DIEPENSTEYN: 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
DIEPENSTEYN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.4m
2024 · €48.8m-€41.4m
Equity
€431.3m
2024 · €423.9m+€7.4m
Cash
€1.3m
2024 · €1.3m+€100
Balance sheet total
€433.3m
2024 · €432.0m+€1.2m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€7.4m
up €7.4m (+2.5%), from €299.0m to €306.4m
- Short-term financial debts -€5.0m
no longer reported in 2025 (was €5.0m)
Income statement
- Financial income -€46.0m
down €46.0m (-71.1%), from €64.7m to €18.7m
of which Non-recurring financial income: -€41.7m
- Financial charges -€5.8m
down €5.8m (-48.9%), from €11.9m to €6.1m
of which Non-recurring financial charges: -€5.2m
- Other operating income -€1.7m
down €1.7m (-82.9%), from €2.0m to €350,449
- Services and other goods -€689,763
down €689,763 (-16.8%), from €4.1m to €3.4m
- Taxes +€587,850
up €587,850 (+1440.9%), from €40,798 to €628,647
of which Taxes: +€575,234
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
€48.8m
Turnover
-€322,544
Other operating income
-€1.7m
Goods and materials
+€5,079
Services and other goods
+€689,763
Staff costs
+€474,651
Depreciation
+€26,726
Write-downs
+€130,852
Other operating charges
+€128,366
Financial income
-€46.0m
Financial charges
+€5.8m
Taxes
-€587,850
Result 2025
€7.4m
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
+€8.5m
Investment
-€2.2m
Financing
-€6.3m
Cash 2024
€1.3m
From operations (derived)
+€8.5m
Net result for the year
+€7.4m
Depreciation
+€1.1m
Receivables after one year
-€3.3m
Receivables within one year
+€3.1m
Deferred charges and accrued income
+€10,247
Trade debts
+€76,037
Tax, wage and social debts
+€94,615
Other debts
+€37,773
Accrued charges and deferred income
-€47,477
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Current investments
+€28,918
Financing
-€6.3m
Debts after one year
-€1.0m
Current portion of long-term debt
-€282,104
Short-term financial debts
-€5.0m
Contributions, distributions and other
-€16,367
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,026,121 | €433,274,903 | +€1.2m | +0.3% |
| Fixed assets | 21/28 | €415,911,704 | €416,997,083 | +€1.1m | +0.3% |
| Tangible fixed assets | 22/27 | €43,568,529 | €43,221,292 | -€347,236 | -0.8% |
| Land and buildings | 22 | €42,523,366 | €42,150,977 | -€372,389 | -0.9% |
| Plant, machinery and equipment | 23 | €460,623 | €599,130 | +€138,507 | +30.1% |
| Furniture and vehicles | 24 | €500,404 | €365,644 | -€134,759 | -26.9% |
| Other tangible fixed assets | 26 | €41,322 | €41,322 | = | 0.0% |
| Assets under construction and advance payments | 27 | €42,813 | €64,219 | +€21,406 | +50.0% |
| Financial fixed assets | 28 | €372,343,176 | €373,775,791 | +€1.4m | +0.4% |
| Companies linked by participating interests | 282/3 | €13,595,325 | €14,572,634 | +€977,309 | +7.2% |
| Participating interests | 282 | €9,850,105 | €10,608,420 | +€758,315 | +7.7% |
| Amounts receivable | 283 | €3,745,220 | €3,964,214 | +€218,993 | +5.8% |
| Other financial fixed assets | 284/8 | €358,747,850 | €359,203,157 | +€455,307 | +0.1% |
| Shares | 284 | €358,227,668 | €358,661,959 | +€434,291 | +0.1% |
| Amounts receivable and cash guarantees | 285/8 | €520,182 | €541,198 | +€21,015 | +4.0% |
| Current assets | 29/58 | €16,114,417 | €16,277,820 | +€163,402 | +1.0% |
| Amounts receivable after more than one year | 29 | €8,226,545 | €11,505,148 | +€3.3m | +39.9% |
| Other amounts receivable | 291 | €8,226,545 | €11,505,148 | +€3.3m | +39.9% |
| Stocks and contracts in progress | 3 | €345,445 | €345,445 | = | 0.0% |
| Stocks | 30/36 | €345,445 | €345,445 | = | 0.0% |
| Property held for sale | 35 | €345,445 | €345,445 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,415,788 | €1,339,653 | -€3.1m | -69.7% |
| Trade receivables | 40 | €2,169,844 | €478,405 | -€1.7m | -78.0% |
| Other amounts receivable | 41 | €2,245,945 | €861,247 | -€1.4m | -61.7% |
| Current investments | 50/53 | €1,778,918 | €1,750,000 | -€28,918 | -1.6% |
| Other investments | 51/53 | €1,778,918 | €1,750,000 | -€28,918 | -1.6% |
| Cash at bank and in hand | 54/58 | €1,323,672 | €1,323,771 | +€100 | 0.0% |
| Deferred charges and accrued income | 490/1 | €24,049 | €13,802 | -€10,247 | -42.6% |
| Total equity and liabilities | 10/49 | €432,026,121 | €433,274,903 | +€1.2m | +0.3% |
| Equity | 10/15 | €423,896,499 | €431,285,535 | +€7.4m | +1.7% |
| Contributions | 10/11 | €31,705,375 | €31,705,375 | = | 0.0% |
| Capital | 10 | €31,705,375 | €31,705,375 | = | 0.0% |
| Issued capital | 100 | €31,705,375 | €31,705,375 | = | 0.0% |
| Reserves | 13 | €93,203,012 | €93,203,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,203,012 | €3,203,012 | = | 0.0% |
| Legal reserve | 130 | €3,170,537 | €3,170,537 | = | 0.0% |
| Other | 1319 | €32,474 | €32,474 | = | 0.0% |
| Distributable reserves | 133 | €90,000,000 | €90,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,988,113 | €306,377,149 | +€7.4m | +2.5% |
| Amounts payable | 17/49 | €8,129,622 | €1,989,368 | -€6.1m | -75.5% |
| Amounts payable after more than one year | 17 | €2,091,569 | €1,072,472 | -€1.0m | -48.7% |
| Other amounts payable | 178/9 | €2,091,569 | €1,072,472 | -€1.0m | -48.7% |
| Amounts payable within one year | 42/48 | €5,871,257 | €797,577 | -€5.1m | -86.4% |
| Current portion of amounts payable after more than one year | 42 | €650,000 | €367,896 | -€282,104 | -43.4% |
| Financial debts | 43 | €5,000,000 | - | -€5.0m | |
| Credit institutions | 430/8 | €5,000,000 | - | -€5.0m | |
| Trade debts | 44 | €99,741 | €175,778 | +€76,037 | +76.2% |
| Suppliers | 440/4 | €99,741 | €175,778 | +€76,037 | +76.2% |
| Taxes, remuneration and social security | 45 | €121,516 | €216,130 | +€94,615 | +77.9% |
| Taxes | 450/3 | €70,877 | €129,761 | +€58,883 | +83.1% |
| Remuneration and social security | 454/9 | €50,638 | €86,370 | +€35,731 | +70.6% |
| Other amounts payable | 47/48 | - | €37,773 | +€37,773 | |
| Accrued charges and deferred income | 492/3 | €166,796 | €119,319 | -€47,477 | -28.5% |
| Operating income | 70/76A | €3,029,399 | €1,008,958 | -€2.0m | -66.7% |
| Turnover | 70 | €981,053 | €658,509 | -€322,544 | -32.9% |
| Other operating income | 74 | €2,048,346 | €350,449 | -€1.7m | -82.9% |
| Operating charges | 60/66A | €7,038,946 | €5,583,509 | -€1.5m | -20.7% |
| Goods for resale, raw materials and consumables | 60 | €6,786 | €1,707 | -€5,079 | -74.8% |
| Purchases | 600/8 | €6,786 | €1,707 | -€5,079 | -74.8% |
| Services and other goods | 61 | €4,101,406 | €3,411,643 | -€689,763 | -16.8% |
| Remuneration, social security and pensions | 62 | €1,145,054 | €670,403 | -€474,651 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,127,063 | €1,100,338 | -€26,726 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €202,932 | €72,080 | -€130,852 | -64.5% |
| Other operating charges | 640/8 | €455,705 | €327,339 | -€128,366 | -28.2% |
| Operating profit (loss) | 9901 | -€4,009,546 | -€4,574,552 | -€565,005 | -14.1% |
| Financial income | 75/76B | €64,708,716 | €18,686,987 | -€46.0m | -71.1% |
| Recurring financial income | 75 | €18,461,220 | €14,165,057 | -€4.3m | -23.3% |
| Income from financial fixed assets | 750 | €17,681,971 | €13,523,695 | -€4.2m | -23.5% |
| Income from current assets | 751 | €650,445 | €630,321 | -€20,124 | -3.1% |
| Other financial income | 752/9 | €128,804 | €11,041 | -€117,763 | -91.4% |
| Non-recurring financial income | 76B | €46,247,496 | €4,521,930 | -€41.7m | -90.2% |
| Financial charges | 65/66B | €11,900,043 | €6,078,385 | -€5.8m | -48.9% |
| Recurring financial charges | 65 | €1,302,089 | €639,571 | -€662,518 | -50.9% |
| Debt charges | 650 | €677,395 | €147,340 | -€530,055 | -78.2% |
| Other financial charges | 652/9 | €624,694 | €492,231 | -€132,463 | -21.2% |
| Non-recurring financial charges | 66B | €10,597,954 | €5,438,814 | -€5.2m | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €48,799,126 | €8,034,051 | -€40.8m | -83.5% |
| Income taxes | 67/77 | €40,798 | €628,647 | +€587,850 | +1440.9% |
| Taxes | 670/3 | €53,413 | €628,647 | +€575,234 | +1076.9% |
| Tax adjustments and reversals of tax provisions | 77 | €12,616 | - | -€12,616 | |
| Profit (loss) for the period | 9904 | €48,758,329 | €7,405,403 | -€41.4m | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,758,329 | €7,405,403 | -€41.4m | -84.8% |
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 5 October 2026 via checked.be.