DV ANDOR: 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.
What changed
DV ANDOR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€315,015
2024 · €236,131+€78,884
Equity
€6.0m
2024 · €5.8m+€155,015
Cash
€176,865
2024 · €71,405+€105,460
Balance sheet total
€6.8m
2024 · €6.7m+€74,973
Largest movements
Assets
- Cash +€105,460
up €105,460 (+148%), from €71,405 to €176,865
mainly Net result for the year (+€315,015) and Accrued charges and deferred income (+€44,549)
Equity and liabilities
- Profit (loss) carried forward +€89,235
up €89,235 (+7.9%), from €1.1m to €1.2m
Income statement
- Financial income +€74,037
up €74,037 (+58.8%), from €125,965 to €200,002
- Turnover +€71,000
up €71,000 (+22.5%), from €315,750 to €386,750
- Financial charges +€40,683
up €40,683 (+738%), from €5,516 to €46,199
- Services and other goods +€18,316
up €18,316 (+14.4%), from €127,020 to €145,336
- Other operating income -€6,060
down €6,060 (-56.6%), from €10,715 to €4,655
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.
Result 2024
€236,131
Turnover
+€71,000
Other operating income
-€6,060
Services and other goods
-€18,316
Staff costs
+€1,385
Depreciation
+€87
Other operating charges
+€1,189
Financial income
+€74,037
Financial charges
-€40,683
Taxes
-€3,755
Result 2025
€315,015
raises the resultlowers the result
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.
From operations
+€277,963
Investment
+€1,385
Financing
-€173,887
Cash 2024
€71,405
From operations (derived)
+€277,963
Net result for the year
+€315,015
Depreciation
+€21,314
Receivables within one year
+€8,404
Deferred charges and accrued income
-€616
Trade debts
-€2,674
Tax, wage and social debts
-€48,132
Other debts
-€59,897
Accrued charges and deferred income
+€44,549
Investment (derived)
+€1,385
Investment in fixed assets (net)
+€0
Current investments
+€1,385
Financing
-€173,887
Debts after one year
-€14,472
Current portion of long-term debt
+€585
Contributions, distributions and other
-€160,000
Cash 2025
€176,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,697,882 | €6,772,855 | +€74,973 | +1.1% |
| Fixed assets | 21/28 | €6,582,338 | €6,561,024 | -€21,314 | -0.3% |
| Tangible fixed assets | 22/27 | €47,269 | €25,955 | -€21,314 | -45.1% |
| Furniture and vehicles | 24 | €47,269 | €25,955 | -€21,314 | -45.1% |
| Financial fixed assets | 28 | €6,535,069 | €6,535,069 | -€0 | 0.0% |
| Affiliated companies | 280/1 | €6,535,069 | €6,535,000 | -€69 | 0.0% |
| Participating interests | 280 | €6,535,069 | €6,535,000 | -€69 | 0.0% |
| Other financial fixed assets | 284/8 | - | €69 | +€69 | |
| Amounts receivable and cash guarantees | 285/8 | - | €69 | +€69 | |
| Current assets | 29/58 | €115,544 | €211,831 | +€96,288 | +83.3% |
| Amounts receivable within one year | 40/41 | €42,754 | €34,350 | -€8,404 | -19.7% |
| Trade receivables | 40 | €30,400 | €30,250 | -€150 | -0.5% |
| Other amounts receivable | 41 | €12,354 | €4,100 | -€8,254 | -66.8% |
| Current investments | 50/53 | €1,385 | - | -€1,385 | |
| Other investments | 51/53 | €1,385 | - | -€1,385 | |
| Cash at bank and in hand | 54/58 | €71,405 | €176,865 | +€105,460 | +148% |
| Deferred charges and accrued income | 490/1 | - | €616 | +€616 | |
| Total equity and liabilities | 10/49 | €6,697,882 | €6,772,855 | +€74,973 | +1.1% |
| Equity | 10/15 | €5,816,802 | €5,971,817 | +€155,015 | +2.7% |
| Contributions | 10/11 | €4,520,000 | €4,520,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,520,000 | - | -€4.5m | |
| Other | 1109/19 | €4,520,000 | - | -€4.5m | |
| Reserves | 13 | €161,250 | €227,030 | +€65,780 | +40.8% |
| Tax-exempt reserves | 132 | €105,250 | €181,030 | +€75,780 | +72.0% |
| Distributable reserves | 133 | €56,000 | €46,000 | -€10,000 | -17.9% |
| Profit (loss) carried forward | 14 | €1,135,552 | €1,224,787 | +€89,235 | +7.9% |
| Amounts payable | 17/49 | €881,080 | €801,038 | -€80,042 | -9.1% |
| Amounts payable after more than one year | 17 | €17,840 | €3,368 | -€14,472 | -81.1% |
| Financial debts | 170/4 | €17,840 | €3,368 | -€14,472 | -81.1% |
| Credit institutions | 173 | €17,840 | €3,368 | -€14,472 | -81.1% |
| Amounts payable within one year | 42/48 | €863,240 | €753,121 | -€110,119 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €13,887 | €14,472 | +€585 | +4.2% |
| Trade debts | 44 | €8,967 | €6,293 | -€2,674 | -29.8% |
| Suppliers | 440/4 | €8,967 | €6,293 | -€2,674 | -29.8% |
| Taxes, remuneration and social security | 45 | €68,524 | €20,392 | -€48,132 | -70.2% |
| Taxes | 450/3 | €65,540 | €12,212 | -€53,328 | -81.4% |
| Remuneration and social security | 454/9 | €2,984 | €8,180 | +€5,196 | +174% |
| Other amounts payable | 47/48 | €771,861 | €711,964 | -€59,897 | -7.8% |
| Accrued charges and deferred income | 492/3 | - | €44,549 | +€44,549 | |
| Operating income | 70/76A | €326,465 | €391,405 | +€64,940 | +19.9% |
| Turnover | 70 | €315,750 | €386,750 | +€71,000 | +22.5% |
| Other operating income | 74 | €10,715 | €4,655 | -€6,060 | -56.6% |
| Operating charges | 60/66A | €173,136 | €188,791 | +€15,655 | +9.0% |
| Services and other goods | 61 | €127,020 | €145,336 | +€18,316 | +14.4% |
| Remuneration, social security and pensions | 62 | €22,309 | €20,924 | -€1,385 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,401 | €21,314 | -€87 | -0.4% |
| Other operating charges | 640/8 | €2,406 | €1,217 | -€1,189 | -49.4% |
| Operating profit (loss) | 9901 | €153,329 | €202,614 | +€49,285 | +32.1% |
| Financial income | 75/76B | €125,965 | €200,002 | +€74,037 | +58.8% |
| Recurring financial income | 75 | €125,965 | €200,002 | +€74,037 | +58.8% |
| Income from financial fixed assets | 750 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Income from current assets | 751 | €964 | €1 | -€963 | -99.9% |
| Other financial income | 752/9 | €1 | €1 | +€1 | +100% |
| Financial charges | 65/66B | €5,516 | €46,199 | +€40,683 | +738% |
| Recurring financial charges | 65 | €5,516 | €46,199 | +€40,683 | +738% |
| Debt charges | 650 | €5,180 | - | -€5,180 | |
| Other financial charges | 652/9 | €336 | €46,199 | +€45,863 | +13,656% |
| Profit (loss) for the period before taxes | 9903 | €273,778 | €356,417 | +€82,639 | +30.2% |
| Income taxes | 67/77 | €37,647 | €41,402 | +€3,755 | +10.0% |
| Taxes | 670/3 | €37,647 | €41,402 | +€3,755 | +10.0% |
| Profit (loss) for the period | 9904 | €236,131 | €315,015 | +€78,884 | +33.4% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €75,780 | -€29,470 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,881 | €239,235 | +€108,354 | +82.8% |
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.