DV 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.
DV CONSULT
Largest movements
- Current investments +€45,000
up €45,000 (+22.0%), from €205,000 to €250,000
- Receivables within one year +€26,454
up €26,454 (+319.3%), from €8,285 to €34,739
of which Trade receivables: +€23,744
- Cash -€5,336
down €5,336 (-35.6%), from €14,989 to €9,653
mainly Current investments (-€45,000) and Receivables within one year (-€26,454)
- Other debts +€32,468
up €32,468 (+465.4%), from €6,976 to €39,444
- Reserves +€29,273
up €29,273 (+13.5%), from €216,601 to €245,874
- Gross operating margin -€7,389
down €7,389 (-16.8%), from €43,974 to €36,585
- Financial income +€1,579
up €1,579 (+33.1%), from €4,776 to €6,355
- Depreciation -€1,475
down €1,475 (-74.2%), from €1,988 to €513
- Taxes -€977
down €977 (-7.2%), from €13,517 to €12,540
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 | €228,910 | €294,429 | +€65,519 | +28.6% |
| Fixed assets | 21/28 | €550 | €37 | -€513 | -93.3% |
| Tangible fixed assets | 22/27 | €550 | €37 | -€513 | -93.3% |
| Plant, machinery and equipment | 23 | €127 | €37 | -€90 | -70.9% |
| Furniture and vehicles | 24 | €423 | - | -€423 | |
| Current assets | 29/58 | €228,360 | €294,392 | +€66,032 | +28.9% |
| Amounts receivable within one year | 40/41 | €8,285 | €34,739 | +€26,454 | +319.3% |
| Trade receivables | 40 | €7,035 | €30,779 | +€23,744 | +337.5% |
| Other amounts receivable | 41 | €1,250 | €3,960 | +€2,710 | +216.8% |
| Current investments | 50/53 | €205,000 | €250,000 | +€45,000 | +22.0% |
| Cash at bank and in hand | 54/58 | €14,989 | €9,653 | -€5,336 | -35.6% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €228,910 | €294,429 | +€65,519 | +28.6% |
| Equity | 10/15 | €217,601 | €246,874 | +€29,273 | +13.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €216,601 | €245,874 | +€29,273 | +13.5% |
| Distributable reserves | 133 | €216,601 | €245,874 | +€29,273 | +13.5% |
| Amounts payable | 17/49 | €11,309 | €47,555 | +€36,246 | +320.5% |
| Amounts payable within one year | 42/48 | €11,309 | €47,555 | +€36,246 | +320.5% |
| Trade debts | 44 | €103 | €2,504 | +€2,401 | +2331.1% |
| Suppliers | 440/4 | €103 | €2,504 | +€2,401 | +2331.1% |
| Taxes, remuneration and social security | 45 | €4,230 | €5,607 | +€1,377 | +32.6% |
| Taxes | 450/3 | €4,230 | €5,607 | +€1,377 | +32.6% |
| Other amounts payable | 47/48 | €6,976 | €39,444 | +€32,468 | +465.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,988 | €513 | -€1,475 | -74.2% |
| Other operating charges | 640/8 | €513 | €528 | +€15 | +2.9% |
| Gross operating margin | 9900 | €43,974 | €36,585 | -€7,389 | -16.8% |
| Operating profit (loss) | 9901 | €41,473 | €35,544 | -€5,929 | -14.3% |
| Financial income | 75/76B | €4,776 | €6,355 | +€1,579 | +33.1% |
| Recurring financial income | 75 | €4,776 | €6,355 | +€1,579 | +33.1% |
| Financial charges | 65/66B | €66 | €86 | +€20 | +30.3% |
| Recurring financial charges | 65 | €66 | €86 | +€20 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €46,183 | €41,813 | -€4,370 | -9.5% |
| Income taxes | 67/77 | €13,517 | €12,540 | -€977 | -7.2% |
| Profit (loss) for the period | 9904 | €32,666 | €29,273 | -€3,393 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,666 | €29,273 | -€3,393 | -10.4% |
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 9 October 2026 via checked.be.