D-consulT: what changed
D-consulT
Largest movements
- Receivables within one year +€112,473
up €112,473 (+24.6%), from €457,819 to €570,292
of which Other amounts receivable: +€100,962
- Cash -€74,422
down €74,422 (-40.7%), from €183,070 to €108,648
mainly Receivables within one year (-€112,473) and Contributions, distributions and other (-€76,745)
- Receivables after one year -€30,263
down €30,263 (-56.8%), from €53,275 to €23,012
- Tangible fixed assets -€15,729
down €15,729 (-26.6%), from €59,213 to €43,484
of which Land and buildings: -€8,559
- Debts after one year -€27,881
down €27,881 (-32.6%), from €85,541 to €57,661
- Reserves +€9,410
up €9,410 (+1.3%), from €720,424 to €729,834
of which Distributable reserves: +€9,410
- Other debts +€8,939
up €8,939 (+118%), from €7,574 to €16,513
- Gross operating margin -€37,562
down €37,562 (-23.1%), from €162,651 to €125,088
- Financial income +€13,663
up €13,663 (+92.1%), from €14,841 to €28,504
- Taxes -€6,536
down €6,536 (-12.9%), from €50,664 to €44,128
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €854,544 | €848,448 | -€6,096 | -0.7% |
| Fixed assets | 21/28 | €59,213 | €43,484 | -€15,729 | -26.6% |
| Tangible fixed assets | 22/27 | €59,213 | €43,484 | -€15,729 | -26.6% |
| Land and buildings | 22 | €30,533 | €21,974 | -€8,559 | -28.0% |
| Plant, machinery and equipment | 23 | €28,680 | €21,510 | -€7,170 | -25.0% |
| Current assets | 29/58 | €795,330 | €804,964 | +€9,634 | +1.2% |
| Amounts receivable after more than one year | 29 | €53,275 | €23,012 | -€30,263 | -56.8% |
| Other amounts receivable | 291 | €53,275 | €23,012 | -€30,263 | -56.8% |
| Amounts receivable within one year | 40/41 | €457,819 | €570,292 | +€112,473 | +24.6% |
| Trade receivables | 40 | €18 | €11,529 | +€11,511 | +65,589% |
| Other amounts receivable | 41 | €457,801 | €558,763 | +€100,962 | +22.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,070 | €108,648 | -€74,422 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,166 | €3,012 | +€1,846 | +158% |
| Total equity and liabilities | 10/49 | €854,544 | €848,448 | -€6,096 | -0.7% |
| Equity | 10/15 | €726,624 | €736,034 | +€9,410 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €720,424 | €729,834 | +€9,410 | +1.3% |
| Tax-exempt reserves | 132 | €9,811 | €9,811 | = | 0.0% |
| Distributable reserves | 133 | €710,613 | €720,023 | +€9,410 | +1.3% |
| Amounts payable | 17/49 | €127,919 | €112,413 | -€15,506 | -12.1% |
| Amounts payable after more than one year | 17 | €85,541 | €57,661 | -€27,881 | -32.6% |
| Financial debts | 170/4 | €85,541 | €57,661 | -€27,881 | -32.6% |
| Amounts payable within one year | 42/48 | €42,378 | €54,753 | +€12,375 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €26,733 | €27,881 | +€1,148 | +4.3% |
| Trade debts | 44 | €4,466 | €4,446 | -€21 | -0.5% |
| Suppliers | 440/4 | €4,466 | €4,446 | -€21 | -0.5% |
| Taxes, remuneration and social security | 45 | €3,606 | €5,914 | +€2,308 | +64.0% |
| Taxes | 450/3 | €3,606 | €5,914 | +€2,308 | +64.0% |
| Other amounts payable | 47/48 | €7,574 | €16,513 | +€8,939 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,729 | €15,729 | = | 0.0% |
| Other operating charges | 640/8 | €1,721 | €1,593 | -€128 | -7.5% |
| Gross operating margin | 9900 | €162,651 | €125,088 | -€37,562 | -23.1% |
| Operating profit (loss) | 9901 | €145,200 | €107,766 | -€37,434 | -25.8% |
| Financial income | 75/76B | €14,841 | €28,504 | +€13,663 | +92.1% |
| Recurring financial income | 75 | €14,841 | €28,504 | +€13,663 | +92.1% |
| Financial charges | 65/66B | €7,053 | €5,987 | -€1,065 | -15.1% |
| Recurring financial charges | 65 | €7,053 | €5,987 | -€1,065 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €152,989 | €130,283 | -€22,706 | -14.8% |
| Income taxes | 67/77 | €50,664 | €44,128 | -€6,536 | -12.9% |
| Profit (loss) for the period | 9904 | €102,325 | €86,155 | -€16,170 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,325 | €86,155 | -€16,170 | -15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.