DEUCE 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.
DEUCE CONSULT
Largest movements
- Cash +€388,435
up €388,435 (+595.0%), from €65,285 to €453,720
mainly Current investments (+€274,682) and Net result for the year (+€103,879)
- Current investments -€274,682
down €274,682 (-64.5%), from €425,667 to €150,986
- Receivables within one year -€37,069
down €37,069 (-85.2%), from €43,512 to €6,443
of which Other amounts receivable: -€30,612
- Deferred charges and accrued income +€21,595
up €21,595 (+7900.2%), from €273 to €21,868
- Reserves +€53,404
up €53,404 (+10.2%), from €521,667 to €575,070
- Trade debts +€21,431
up €21,431 (+809.1%), from €2,649 to €24,080
- Tax, wage and social debts +€21,270
up €21,270 (+376.9%), from €5,644 to €26,914
- Gross operating margin +€28,243
up €28,243 (+23.9%), from €118,369 to €146,612
- Taxes +€11,738
up €11,738 (+36.7%), from €31,964 to €43,703
- Other operating charges -€5,271
down €5,271 (-44.8%), from €11,758 to €6,487
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,192 | €635,457 | +€99,265 | +18.5% |
| Fixed assets | 21/28 | €1,454 | €2,441 | +€986 | +67.8% |
| Tangible fixed assets | 22/27 | €1,454 | €2,441 | +€986 | +67.8% |
| Plant, machinery and equipment | 23 | €1,454 | €1,090 | -€365 | -25.1% |
| Furniture and vehicles | 24 | - | €1,351 | +€1,351 | |
| Current assets | 29/58 | €534,738 | €633,017 | +€98,279 | +18.4% |
| Amounts receivable within one year | 40/41 | €43,512 | €6,443 | -€37,069 | -85.2% |
| Trade receivables | 40 | €6,457 | €0 | -€6,457 | -100.0% |
| Other amounts receivable | 41 | €37,056 | €6,443 | -€30,612 | -82.6% |
| Current investments | 50/53 | €425,667 | €150,986 | -€274,682 | -64.5% |
| Cash at bank and in hand | 54/58 | €65,285 | €453,720 | +€388,435 | +595.0% |
| Deferred charges and accrued income | 490/1 | €273 | €21,868 | +€21,595 | +7900.2% |
| Total equity and liabilities | 10/49 | €536,192 | €635,457 | +€99,265 | +18.5% |
| Equity | 10/15 | €527,867 | €581,270 | +€53,404 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €521,667 | €575,070 | +€53,404 | +10.2% |
| Distributable reserves | 133 | €521,667 | €575,070 | +€53,404 | +10.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,326 | €54,187 | +€45,861 | +550.8% |
| Amounts payable within one year | 42/48 | €8,326 | €54,187 | +€45,861 | +550.8% |
| Financial debts | 43 | €33 | €155 | +€122 | +369.7% |
| Credit institutions | 430/8 | €33 | €155 | +€122 | +369.7% |
| Trade debts | 44 | €2,649 | €24,080 | +€21,431 | +809.1% |
| Suppliers | 440/4 | €2,649 | €24,080 | +€21,431 | +809.1% |
| Taxes, remuneration and social security | 45 | €5,644 | €26,914 | +€21,270 | +376.9% |
| Taxes | 450/3 | €5,644 | €26,914 | +€21,270 | +376.9% |
| Other amounts payable | 47/48 | - | €3,038 | +€3,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €400 | +€35 | +9.6% |
| Other operating charges | 640/8 | €11,758 | €6,487 | -€5,271 | -44.8% |
| Gross operating margin | 9900 | €118,369 | €146,612 | +€28,243 | +23.9% |
| Operating profit (loss) | 9901 | €106,246 | €139,725 | +€33,479 | +31.5% |
| Financial income | 75/76B | €12,630 | €13,626 | +€996 | +7.9% |
| Recurring financial income | 75 | €12,630 | €13,626 | +€996 | +7.9% |
| Financial charges | 65/66B | €5,622 | €5,769 | +€148 | +2.6% |
| Recurring financial charges | 65 | €5,622 | €5,769 | +€148 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €113,255 | €147,582 | +€34,327 | +30.3% |
| Income taxes | 67/77 | €31,964 | €43,703 | +€11,738 | +36.7% |
| Profit (loss) for the period | 9904 | €81,290 | €103,879 | +€22,588 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,290 | €103,879 | +€22,588 | +27.8% |
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 10 October 2026 via checked.be.