€34,551 | -20.3% |
| Income taxes | 67/77 | €159 | €1,133 | +€974 | +614.2% |
| Profit (loss) for the period | 9904 | €170,224 | €134,699 | -€35,525 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,224 | €134,699 | -€35,525 | -20.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.