DMF-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.
DMF-Consult
Largest movements
- Current investments +€297,004
new in 2025: €297,004
- Deferred charges and accrued income +€151,600
new in 2025: €151,600
- Cash -€104,495
down €104,495 (-35.7%), from €292,920 to €188,425
mainly Current investments (-€297,004) and Deferred charges and accrued income (-€151,600)
- Receivables within one year -€93,730
down €93,730 (-66.4%), from €141,118 to €47,388
of which Other amounts receivable: -€89,062
- Financial fixed assets +€12,600
new in 2025: €12,600
- Reserves +€295,156
up €295,156 (+89.5%), from €329,812 to €624,967
- Other debts -€49,101
down €49,101 (-87.1%), from €56,371 to €7,270
- Gross operating margin -€98,626
down €98,626 (-19.7%), from €500,527 to €401,901
- Taxes -€52,406
down €52,406 (-35.4%), from €147,841 to €95,434
- Depreciation -€5,785
down €5,785 (-32.2%), from €17,961 to €12,176
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 | €455,346 | €706,149 | +€250,804 | +55.1% |
| Fixed assets | 21/28 | €21,309 | €21,732 | +€424 | +2.0% |
| Tangible fixed assets | 22/27 | €21,309 | €9,132 | -€12,176 | -57.1% |
| Furniture and vehicles | 24 | €21,309 | €9,132 | -€12,176 | -57.1% |
| Financial fixed assets | 28 | - | €12,600 | +€12,600 | |
| Current assets | 29/58 | €434,037 | €684,417 | +€250,380 | +57.7% |
| Amounts receivable within one year | 40/41 | €141,118 | €47,388 | -€93,730 | -66.4% |
| Trade receivables | 40 | €41,118 | €36,450 | -€4,668 | -11.4% |
| Other amounts receivable | 41 | €100,000 | €10,938 | -€89,062 | -89.1% |
| Current investments | 50/53 | - | €297,004 | +€297,004 | |
| Cash at bank and in hand | 54/58 | €292,920 | €188,425 | -€104,495 | -35.7% |
| Deferred charges and accrued income | 490/1 | - | €151,600 | +€151,600 | |
| Total equity and liabilities | 10/49 | €455,346 | €706,149 | +€250,804 | +55.1% |
| Equity | 10/15 | €329,812 | €624,967 | +€295,156 | +89.5% |
| Reserves | 13 | €329,812 | €624,967 | +€295,156 | +89.5% |
| Distributable reserves | 133 | €329,812 | €624,967 | +€295,156 | +89.5% |
| Provisions and deferred taxes | 16 | €3,300 | €0 | -€3,300 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €3,300 | €0 | -€3,300 | -100.0% |
| Other liabilities and charges | 164/5 | €3,300 | €0 | -€3,300 | -100.0% |
| Amounts payable | 17/49 | €122,234 | €81,182 | -€41,052 | -33.6% |
| Amounts payable within one year | 42/48 | €122,234 | €81,182 | -€41,052 | -33.6% |
| Trade debts | 44 | €32 | €1,241 | +€1,209 | +3760.6% |
| Suppliers | 440/4 | €32 | €1,241 | +€1,209 | +3760.6% |
| Taxes, remuneration and social security | 45 | €65,831 | €72,671 | +€6,840 | +10.4% |
| Taxes | 450/3 | €65,831 | €72,671 | +€6,840 | +10.4% |
| Other amounts payable | 47/48 | €56,371 | €7,270 | -€49,101 | -87.1% |
| Non-recurring operating income | 76A | - | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,961 | €12,176 | -€5,785 | -32.2% |
| Other operating charges | 640/8 | €1,595 | €3,360 | +€1,764 | +110.6% |
| Non-recurring operating charges | 66A | €3,300 | €0 | -€3,300 | -100.0% |
| Gross operating margin | 9900 | €500,527 | €401,901 | -€98,626 | -19.7% |
| Operating profit (loss) | 9901 | €477,670 | €386,365 | -€91,305 | -19.1% |
| Financial income | 75/76B | - | €4,396 | +€4,396 | |
| Recurring financial income | 75 | - | €4,396 | +€4,396 | |
| Financial charges | 65/66B | €18 | €171 | +€153 | +855.2% |
| Recurring financial charges | 65 | €18 | €171 | +€153 | +855.2% |
| Profit (loss) for the period before taxes | 9903 | €477,652 | €390,590 | -€87,062 | -18.2% |
| Income taxes | 67/77 | €147,841 | €95,434 | -€52,406 | -35.4% |
| Profit (loss) for the period | 9904 | €329,812 | €295,156 | -€34,656 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €329,812 | €295,156 | -€34,656 | -10.5% |
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 4 October 2026 via checked.be.