DIRECT CONSULTING: 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.
DIRECT CONSULTING
Largest movements
- Tangible fixed assets -€7,181
down €7,181 (-9.5%), from €75,369 to €68,188
of which Plant, machinery and equipment: -€3,963
- Cash -€909
down €909 (-50.8%), from €1,791 to €882
mainly Net result for the year (-€9,810)
- Profit (loss) carried forward -€9,809
down €9,809 (-4.5%), from -€218,907 to -€228,716
- Debts after one year +€1,719
up €1,719 (+0.6%), from €272,319 to €274,038
of which Other amounts payable: +€2,106
- Gross operating margin -€647
down €647 (-76.1%), from €850 to €203
- Depreciation +€523
up €523 (+7.9%), from €6,658 to €7,181
- Other operating charges -€56
down €56 (-2.0%), from €2,757 to €2,701
- Financial charges +€10
up €10 (+8.3%), from €121 to €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 | €77,836 | €69,746 | -€8,090 | -10.4% |
| Fixed assets | 21/28 | €76,045 | €68,864 | -€7,181 | -9.4% |
| Tangible fixed assets | 22/27 | €75,369 | €68,188 | -€7,181 | -9.5% |
| Land and buildings | 22 | €24,280 | €24,280 | = | 0.0% |
| Plant, machinery and equipment | 23 | €47,871 | €43,908 | -€3,963 | -8.3% |
| Furniture and vehicles | 24 | €3,218 | - | -€3,218 | |
| Financial fixed assets | 28 | €676 | €676 | = | 0.0% |
| Current assets | 29/58 | €1,791 | €882 | -€909 | -50.8% |
| Cash at bank and in hand | 54/58 | €1,791 | €882 | -€909 | -50.8% |
| Total equity and liabilities | 10/49 | €77,836 | €69,746 | -€8,090 | -10.4% |
| Equity | 10/15 | -€194,483 | -€204,292 | -€9,809 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,824 | €5,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,592 | €2,592 | = | 0.0% |
| Other | 1319 | €2,592 | €2,592 | = | 0.0% |
| Distributable reserves | 133 | €3,232 | €3,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,907 | -€228,716 | -€9,809 | -4.5% |
| Amounts payable | 17/49 | €272,319 | €274,038 | +€1,719 | +0.6% |
| Amounts payable after more than one year | 17 | €272,319 | €274,038 | +€1,719 | +0.6% |
| Trade debts | 175 | €387 | - | -€387 | |
| Other amounts payable | 178/9 | €271,932 | €274,038 | +€2,106 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,658 | €7,181 | +€523 | +7.9% |
| Other operating charges | 640/8 | €2,757 | €2,701 | -€56 | -2.0% |
| Gross operating margin | 9900 | €850 | €203 | -€647 | -76.1% |
| Operating profit (loss) | 9901 | -€8,565 | -€9,679 | -€1,114 | -13.0% |
| Financial charges | 65/66B | €121 | €131 | +€10 | +8.3% |
| Recurring financial charges | 65 | €121 | €131 | +€10 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,686 | -€9,810 | -€1,124 | -12.9% |
| Profit (loss) for the period | 9904 | -€8,686 | -€9,810 | -€1,124 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,686 | -€9,810 | -€1,124 | -12.9% |
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.