DL CONSULT: 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.
DL CONSULT
Largest movements
- Receivables within one year +€33,903
up €33,903 (+50.1%), from €67,630 to €101,533
of which Other amounts receivable: +€18,081
- Current investments -€26,824
down €26,824 (-99.0%), from €27,086 to €261
- Tangible fixed assets -€15,091
down €15,091 (-12.9%), from €116,931 to €101,840
- Cash +€8,095
up €8,095 (+6.5%), from €123,817 to €131,913
mainly Other debts (+€64,588) and Net result for the year (+€47,721)
- Deferred charges and accrued income +€4,245
up €4,245 (+105.4%), from €4,029 to €8,274
- Profit (loss) carried forward -€73,160
down €73,160 (-57.8%), from €126,482 to €53,322
- Other debts +€64,588
new in 2025: €64,588
- Reserves +€47,721
up €47,721 (+83.3%), from €57,313 to €105,034
of which Distributable reserves: +€47,721
- Debts after one year -€21,962
down €21,962 (-55.8%), from €39,356 to €17,395
- Trade debts -€8,335
down €8,335 (-43.1%), from €19,336 to €11,002
- Staff costs -€87,442
down €87,442 (-37.6%), from €232,855 to €145,414
- Taxes +€30,767
up €30,767 (+821.2%), from €3,747 to €34,514
- Financial charges +€14,364
up €14,364 (+124.0%), from €11,582 to €25,946
of which Financial charges: +€16,547
- Financial income +€10,449
up €10,449 (+9958.2%), from €105 to €10,554
of which Non-recurring financial income: +€10,402
- Depreciation -€7,624
down €7,624 (-33.6%), from €22,715 to €15,091
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 | €340,743 | €345,070 | +€4,327 | +1.3% |
| Fixed assets | 21/28 | €118,181 | €103,090 | -€15,091 | -12.8% |
| Tangible fixed assets | 22/27 | €116,931 | €101,840 | -€15,091 | -12.9% |
| Land and buildings | 22 | €99,909 | €95,167 | -€4,742 | -4.7% |
| Plant, machinery and equipment | 23 | €2,619 | €1,552 | -€1,067 | -40.7% |
| Furniture and vehicles | 24 | €4,391 | - | -€4,391 | |
| Leasing and similar rights | 25 | €10,012 | €5,120 | -€4,892 | -48.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €222,562 | €241,981 | +€19,419 | +8.7% |
| Amounts receivable within one year | 40/41 | €67,630 | €101,533 | +€33,903 | +50.1% |
| Trade receivables | 40 | €29,584 | €45,406 | +€15,823 | +53.5% |
| Other amounts receivable | 41 | €38,046 | €56,127 | +€18,081 | +47.5% |
| Current investments | 50/53 | €27,086 | €261 | -€26,824 | -99.0% |
| Cash at bank and in hand | 54/58 | €123,817 | €131,913 | +€8,095 | +6.5% |
| Deferred charges and accrued income | 490/1 | €4,029 | €8,274 | +€4,245 | +105.4% |
| Total equity and liabilities | 10/49 | €340,743 | €345,070 | +€4,327 | +1.3% |
| Equity | 10/15 | €203,795 | €178,357 | -€25,438 | -12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,313 | €105,034 | +€47,721 | +83.3% |
| Non-distributable reserves | 130/1 | €7,313 | €7,313 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,313 | €7,313 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €97,721 | +€47,721 | +95.4% |
| Profit (loss) carried forward | 14 | €126,482 | €53,322 | -€73,160 | -57.8% |
| Amounts payable | 17/49 | €136,948 | €166,714 | +€29,766 | +21.7% |
| Amounts payable after more than one year | 17 | €39,356 | €17,395 | -€21,962 | -55.8% |
| Financial debts | 170/4 | €39,356 | €17,395 | -€21,962 | -55.8% |
| Amounts payable within one year | 42/48 | €97,522 | €149,319 | +€51,797 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €23,567 | €21,962 | -€1,606 | -6.8% |
| Trade debts | 44 | €19,336 | €11,002 | -€8,335 | -43.1% |
| Suppliers | 440/4 | €19,336 | €11,002 | -€8,335 | -43.1% |
| Taxes, remuneration and social security | 45 | €54,618 | €51,768 | -€2,850 | -5.2% |
| Taxes | 450/3 | €21,415 | €31,563 | +€10,148 | +47.4% |
| Remuneration and social security | 454/9 | €33,203 | €20,205 | -€12,998 | -39.1% |
| Other amounts payable | 47/48 | - | €64,588 | +€64,588 | |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Remuneration, social security and pensions | 62 | €232,855 | €145,414 | -€87,442 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,715 | €15,091 | -€7,624 | -33.6% |
| Other operating charges | 640/8 | €12,353 | €5,250 | -€7,103 | -57.5% |
| Gross operating margin | 9900 | €264,361 | €263,383 | -€978 | -0.4% |
| Operating profit (loss) | 9901 | -€3,563 | €97,628 | +€101,191 | |
| Financial income | 75/76B | €105 | €10,554 | +€10,449 | +9958.2% |
| Recurring financial income | 75 | €5 | €52 | +€47 | +860.3% |
| Non-recurring financial income | 76B | €99 | €10,502 | +€10,402 | +10457.5% |
| Financial charges | 65/66B | €11,582 | €25,946 | +€14,364 | +124.0% |
| Recurring financial charges | 65 | €4,485 | €21,033 | +€16,547 | +368.9% |
| Non-recurring financial charges | 66B | €7,097 | €4,914 | -€2,183 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,040 | €82,236 | +€97,275 | |
| Income taxes | 67/77 | €3,747 | €34,514 | +€30,767 | +821.2% |
| Profit (loss) for the period | 9904 | -€18,786 | €47,721 | +€66,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,786 | €47,721 | +€66,508 |
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 7 October 2026 via checked.be.