VINCENT DUYSINX 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.
VINCENT DUYSINX CONSULT
Largest movements
- Cash +€143,992
up €143,992 (+48.8%), from €294,912 to €438,904
mainly Net result for the year (+€190,214) and Other debts (+€96,514)
- Tangible fixed assets +€17,461
up €17,461 (+85.3%), from €20,476 to €37,937
of which Furniture and vehicles: +€16,059
- Deferred charges and accrued income -€13,030
down €13,030 (-49.4%), from €26,395 to €13,365
- Receivables within one year -€10,397
down €10,397 (-37.3%), from €27,891 to €17,494
of which Trade receivables: -€10,397
- Reserves +€190,200
up €190,200 (+195%), from €97,700 to €287,900
- Profit (loss) carried forward -€160,938
down €160,938 (-100%), from €160,938 to €0
- Other debts +€96,514
up €96,514 (+122%), from €79,169 to €175,682
- Tax, wage and social debts +€38,093
up €38,093 (+704%), from €5,410 to €43,503
of which Taxes: +€40,653
- Short-term financial debts -€17,065
down €17,065 (-100%), from €17,065 to €0
- Gross operating margin +€136,014
up €136,014 (+97.8%), from €139,079 to €275,093
- Financial income -€54,398
down €54,398 (-81.5%), from €66,729 to €12,331
- Taxes +€51,352
up €51,352 (+170%), from €30,232 to €81,585
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 | €384,978 | €523,003 | +€138,025 | +35.9% |
| Fixed assets | 21/28 | €35,780 | €53,241 | +€17,461 | +48.8% |
| Tangible fixed assets | 22/27 | €20,476 | €37,937 | +€17,461 | +85.3% |
| Plant, machinery and equipment | 23 | €13,772 | €10,174 | -€3,598 | -26.1% |
| Furniture and vehicles | 24 | €6,704 | €22,763 | +€16,059 | +240% |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | €15,304 | €15,304 | = | 0.0% |
| Current assets | 29/58 | €349,198 | €469,762 | +€120,564 | +34.5% |
| Amounts receivable within one year | 40/41 | €27,891 | €17,494 | -€10,397 | -37.3% |
| Trade receivables | 40 | €11,151 | €753 | -€10,397 | -93.2% |
| Other amounts receivable | 41 | €16,740 | €16,740 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €294,912 | €438,904 | +€143,992 | +48.8% |
| Deferred charges and accrued income | 490/1 | €26,395 | €13,365 | -€13,030 | -49.4% |
| Total equity and liabilities | 10/49 | €384,978 | €523,003 | +€138,025 | +35.9% |
| Equity | 10/15 | €268,638 | €297,900 | +€29,262 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,700 | €287,900 | +€190,200 | +195% |
| Distributable reserves | 133 | €97,700 | €287,900 | +€190,200 | +195% |
| Profit (loss) carried forward | 14 | €160,938 | €0 | -€160,938 | -100% |
| Amounts payable | 17/49 | €116,340 | €225,103 | +€108,763 | +93.5% |
| Amounts payable within one year | 42/48 | €116,340 | €222,205 | +€105,864 | +91.0% |
| Financial debts | 43 | €17,065 | €0 | -€17,065 | -100% |
| Credit institutions | 430/8 | €17,065 | €0 | -€17,065 | -100% |
| Trade debts | 44 | €14,697 | €3,019 | -€11,678 | -79.5% |
| Suppliers | 440/4 | €14,697 | €3,019 | -€11,678 | -79.5% |
| Taxes, remuneration and social security | 45 | €5,410 | €43,503 | +€38,093 | +704% |
| Taxes | 450/3 | €2,850 | €43,503 | +€40,653 | +1,426% |
| Remuneration and social security | 454/9 | €2,560 | €0 | -€2,560 | -100% |
| Other amounts payable | 47/48 | €79,169 | €175,682 | +€96,514 | +122% |
| Accrued charges and deferred income | 492/3 | - | €2,898 | +€2,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,099 | €8,792 | +€1,693 | +23.8% |
| Other operating charges | 640/8 | €1,795 | €1,435 | -€360 | -20.1% |
| Gross operating margin | 9900 | €139,079 | €275,093 | +€136,014 | +97.8% |
| Operating profit (loss) | 9901 | €130,184 | €264,866 | +€134,682 | +103% |
| Financial income | 75/76B | €66,729 | €12,331 | -€54,398 | -81.5% |
| Recurring financial income | 75 | €66,729 | €12,331 | -€54,398 | -81.5% |
| Financial charges | 65/66B | €4,913 | €5,399 | +€486 | +9.9% |
| Recurring financial charges | 65 | €4,913 | €5,399 | +€486 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €192,001 | €271,798 | +€79,797 | +41.6% |
| Income taxes | 67/77 | €30,232 | €81,585 | +€51,352 | +170% |
| Profit (loss) for the period | 9904 | €161,769 | €190,214 | +€28,445 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €161,769 | €190,214 | +€28,445 | +17.6% |
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 24 October 2026 via checked.be.