DR. A. BOCHNER: 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.
DR. A. BOCHNER
Largest movements
- Current investments +€20,000
up €20,000 (+16.7%), from €120,000 to €140,000
- Cash +€7,227
up €7,227 (+11.4%), from €63,612 to €70,839
mainly Net result for the year (+€30,405) and Receivables within one year (+€2,581)
- Deferred charges and accrued income +€6,362
up €6,362 (+536%), from €1,186 to €7,549
- Reserves +€30,405
up €30,405 (+17.1%), from €177,581 to €207,987
of which Distributable reserves: +€30,405
- Gross operating margin +€21,049
up €21,049 (+42.7%), from €49,282 to €70,330
- Taxes +€3,118
up €3,118 (+20.4%), from €15,252 to €18,370
- Financial charges +€859
up €859 (+159%), from €540 to €1,400
- Other operating charges +€798
up €798 (+83.7%), from €953 to €1,750
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 | €253,169 | €281,752 | +€28,583 | +11.3% |
| Fixed assets | 21/28 | €10,062 | €7,637 | -€2,425 | -24.1% |
| Tangible fixed assets | 22/27 | €9,867 | €7,442 | -€2,425 | -24.6% |
| Land and buildings | 22 | €8,472 | €7,197 | -€1,275 | -15.0% |
| Plant, machinery and equipment | 23 | €1,395 | €245 | -€1,150 | -82.5% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €243,107 | €274,115 | +€31,008 | +12.8% |
| Amounts receivable after more than one year | 29 | €46,350 | €46,350 | = | 0.0% |
| Other amounts receivable | 291 | €46,350 | €46,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,959 | €9,377 | -€2,581 | -21.6% |
| Trade receivables | 40 | €0 | €7,748 | +€7,748 | |
| Other amounts receivable | 41 | €11,959 | €1,630 | -€10,329 | -86.4% |
| Current investments | 50/53 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €63,612 | €70,839 | +€7,227 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,186 | €7,549 | +€6,362 | +536% |
| Total equity and liabilities | 10/49 | €253,169 | €281,752 | +€28,583 | +11.3% |
| Equity | 10/15 | €249,542 | €279,947 | +€30,405 | +12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €177,581 | €207,987 | +€30,405 | +17.1% |
| Non-distributable reserves | 130/1 | €2,070 | €2,070 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,070 | €2,070 | = | 0.0% |
| Distributable reserves | 133 | €175,512 | €205,917 | +€30,405 | +17.3% |
| Profit (loss) carried forward | 14 | €59,561 | €59,561 | = | 0.0% |
| Amounts payable | 17/49 | €3,627 | €1,805 | -€1,822 | -50.2% |
| Amounts payable within one year | 42/48 | €3,627 | €1,805 | -€1,822 | -50.2% |
| Trade debts | 44 | €1,459 | €545 | -€913 | -62.6% |
| Suppliers | 440/4 | €1,459 | €545 | -€913 | -62.6% |
| Other amounts payable | 47/48 | €2,168 | €1,259 | -€909 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,425 | €2,425 | = | 0.0% |
| Other operating charges | 640/8 | €953 | €1,750 | +€798 | +83.7% |
| Non-recurring operating charges | 66A | - | €17,331 | +€17,331 | |
| Gross operating margin | 9900 | €49,282 | €70,330 | +€21,049 | +42.7% |
| Operating profit (loss) | 9901 | €45,904 | €48,824 | +€2,920 | +6.4% |
| Financial income | 75/76B | €1,350 | €1,351 | +€1 | +0.1% |
| Recurring financial income | 75 | €1,350 | €1,351 | +€1 | +0.1% |
| Financial charges | 65/66B | €540 | €1,400 | +€859 | +159% |
| Recurring financial charges | 65 | €540 | €1,400 | +€859 | +159% |
| Profit (loss) for the period before taxes | 9903 | €46,714 | €48,775 | +€2,061 | +4.4% |
| Income taxes | 67/77 | €15,252 | €18,370 | +€3,118 | +20.4% |
| Profit (loss) for the period | 9904 | €31,461 | €30,405 | -€1,056 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,461 | €30,405 | -€1,056 | -3.4% |
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 20 October 2026 via checked.be.