DPJ 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.
DPJ CONSULT
Largest movements
- Cash +€38,657
up €38,657 (+40.3%), from €95,973 to €134,630
mainly Net result for the year (+€53,871) and Depreciation (+€18,971)
- Current investments +€30,000
up €30,000 (+6.2%), from €487,721 to €517,721
- Tangible fixed assets -€18,971
down €18,971 (-5.1%), from €373,800 to €354,829
of which Land and buildings: -€13,137
- Receivables within one year -€12,781
no longer reported in 2025 (was €12,781)
- Reserves +€53,871
up €53,871 (+8.2%), from €657,479 to €711,350
of which Distributable reserves: +€53,871
- Debts after one year -€16,428
down €16,428 (-4.8%), from €345,478 to €329,050
- Gross operating margin +€42,637
up €42,637 (+60.5%), from €70,429 to €113,066
- Taxes -€15,659
down €15,659 (-78.6%), from €19,917 to €4,257
- Financial income -€12,781
no longer reported in 2025 (was €12,781)
- Financial charges +€5,484
up €5,484 (+26.8%), from €20,476 to €25,960
- Depreciation +€4,204
up €4,204 (+28.5%), from €14,767 to €18,971
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 | €1,226,067 | €1,262,973 | +€36,906 | +3.0% |
| Fixed assets | 21/28 | €373,800 | €354,829 | -€18,971 | -5.1% |
| Tangible fixed assets | 22/27 | €373,800 | €354,829 | -€18,971 | -5.1% |
| Land and buildings | 22 | €346,924 | €333,787 | -€13,137 | -3.8% |
| Plant, machinery and equipment | 23 | €12,956 | €10,002 | -€2,954 | -22.8% |
| Furniture and vehicles | 24 | €13,920 | €11,040 | -€2,880 | -20.7% |
| Current assets | 29/58 | €852,267 | €908,143 | +€55,877 | +6.6% |
| Amounts receivable after more than one year | 29 | €255,792 | €255,792 | = | 0.0% |
| Other amounts receivable | 291 | €255,792 | €255,792 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,781 | - | -€12,781 | |
| Trade receivables | 40 | €12,781 | - | -€12,781 | |
| Current investments | 50/53 | €487,721 | €517,721 | +€30,000 | +6.2% |
| Cash at bank and in hand | 54/58 | €95,973 | €134,630 | +€38,657 | +40.3% |
| Total equity and liabilities | 10/49 | €1,226,067 | €1,262,973 | +€36,906 | +3.0% |
| Equity | 10/15 | €689,479 | €743,350 | +€53,871 | +7.8% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €657,479 | €711,350 | +€53,871 | +8.2% |
| Non-distributable reserves | 130/1 | €457,721 | €457,721 | = | 0.0% |
| Own shares acquired | 1312 | €457,721 | €457,721 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €143,508 | €197,379 | +€53,871 | +37.5% |
| Provisions and deferred taxes | 16 | €17,708 | €17,708 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,708 | €17,708 | = | 0.0% |
| Environmental obligations | 163 | €17,708 | €17,708 | = | 0.0% |
| Amounts payable | 17/49 | €518,880 | €501,915 | -€16,965 | -3.3% |
| Amounts payable after more than one year | 17 | €345,478 | €329,050 | -€16,428 | -4.8% |
| Financial debts | 170/4 | €345,478 | €329,050 | -€16,428 | -4.8% |
| Amounts payable within one year | 42/48 | €161,672 | €156,697 | -€4,975 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €16,428 | €16,428 | = | 0.0% |
| Trade debts | 44 | €131,886 | €125,146 | -€6,741 | -5.1% |
| Suppliers | 440/4 | €131,886 | €125,146 | -€6,741 | -5.1% |
| Taxes, remuneration and social security | 45 | €7,954 | €9,997 | +€2,043 | +25.7% |
| Taxes | 450/3 | €7,954 | €9,997 | +€2,043 | +25.7% |
| Other amounts payable | 47/48 | €5,403 | €5,126 | -€277 | -5.1% |
| Accrued charges and deferred income | 492/3 | €11,731 | €16,168 | +€4,438 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,767 | €18,971 | +€4,204 | +28.5% |
| Other operating charges | 640/8 | €9,124 | €10,007 | +€883 | +9.7% |
| Gross operating margin | 9900 | €70,429 | €113,066 | +€42,637 | +60.5% |
| Operating profit (loss) | 9901 | €46,538 | €84,088 | +€37,550 | +80.7% |
| Financial income | 75/76B | €12,781 | - | -€12,781 | |
| Recurring financial income | 75 | €12,781 | - | -€12,781 | |
| Financial charges | 65/66B | €20,476 | €25,960 | +€5,484 | +26.8% |
| Recurring financial charges | 65 | €20,476 | €25,960 | +€5,484 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €38,843 | €58,128 | +€19,285 | +49.6% |
| Income taxes | 67/77 | €19,917 | €4,257 | -€15,659 | -78.6% |
| Profit (loss) for the period | 9904 | €18,926 | €53,871 | +€34,944 | +184.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,926 | €53,871 | +€34,944 | +184.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.