ANNICK DEBUYSSCHER: 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.
ANNICK DEBUYSSCHER
Largest movements
- Tangible fixed assets +€66,959
up €66,959 (+42.6%), from €157,004 to €223,963
of which Land and buildings: +€72,547
- Cash +€23,451
up €23,451 (+7.2%), from €324,080 to €347,531
mainly Net result for the year (+€147,828) and Other debts (+€140,059)
- Other debts +€140,059
up €140,059 (+23.5%), from €597,238 to €737,297
- Reserves -€62,172
down €62,172 (-5.4%), from €1.2m to €1.1m
of which Distributable reserves: -€62,172
- Financial charges +€9,723
up €9,723, from -€3,637 to €6,086
- Gross operating margin -€6,680
down €6,680 (-3.0%), from €222,727 to €216,046
- Taxes -€4,811
down €4,811 (-6.4%), from €75,117 to €70,306
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 | €1,773,274 | €1,863,228 | +€89,954 | +5.1% |
| Fixed assets | 21/28 | €157,004 | €223,963 | +€66,959 | +42.6% |
| Tangible fixed assets | 22/27 | €157,004 | €223,963 | +€66,959 | +42.6% |
| Land and buildings | 22 | €133,053 | €205,600 | +€72,547 | +54.5% |
| Furniture and vehicles | 24 | €5,233 | €1,985 | -€3,248 | -62.1% |
| Other tangible fixed assets | 26 | €18,718 | €16,378 | -€2,340 | -12.5% |
| Current assets | 29/58 | €1,616,270 | €1,639,264 | +€22,995 | +1.4% |
| Amounts receivable within one year | 40/41 | €35,647 | €35,047 | -€600 | -1.7% |
| Trade receivables | 40 | €3,270 | €0 | -€3,270 | -100% |
| Other amounts receivable | 41 | €32,377 | €35,047 | +€2,670 | +8.2% |
| Current investments | 50/53 | €1,255,300 | €1,255,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €324,080 | €347,531 | +€23,451 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,242 | €1,386 | +€144 | +11.6% |
| Total equity and liabilities | 10/49 | €1,773,274 | €1,863,228 | +€89,954 | +5.1% |
| Equity | 10/15 | €1,172,266 | €1,110,094 | -€62,172 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,152,728 | €1,090,555 | -€62,172 | -5.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,150,868 | €1,088,696 | -€62,172 | -5.4% |
| Profit (loss) carried forward | 14 | €7,138 | €7,138 | = | 0.0% |
| Amounts payable | 17/49 | €601,008 | €753,134 | +€152,127 | +25.3% |
| Amounts payable within one year | 42/48 | €601,008 | €753,134 | +€152,127 | +25.3% |
| Trade debts | 44 | €3,770 | €9,837 | +€6,067 | +161% |
| Suppliers | 440/4 | €3,770 | €9,837 | +€6,067 | +161% |
| Taxes, remuneration and social security | 45 | €0 | €6,000 | +€6,000 | |
| Taxes | 450/3 | €0 | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €597,238 | €737,297 | +€140,059 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,497 | €16,280 | -€217 | -1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,775 | €2,670 | +€895 | +50.4% |
| Gross operating margin | 9900 | €222,727 | €216,046 | -€6,680 | -3.0% |
| Operating profit (loss) | 9901 | €204,455 | €197,096 | -€7,359 | -3.6% |
| Financial income | 75/76B | €28,293 | €27,123 | -€1,170 | -4.1% |
| Recurring financial income | 75 | €28,293 | €27,123 | -€1,170 | -4.1% |
| Financial charges | 65/66B | -€3,637 | €6,086 | +€9,723 | |
| Recurring financial charges | 65 | -€3,637 | €6,086 | +€9,723 | |
| Profit (loss) for the period before taxes | 9903 | €236,385 | €218,134 | -€18,252 | -7.7% |
| Income taxes | 67/77 | €75,117 | €70,306 | -€4,811 | -6.4% |
| Profit (loss) for the period | 9904 | €161,268 | €147,828 | -€13,441 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,268 | €147,828 | -€13,441 | -8.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.