Discovery Holding: 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.
What changed
Discovery Holding
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €1.8m+€845,570
Equity
€15.5m
2024 · €12.4m+€3.1m
Cash
€355,722
2024 · €443,228-€87,505
Balance sheet total
€31.8m
2024 · €31.8m+€267
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€9.0m
down €9.0m (-68.0%), from €13.2m to €4.2m
- Current portion of long-term debt +€6.3m
up €6.3m (+230%), from €2.7m to €9.0m
- Profit (loss) carried forward +€2.7m
up €2.7m (+94.0%), from €2.8m to €5.5m
- Contributions +€456,800
up €456,800 (+4.8%), from €9.6m to €10.1m
- Other debts -€389,662
down €389,662 (-12.2%), from €3.2m to €2.8m
Income statement
- Financial charges -€477,554
down €477,554 (-39.3%), from €1.2m to €737,241
- Financial income +€302,734
up €302,734 (+12.6%), from €2.4m to €2.7m
- Turnover +€46,937
up €46,937 (+3.8%), from €1.2m to €1.3m
- Services and other goods -€20,829
down €20,829 (-3.5%), from €598,643 to €577,813
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
€1.8m
Turnover
+€46,937
Services and other goods
+€20,829
Other operating charges
-€569
Other operating items
-€1,915
Financial income
+€302,734
Financial charges
+€477,554
Result 2025
€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€2.2m
Investment
+€20,900
Financing
-€2.3m
Cash 2024
€443,228
From operations (derived)
+€2.2m
Net result for the year
+€2.7m
Receivables within one year
-€69,214
Deferred charges and accrued income
-€39,458
Trade debts
+€39,685
Smaller working-capital items
-€27,027
Other debts
-€389,662
Investment (derived)
+€20,900
Investment in fixed assets (net)
+€20,900
Financing
-€2.3m
Debts after one year
-€9.0m
Current portion of long-term debt
+€6.3m
Contributions, distributions and other
+€456,800
Cash 2025
€355,722
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,750,953 | €31,751,220 | +€267 | 0.0% |
| Fixed assets | 21/28 | €31,307,032 | €31,286,132 | -€20,900 | -0.1% |
| Financial fixed assets | 28 | €31,307,032 | €31,286,132 | -€20,900 | -0.1% |
| Affiliated companies | 280/1 | €31,307,032 | €31,286,132 | -€20,900 | -0.1% |
| Participating interests | 280 | €31,307,032 | €31,286,132 | -€20,900 | -0.1% |
| Current assets | 29/58 | €443,921 | €465,088 | +€21,167 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €69,214 | +€69,214 | |
| Trade receivables | 40 | - | €68,244 | +€68,244 | |
| Other amounts receivable | 41 | - | €970 | +€970 | |
| Cash at bank and in hand | 54/58 | €443,228 | €355,722 | -€87,505 | -19.7% |
| Deferred charges and accrued income | 490/1 | €694 | €40,152 | +€39,458 | +5,689% |
| Total equity and liabilities | 10/49 | €31,750,953 | €31,751,220 | +€267 | 0.0% |
| Equity | 10/15 | €12,423,458 | €15,532,033 | +€3.1m | +25.0% |
| Contributions | 10/11 | €9,603,400 | €10,060,200 | +€456,800 | +4.8% |
| Profit (loss) carried forward | 14 | €2,820,058 | €5,471,833 | +€2.7m | +94.0% |
| Amounts payable | 17/49 | €19,327,495 | €16,219,188 | -€3.1m | -16.1% |
| Amounts payable after more than one year | 17 | €13,240,562 | €4,230,881 | -€9.0m | -68.0% |
| Financial debts | 170/4 | €13,240,562 | €4,230,881 | -€9.0m | -68.0% |
| Subordinated loans | 170 | €2,684,550 | €2,684,550 | = | 0.0% |
| Credit institutions | 173 | €10,556,012 | €1,546,331 | -€9.0m | -85.4% |
| Amounts payable within one year | 42/48 | €5,996,744 | €11,915,160 | +€5.9m | +98.7% |
| Current portion of amounts payable after more than one year | 42 | €2,731,303 | €9,009,680 | +€6.3m | +230% |
| Trade debts | 44 | €63,002 | €102,687 | +€39,685 | +63.0% |
| Suppliers | 440/4 | €63,002 | €102,687 | +€39,685 | +63.0% |
| Taxes, remuneration and social security | 45 | €9,984 | - | -€9,984 | |
| Taxes | 450/3 | €9,984 | - | -€9,984 | |
| Other amounts payable | 47/48 | €3,192,455 | €2,802,793 | -€389,662 | -12.2% |
| Accrued charges and deferred income | 492/3 | €90,189 | €73,146 | -€17,043 | -18.9% |
| Operating income | 70/76A | €1,219,190 | €1,266,127 | +€46,937 | +3.8% |
| Turnover | 70 | €1,219,190 | €1,266,127 | +€46,937 | +3.8% |
| Operating charges | 60/66A | €599,048 | €580,702 | -€18,346 | -3.1% |
| Services and other goods | 61 | €598,643 | €577,813 | -€20,829 | -3.5% |
| Other operating charges | 640/8 | €405 | €974 | +€569 | +140% |
| Non-recurring operating charges | 66A | - | €1,915 | +€1,915 | |
| Operating profit (loss) | 9901 | €620,142 | €685,425 | +€65,283 | +10.5% |
| Financial income | 75/76B | €2,400,857 | €2,703,590 | +€302,734 | +12.6% |
| Recurring financial income | 75 | €2,400,857 | €2,703,590 | +€302,734 | +12.6% |
| Income from financial fixed assets | 750 | €2,400,000 | €2,700,000 | +€300,000 | +12.5% |
| Other financial income | 752/9 | €857 | €3,590 | +€2,734 | +319% |
| Financial charges | 65/66B | €1,214,795 | €737,241 | -€477,554 | -39.3% |
| Recurring financial charges | 65 | €1,214,795 | €737,241 | -€477,554 | -39.3% |
| Debt charges | 650 | €1,206,951 | €733,896 | -€473,055 | -39.2% |
| Other financial charges | 652/9 | €7,844 | €3,345 | -€4,499 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €1,806,204 | €2,651,774 | +€845,570 | +46.8% |
| Profit (loss) for the period | 9904 | €1,806,204 | €2,651,774 | +€845,570 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,806,204 | €2,651,774 | +€845,570 | +46.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.