DOLPHIN CONSULTANTS: 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.
DOLPHIN CONSULTANTS
Largest movements
- Cash +€8,592
up €8,592 (+30.7%), from €28,008 to €36,599
mainly Net result for the year (+€7,666) and Depreciation (+€4,529)
- Tangible fixed assets -€2,531
down €2,531 (-27.3%), from €9,280 to €6,749
of which Other tangible fixed assets: -€2,315
- Current investments +€2,427
new in 2025: €2,427
- Reserves +€7,666
new in 2025: €7,666
- Trade debts -€2,702
down €2,702 (-35.8%), from €7,548 to €4,846
- Other debts +€1,887
up €1,887 (+6.0%), from €31,600 to €33,487
- Tax, wage and social debts +€1,229
up €1,229 (+163%), from €754 to €1,982
- Gross operating margin +€8,411
up €8,411 (+116%), from €7,267 to €15,678
- Taxes +€778
up €778 (+557%), from €140 to €917
- Depreciation -€305
down €305 (-6.3%), from €4,834 to €4,529
- Financial charges +€217
up €217 (+26.7%), from €813 to €1,030
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 | €65,707 | €73,787 | +€8,080 | +12.3% |
| Fixed assets | 21/28 | €9,405 | €6,874 | -€2,531 | -26.9% |
| Tangible fixed assets | 22/27 | €9,280 | €6,749 | -€2,531 | -27.3% |
| Furniture and vehicles | 24 | €4,780 | €4,564 | -€215 | -4.5% |
| Other tangible fixed assets | 26 | €4,500 | €2,185 | -€2,315 | -51.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €56,302 | €66,913 | +€10,611 | +18.8% |
| Amounts receivable within one year | 40/41 | €27,088 | €26,681 | -€408 | -1.5% |
| Trade receivables | 40 | €27,088 | €26,681 | -€408 | -1.5% |
| Current investments | 50/53 | - | €2,427 | +€2,427 | |
| Cash at bank and in hand | 54/58 | €28,008 | €36,599 | +€8,592 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,206 | €1,206 | = | 0.0% |
| Total equity and liabilities | 10/49 | €65,707 | €73,787 | +€8,080 | +12.3% |
| Equity | 10/15 | €25,806 | €33,472 | +€7,666 | +29.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | - | €7,666 | +€7,666 | |
| Distributable reserves | 133 | - | €7,666 | +€7,666 | |
| Profit (loss) carried forward | 14 | €5,346 | €5,346 | = | 0.0% |
| Amounts payable | 17/49 | €39,901 | €40,315 | +€415 | +1.0% |
| Amounts payable within one year | 42/48 | €39,901 | €40,315 | +€415 | +1.0% |
| Trade debts | 44 | €7,548 | €4,846 | -€2,702 | -35.8% |
| Suppliers | 440/4 | €7,548 | €4,846 | -€2,702 | -35.8% |
| Taxes, remuneration and social security | 45 | €754 | €1,982 | +€1,229 | +163% |
| Taxes | 450/3 | €754 | €1,982 | +€1,229 | +163% |
| Other amounts payable | 47/48 | €31,600 | €33,487 | +€1,887 | +6.0% |
| Non-recurring operating income | 76A | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,834 | €4,529 | -€305 | -6.3% |
| Other operating charges | 640/8 | €1,438 | €1,538 | +€100 | +7.0% |
| Gross operating margin | 9900 | €7,267 | €15,678 | +€8,411 | +116% |
| Operating profit (loss) | 9901 | €996 | €9,611 | +€8,616 | +865% |
| Financial income | 75/76B | €0 | €1 | +€1 | +188% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +188% |
| Financial charges | 65/66B | €813 | €1,030 | +€217 | +26.7% |
| Recurring financial charges | 65 | €813 | €1,030 | +€217 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €183 | €8,583 | +€8,400 | +4,587% |
| Income taxes | 67/77 | €140 | €917 | +€778 | +557% |
| Profit (loss) for the period | 9904 | €44 | €7,666 | +€7,622 | +17,482% |
| Profit (loss) for the period to be appropriated | 9905 | €44 | €7,666 | +€7,622 | +17,482% |
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 20 October 2026 via checked.be.