ANTOINE DOOLAEGE: 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.
ANTOINE DOOLAEGE
Largest movements
- Receivables within one year -€108,897
down €108,897 (-70.2%), from €155,116 to €46,219
of which Other amounts receivable: -€100,528
- Tangible fixed assets -€23,913
down €23,913 (-16.9%), from €141,651 to €117,738
of which Land and buildings: -€16,703
- Cash +€17,887
up €17,887 (+22.2%), from €80,407 to €98,294
mainly Receivables within one year (+€108,897) and Depreciation (+€26,319)
- Other debts -€61,820
no longer reported in 2025 (was €61,820)
- Reserves -€56,863
down €56,863 (-18.1%), from €314,909 to €258,047
of which Non-distributable reserves: -€54,388
- Gross operating margin -€37,712
down €37,712 (-62.1%), from €60,768 to €23,055
- Taxes -€11,564
down €11,564 (-97.2%), from €11,893 to €329
- Financial income -€3,873
down €3,873 (-53.2%), from €7,277 to €3,404
- Depreciation +€1,995
up €1,995 (+8.2%), from €24,323 to €26,319
- Other operating charges +€1,832
up €1,832 (+96.8%), from €1,893 to €3,725
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 | €391,466 | €274,091 | -€117,376 | -30.0% |
| Fixed assets | 21/28 | €141,651 | €117,738 | -€23,913 | -16.9% |
| Tangible fixed assets | 22/27 | €141,651 | €117,738 | -€23,913 | -16.9% |
| Land and buildings | 22 | €102,540 | €85,837 | -€16,703 | -16.3% |
| Furniture and vehicles | 24 | €26,149 | €22,090 | -€4,059 | -15.5% |
| Other tangible fixed assets | 26 | €12,962 | €9,811 | -€3,150 | -24.3% |
| Current assets | 29/58 | €249,815 | €156,353 | -€93,463 | -37.4% |
| Amounts receivable within one year | 40/41 | €155,116 | €46,219 | -€108,897 | -70.2% |
| Trade receivables | 40 | €22,755 | €14,386 | -€8,369 | -36.8% |
| Other amounts receivable | 41 | €132,361 | €31,833 | -€100,528 | -75.9% |
| Cash at bank and in hand | 54/58 | €80,407 | €98,294 | +€17,887 | +22.2% |
| Deferred charges and accrued income | 490/1 | €14,292 | €11,840 | -€2,453 | -17.2% |
| Total equity and liabilities | 10/49 | €391,466 | €274,091 | -€117,376 | -30.0% |
| Equity | 10/15 | €327,309 | €268,585 | -€58,724 | -17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €314,909 | €258,047 | -€56,863 | -18.1% |
| Non-distributable reserves | 130/1 | €312,357 | €257,969 | -€54,388 | -17.4% |
| Other | 1319 | €312,357 | €257,969 | -€54,388 | -17.4% |
| Tax-exempt reserves | 132 | €77 | €77 | = | 0.0% |
| Distributable reserves | 133 | €2,475 | - | -€2,475 | |
| Profit (loss) carried forward | 14 | - | -€1,861 | -€1,861 | |
| Amounts payable | 17/49 | €64,157 | €5,505 | -€58,652 | -91.4% |
| Amounts payable within one year | 42/48 | €64,157 | €5,505 | -€58,652 | -91.4% |
| Trade debts | 44 | €444 | €1,621 | +€1,177 | +265% |
| Suppliers | 440/4 | €444 | €1,621 | +€1,177 | +265% |
| Taxes, remuneration and social security | 45 | €1,893 | €3,884 | +€1,991 | +105% |
| Taxes | 450/3 | €1,893 | €3,884 | +€1,991 | +105% |
| Other amounts payable | 47/48 | €61,820 | - | -€61,820 | |
| Non-recurring operating income | 76A | €3,200 | - | -€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,323 | €26,319 | +€1,995 | +8.2% |
| Other operating charges | 640/8 | €1,893 | €3,725 | +€1,832 | +96.8% |
| Non-recurring operating charges | 66A | €5,799 | €63 | -€5,736 | -98.9% |
| Gross operating margin | 9900 | €60,768 | €23,055 | -€37,712 | -62.1% |
| Operating profit (loss) | 9901 | €28,752 | -€7,052 | -€35,804 | |
| Financial income | 75/76B | €7,277 | €3,404 | -€3,873 | -53.2% |
| Recurring financial income | 75 | €7,277 | €3,404 | -€3,873 | -53.2% |
| Financial charges | 65/66B | €339 | €360 | +€21 | +6.1% |
| Recurring financial charges | 65 | €339 | €360 | +€21 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €35,690 | -€4,008 | -€39,698 | |
| Income taxes | 67/77 | €11,893 | €329 | -€11,564 | -97.2% |
| Profit (loss) for the period | 9904 | €23,798 | -€4,336 | -€28,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,798 | -€4,336 | -€28,134 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.