Develop Consult: what changed
Develop Consult
Largest movements
- Tangible fixed assets +€83,349
up €83,349 (+3,942%), from €2,115 to €85,464
of which Furniture and vehicles: +€83,449
- Cash +€41,909
up €41,909 (+82.5%), from €50,775 to €92,684
mainly Net result for the year (+€117,436) and Current investments (+€40,715)
- Current investments -€40,715
down €40,715 (-50.9%), from €80,000 to €39,285
- Receivables within one year +€6,742
up €6,742 (+30.4%), from €22,208 to €28,950
of which Other amounts receivable: +€4,021
- Reserves +€43,569
up €43,569 (+145%), from €30,000 to €73,569
- Debts after one year +€37,613
new in 2025: €37,613
- Current portion of long-term debt +€15,843
new in 2025: €15,843
- Other debts -€4,782
down €4,782 (-3.5%), from €136,289 to €131,507
- Gross operating margin -€49,601
down €49,601 (-23.5%), from €211,179 to €161,577
- Taxes -€15,126
down €15,126 (-31.0%), from €48,815 to €33,689
- Depreciation +€14,087
up €14,087 (+1,328%), from €1,061 to €15,148
- Financial income +€7,154
up €7,154 (+1,237%), from €578 to €7,733
of which Non-recurring financial income: +€5,491
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,889 | €275,644 | +€90,755 | +49.1% |
| Fixed assets | 21/28 | €2,115 | €85,464 | +€83,349 | +3,942% |
| Tangible fixed assets | 22/27 | €2,115 | €85,464 | +€83,349 | +3,942% |
| Plant, machinery and equipment | 23 | €100 | €0 | -€100 | -100% |
| Furniture and vehicles | 24 | €2,015 | €85,464 | +€83,449 | +4,142% |
| Current assets | 29/58 | €182,774 | €190,180 | +€7,406 | +4.1% |
| Amounts receivable within one year | 40/41 | €22,208 | €28,950 | +€6,742 | +30.4% |
| Trade receivables | 40 | €19,350 | €22,071 | +€2,721 | +14.1% |
| Other amounts receivable | 41 | €2,858 | €6,879 | +€4,021 | +141% |
| Current investments | 50/53 | €80,000 | €39,285 | -€40,715 | -50.9% |
| Cash at bank and in hand | 54/58 | €50,775 | €92,684 | +€41,909 | +82.5% |
| Deferred charges and accrued income | 490/1 | €29,791 | €29,262 | -€529 | -1.8% |
| Total equity and liabilities | 10/49 | €184,889 | €275,644 | +€90,755 | +49.1% |
| Equity | 10/15 | €35,000 | €78,569 | +€43,569 | +124% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €73,569 | +€43,569 | +145% |
| Distributable reserves | 133 | €30,000 | €73,569 | +€43,569 | +145% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,889 | €197,075 | +€47,186 | +31.5% |
| Amounts payable after more than one year | 17 | - | €37,613 | +€37,613 | |
| Financial debts | 170/4 | - | €37,613 | +€37,613 | |
| Amounts payable within one year | 42/48 | €149,327 | €159,052 | +€9,726 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,843 | +€15,843 | |
| Trade debts | 44 | €2,346 | €1,840 | -€506 | -21.6% |
| Suppliers | 440/4 | €2,346 | €1,840 | -€506 | -21.6% |
| Taxes, remuneration and social security | 45 | €10,691 | €9,862 | -€830 | -7.8% |
| Taxes | 450/3 | €8,491 | €7,662 | -€830 | -9.8% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €136,289 | €131,507 | -€4,782 | -3.5% |
| Accrued charges and deferred income | 492/3 | €563 | €409 | -€154 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061 | €15,148 | +€14,087 | +1,328% |
| Other operating charges | 640/8 | €505 | €804 | +€298 | +59.0% |
| Gross operating margin | 9900 | €211,179 | €161,577 | -€49,601 | -23.5% |
| Operating profit (loss) | 9901 | €209,612 | €145,626 | -€63,987 | -30.5% |
| Financial income | 75/76B | €578 | €7,733 | +€7,154 | +1,237% |
| Recurring financial income | 75 | €578 | €2,242 | +€1,664 | +288% |
| Non-recurring financial income | 76B | - | €5,491 | +€5,491 | |
| Financial charges | 65/66B | €686 | €2,233 | +€1,547 | +226% |
| Recurring financial charges | 65 | €686 | €2,233 | +€1,547 | +226% |
| Profit (loss) for the period before taxes | 9903 | €209,505 | €151,125 | -€58,380 | -27.9% |
| Income taxes | 67/77 | €48,815 | €33,689 | -€15,126 | -31.0% |
| Profit (loss) for the period | 9904 | €160,690 | €117,436 | -€43,254 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €160,690 | €117,436 | -€43,254 | -26.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.