Dokter Ian Sysmans: 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.
Dokter Ian Sysmans
Largest movements
- Tangible fixed assets +€160,406
up €160,406 (+28.2%), from €567,819 to €728,225
of which Land and buildings: +€82,582
- Cash -€54,104
down €54,104 (-49.1%), from €110,155 to €56,051
mainly Investment in fixed assets (net) (-€188,508) and Debts after one year (-€17,184)
- Reserves +€127,851
up €127,851 (+90.2%), from €141,738 to €269,589
- Debts after one year -€17,184
down €17,184 (-3.8%), from €451,522 to €434,338
- Tax, wage and social debts -€14,092
down €14,092 (-77.1%), from €18,285 to €4,193
- Depreciation -€57,497
down €57,497 (-67.2%), from €85,599 to €28,102
- Gross operating margin +€31,680
up €31,680 (+16.7%), from €189,861 to €221,541
- Taxes +€20,376
up €20,376 (+117%), from €17,464 to €37,840
- Financial charges +€7,972
up €7,972 (+45.0%), from €17,714 to €25,686
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 | €690,659 | €792,718 | +€102,059 | +14.8% |
| Fixed assets | 21/28 | €567,819 | €728,225 | +€160,406 | +28.2% |
| Tangible fixed assets | 22/27 | €567,819 | €728,225 | +€160,406 | +28.2% |
| Land and buildings | 22 | €554,460 | €637,042 | +€82,582 | +14.9% |
| Plant, machinery and equipment | 23 | €3,790 | €2,511 | -€1,279 | -33.7% |
| Furniture and vehicles | 24 | €9,569 | €17,155 | +€7,586 | +79.3% |
| Assets under construction and advance payments | 27 | - | €71,517 | +€71,517 | |
| Current assets | 29/58 | €122,840 | €64,493 | -€58,347 | -47.5% |
| Cash at bank and in hand | 54/58 | €110,155 | €56,051 | -€54,104 | -49.1% |
| Deferred charges and accrued income | 490/1 | €12,685 | €8,442 | -€4,243 | -33.4% |
| Total equity and liabilities | 10/49 | €690,659 | €792,718 | +€102,059 | +14.8% |
| Equity | 10/15 | €144,738 | €272,589 | +€127,851 | +88.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €141,738 | €269,589 | +€127,851 | +90.2% |
| Distributable reserves | 133 | €141,738 | €269,589 | +€127,851 | +90.2% |
| Amounts payable | 17/49 | €545,921 | €520,129 | -€25,792 | -4.7% |
| Amounts payable after more than one year | 17 | €451,522 | €434,338 | -€17,184 | -3.8% |
| Financial debts | 170/4 | €451,522 | €434,338 | -€17,184 | -3.8% |
| Amounts payable within one year | 42/48 | €92,299 | €83,691 | -€8,608 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €17,862 | €18,586 | +€724 | +4.1% |
| Trade debts | 44 | €42 | €3,512 | +€3,470 | +8,262% |
| Suppliers | 440/4 | €42 | €3,512 | +€3,470 | +8,262% |
| Taxes, remuneration and social security | 45 | €18,285 | €4,193 | -€14,092 | -77.1% |
| Taxes | 450/3 | €18,285 | €4,193 | -€14,092 | -77.1% |
| Other amounts payable | 47/48 | €56,110 | €57,400 | +€1,290 | +2.3% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,599 | €28,102 | -€57,497 | -67.2% |
| Other operating charges | 640/8 | €656 | €2,084 | +€1,428 | +218% |
| Gross operating margin | 9900 | €189,861 | €221,541 | +€31,680 | +16.7% |
| Operating profit (loss) | 9901 | €103,606 | €191,355 | +€87,749 | +84.7% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €17,714 | €25,686 | +€7,972 | +45.0% |
| Recurring financial charges | 65 | €17,714 | €25,686 | +€7,972 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €85,892 | €165,691 | +€79,799 | +92.9% |
| Income taxes | 67/77 | €17,464 | €37,840 | +€20,376 | +117% |
| Profit (loss) for the period | 9904 | €68,428 | €127,851 | +€59,423 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,428 | €127,851 | +€59,423 | +86.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.