DSO 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.
DSO CONSULT
Largest movements
- Receivables within one year -€154,024
down €154,024 (-37.0%), from €415,836 to €261,812
of which Trade receivables: -€157,951
- Tangible fixed assets -€23,799
down €23,799 (-11.6%), from €205,102 to €181,303
of which Land and buildings: -€23,697
- Cash -€21,642
down €21,642 (-71.2%), from €30,409 to €8,766
mainly Other debts (-€94,877) and Trade debts (-€42,723)
- Other debts -€94,877
down €94,877 (-33.4%), from €283,897 to €189,019
- Trade debts -€42,723
down €42,723 (-78.4%), from €54,493 to €11,771
- Profit (loss) carried forward -€38,204
down €38,204, from €28,694 to -€9,510
- Debts after one year -€26,950
down €26,950 (-15.1%), from €177,989 to €151,039
- Gross operating margin -€107,437
down €107,437 (-43.8%), from €245,201 to €137,763
- Taxes -€9,647
down €9,647 (-96.5%), from €10,001 to €354
- Staff costs +€3,926
up €3,926 (+3.1%), from €125,675 to €129,601
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 | €706,618 | €507,877 | -€198,742 | -28.1% |
| Fixed assets | 21/28 | €255,289 | €231,490 | -€23,799 | -9.3% |
| Tangible fixed assets | 22/27 | €205,102 | €181,303 | -€23,799 | -11.6% |
| Land and buildings | 22 | €205,000 | €181,303 | -€23,697 | -11.6% |
| Plant, machinery and equipment | 23 | €102 | - | -€102 | |
| Financial fixed assets | 28 | €50,187 | €50,187 | = | 0.0% |
| Current assets | 29/58 | €451,329 | €276,387 | -€174,943 | -38.8% |
| Amounts receivable within one year | 40/41 | €415,836 | €261,812 | -€154,024 | -37.0% |
| Trade receivables | 40 | €415,115 | €257,164 | -€157,951 | -38.0% |
| Other amounts receivable | 41 | €721 | €4,648 | +€3,927 | +545% |
| Cash at bank and in hand | 54/58 | €30,409 | €8,766 | -€21,642 | -71.2% |
| Deferred charges and accrued income | 490/1 | €5,085 | €5,808 | +€723 | +14.2% |
| Total equity and liabilities | 10/49 | €706,618 | €507,877 | -€198,742 | -28.1% |
| Equity | 10/15 | €62,104 | €23,900 | -€38,204 | -61.5% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,694 | -€9,510 | -€38,204 | |
| Amounts payable | 17/49 | €644,514 | €483,977 | -€160,537 | -24.9% |
| Amounts payable after more than one year | 17 | €177,989 | €151,039 | -€26,950 | -15.1% |
| Financial debts | 170/4 | €177,989 | €151,039 | -€26,950 | -15.1% |
| Amounts payable within one year | 42/48 | €466,525 | €332,938 | -€133,587 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €26,224 | €26,950 | +€726 | +2.8% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €54,493 | €11,771 | -€42,723 | -78.4% |
| Suppliers | 440/4 | €54,493 | €11,771 | -€42,723 | -78.4% |
| Taxes, remuneration and social security | 45 | €31,911 | €35,198 | +€3,287 | +10.3% |
| Taxes | 450/3 | €10,376 | €10,355 | -€20 | -0.2% |
| Remuneration and social security | 454/9 | €21,536 | €24,843 | +€3,307 | +15.4% |
| Other amounts payable | 47/48 | €283,897 | €189,019 | -€94,877 | -33.4% |
| Non-recurring operating income | 76A | €27,025 | - | -€27,025 | |
| Remuneration, social security and pensions | 62 | €125,675 | €129,601 | +€3,926 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,456 | €23,799 | -€657 | -2.7% |
| Other operating charges | 640/8 | €6,209 | €7,099 | +€889 | +14.3% |
| Gross operating margin | 9900 | €245,201 | €137,763 | -€107,437 | -43.8% |
| Operating profit (loss) | 9901 | €88,861 | -€22,735 | -€111,596 | |
| Financial income | 75/76B | €24 | €1 | -€23 | -97.4% |
| Recurring financial income | 75 | €24 | €1 | -€23 | -97.4% |
| Financial charges | 65/66B | €13,759 | €15,116 | +€1,357 | +9.9% |
| Recurring financial charges | 65 | €13,759 | €15,116 | +€1,357 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €75,126 | -€37,850 | -€112,976 | |
| Income taxes | 67/77 | €10,001 | €354 | -€9,647 | -96.5% |
| Profit (loss) for the period | 9904 | €65,126 | -€38,204 | -€103,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,126 | -€38,204 | -€103,330 |
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 19 October 2026 via checked.be.