DIR - CONSULT: what changed
Two financial 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.
DIR - CONSULT
Largest movements
- Tangible fixed assets -€32,451
down €32,451 (-5.2%), from €620,062 to €587,611
- Cash -€11,285
down €11,285 (-51.6%), from €21,866 to €10,581
mainly Current portion of long-term debt (-€36,752) and Net result for the year (-€4,690)
- Current portion of long-term debt -€36,752
down €36,752 (-96.4%), from €38,139 to €1,387
- Gross operating margin -€4,880
down €4,880 (-11.3%), from €43,035 to €38,155
- Depreciation -€1,782
down €1,782 (-5.2%), from €34,233 to €32,451
- Financial charges -€931
down €931 (-45.1%), from €2,062 to €1,131
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 | €679,472 | €638,969 | -€40,503 | -6.0% |
| Fixed assets | 21/28 | €620,062 | €587,611 | -€32,451 | -5.2% |
| Tangible fixed assets | 22/27 | €620,062 | €587,611 | -€32,451 | -5.2% |
| Land and buildings | 22 | €620,062 | €587,611 | -€32,451 | -5.2% |
| Current assets | 29/58 | €59,410 | €51,358 | -€8,052 | -13.6% |
| Amounts receivable within one year | 40/41 | €6,116 | €9,833 | +€3,717 | +60.8% |
| Trade receivables | 40 | €6,116 | €9,734 | +€3,618 | +59.2% |
| Other amounts receivable | 41 | - | €99 | +€99 | |
| Current investments | 50/53 | €30,945 | €30,945 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,866 | €10,581 | -€11,285 | -51.6% |
| Deferred charges and accrued income | 490/1 | €484 | - | -€484 | |
| Total equity and liabilities | 10/49 | €679,472 | €638,969 | -€40,503 | -6.0% |
| Equity | 10/15 | €75,770 | €71,080 | -€4,690 | -6.2% |
| Contributions | 10/11 | €63,010 | €63,010 | = | 0.0% |
| Capital | 10 | €63,010 | €63,010 | = | 0.0% |
| Issued capital | 100 | €63,010 | €63,010 | = | 0.0% |
| Reserves | 13 | €197,518 | €197,518 | = | 0.0% |
| Distributable reserves | 133 | €197,518 | €197,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,758 | -€189,448 | -€4,690 | -2.5% |
| Amounts payable | 17/49 | €603,702 | €567,889 | -€35,813 | -5.9% |
| Amounts payable within one year | 42/48 | €603,702 | €567,889 | -€35,813 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €38,139 | €1,387 | -€36,752 | -96.4% |
| Trade debts | 44 | - | €735 | +€735 | |
| Suppliers | 440/4 | - | €735 | +€735 | |
| Taxes, remuneration and social security | 45 | €760 | €464 | -€296 | -38.9% |
| Taxes | 450/3 | €760 | €464 | -€296 | -38.9% |
| Other amounts payable | 47/48 | €564,803 | €565,303 | +€500 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,233 | €32,451 | -€1,782 | -5.2% |
| Other operating charges | 640/8 | €9,222 | €9,071 | -€152 | -1.6% |
| Gross operating margin | 9900 | €43,035 | €38,155 | -€4,880 | -11.3% |
| Operating profit (loss) | 9901 | -€421 | -€3,367 | -€2,946 | -700.5% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,062 | €1,131 | -€931 | -45.1% |
| Recurring financial charges | 65 | €2,062 | €1,131 | -€931 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,477 | -€4,498 | -€2,020 | -81.5% |
| Income taxes | 67/77 | €272 | €192 | -€80 | -29.4% |
| Profit (loss) for the period | 9904 | -€2,750 | -€4,690 | -€1,940 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,750 | -€4,690 | -€1,940 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.