DL@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.
DL@Consulting
Largest movements
- Financial fixed assets -€210,000
down €210,000 (-37.5%), from €560,363 to €350,363
- Receivables after one year +€133,333
new in 2025: €133,333
- Tangible fixed assets +€71,322
up €71,322 (+12.0%), from €596,070 to €667,392
of which Land and buildings: +€69,564
- Receivables within one year -€42,802
down €42,802 (-30.8%), from €138,933 to €96,131
of which Trade receivables: -€112,600
- Deferred charges and accrued income +€14,174
new in 2025: €14,174
- Debts after one year +€191,567
up €191,567 (+48.1%), from €398,447 to €590,014
- Other debts -€184,144
down €184,144 (-87.6%), from €210,237 to €26,093
- Trade debts -€102,950
down €102,950 (-91.5%), from €112,502 to €9,552
of which Suppliers: -€103,209
- Reserves +€54,000
up €54,000 (+145%), from €37,272 to €91,272
of which Distributable reserves: +€54,000
- Current portion of long-term debt +€36,084
up €36,084 (+51.0%), from €70,814 to €106,898
- Financial income +€80,987
up €80,987 (+8,098,700%), from €1 to €80,988
of which Non-recurring financial income: +€80,988
- Gross operating margin -€56,265
down €56,265 (-30.4%), from €185,162 to €128,897
- Staff costs -€26,012
down €26,012 (-37.1%), from €70,086 to €44,074
- Financial charges +€11,728
up €11,728 (+378%), from €3,105 to €14,833
- Other operating charges -€10,798
down €10,798 (-30.9%), from €34,959 to €24,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,300,519 | €1,278,172 | -€22,347 | -1.7% |
| Fixed assets | 21/28 | €1,156,433 | €1,017,755 | -€138,678 | -12.0% |
| Tangible fixed assets | 22/27 | €596,070 | €667,392 | +€71,322 | +12.0% |
| Land and buildings | 22 | €427,642 | €497,206 | +€69,564 | +16.3% |
| Plant, machinery and equipment | 23 | €113,469 | €96,626 | -€16,843 | -14.8% |
| Furniture and vehicles | 24 | €54,959 | €73,560 | +€18,601 | +33.8% |
| Financial fixed assets | 28 | €560,363 | €350,363 | -€210,000 | -37.5% |
| Current assets | 29/58 | €144,086 | €260,417 | +€116,331 | +80.7% |
| Amounts receivable after more than one year | 29 | - | €133,333 | +€133,333 | |
| Trade receivables | 290 | - | €133,333 | +€133,333 | |
| Stocks and contracts in progress | 3 | €3,500 | €4,951 | +€1,451 | +41.5% |
| Stocks | 30/36 | €3,500 | €4,951 | +€1,451 | +41.5% |
| Amounts receivable within one year | 40/41 | €138,933 | €96,131 | -€42,802 | -30.8% |
| Trade receivables | 40 | €112,600 | - | -€112,600 | |
| Other amounts receivable | 41 | €26,333 | €96,131 | +€69,798 | +265% |
| Cash at bank and in hand | 54/58 | €1,653 | €11,828 | +€10,175 | +616% |
| Deferred charges and accrued income | 490/1 | - | €14,174 | +€14,174 | |
| Total equity and liabilities | 10/49 | €1,300,519 | €1,278,172 | -€22,347 | -1.7% |
| Equity | 10/15 | €473,356 | €527,839 | +€54,483 | +11.5% |
| Contributions | 10/11 | €298,600 | €298,600 | = | 0.0% |
| Reserves | 13 | €37,272 | €91,272 | +€54,000 | +145% |
| Tax-exempt reserves | 132 | €7,412 | €7,412 | = | 0.0% |
| Distributable reserves | 133 | €29,860 | €83,860 | +€54,000 | +181% |
| Profit (loss) carried forward | 14 | €91,832 | €92,315 | +€483 | +0.5% |
| Investment grants | 15 | €45,652 | €45,652 | = | 0.0% |
| Amounts payable | 17/49 | €827,163 | €750,333 | -€76,830 | -9.3% |
| Amounts payable after more than one year | 17 | €398,447 | €590,014 | +€191,567 | +48.1% |
| Financial debts | 170/4 | €398,447 | €590,014 | +€191,567 | +48.1% |
| Amounts payable within one year | 42/48 | €414,772 | €158,123 | -€256,649 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €70,814 | €106,898 | +€36,084 | +51.0% |
| Trade debts | 44 | €112,502 | €9,552 | -€102,950 | -91.5% |
| Suppliers | 440/4 | €103,209 | - | -€103,209 | |
| Bills of exchange payable | 441 | €9,293 | €9,552 | +€259 | +2.8% |
| Taxes, remuneration and social security | 45 | €21,219 | €15,580 | -€5,639 | -26.6% |
| Taxes | 450/3 | €11,541 | €15,580 | +€4,039 | +35.0% |
| Remuneration and social security | 454/9 | €9,678 | - | -€9,678 | |
| Other amounts payable | 47/48 | €210,237 | €26,093 | -€184,144 | -87.6% |
| Accrued charges and deferred income | 492/3 | €13,944 | €2,196 | -€11,748 | -84.3% |
| Remuneration, social security and pensions | 62 | €70,086 | €44,074 | -€26,012 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,555 | €66,512 | +€9,957 | +17.6% |
| Other operating charges | 640/8 | €34,959 | €24,161 | -€10,798 | -30.9% |
| Gross operating margin | 9900 | €185,162 | €128,897 | -€56,265 | -30.4% |
| Operating profit (loss) | 9901 | €23,562 | -€5,850 | -€29,412 | |
| Financial income | 75/76B | €1 | €80,988 | +€80,987 | +8,098,700% |
| Recurring financial income | 75 | €1 | €80,988 | +€80,987 | +8,098,700% |
| Non-recurring financial income | 76B | - | €80,988 | +€80,988 | |
| Financial charges | 65/66B | €3,105 | €14,833 | +€11,728 | +378% |
| Recurring financial charges | 65 | €3,105 | €14,833 | +€11,728 | +378% |
| Profit (loss) for the period before taxes | 9903 | €20,458 | €60,305 | +€39,847 | +195% |
| Income taxes | 67/77 | €13,333 | €5,822 | -€7,511 | -56.3% |
| Profit (loss) for the period | 9904 | €7,125 | €54,483 | +€47,358 | +665% |
| Profit (loss) for the period to be appropriated | 9905 | €7,125 | €54,483 | +€47,358 | +665% |
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 19 October 2026 via checked.be.