Duval Consulting Services: 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.
Duval Consulting Services
Largest movements
- Current investments +€525,000
up €525,000 (+122%), from €429,189 to €954,189
- Receivables within one year +€173,725
up €173,725 (+78.5%), from €221,248 to €394,973
of which Other amounts receivable: +€140,295
- Tangible fixed assets -€110,696
down €110,696 (-4.4%), from €2.5m to €2.4m
of which Land and buildings: -€92,053
- Cash +€66,913
up €66,913 (+86.9%), from €77,004 to €143,917
mainly Net result for the year (+€690,929) and Depreciation (+€114,792)
- Reserves +€690,900
up €690,900 (+119%), from €580,994 to €1.3m
of which Distributable reserves: +€690,900
- Debts after one year -€94,944
down €94,944 (-16.7%), from €569,664 to €474,720
- Financial income +€535,770
up €535,770 (+132%), from €405,033 to €940,803
- Gross operating margin -€160,381
down €160,381, from €112,619 to -€47,761
- Taxes +€34,252
up €34,252 (+96.6%), from €35,458 to €69,710
- Financial charges -€2,950
down €2,950 (-20.5%), from €14,356 to €11,406
- Other operating charges +€1,583
up €1,583 (+34.2%), from €4,622 to €6,205
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 | €3,243,552 | €3,898,148 | +€654,596 | +20.2% |
| Fixed assets | 21/28 | €2,505,481 | €2,394,585 | -€110,896 | -4.4% |
| Intangible fixed assets | 21 | €796 | €596 | -€200 | -25.1% |
| Tangible fixed assets | 22/27 | €2,503,939 | €2,393,243 | -€110,696 | -4.4% |
| Land and buildings | 22 | €2,443,685 | €2,351,632 | -€92,053 | -3.8% |
| Plant, machinery and equipment | 23 | €29,513 | €26,439 | -€3,075 | -10.4% |
| Furniture and vehicles | 24 | €30,741 | €15,172 | -€15,568 | -50.6% |
| Financial fixed assets | 28 | €746 | €746 | = | 0.0% |
| Current assets | 29/58 | €738,071 | €1,503,564 | +€765,493 | +104% |
| Amounts receivable within one year | 40/41 | €221,248 | €394,973 | +€173,725 | +78.5% |
| Trade receivables | 40 | €21,715 | €55,144 | +€33,429 | +154% |
| Other amounts receivable | 41 | €199,534 | €339,829 | +€140,295 | +70.3% |
| Current investments | 50/53 | €429,189 | €954,189 | +€525,000 | +122% |
| Cash at bank and in hand | 54/58 | €77,004 | €143,917 | +€66,913 | +86.9% |
| Deferred charges and accrued income | 490/1 | €10,630 | €10,485 | -€145 | -1.4% |
| Total equity and liabilities | 10/49 | €3,243,552 | €3,898,148 | +€654,596 | +20.2% |
| Equity | 10/15 | €2,508,824 | €3,199,753 | +€690,929 | +27.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €580,994 | €1,271,894 | +€690,900 | +119% |
| Tax-exempt reserves | 132 | €24,861 | €24,861 | = | 0.0% |
| Distributable reserves | 133 | €556,133 | €1,247,033 | +€690,900 | +124% |
| Profit (loss) carried forward | 14 | €1,907,830 | €1,907,859 | +€29 | 0.0% |
| Amounts payable | 17/49 | €734,728 | €698,396 | -€36,332 | -4.9% |
| Amounts payable after more than one year | 17 | €569,664 | €474,720 | -€94,944 | -16.7% |
| Financial debts | 170/4 | €569,664 | €474,720 | -€94,944 | -16.7% |
| Amounts payable within one year | 42/48 | €165,004 | €223,675 | +€58,672 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €94,944 | €94,944 | = | 0.0% |
| Trade debts | 44 | €24,036 | €47,916 | +€23,880 | +99.4% |
| Suppliers | 440/4 | €24,036 | €47,916 | +€23,880 | +99.4% |
| Taxes, remuneration and social security | 45 | €46,024 | €80,815 | +€34,791 | +75.6% |
| Taxes | 450/3 | €46,024 | €80,815 | +€34,791 | +75.6% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,863 | €114,792 | -€72 | -0.1% |
| Other operating charges | 640/8 | €4,622 | €6,205 | +€1,583 | +34.2% |
| Gross operating margin | 9900 | €112,619 | -€47,761 | -€160,381 | |
| Operating profit (loss) | 9901 | -€6,866 | -€168,758 | -€161,892 | -2,358% |
| Financial income | 75/76B | €405,033 | €940,803 | +€535,770 | +132% |
| Recurring financial income | 75 | €405,033 | €940,803 | +€535,770 | +132% |
| Financial charges | 65/66B | €14,356 | €11,406 | -€2,950 | -20.5% |
| Recurring financial charges | 65 | €14,356 | €11,406 | -€2,950 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €383,811 | €760,639 | +€376,827 | +98.2% |
| Income taxes | 67/77 | €35,458 | €69,710 | +€34,252 | +96.6% |
| Profit (loss) for the period | 9904 | €348,353 | €690,929 | +€342,575 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €348,353 | €690,929 | +€342,575 | +98.3% |
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 25 October 2026 via checked.be.