@DVisory Consultants: 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.
@DVisory Consultants
Largest movements
- Receivables within one year -€47,070
down €47,070 (-95.5%), from €49,266 to €2,196
of which Other amounts receivable: -€48,600
- Deferred charges and accrued income -€37,398
down €37,398 (-19.4%), from €192,359 to €154,960
- Tangible fixed assets -€35,306
down €35,306 (-4.1%), from €866,752 to €831,446
of which Land and buildings: -€37,914
- Debts after one year -€98,509
down €98,509 (-11.9%), from €825,235 to €726,726
- Reserves -€36,611
down €36,611 (-68.9%), from €53,099 to €16,488
of which Distributable reserves: -€36,611
- Other debts +€31,496
up €31,496 (+19.1%), from €164,884 to €196,380
- Gross operating margin +€16,430
up €16,430 (+15.3%), from €107,423 to €123,852
- Taxes +€3,499
up €3,499 (+11.8%), from €29,543 to €33,042
- Depreciation +€2,954
up €2,954 (+6.3%), from €47,124 to €50,078
- Financial income -€1,975
down €1,975 (-82.5%), from €2,396 to €420
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 | €1,228,222 | €1,107,621 | -€120,601 | -9.8% |
| Fixed assets | 21/28 | €866,752 | €831,446 | -€35,306 | -4.1% |
| Tangible fixed assets | 22/27 | €866,752 | €831,446 | -€35,306 | -4.1% |
| Land and buildings | 22 | €843,653 | €805,739 | -€37,914 | -4.5% |
| Plant, machinery and equipment | 23 | €2,474 | €10,239 | +€7,764 | +314% |
| Furniture and vehicles | 24 | €20,624 | €15,468 | -€5,156 | -25.0% |
| Current assets | 29/58 | €361,470 | €276,175 | -€85,295 | -23.6% |
| Amounts receivable after more than one year | 29 | €119,019 | €119,019 | = | 0.0% |
| Other amounts receivable | 291 | €119,019 | €119,019 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,266 | €2,196 | -€47,070 | -95.5% |
| Trade receivables | 40 | €189 | €1,719 | +€1,530 | +810% |
| Other amounts receivable | 41 | €49,077 | €477 | -€48,600 | -99.0% |
| Cash at bank and in hand | 54/58 | €826 | - | -€826 | |
| Deferred charges and accrued income | 490/1 | €192,359 | €154,960 | -€37,398 | -19.4% |
| Total equity and liabilities | 10/49 | €1,228,222 | €1,107,621 | -€120,601 | -9.8% |
| Equity | 10/15 | €102,620 | €66,009 | -€36,611 | -35.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €53,099 | €16,488 | -€36,611 | -68.9% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €52,599 | €15,988 | -€36,611 | -69.6% |
| Profit (loss) carried forward | 14 | -€479 | -€479 | = | 0.0% |
| Amounts payable | 17/49 | €1,125,602 | €1,041,612 | -€83,990 | -7.5% |
| Amounts payable after more than one year | 17 | €825,235 | €726,726 | -€98,509 | -11.9% |
| Financial debts | 170/4 | €825,235 | €726,726 | -€98,509 | -11.9% |
| Amounts payable within one year | 42/48 | €300,367 | €314,885 | +€14,518 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €93,079 | €91,527 | -€1,551 | -1.7% |
| Trade debts | 44 | €7,956 | €1,873 | -€6,083 | -76.5% |
| Suppliers | 440/4 | €7,956 | €1,873 | -€6,083 | -76.5% |
| Taxes, remuneration and social security | 45 | €34,449 | €25,106 | -€9,343 | -27.1% |
| Taxes | 450/3 | €34,449 | €25,106 | -€9,343 | -27.1% |
| Other amounts payable | 47/48 | €164,884 | €196,380 | +€31,496 | +19.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,124 | €50,078 | +€2,954 | +6.3% |
| Other operating charges | 640/8 | €6,324 | €5,881 | -€443 | -7.0% |
| Gross operating margin | 9900 | €107,423 | €123,852 | +€16,430 | +15.3% |
| Operating profit (loss) | 9901 | €53,975 | €67,893 | +€13,918 | +25.8% |
| Financial income | 75/76B | €2,396 | €420 | -€1,975 | -82.5% |
| Recurring financial income | 75 | €2,396 | €420 | -€1,975 | -82.5% |
| Financial charges | 65/66B | €27,307 | €27,388 | +€81 | +0.3% |
| Recurring financial charges | 65 | €27,307 | €27,388 | +€81 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €29,064 | €40,926 | +€11,862 | +40.8% |
| Income taxes | 67/77 | €29,543 | €33,042 | +€3,499 | +11.8% |
| Profit (loss) for the period | 9904 | -€479 | €7,884 | +€8,363 | |
| Profit (loss) for the period to be appropriated | 9905 | -€479 | €7,884 | +€8,363 |
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 15 October 2026 via checked.be.