DISFINANCE: 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
DISFINANCE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€401,357
2024 · €230,791+€170,567
Equity
€1.3m
2024 · €1.0m+€253,170
Cash
€98,418
2024 · €49,499+€48,919
Balance sheet total
€2.7m
2024 · €2.8m-€73,885
Largest movements
Assets
- Receivables within one year -€85,401
down €85,401 (-91.6%), from €93,185 to €7,784
of which Other amounts receivable: -€85,024
- Cash +€48,919
up €48,919 (+98.8%), from €49,499 to €98,418
mainly Net result for the year (+€401,357) and Depreciation (+€94,805)
Equity and liabilities
- Reserves +€253,170
up €253,170 (+26.8%), from €946,139 to €1.2m
- Other debts -€249,507
down €249,507 (-96.4%), from €258,745 to €9,238
- Debts after one year -€80,062
down €80,062 (-20.0%), from €400,035 to €319,974
Income statement
- Financial income +€168,458
up €168,458 (+66.0%), from €255,138 to €423,596
- Gross operating margin +€49,351
up €49,351 (+23.0%), from €214,711 to €264,063
- Taxes +€28,062
up €28,062 (+40.1%), from €70,008 to €98,070
- Financial charges -€12,471
down €12,471 (-19.6%), from €63,748 to €51,277
- Depreciation +€3,153
up €3,153 (+3.4%), from €91,652 to €94,805
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
€230,791
Gross operating margin
+€49,351
Depreciation
-€3,153
Other operating charges
-€1,825
Other operating items
-€26,675
Financial income
+€168,458
Financial charges
+€12,471
Taxes
-€28,062
Result 2025
€401,357
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
+€349,115
Investment
-€73,102
Financing
-€227,094
Cash 2024
€49,499
From operations (derived)
+€349,115
Net result for the year
+€401,357
Depreciation
+€94,805
Receivables after one year
+€14,704
Receivables within one year
+€85,401
Deferred charges and accrued income
+€996
Trade debts
-€1,086
Tax, wage and social debts
-€1,399
Other debts
-€249,507
Accrued charges and deferred income
+€3,844
Investment (derived)
-€73,102
Investment in fixed assets (net)
-€73,562
Current investments
+€460
Financing
-€227,094
Debts after one year
-€80,062
Current portion of long-term debt
+€1,155
Contributions, distributions and other
-€148,187
Cash 2025
€98,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,766,475 | €2,692,590 | -€73,885 | -2.7% |
| Fixed assets | 21/28 | €2,606,875 | €2,585,633 | -€21,242 | -0.8% |
| Tangible fixed assets | 22/27 | €2,155,875 | €2,134,633 | -€21,242 | -1.0% |
| Land and buildings | 22 | €2,064,217 | €2,063,115 | -€1,103 | -0.1% |
| Plant, machinery and equipment | 23 | €2,097 | €1,326 | -€771 | -36.8% |
| Other tangible fixed assets | 26 | €89,561 | €70,191 | -€19,369 | -21.6% |
| Financial fixed assets | 28 | €451,000 | €451,000 | = | 0.0% |
| Current assets | 29/58 | €159,600 | €106,957 | -€52,643 | -33.0% |
| Amounts receivable after more than one year | 29 | €14,704 | €0 | -€14,704 | -100% |
| Other amounts receivable | 291 | €14,704 | €0 | -€14,704 | -100% |
| Amounts receivable within one year | 40/41 | €93,185 | €7,784 | -€85,401 | -91.6% |
| Trade receivables | 40 | €377 | €0 | -€377 | -100% |
| Other amounts receivable | 41 | €92,808 | €7,784 | -€85,024 | -91.6% |
| Current investments | 50/53 | €460 | €0 | -€460 | -100% |
| Cash at bank and in hand | 54/58 | €49,499 | €98,418 | +€48,919 | +98.8% |
| Deferred charges and accrued income | 490/1 | €1,752 | €755 | -€996 | -56.9% |
| Total equity and liabilities | 10/49 | €2,766,475 | €2,692,590 | -€73,885 | -2.7% |
| Equity | 10/15 | €1,021,243 | €1,274,413 | +€253,170 | +24.8% |
| Contributions | 10/11 | €75,104 | €75,104 | = | 0.0% |
| Reserves | 13 | €946,139 | €1,199,309 | +€253,170 | +26.8% |
| Distributable reserves | 133 | €946,139 | €1,199,309 | +€253,170 | +26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €26,500 | €26,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,500 | €26,500 | = | 0.0% |
| Environmental obligations | 163 | €26,500 | €26,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,718,732 | €1,391,676 | -€327,056 | -19.0% |
| Amounts payable after more than one year | 17 | €400,035 | €319,974 | -€80,062 | -20.0% |
| Financial debts | 170/4 | €400,035 | €319,974 | -€80,062 | -20.0% |
| Amounts payable within one year | 42/48 | €1,315,197 | €1,064,359 | -€250,838 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €78,907 | €80,062 | +€1,155 | +1.5% |
| Financial debts | 43 | €870,000 | €870,000 | = | 0.0% |
| Credit institutions | 430/8 | €870,000 | €870,000 | = | 0.0% |
| Trade debts | 44 | €13,137 | €12,051 | -€1,086 | -8.3% |
| Suppliers | 440/4 | €13,137 | €12,051 | -€1,086 | -8.3% |
| Taxes, remuneration and social security | 45 | €94,408 | €93,008 | -€1,399 | -1.5% |
| Taxes | 450/3 | €94,408 | €93,008 | -€1,399 | -1.5% |
| Other amounts payable | 47/48 | €258,745 | €9,238 | -€249,507 | -96.4% |
| Accrued charges and deferred income | 492/3 | €3,500 | €7,344 | +€3,844 | +110% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,652 | €94,805 | +€3,153 | +3.4% |
| Other operating charges | 640/8 | €13,650 | €15,475 | +€1,825 | +13.4% |
| Non-recurring operating charges | 66A | - | €26,675 | +€26,675 | |
| Gross operating margin | 9900 | €214,711 | €264,063 | +€49,351 | +23.0% |
| Operating profit (loss) | 9901 | €109,410 | €127,108 | +€17,699 | +16.2% |
| Financial income | 75/76B | €255,138 | €423,596 | +€168,458 | +66.0% |
| Recurring financial income | 75 | €255,138 | €423,596 | +€168,458 | +66.0% |
| Financial charges | 65/66B | €63,748 | €51,277 | -€12,471 | -19.6% |
| Recurring financial charges | 65 | €63,748 | €51,277 | -€12,471 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €300,799 | €499,427 | +€198,628 | +66.0% |
| Income taxes | 67/77 | €70,008 | €98,070 | +€28,062 | +40.1% |
| Profit (loss) for the period | 9904 | €230,791 | €401,357 | +€170,567 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €230,791 | €401,357 | +€170,567 | +73.9% |
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 24 October 2026 via checked.be.