DUVIVIER 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.
DUVIVIER CONSULT
Largest movements
- Receivables within one year -€108,152
down €108,152 (-33.9%), from €318,850 to €210,699
of which Other amounts receivable: -€97,530
- Financial fixed assets +€100,000
new in 2025: €100,000
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€26,888
down €26,888 (-40.1%), from €67,044 to €40,156
mainly Contributions, distributions and other (-€95,350) and Other debts (-€88,338)
- Tangible fixed assets -€17,765
down €17,765 (-81.4%), from €21,816 to €4,051
of which Land and buildings: -€19,162
- Other debts -€88,338
down €88,338 (-53.8%), from €164,130 to €75,792
- Reserves -€19,110
down €19,110 (-7.5%), from €255,195 to €236,085
- Tax, wage and social debts +€7,627
up €7,627 (+56.9%), from €13,396 to €21,023
- Gross operating margin +€28,680
up €28,680 (+43.5%), from €65,863 to €94,543
- Financial income -€9,242
down €9,242 (-33.7%), from €27,424 to €18,181
- Taxes +€6,741
up €6,741 (+28.9%), from €23,303 to €30,044
- Financial charges -€2,046
down €2,046 (-28.4%), from €7,201 to €5,155
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 | €462,587 | €359,218 | -€103,368 | -22.3% |
| Fixed assets | 21/28 | €21,816 | €104,051 | +€82,235 | +377% |
| Tangible fixed assets | 22/27 | €21,816 | €4,051 | -€17,765 | -81.4% |
| Land and buildings | 22 | €19,162 | - | -€19,162 | |
| Furniture and vehicles | 24 | €1,221 | €1,697 | +€476 | +39.0% |
| Other tangible fixed assets | 26 | €1,433 | €2,354 | +€921 | +64.3% |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €440,771 | €255,167 | -€185,603 | -42.1% |
| Amounts receivable within one year | 40/41 | €318,850 | €210,699 | -€108,152 | -33.9% |
| Trade receivables | 40 | €26,107 | €15,486 | -€10,621 | -40.7% |
| Other amounts receivable | 41 | €292,743 | €195,213 | -€97,530 | -33.3% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €67,044 | €40,156 | -€26,888 | -40.1% |
| Deferred charges and accrued income | 490/1 | €4,876 | €4,312 | -€563 | -11.6% |
| Total equity and liabilities | 10/49 | €462,587 | €359,218 | -€103,368 | -22.3% |
| Equity | 10/15 | €276,109 | €257,004 | -€19,106 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,195 | €236,085 | -€19,110 | -7.5% |
| Distributable reserves | 133 | €255,195 | €236,085 | -€19,110 | -7.5% |
| Profit (loss) carried forward | 14 | €2,314 | €2,319 | +€4 | +0.2% |
| Amounts payable | 17/49 | €186,477 | €102,215 | -€84,263 | -45.2% |
| Amounts payable within one year | 42/48 | €179,654 | €99,042 | -€80,612 | -44.9% |
| Financial debts | 43 | €278 | €191 | -€87 | -31.4% |
| Credit institutions | 430/8 | €278 | €191 | -€87 | -31.4% |
| Trade debts | 44 | €1,850 | €2,036 | +€186 | +10.1% |
| Suppliers | 440/4 | €1,850 | €2,036 | +€186 | +10.1% |
| Taxes, remuneration and social security | 45 | €13,396 | €21,023 | +€7,627 | +56.9% |
| Taxes | 450/3 | €13,396 | €21,023 | +€7,627 | +56.9% |
| Other amounts payable | 47/48 | €164,130 | €75,792 | -€88,338 | -53.8% |
| Accrued charges and deferred income | 492/3 | €6,823 | €3,173 | -€3,650 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,281 | -€59 | -4.4% |
| Gross operating margin | 9900 | €65,863 | €94,543 | +€28,680 | +43.5% |
| Operating profit (loss) | 9901 | €64,523 | €93,262 | +€28,739 | +44.5% |
| Financial income | 75/76B | €27,424 | €18,181 | -€9,242 | -33.7% |
| Recurring financial income | 75 | €27,424 | €18,181 | -€9,242 | -33.7% |
| Financial charges | 65/66B | €7,201 | €5,155 | -€2,046 | -28.4% |
| Recurring financial charges | 65 | €7,201 | €5,155 | -€2,046 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €84,746 | €106,288 | +€21,542 | +25.4% |
| Income taxes | 67/77 | €23,303 | €30,044 | +€6,741 | +28.9% |
| Profit (loss) for the period | 9904 | €61,443 | €76,244 | +€14,802 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,443 | €76,244 | +€14,802 | +24.1% |
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 25 October 2026 via checked.be.