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.
DS CONSULT
Largest movements
- Receivables within one year -€96,080
down €96,080 (-85.4%), from €112,502 to €16,421
of which Trade receivables: -€112,502
- Cash +€76,562
up €76,562 (+73.6%), from €104,007 to €180,569
mainly Receivables within one year (+€96,080) and Depreciation (+€26,767)
- Tangible fixed assets -€26,767
down €26,767 (-19.5%), from €137,548 to €110,781
of which Furniture and vehicles: -€18,706
- Tax, wage and social debts -€26,986
down €26,986 (-59.7%), from €45,200 to €18,214
- Current portion of long-term debt -€5,710
down €5,710 (-66.5%), from €8,591 to €2,881
- Gross operating margin -€150,673
down €150,673 (-85.9%), from €175,415 to €24,741
- Taxes -€43,445
down €43,445 (-98.3%), from €44,214 to €769
- Depreciation +€3,807
up €3,807 (+16.6%), from €22,959 to €26,767
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 | €541,960 | €499,103 | -€42,857 | -7.9% |
| Fixed assets | 21/28 | €137,548 | €110,781 | -€26,767 | -19.5% |
| Tangible fixed assets | 22/27 | €137,548 | €110,781 | -€26,767 | -19.5% |
| Land and buildings | 22 | €88,672 | €80,610 | -€8,061 | -9.1% |
| Furniture and vehicles | 24 | €48,876 | €30,171 | -€18,706 | -38.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €404,413 | €388,322 | -€16,091 | -4.0% |
| Amounts receivable within one year | 40/41 | €112,502 | €16,421 | -€96,080 | -85.4% |
| Trade receivables | 40 | €112,502 | - | -€112,502 | |
| Other amounts receivable | 41 | - | €16,421 | +€16,421 | |
| Current investments | 50/53 | €186,435 | €187,374 | +€939 | +0.5% |
| Cash at bank and in hand | 54/58 | €104,007 | €180,569 | +€76,562 | +73.6% |
| Deferred charges and accrued income | 490/1 | €1,469 | €3,958 | +€2,489 | +169.4% |
| Total equity and liabilities | 10/49 | €541,960 | €499,103 | -€42,857 | -7.9% |
| Equity | 10/15 | €478,954 | €476,063 | -€2,891 | -0.6% |
| Contributions | 10/11 | €18,860 | €18,860 | = | 0.0% |
| Reserves | 13 | €460,094 | €460,094 | = | 0.0% |
| Distributable reserves | 133 | €460,094 | €460,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,891 | -€2,891 | |
| Amounts payable | 17/49 | €63,006 | €23,040 | -€39,966 | -63.4% |
| Amounts payable after more than one year | 17 | €2,881 | - | -€2,881 | |
| Financial debts | 170/4 | €2,881 | - | -€2,881 | |
| Amounts payable within one year | 42/48 | €60,125 | €23,040 | -€37,085 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €8,591 | €2,881 | -€5,710 | -66.5% |
| Trade debts | 44 | €3,581 | €717 | -€2,864 | -80.0% |
| Suppliers | 440/4 | €3,581 | €717 | -€2,864 | -80.0% |
| Taxes, remuneration and social security | 45 | €45,200 | €18,214 | -€26,986 | -59.7% |
| Taxes | 450/3 | €45,200 | €18,214 | -€26,986 | -59.7% |
| Other amounts payable | 47/48 | €2,753 | €1,228 | -€1,525 | -55.4% |
| Non-recurring operating income | 76A | €6,612 | - | -€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,959 | €26,767 | +€3,807 | +16.6% |
| Other operating charges | 640/8 | €1,644 | €1,279 | -€365 | -22.2% |
| Gross operating margin | 9900 | €175,415 | €24,741 | -€150,673 | -85.9% |
| Operating profit (loss) | 9901 | €150,812 | -€3,304 | -€154,116 | |
| Financial income | 75/76B | €459 | €1,678 | +€1,219 | +265.9% |
| Recurring financial income | 75 | €459 | €1,678 | +€1,219 | +265.9% |
| Financial charges | 65/66B | €945 | €496 | -€449 | -47.5% |
| Recurring financial charges | 65 | €945 | €496 | -€449 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €150,326 | -€2,122 | -€152,448 | |
| Income taxes | 67/77 | €44,214 | €769 | -€43,445 | -98.3% |
| Profit (loss) for the period | 9904 | €106,111 | -€2,891 | -€109,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,111 | -€2,891 | -€109,002 |
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 11 October 2026 via checked.be.