DEUS: 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
DEUS
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€19.1m
2023 · -€21.7m+€2.5m
Equity
-€40.2m
2023 · -€21.1m-€19.1m
Cash
€339,868
2023 · €298,671+€41,196
Balance sheet total
€164.2m
2023 · €201.1m-€37.0m
Largest movements
Assets
- Tangible fixed assets -€21.2m
down €21.2m (-91.8%), from €23.0m to €1.9m
of which Land and buildings: -€21.1m
- Financial fixed assets -€11.7m
down €11.7m (-7.9%), from €147.9m to €136.2m
of which Affiliated companies: -€11.7m
- Receivables within one year -€2.1m
down €2.1m (-8.0%), from €26.5m to €24.4m
of which Other amounts receivable: -€2.7m
- Deferred charges and accrued income -€2.1m
down €2.1m (-62.1%), from €3.3m to €1.3m
Equity and liabilities
- Profit (loss) carried forward -€19.1m
down €19.1m (-59.4%), from -€32.2m to -€51.3m
- Debts after one year -€16.3m
down €16.3m (-7.9%), from €207.6m to €191.2m
of which Other amounts payable: -€8.3m
- Short-term financial debts -€12.2m
no longer reported in 2024 (was €12.2m)
- Other debts +€10.2m
up €10.2m (+5441.3%), from €187,788 to €10.4m
Income statement
- Financial charges +€4.3m
up €4.3m (+15.4%), from €28.1m to €32.5m
of which Non-recurring financial charges: +€6.3m
- Financial income +€3.5m
up €3.5m (+46.3%), from €7.6m to €11.1m
of which Non-recurring financial income: +€3.8m
- Services and other goods +€751,209
up €751,209 (+45.0%), from €1.7m to €2.4m
- Turnover +€379,891
up €379,891 (+14.8%), from €2.6m to €2.9m
- Other operating charges -€364,896
down €364,896 (-93.4%), from €390,848 to €25,953
From the 2023 result to the 2024 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 2023
-€21.7m
Turnover
+€379,891
Other operating income
+€3,780
Goods and materials
+€129
Services and other goods
-€751,209
Staff costs
+€51,214
Depreciation
+€279,996
Other operating charges
+€364,896
Other operating items
+€3.0m
Financial income
+€3.5m
Financial charges
-€4.3m
Taxes
+€71,788
Result 2024
-€19.1m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3.7m
Investment
+€32.7m
Financing
-€29.0m
Cash 2023
€298,671
From operations (derived)
-€3.7m
Net result for the year
-€19.1m
Depreciation
+€141,864
Receivables within one year
+€2.1m
Deferred charges and accrued income
+€2.1m
Trade debts
+€398,569
Tax, wage and social debts
-€71,089
Other debts
+€10.2m
Accrued charges and deferred income
+€593,700
Investment (derived)
+€32.7m
Investment in fixed assets (net)
+€32.7m
Financing
-€29.0m
Debts after one year
-€16.3m
Current portion of long-term debt
-€450,000
Short-term financial debts
-€12.2m
Cash 2024
€339,868
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,132,035 | €164,162,915 | -€37.0m | -18.4% |
| Fixed assets | 21/28 | €170,970,051 | €138,134,047 | -€32.8m | -19.2% |
| Tangible fixed assets | 22/27 | €23,049,940 | €1,891,781 | -€21.2m | -91.8% |
| Land and buildings | 22 | €22,913,143 | €1,820,231 | -€21.1m | -92.1% |
| Furniture and vehicles | 24 | €136,798 | €71,550 | -€65,247 | -47.7% |
| Financial fixed assets | 28 | €147,920,111 | €136,242,266 | -€11.7m | -7.9% |
| Affiliated companies | 280/1 | €144,119,611 | €132,441,766 | -€11.7m | -8.1% |
| Participating interests | 280 | €81,735,931 | €61,861,585 | -€19.9m | -24.3% |
| Amounts receivable | 281 | €62,383,680 | €70,580,181 | +€8.2m | +13.1% |
| Other financial fixed assets | 284/8 | €3,800,500 | €3,800,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,800,500 | €3,800,500 | = | 0.0% |
| Current assets | 29/58 | €30,161,983 | €26,028,868 | -€4.1m | -13.7% |
| Amounts receivable within one year | 40/41 | €26,545,029 | €24,431,727 | -€2.1m | -8.0% |
| Trade receivables | 40 | €2,858,222 | €3,424,919 | +€566,697 | +19.8% |
| Other amounts receivable | 41 | €23,686,807 | €21,006,808 | -€2.7m | -11.3% |
| Cash at bank and in hand | 54/58 | €298,671 | €339,868 | +€41,196 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,318,283 | €1,257,273 | -€2.1m | -62.1% |
| Total equity and liabilities | 10/49 | €201,132,035 | €164,162,915 | -€37.0m | -18.4% |
| Equity | 10/15 | -€21,058,793 | -€40,192,218 | -€19.1m | -90.9% |
| Contributions | 10/11 | €8,191,500 | €8,191,500 | = | 0.0% |
| Capital | 10 | €8,191,500 | €8,191,500 | = | 0.0% |
| Issued capital | 100 | €8,191,500 | €8,191,500 | = | 0.0% |
| Reserves | 13 | €2,964,150 | €2,964,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,964,150 | €2,964,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,964,150 | €2,964,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,214,443 | -€51,347,868 | -€19.1m | -59.4% |
| Amounts payable | 17/49 | €222,190,828 | €204,355,132 | -€17.8m | -8.0% |
| Amounts payable after more than one year | 17 | €207,551,053 | €191,236,119 | -€16.3m | -7.9% |
| Financial debts | 170/4 | €10,425,000 | €2,415,500 | -€8.0m | -76.8% |
| Credit institutions | 173 | €10,425,000 | €2,415,500 | -€8.0m | -76.8% |
| Other amounts payable | 178/9 | €197,126,053 | €188,820,619 | -€8.3m | -4.2% |
| Amounts payable within one year | 42/48 | €14,568,333 | €12,453,872 | -€2.1m | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | €350,000 | -€450,000 | -56.3% |
| Financial debts | 43 | €12,210,000 | - | -€12.2m | |
| Credit institutions | 430/8 | €12,210,000 | - | -€12.2m | |
| Trade debts | 44 | €1,113,526 | €1,512,095 | +€398,569 | +35.8% |
| Suppliers | 440/4 | €1,113,526 | €1,512,095 | +€398,569 | +35.8% |
| Taxes, remuneration and social security | 45 | €257,019 | €185,930 | -€71,089 | -27.7% |
| Taxes | 450/3 | €48,496 | €34,595 | -€13,901 | -28.7% |
| Remuneration and social security | 454/9 | €208,523 | €151,335 | -€57,188 | -27.4% |
| Other amounts payable | 47/48 | €187,788 | €10,405,847 | +€10.2m | +5441.3% |
| Accrued charges and deferred income | 492/3 | €71,442 | €665,141 | +€593,700 | +831.0% |
| Operating income | 70/76A | €2,585,528 | €5,936,135 | +€3.4m | +129.6% |
| Turnover | 70 | €2,558,825 | €2,938,715 | +€379,891 | +14.8% |
| Other operating income | 74 | €26,703 | €30,483 | +€3,780 | +14.2% |
| Non-recurring operating income | 76A | - | €2,966,936 | +€3.0m | |
| Operating charges | 60/66A | €3,784,889 | €3,839,862 | +€54,974 | +1.5% |
| Goods for resale, raw materials and consumables | 60 | €129 | - | -€129 | |
| Purchases | 600/8 | €129 | - | -€129 | |
| Services and other goods | 61 | €1,668,912 | €2,420,120 | +€751,209 | +45.0% |
| Remuneration, social security and pensions | 62 | €1,303,139 | €1,251,925 | -€51,214 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421,860 | €141,864 | -€279,996 | -66.4% |
| Other operating charges | 640/8 | €390,848 | €25,953 | -€364,896 | -93.4% |
| Operating profit (loss) | 9901 | -€1,199,361 | €2,096,272 | +€3.3m | |
| Financial income | 75/76B | €7,586,435 | €11,099,423 | +€3.5m | +46.3% |
| Recurring financial income | 75 | €7,586,435 | €7,282,055 | -€304,380 | -4.0% |
| Income from financial fixed assets | 750 | €6,536,496 | €5,537,012 | -€999,484 | -15.3% |
| Income from current assets | 751 | €1,049,939 | €1,745,016 | +€695,077 | +66.2% |
| Other financial income | 752/9 | - | €27 | +€27 | |
| Non-recurring financial income | 76B | - | €3,817,368 | +€3.8m | |
| Financial charges | 65/66B | €28,112,268 | €32,451,515 | +€4.3m | +15.4% |
| Recurring financial charges | 65 | €18,693,569 | €16,698,898 | -€2.0m | -10.7% |
| Debt charges | 650 | €14,653,660 | €15,234,085 | +€580,425 | +4.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €4,000,000 | €1,425,360 | -€2.6m | -64.4% |
| Other financial charges | 652/9 | €39,909 | €39,453 | -€456 | -1.1% |
| Non-recurring financial charges | 66B | €9,418,699 | €15,752,616 | +€6.3m | +67.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,725,194 | -€19,255,819 | +€2.5m | +11.4% |
| Income taxes | 67/77 | -€50,607 | -€122,395 | -€71,788 | -141.9% |
| Taxes | 670/3 | €63,599 | €57,000 | -€6,599 | -10.4% |
| Tax adjustments and reversals of tax provisions | 77 | €114,206 | €179,395 | +€65,189 | +57.1% |
| Profit (loss) for the period | 9904 | -€21,674,587 | -€19,133,425 | +€2.5m | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,674,587 | -€19,133,425 | +€2.5m | +11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.