DM CONSULT: 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
DM CONSULT
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1.7m
2023 · €347,903+€1.4m
Equity
€4.6m
2023 · €2.9m+€1.7m
Cash
€98,141
2023 · €71,649+€26,492
Balance sheet total
€8.8m
2023 · €9.1m-€319,027
Largest movements
Assets
- Tangible fixed assets -€206,510
down €206,510 (-4.4%), from €4.7m to €4.5m
of which Land and buildings: -€189,878
- Stocks and contracts -€165,718
down €165,718 (-5.3%), from €3.1m to €3.0m
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-87.2%), from €2.1m to €272,847
- Reserves +€1.7m
up €1.7m (+64.8%), from €2.6m to €4.4m
of which Distributable reserves: +€1.7m
- Debts after one year -€199,345
down €199,345 (-26.1%), from €763,895 to €564,550
- Tax, wage and social debts +€110,127
up €110,127 (+164%), from €67,184 to €177,311
of which Taxes: +€110,356
Income statement
- Financial income +€1.7m
new in 2024: €1.7m
- Gross operating margin -€307,921
down €307,921 (-25.9%), from €1.2m to €878,810
- Other operating charges -€148,085
down €148,085 (-87.8%), from €168,722 to €20,637
- Financial charges +€81,318
up €81,318 (+73.9%), from €110,023 to €191,341
- Taxes +€76,333
up €76,333 (+46.6%), from €163,871 to €240,203
From the 2023 result to the 2024 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 2023
€347,903
Gross operating margin
-€307,921
Staff costs
-€1,998
Depreciation
+€12,251
Other operating charges
+€148,085
Financial income
+€1.7m
Financial charges
-€81,318
Taxes
-€76,333
Result 2024
€1.7m
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€431,340
Investment
-€121,000
Financing
-€283,848
Cash 2023
€71,649
From operations (derived)
+€431,340
Net result for the year
+€1.7m
Depreciation
+€327,510
Stocks and contracts
+€165,718
Receivables within one year
-€25,296
Deferred charges and accrued income
-€1,414
Trade debts
-€5,453
Tax, wage and social debts
+€110,127
Other debts
-€1.9m
Investment (derived)
-€121,000
Investment in fixed assets (net)
-€121,000
Financing
-€283,848
Debts after one year
-€199,345
Current portion of long-term debt
-€29,078
Short-term financial debts
-€55,425
Cash 2024
€98,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,125,539 | €8,806,512 | -€319,027 | -3.5% |
| Fixed assets | 21/28 | €5,360,093 | €5,153,583 | -€206,510 | -3.9% |
| Tangible fixed assets | 22/27 | €4,724,328 | €4,517,819 | -€206,510 | -4.4% |
| Land and buildings | 22 | €4,615,911 | €4,426,033 | -€189,878 | -4.1% |
| Furniture and vehicles | 24 | €108,417 | €91,785 | -€16,632 | -15.3% |
| Financial fixed assets | 28 | €635,764 | €635,764 | = | 0.0% |
| Current assets | 29/58 | €3,765,447 | €3,652,929 | -€112,517 | -3.0% |
| Stocks and contracts in progress | 3 | €3,139,501 | €2,973,783 | -€165,718 | -5.3% |
| Stocks | 30/36 | €3,139,501 | €2,973,783 | -€165,718 | -5.3% |
| Amounts receivable within one year | 40/41 | €554,296 | €579,592 | +€25,296 | +4.6% |
| Trade receivables | 40 | €58,283 | €1,848 | -€56,435 | -96.8% |
| Other amounts receivable | 41 | €496,013 | €577,744 | +€81,731 | +16.5% |
| Cash at bank and in hand | 54/58 | €71,649 | €98,141 | +€26,492 | +37.0% |
| Deferred charges and accrued income | 490/1 | - | €1,414 | +€1,414 | |
| Total equity and liabilities | 10/49 | €9,125,539 | €8,806,512 | -€319,027 | -3.5% |
| Equity | 10/15 | €2,860,332 | €4,571,089 | +€1.7m | +59.8% |
| Contributions | 10/11 | €218,750 | €218,750 | = | 0.0% |
| Capital | 10 | €218,750 | €218,750 | = | 0.0% |
| Issued capital | 100 | €218,750 | €218,750 | = | 0.0% |
| Reserves | 13 | €2,641,582 | €4,352,339 | +€1.7m | +64.8% |
| Non-distributable reserves | 130/1 | €21,875 | €21,875 | = | 0.0% |
| Legal reserve | 130 | €21,875 | €21,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,423 | €185,146 | -€11,277 | -5.7% |
| Distributable reserves | 133 | €2,423,283 | €4,145,318 | +€1.7m | +71.1% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,260,208 | €4,230,424 | -€2.0m | -32.4% |
| Amounts payable after more than one year | 17 | €763,895 | €564,550 | -€199,345 | -26.1% |
| Financial debts | 170/4 | €763,895 | €564,550 | -€199,345 | -26.1% |
| Amounts payable within one year | 42/48 | €5,379,765 | €3,549,326 | -€1.8m | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €180,000 | €150,922 | -€29,078 | -16.2% |
| Financial debts | 43 | €2,818,309 | €2,762,883 | -€55,425 | -2.0% |
| Credit institutions | 430/8 | €2,818,309 | €2,762,883 | -€55,425 | -2.0% |
| Trade debts | 44 | €190,815 | €185,362 | -€5,453 | -2.9% |
| Suppliers | 440/4 | €190,815 | €185,362 | -€5,453 | -2.9% |
| Taxes, remuneration and social security | 45 | €67,184 | €177,311 | +€110,127 | +164% |
| Taxes | 450/3 | €56,767 | €167,122 | +€110,356 | +194% |
| Remuneration and social security | 454/9 | €10,417 | €10,189 | -€229 | -2.2% |
| Other amounts payable | 47/48 | €2,123,457 | €272,847 | -€1.9m | -87.2% |
| Accrued charges and deferred income | 492/3 | €116,548 | €116,548 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,451 | €58,449 | +€1,998 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,761 | €327,510 | -€12,251 | -3.6% |
| Other operating charges | 640/8 | €168,722 | €20,637 | -€148,085 | -87.8% |
| Gross operating margin | 9900 | €1,186,731 | €878,810 | -€307,921 | -25.9% |
| Operating profit (loss) | 9901 | €621,797 | €472,214 | -€149,583 | -24.1% |
| Financial income | 75/76B | - | €1,670,088 | +€1.7m | |
| Recurring financial income | 75 | - | €1,670,088 | +€1.7m | |
| Financial charges | 65/66B | €110,023 | €191,341 | +€81,318 | +73.9% |
| Recurring financial charges | 65 | €110,023 | €191,341 | +€81,318 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €511,774 | €1,950,960 | +€1.4m | +281% |
| Income taxes | 67/77 | €163,871 | €240,203 | +€76,333 | +46.6% |
| Profit (loss) for the period | 9904 | €347,903 | €1,710,757 | +€1.4m | +392% |
| Transfer from tax-exempt reserves | 789 | €11,277 | €11,277 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €359,181 | €1,722,034 | +€1.4m | +379% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.