DRF Consulting: 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.
DRF Consulting
Largest movements
- Cash -€115,937
down €115,937 (-84.7%), from €136,929 to €20,992
mainly Contributions, distributions and other (-€53,170) and Net result for the year (-€52,131)
- Receivables within one year -€33,443
down €33,443 (-80.3%), from €41,633 to €8,190
of which Trade receivables: -€40,839
- Deferred charges and accrued income -€8,000
no longer reported in 2025 (was €8,000)
- Intangible fixed assets -€3,561
no longer reported in 2025 (was €3,561)
- Reserves -€53,170
down €53,170 (-65.0%), from €81,862 to €28,692
- Profit (loss) carried forward -€52,131
down €52,131, from €33,718 to -€18,412
- Other debts -€48,814
down €48,814 (-97.2%), from €50,236 to €1,421
- Tax, wage and social debts -€7,165
no longer reported in 2025 (was €7,165)
- Gross operating margin -€122,204
down €122,204, from €76,404 to -€45,800
- Taxes -€12,074
down €12,074 (-98.9%), from €12,206 to €132
- Depreciation -€10,502
down €10,502 (-68.2%), from €15,397 to €4,894
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 | €191,604 | €30,722 | -€160,882 | -84.0% |
| Fixed assets | 21/28 | €5,043 | €1,541 | -€3,502 | -69.4% |
| Intangible fixed assets | 21 | €3,561 | - | -€3,561 | |
| Tangible fixed assets | 22/27 | €1,482 | €1,541 | +€59 | +4.0% |
| Plant, machinery and equipment | 23 | €1,482 | €1,541 | +€59 | +4.0% |
| Current assets | 29/58 | €186,561 | €29,181 | -€157,380 | -84.4% |
| Amounts receivable within one year | 40/41 | €41,633 | €8,190 | -€33,443 | -80.3% |
| Trade receivables | 40 | €40,839 | - | -€40,839 | |
| Other amounts receivable | 41 | €794 | €8,190 | +€7,396 | +931.7% |
| Cash at bank and in hand | 54/58 | €136,929 | €20,992 | -€115,937 | -84.7% |
| Deferred charges and accrued income | 490/1 | €8,000 | - | -€8,000 | |
| Total equity and liabilities | 10/49 | €191,604 | €30,722 | -€160,882 | -84.0% |
| Equity | 10/15 | €134,130 | €28,830 | -€105,300 | -78.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,862 | €28,692 | -€53,170 | -65.0% |
| Distributable reserves | 133 | €81,862 | €28,692 | -€53,170 | -65.0% |
| Profit (loss) carried forward | 14 | €33,718 | -€18,412 | -€52,131 | |
| Amounts payable | 17/49 | €57,474 | €1,892 | -€55,582 | -96.7% |
| Amounts payable within one year | 42/48 | €57,474 | €1,892 | -€55,582 | -96.7% |
| Trade debts | 44 | €73 | €471 | +€398 | +543.8% |
| Suppliers | 440/4 | €73 | €471 | +€398 | +543.8% |
| Taxes, remuneration and social security | 45 | €7,165 | - | -€7,165 | |
| Taxes | 450/3 | €7,165 | - | -€7,165 | |
| Other amounts payable | 47/48 | €50,236 | €1,421 | -€48,814 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,397 | €4,894 | -€10,502 | -68.2% |
| Other operating charges | 640/8 | €1,146 | €1,170 | +€24 | +2.1% |
| Gross operating margin | 9900 | €76,404 | -€45,800 | -€122,204 | |
| Operating profit (loss) | 9901 | €59,861 | -€51,865 | -€111,726 | |
| Financial charges | 65/66B | €122 | €134 | +€12 | +9.7% |
| Recurring financial charges | 65 | €122 | €134 | +€12 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €59,739 | -€51,999 | -€111,738 | |
| Income taxes | 67/77 | €12,206 | €132 | -€12,074 | -98.9% |
| Profit (loss) for the period | 9904 | €47,533 | -€52,131 | -€99,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,533 | -€52,131 | -€99,663 |
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 7 October 2026 via checked.be.