Dorien D'Joos: 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.
Dorien D'Joos
Largest movements
- Cash +€156,884
up €156,884 (+142%), from €110,748 to €267,632
mainly Debts after one year (+€267,744) and Net result for the year (+€208,323)
- Receivables within one year -€18,101
down €18,101 (-6.2%), from €292,926 to €274,825
- Debts after one year +€267,744
up €267,744 (+64.6%), from €414,259 to €682,003
of which Other amounts payable: +€314,550
- Reserves -€156,677
down €156,677 (-29.8%), from €526,569 to €369,893
- Short-term financial debts +€20,287
new in 2025: €20,287
- Gross operating margin -€25,223
down €25,223 (-7.7%), from €328,847 to €303,623
- Financial income -€7,974
down €7,974 (-61.7%), from €12,927 to €4,953
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 | €1,090,392 | €1,231,850 | +€141,457 | +13.0% |
| Fixed assets | 21/28 | €685,300 | €688,425 | +€3,125 | +0.5% |
| Tangible fixed assets | 22/27 | €2,300 | €5,425 | +€3,125 | +136% |
| Land and buildings | 22 | - | €3,989 | +€3,989 | |
| Furniture and vehicles | 24 | €2,300 | €1,436 | -€864 | -37.6% |
| Financial fixed assets | 28 | €683,000 | €683,000 | = | 0.0% |
| Current assets | 29/58 | €405,093 | €543,425 | +€138,333 | +34.1% |
| Amounts receivable within one year | 40/41 | €292,926 | €274,825 | -€18,101 | -6.2% |
| Other amounts receivable | 41 | €292,926 | €274,825 | -€18,101 | -6.2% |
| Cash at bank and in hand | 54/58 | €110,748 | €267,632 | +€156,884 | +142% |
| Deferred charges and accrued income | 490/1 | €1,418 | €969 | -€450 | -31.7% |
| Total equity and liabilities | 10/49 | €1,090,392 | €1,231,850 | +€141,457 | +13.0% |
| Equity | 10/15 | €531,569 | €374,893 | -€156,677 | -29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €526,569 | €369,893 | -€156,677 | -29.8% |
| Distributable reserves | 133 | €526,569 | €369,893 | -€156,677 | -29.8% |
| Amounts payable | 17/49 | €558,823 | €856,957 | +€298,134 | +53.4% |
| Amounts payable after more than one year | 17 | €414,259 | €682,003 | +€267,744 | +64.6% |
| Financial debts | 170/4 | €376,259 | €329,453 | -€46,806 | -12.4% |
| Other amounts payable | 178/9 | €38,000 | €352,550 | +€314,550 | +828% |
| Amounts payable within one year | 42/48 | €136,350 | €165,786 | +€29,436 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €45,135 | €46,806 | +€1,671 | +3.7% |
| Financial debts | 43 | - | €20,287 | +€20,287 | |
| Credit institutions | 430/8 | - | €20,287 | +€20,287 | |
| Trade debts | 44 | €1,425 | €2,656 | +€1,231 | +86.4% |
| Suppliers | 440/4 | €1,425 | €2,656 | +€1,231 | +86.4% |
| Taxes, remuneration and social security | 45 | €88,849 | €94,221 | +€5,372 | +6.0% |
| Taxes | 450/3 | €88,849 | €94,221 | +€5,372 | +6.0% |
| Other amounts payable | 47/48 | €941 | €1,817 | +€876 | +93.1% |
| Accrued charges and deferred income | 492/3 | €8,214 | €9,167 | +€953 | +11.6% |
| Non-recurring operating income | 76A | - | €12,579 | +€12,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €1,268 | +€977 | +336% |
| Other operating charges | 640/8 | €5,467 | €2,544 | -€2,922 | -53.5% |
| Non-recurring operating charges | 66A | €23,693 | - | -€23,693 | |
| Gross operating margin | 9900 | €328,847 | €303,623 | -€25,223 | -7.7% |
| Operating profit (loss) | 9901 | €299,396 | €299,811 | +€415 | +0.1% |
| Financial income | 75/76B | €12,927 | €4,953 | -€7,974 | -61.7% |
| Recurring financial income | 75 | €12,927 | €4,953 | -€7,974 | -61.7% |
| Financial charges | 65/66B | €24,700 | €24,978 | +€278 | +1.1% |
| Recurring financial charges | 65 | €24,700 | €24,978 | +€278 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €287,622 | €279,786 | -€7,836 | -2.7% |
| Income taxes | 67/77 | €74,052 | €71,463 | -€2,589 | -3.5% |
| Profit (loss) for the period | 9904 | €213,570 | €208,323 | -€5,247 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €213,570 | €208,323 | -€5,247 | -2.5% |
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 24 October 2026 via checked.be.