'DEWAELE CONSULT': 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.
'DEWAELE CONSULT'
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+227.9%), from €511,124 to €1.7m
- Receivables within one year +€381,083
up €381,083 (+48.7%), from €782,813 to €1.2m
of which Other amounts receivable: +€337,551
- Cash +€204,430
up €204,430 (+366.6%), from €55,761 to €260,191
mainly Debts after one year (+€902,995) and Short-term financial debts (+€704,549)
- Debts after one year +€902,995
up €902,995 (+113.3%), from €796,667 to €1.7m
- Short-term financial debts +€704,549
new in 2025: €704,549
- Other debts +€307,900
up €307,900 (+1231.6%), from €25,000 to €332,900
- Reserves -€223,799
down €223,799 (-6.8%), from €3.3m to €3.1m
of which Distributable reserves: -€223,799
- Financial income -€120,325
down €120,325 (-36.6%), from €328,748 to €208,422
of which Non-recurring financial income: -€237,747
- Financial charges +€68,530
up €68,530 (+1028.9%), from €6,661 to €75,191
- Gross operating margin -€25,142
down €25,142 (-8.3%), from €301,836 to €276,694
- Taxes -€8,180
down €8,180 (-6.5%), from €125,541 to €117,361
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 | €4,212,547 | €5,958,393 | +€1.7m | +41.4% |
| Fixed assets | 21/28 | €1,116,183 | €2,292,558 | +€1.2m | +105.4% |
| Tangible fixed assets | 22/27 | €605,058 | €616,539 | +€11,481 | +1.9% |
| Land and buildings | 22 | €575,506 | €573,191 | -€2,315 | -0.4% |
| Plant, machinery and equipment | 23 | €9,962 | €6,370 | -€3,592 | -36.1% |
| Furniture and vehicles | 24 | €3,081 | €20,469 | +€17,388 | +564.4% |
| Other tangible fixed assets | 26 | €16,509 | €16,509 | = | 0.0% |
| Financial fixed assets | 28 | €511,124 | €1,676,019 | +€1.2m | +227.9% |
| Current assets | 29/58 | €3,096,364 | €3,665,835 | +€569,471 | +18.4% |
| Amounts receivable within one year | 40/41 | €782,813 | €1,163,896 | +€381,083 | +48.7% |
| Trade receivables | 40 | - | €43,532 | +€43,532 | |
| Other amounts receivable | 41 | €782,813 | €1,120,364 | +€337,551 | +43.1% |
| Current investments | 50/53 | €2,230,430 | €2,217,818 | -€12,612 | -0.6% |
| Cash at bank and in hand | 54/58 | €55,761 | €260,191 | +€204,430 | +366.6% |
| Deferred charges and accrued income | 490/1 | €27,360 | €23,930 | -€3,430 | -12.5% |
| Total equity and liabilities | 10/49 | €4,212,547 | €5,958,393 | +€1.7m | +41.4% |
| Equity | 10/15 | €3,297,514 | €3,073,715 | -€223,799 | -6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €3,277,514 | €3,053,715 | -€223,799 | -6.8% |
| Tax-exempt reserves | 132 | €110,265 | €110,265 | = | 0.0% |
| Distributable reserves | 133 | €3,167,249 | €2,943,450 | -€223,799 | -7.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €915,033 | €2,884,677 | +€2.0m | +215.3% |
| Amounts payable after more than one year | 17 | €796,667 | €1,699,662 | +€902,995 | +113.3% |
| Financial debts | 170/4 | €796,667 | €1,699,662 | +€902,995 | +113.3% |
| Amounts payable within one year | 42/48 | €117,676 | €1,175,075 | +€1.1m | +898.6% |
| Current portion of amounts payable after more than one year | 42 | €38,606 | €43,263 | +€4,657 | +12.1% |
| Financial debts | 43 | - | €704,549 | +€704,549 | |
| Credit institutions | 430/8 | - | €704,549 | +€704,549 | |
| Trade debts | 44 | €5,878 | €5,418 | -€460 | -7.8% |
| Suppliers | 440/4 | €5,878 | €5,418 | -€460 | -7.8% |
| Taxes, remuneration and social security | 45 | €48,192 | €88,945 | +€40,753 | +84.6% |
| Taxes | 450/3 | €48,192 | €88,945 | +€40,753 | +84.6% |
| Other amounts payable | 47/48 | €25,000 | €332,900 | +€307,900 | +1231.6% |
| Accrued charges and deferred income | 492/3 | €689 | €9,940 | +€9,251 | +1342.4% |
| Non-recurring operating income | 76A | €518 | €101 | -€416 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,246 | €29,676 | -€570 | -1.9% |
| Other operating charges | 640/8 | €6,599 | €6,687 | +€88 | +1.3% |
| Non-recurring operating charges | 66A | €316 | €0 | -€316 | -100.0% |
| Gross operating margin | 9900 | €301,836 | €276,694 | -€25,142 | -8.3% |
| Operating profit (loss) | 9901 | €264,674 | €240,330 | -€24,344 | -9.2% |
| Financial income | 75/76B | €328,748 | €208,422 | -€120,325 | -36.6% |
| Recurring financial income | 75 | €91,001 | €208,422 | +€117,421 | +129.0% |
| Non-recurring financial income | 76B | €237,747 | €0 | -€237,747 | -100.0% |
| Financial charges | 65/66B | €6,661 | €75,191 | +€68,530 | +1028.9% |
| Recurring financial charges | 65 | €6,661 | €75,191 | +€68,530 | +1028.9% |
| Profit (loss) for the period before taxes | 9903 | €586,761 | €373,562 | -€213,200 | -36.3% |
| Income taxes | 67/77 | €125,541 | €117,361 | -€8,180 | -6.5% |
| Profit (loss) for the period | 9904 | €461,220 | €256,201 | -€205,019 | -44.5% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €355,970 | €256,201 | -€99,769 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.