DNV CONSEILS: 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.
DNV CONSEILS
Largest movements
- Receivables within one year +€330,188
up €330,188 (+107.2%), from €308,129 to €638,317
of which Trade receivables: +€326,636
- Intangible fixed assets -€125,772
down €125,772 (-17.3%), from €728,113 to €602,341
- Cash -€107,373
down €107,373 (-68.3%), from €157,318 to €49,945
mainly Contributions, distributions and other (-€335,774) and Receivables within one year (-€330,188)
- Tangible fixed assets +€74,397
up €74,397 (+116.4%), from €63,909 to €138,305
of which Furniture and vehicles: +€74,708
- Other debts +€335,104
up €335,104 (+440.5%), from €76,077 to €411,180
- Debts after one year -€160,809
down €160,809 (-24.4%), from €659,237 to €498,427
- Trade debts -€46,034
down €46,034 (-35.8%), from €128,609 to €82,576
- Short-term financial debts +€26,647
up €26,647 (+16.5%), from €161,450 to €188,097
- Current portion of long-term debt +€16,821
up €16,821 (+9.5%), from €176,433 to €193,255
- Gross operating margin +€434,734
up €434,734 (+81.5%), from €533,665 to €968,399
- Taxes +€47,883
up €47,883 (+559.1%), from €8,565 to €56,448
- Staff costs +€36,239
up €36,239 (+10.6%), from €343,259 to €379,498
- Depreciation +€20,832
up €20,832 (+14.7%), from €141,604 to €162,436
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 | €1,265,146 | €1,434,308 | +€169,161 | +13.4% |
| Fixed assets | 21/28 | €792,830 | €741,455 | -€51,375 | -6.5% |
| Intangible fixed assets | 21 | €728,113 | €602,341 | -€125,772 | -17.3% |
| Tangible fixed assets | 22/27 | €63,909 | €138,305 | +€74,397 | +116.4% |
| Plant, machinery and equipment | 23 | €622 | €311 | -€311 | -50.0% |
| Furniture and vehicles | 24 | €63,286 | €137,994 | +€74,708 | +118.0% |
| Financial fixed assets | 28 | €808 | €808 | = | 0.0% |
| Current assets | 29/58 | €472,316 | €692,853 | +€220,537 | +46.7% |
| Amounts receivable within one year | 40/41 | €308,129 | €638,317 | +€330,188 | +107.2% |
| Trade receivables | 40 | €267,390 | €594,026 | +€326,636 | +122.2% |
| Other amounts receivable | 41 | €40,738 | €44,291 | +€3,552 | +8.7% |
| Cash at bank and in hand | 54/58 | €157,318 | €49,945 | -€107,373 | -68.3% |
| Deferred charges and accrued income | 490/1 | €6,869 | €4,591 | -€2,278 | -33.2% |
| Total equity and liabilities | 10/49 | €1,265,146 | €1,434,308 | +€169,161 | +13.4% |
| Equity | 10/15 | €23,673 | €23,673 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,073 | €5,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,213 | €3,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,241,473 | €1,410,635 | +€169,161 | +13.6% |
| Amounts payable after more than one year | 17 | €659,237 | €498,427 | -€160,809 | -24.4% |
| Financial debts | 170/4 | €659,237 | €498,427 | -€160,809 | -24.4% |
| Amounts payable within one year | 42/48 | €582,111 | €912,207 | +€330,096 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €176,433 | €193,255 | +€16,821 | +9.5% |
| Financial debts | 43 | €161,450 | €188,097 | +€26,647 | +16.5% |
| Credit institutions | 430/8 | €161,450 | €188,097 | +€26,647 | +16.5% |
| Trade debts | 44 | €128,609 | €82,576 | -€46,034 | -35.8% |
| Suppliers | 440/4 | €128,609 | €82,576 | -€46,034 | -35.8% |
| Taxes, remuneration and social security | 45 | €39,542 | €37,100 | -€2,442 | -6.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €39,542 | €37,100 | -€2,442 | -6.2% |
| Other amounts payable | 47/48 | €76,077 | €411,180 | +€335,104 | +440.5% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Remuneration, social security and pensions | 62 | €343,259 | €379,498 | +€36,239 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,604 | €162,436 | +€20,832 | +14.7% |
| Other operating charges | 640/8 | €10,857 | €2,155 | -€8,702 | -80.2% |
| Gross operating margin | 9900 | €533,665 | €968,399 | +€434,734 | +81.5% |
| Operating profit (loss) | 9901 | €37,946 | €424,310 | +€386,364 | +1018.2% |
| Financial income | 75/76B | €963 | €0 | -€963 | -100.0% |
| Recurring financial income | 75 | €963 | €0 | -€963 | -100.0% |
| Financial charges | 65/66B | €27,132 | €32,089 | +€4,957 | +18.3% |
| Recurring financial charges | 65 | €27,132 | €32,089 | +€4,957 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €11,778 | €392,222 | +€380,444 | +3230.3% |
| Income taxes | 67/77 | €8,565 | €56,448 | +€47,883 | +559.1% |
| Profit (loss) for the period | 9904 | €3,213 | €335,774 | +€332,561 | +10350.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,213 | €335,774 | +€332,561 | +10350.6% |
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.