DS CONSULT: 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.
What changed
DS CONSULT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,185
2024 · €33,175-€39,359
Equity
€702,077
2024 · €708,261-€6,185
Cash
€4,168
2024 · €577+€3,590
Balance sheet total
€1.1m
2024 · €1.1m-€3,998
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€59,439
down €59,439 (-89.5%), from €66,385 to €6,946
- Financial charges -€7,188
down €7,188 (-62.8%), from €11,451 to €4,263
- Taxes -€3,317
no longer reported in 2025 (was €3,317)
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.
Result 2024
€33,175
Gross operating margin
-€59,439
Other operating charges
-€1
Other operating items
+€9,600
Financial income
-€24
Financial charges
+€7,188
Taxes
+€3,317
Result 2025
-€6,185
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3,590
Investment
€0
Financing
€0
Cash 2024
€577
From operations (derived)
+€3,590
Net result for the year
-€6,185
Depreciation
+€4,409
Stocks and contracts
-€7,070
Receivables within one year
+€9,085
Deferred charges and accrued income
+€1,166
Trade debts
+€25
Tax, wage and social debts
-€3,317
Other debts
+€5,479
Cash 2025
€4,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,464 | €1,097,466 | -€3,998 | -0.4% |
| Fixed assets | 21/28 | €204,214 | €199,806 | -€4,409 | -2.2% |
| Tangible fixed assets | 22/27 | €203,254 | €198,846 | -€4,409 | -2.2% |
| Land and buildings | 22 | €203,254 | €198,846 | -€4,409 | -2.2% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €897,250 | €897,660 | +€410 | 0.0% |
| Stocks and contracts in progress | 3 | €884,013 | €891,083 | +€7,070 | +0.8% |
| Stocks | 30/36 | €884,013 | €891,083 | +€7,070 | +0.8% |
| Amounts receivable within one year | 40/41 | €10,652 | €1,567 | -€9,085 | -85.3% |
| Trade receivables | 40 | €7,121 | - | -€7,121 | |
| Other amounts receivable | 41 | €3,530 | €1,567 | -€1,963 | -55.6% |
| Cash at bank and in hand | 54/58 | €577 | €4,168 | +€3,590 | +622% |
| Deferred charges and accrued income | 490/1 | €2,008 | €842 | -€1,166 | -58.1% |
| Total equity and liabilities | 10/49 | €1,101,464 | €1,097,466 | -€3,998 | -0.4% |
| Equity | 10/15 | €708,261 | €702,077 | -€6,185 | -0.9% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Capital | 10 | €270,000 | €270,000 | = | 0.0% |
| Issued capital | 100 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €438,261 | €438,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,713 | €26,713 | = | 0.0% |
| Legal reserve | 130 | €26,713 | €26,713 | = | 0.0% |
| Distributable reserves | 133 | €411,549 | €411,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,185 | -€6,185 | |
| Amounts payable | 17/49 | €393,203 | €395,389 | +€2,186 | +0.6% |
| Amounts payable after more than one year | 17 | €309,000 | €309,000 | = | 0.0% |
| Financial debts | 170/4 | €309,000 | €309,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,203 | €86,389 | +€2,186 | +2.6% |
| Trade debts | 44 | €340 | €365 | +€25 | +7.3% |
| Suppliers | 440/4 | €340 | €365 | +€25 | +7.3% |
| Taxes, remuneration and social security | 45 | €3,317 | - | -€3,317 | |
| Taxes | 450/3 | €3,317 | - | -€3,317 | |
| Other amounts payable | 47/48 | €80,545 | €86,024 | +€5,479 | +6.8% |
| Non-recurring operating income | 76A | €63,126 | - | -€63,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,409 | €4,409 | = | 0.0% |
| Other operating charges | 640/8 | €4,462 | €4,463 | +€1 | 0.0% |
| Non-recurring operating charges | 66A | €9,600 | - | -€9,600 | |
| Gross operating margin | 9900 | €66,385 | €6,946 | -€59,439 | -89.5% |
| Operating profit (loss) | 9901 | €47,915 | -€1,925 | -€49,840 | |
| Financial income | 75/76B | €28 | €4 | -€24 | -86.8% |
| Recurring financial income | 75 | €28 | €4 | -€24 | -86.8% |
| Financial charges | 65/66B | €11,451 | €4,263 | -€7,188 | -62.8% |
| Recurring financial charges | 65 | €11,451 | €4,263 | -€7,188 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €36,492 | -€6,185 | -€42,677 | |
| Income taxes | 67/77 | €3,317 | - | -€3,317 | |
| Profit (loss) for the period | 9904 | €33,175 | -€6,185 | -€39,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,175 | -€6,185 | -€39,359 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.