DGMD 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.
What changed
DGMD CONSULT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€88,762
2024 · €264,180-€175,418
Equity
€16.6m
2024 · €16.6m+€33,584
Cash
€3.2m
2024 · €3.2m+€23,030
Balance sheet total
€17.0m
2024 · €17.0m+€27,868
Largest movements
Assets
- Receivables within one year +€468,739
up €468,739 (+23.5%), from €2.0m to €2.5m
of which Other amounts receivable: +€396,929
- Current investments -€431,787
down €431,787 (-5.3%), from €8.2m to €7.8m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€242,466
down €242,466, from €137,297 to -€105,169
- Financial income +€105,380
up €105,380 (+35.9%), from €293,705 to €399,084
- Taxes +€33,156
up €33,156 (+84.7%), from €39,125 to €72,282
- Depreciation +€2,884
up €2,884 (+6.4%), from €45,383 to €48,267
- Staff costs +€1,572
up €1,572 (+4.7%), from €33,302 to €34,874
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
€264,180
Gross operating margin
-€242,466
Staff costs
-€1,572
Depreciation
-€2,884
Other operating charges
+€321
Financial income
+€105,380
Financial charges
-€1,039
Taxes
-€33,156
Result 2025
€88,762
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
-€293,490
Investment
+€411,673
Financing
-€95,152
Cash 2024
€3.2m
From operations (derived)
-€293,490
Net result for the year
+€88,762
Depreciation
+€48,267
Receivables within one year
-€468,739
Deferred charges and accrued income
+€3,960
Trade debts
+€6,478
Tax, wage and social debts
+€26,281
Accrued charges and deferred income
+€1,500
Investment (derived)
+€411,673
Investment in fixed assets (net)
-€20,115
Current investments
+€431,787
Financing
-€95,152
Debts after one year
-€40,444
Current portion of long-term debt
+€469
Contributions, distributions and other
-€55,178
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,959,513 | €16,987,381 | +€27,868 | +0.2% |
| Fixed assets | 21/28 | €3,573,332 | €3,545,179 | -€28,153 | -0.8% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,310,818 | €1,292,665 | -€18,153 | -1.4% |
| Land and buildings | 22 | €1,154,747 | €1,146,034 | -€8,714 | -0.8% |
| Furniture and vehicles | 24 | €13,161 | €7,676 | -€5,485 | -41.7% |
| Other tangible fixed assets | 26 | €142,910 | €138,955 | -€3,955 | -2.8% |
| Financial fixed assets | 28 | €2,232,514 | €2,232,514 | = | 0.0% |
| Current assets | 29/58 | €13,386,181 | €13,442,203 | +€56,021 | +0.4% |
| Amounts receivable within one year | 40/41 | €1,994,847 | €2,463,586 | +€468,739 | +23.5% |
| Trade receivables | 40 | €215,215 | €287,025 | +€71,810 | +33.4% |
| Other amounts receivable | 41 | €1,779,632 | €2,176,561 | +€396,929 | +22.3% |
| Current investments | 50/53 | €8,219,846 | €7,788,059 | -€431,787 | -5.3% |
| Cash at bank and in hand | 54/58 | €3,157,833 | €3,180,863 | +€23,030 | +0.7% |
| Deferred charges and accrued income | 490/1 | €13,656 | €9,695 | -€3,960 | -29.0% |
| Total equity and liabilities | 10/49 | €16,959,513 | €16,987,381 | +€27,868 | +0.2% |
| Equity | 10/15 | €16,593,807 | €16,627,391 | +€33,584 | +0.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €7,498,732 | €7,532,316 | +€33,584 | +0.4% |
| Distributable reserves | 133 | €7,498,732 | €7,532,316 | +€33,584 | +0.4% |
| Profit (loss) carried forward | 14 | €9,073,075 | €9,073,075 | = | 0.0% |
| Amounts payable | 17/49 | €365,706 | €359,990 | -€5,716 | -1.6% |
| Amounts payable after more than one year | 17 | €272,709 | €232,266 | -€40,444 | -14.8% |
| Financial debts | 170/4 | €272,709 | €232,266 | -€40,444 | -14.8% |
| Amounts payable within one year | 42/48 | €85,497 | €118,724 | +€33,228 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €39,975 | €40,444 | +€469 | +1.2% |
| Trade debts | 44 | €1,656 | €8,134 | +€6,478 | +391.2% |
| Suppliers | 440/4 | €1,656 | €8,134 | +€6,478 | +391.2% |
| Taxes, remuneration and social security | 45 | €43,866 | €70,147 | +€26,281 | +59.9% |
| Taxes | 450/3 | €43,866 | €70,147 | +€26,281 | +59.9% |
| Accrued charges and deferred income | 492/3 | €7,500 | €9,000 | +€1,500 | +20.0% |
| Remuneration, social security and pensions | 62 | €33,302 | €34,874 | +€1,572 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,383 | €48,267 | +€2,884 | +6.4% |
| Other operating charges | 640/8 | €18,502 | €18,182 | -€321 | -1.7% |
| Gross operating margin | 9900 | €137,297 | -€105,169 | -€242,466 | |
| Operating profit (loss) | 9901 | €40,110 | -€206,492 | -€246,602 | |
| Financial income | 75/76B | €293,705 | €399,084 | +€105,380 | +35.9% |
| Recurring financial income | 75 | €293,705 | €399,084 | +€105,380 | +35.9% |
| Financial charges | 65/66B | €30,510 | €31,549 | +€1,039 | +3.4% |
| Recurring financial charges | 65 | €30,510 | €31,549 | +€1,039 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €303,305 | €161,044 | -€142,261 | -46.9% |
| Income taxes | 67/77 | €39,125 | €72,282 | +€33,156 | +84.7% |
| Profit (loss) for the period | 9904 | €264,180 | €88,762 | -€175,418 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €264,180 | €88,762 | -€175,418 | -66.4% |
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 3 October 2026 via checked.be.