DOBBELAERE Patrick: 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.
DOBBELAERE Patrick
Largest movements
- Cash -€48,240
down €48,240 (-33.2%), from €145,285 to €97,045
mainly Investment in fixed assets (net) (-€433,656) and Debts after one year (-€172,430)
- Receivables within one year -€43,891
down €43,891 (-11.8%), from €370,577 to €326,687
of which Trade receivables: -€50,383
- Tangible fixed assets +€23,648
up €23,648 (+1.7%), from €1.4m to €1.4m
of which Furniture and vehicles: +€125,154
- Debts after one year -€172,430
down €172,430 (-18.9%), from €911,735 to €739,304
- Trade debts +€127,752
up €127,752 (+197%), from €64,807 to €192,559
- Other debts -€97,012
down €97,012 (-87.8%), from €110,495 to €13,483
- Current portion of long-term debt +€66,776
up €66,776 (+28.1%), from €237,539 to €304,314
- Reserves +€48,040
up €48,040 (+51.3%), from €93,643 to €141,683
of which Distributable reserves: +€45,000
- Depreciation +€100,699
up €100,699 (+32.6%), from €309,310 to €410,008
- Gross operating margin -€17,606
down €17,606 (-2.7%), from €644,975 to €627,370
- Staff costs -€16,223
down €16,223 (-15.7%), from €103,016 to €86,793
- Financial charges -€14,805
down €14,805 (-26.6%), from €55,605 to €40,800
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 | €1,914,773 | €1,846,150 | -€68,623 | -3.6% |
| Fixed assets | 21/28 | €1,398,770 | €1,422,418 | +€23,648 | +1.7% |
| Tangible fixed assets | 22/27 | €1,397,597 | €1,421,245 | +€23,648 | +1.7% |
| Land and buildings | 22 | €140,396 | €130,621 | -€9,775 | -7.0% |
| Plant, machinery and equipment | 23 | €6,298 | €2,382 | -€3,916 | -62.2% |
| Furniture and vehicles | 24 | €29,184 | €154,338 | +€125,154 | +429% |
| Leasing and similar rights | 25 | €1,221,719 | €1,133,905 | -€87,814 | -7.2% |
| Financial fixed assets | 28 | €1,173 | €1,173 | = | 0.0% |
| Current assets | 29/58 | €516,003 | €423,732 | -€92,271 | -17.9% |
| Amounts receivable within one year | 40/41 | €370,577 | €326,687 | -€43,891 | -11.8% |
| Trade receivables | 40 | €370,577 | €320,194 | -€50,383 | -13.6% |
| Other amounts receivable | 41 | - | €6,492 | +€6,492 | |
| Cash at bank and in hand | 54/58 | €145,285 | €97,045 | -€48,240 | -33.2% |
| Deferred charges and accrued income | 490/1 | €141 | - | -€141 | |
| Total equity and liabilities | 10/49 | €1,914,773 | €1,846,150 | -€68,623 | -3.6% |
| Equity | 10/15 | €467,186 | €517,612 | +€50,426 | +10.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €93,643 | €141,683 | +€48,040 | +51.3% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,643 | €93,683 | +€3,040 | +3.4% |
| Distributable reserves | 133 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €343,543 | €345,929 | +€2,386 | +0.7% |
| Provisions and deferred taxes | 16 | €30,214 | €31,228 | +€1,013 | +3.4% |
| Deferred taxes | 168 | €30,214 | €31,228 | +€1,013 | +3.4% |
| Amounts payable | 17/49 | €1,417,372 | €1,297,310 | -€120,062 | -8.5% |
| Amounts payable after more than one year | 17 | €911,735 | €739,304 | -€172,430 | -18.9% |
| Financial debts | 170/4 | €911,735 | €739,304 | -€172,430 | -18.9% |
| Amounts payable within one year | 42/48 | €471,411 | €523,779 | +€52,368 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €237,539 | €304,314 | +€66,776 | +28.1% |
| Trade debts | 44 | €64,807 | €192,559 | +€127,752 | +197% |
| Suppliers | 440/4 | €64,807 | €192,559 | +€127,752 | +197% |
| Taxes, remuneration and social security | 45 | €58,570 | €13,423 | -€45,148 | -77.1% |
| Taxes | 450/3 | €47,774 | €4,827 | -€42,948 | -89.9% |
| Remuneration and social security | 454/9 | €10,796 | €8,596 | -€2,200 | -20.4% |
| Other amounts payable | 47/48 | €110,495 | €13,483 | -€97,012 | -87.8% |
| Accrued charges and deferred income | 492/3 | €34,227 | €34,227 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €103,016 | €86,793 | -€16,223 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,310 | €410,008 | +€100,699 | +32.6% |
| Other operating charges | 640/8 | €31,901 | €33,690 | +€1,789 | +5.6% |
| Gross operating margin | 9900 | €644,975 | €627,370 | -€17,606 | -2.7% |
| Operating profit (loss) | 9901 | €200,749 | €96,878 | -€103,870 | -51.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €55,605 | €40,800 | -€14,805 | -26.6% |
| Recurring financial charges | 65 | €55,605 | €40,800 | -€14,805 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €145,144 | €56,079 | -€89,065 | -61.4% |
| Transfer from deferred taxes | 780 | €1,500 | €3,487 | +€1,987 | +132% |
| Transfer to deferred taxes | 680 | €25,714 | €4,500 | -€21,214 | -82.5% |
| Income taxes | 67/77 | - | €4,640 | +€4,640 | |
| Profit (loss) for the period | 9904 | €120,930 | €50,426 | -€70,504 | -58.3% |
| Transfer from tax-exempt reserves | 789 | €4,500 | €10,460 | +€5,960 | +132% |
| Transfer to tax-exempt reserves | 689 | €77,143 | €13,500 | -€63,643 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,287 | €47,386 | -€901 | -1.9% |
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 14 October 2026 via checked.be.