DR. A. DEBROCK: 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. DEBROCK
Largest movements
- Current investments +€250,000
up €250,000 (+45.5%), from €550,000 to €800,000
- Cash -€212,202
down €212,202 (-75.5%), from €281,104 to €68,902
mainly Current investments (-€250,000) and Other debts (-€46,537)
- Deferred charges and accrued income -€27,867
down €27,867 (-61.9%), from €44,994 to €17,126
- Tangible fixed assets -€26,575
down €26,575 (-15.9%), from €167,204 to €140,629
- Receivables within one year +€25,544
new in 2025: €25,544
- Reserves +€73,027
up €73,027 (+8.8%), from €828,864 to €901,891
- Other debts -€46,537
down €46,537 (-91.8%), from €50,673 to €4,137
- Trade debts -€16,893
down €16,893 (-88.9%), from €19,005 to €2,113
- Gross operating margin -€86,360
down €86,360 (-42.7%), from €202,335 to €115,976
- Taxes -€30,111
down €30,111 (-50.8%), from €59,231 to €29,120
- Depreciation +€10,422
up €10,422 (+64.5%), from €16,152 to €26,575
- Financial income +€5,610
up €5,610 (+35.4%), from €15,854 to €21,464
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 | €1,043,301 | €1,052,202 | +€8,900 | +0.9% |
| Fixed assets | 21/28 | €167,204 | €140,629 | -€26,575 | -15.9% |
| Tangible fixed assets | 22/27 | €167,204 | €140,629 | -€26,575 | -15.9% |
| Land and buildings | 22 | €77,433 | €68,313 | -€9,120 | -11.8% |
| Plant, machinery and equipment | 23 | €27,747 | €21,601 | -€6,146 | -22.2% |
| Furniture and vehicles | 24 | €62,023 | €50,714 | -€11,308 | -18.2% |
| Current assets | 29/58 | €876,098 | €911,573 | +€35,475 | +4.0% |
| Amounts receivable within one year | 40/41 | - | €25,544 | +€25,544 | |
| Other amounts receivable | 41 | - | €25,544 | +€25,544 | |
| Current investments | 50/53 | €550,000 | €800,000 | +€250,000 | +45.5% |
| Cash at bank and in hand | 54/58 | €281,104 | €68,902 | -€212,202 | -75.5% |
| Deferred charges and accrued income | 490/1 | €44,994 | €17,126 | -€27,867 | -61.9% |
| Total equity and liabilities | 10/49 | €1,043,301 | €1,052,202 | +€8,900 | +0.9% |
| Equity | 10/15 | €841,264 | €914,291 | +€73,027 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €828,864 | €901,891 | +€73,027 | +8.8% |
| Distributable reserves | 133 | €828,864 | €901,891 | +€73,027 | +8.8% |
| Amounts payable | 17/49 | €202,037 | €137,910 | -€64,127 | -31.7% |
| Amounts payable after more than one year | 17 | €81,666 | €77,420 | -€4,246 | -5.2% |
| Financial debts | 170/4 | €81,666 | €77,420 | -€4,246 | -5.2% |
| Amounts payable within one year | 42/48 | €120,371 | €60,490 | -€59,881 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €26,516 | €32,427 | +€5,912 | +22.3% |
| Trade debts | 44 | €19,005 | €2,113 | -€16,893 | -88.9% |
| Suppliers | 440/4 | €19,005 | €2,113 | -€16,893 | -88.9% |
| Taxes, remuneration and social security | 45 | €24,177 | €21,813 | -€2,363 | -9.8% |
| Taxes | 450/3 | €24,177 | €17,663 | -€6,513 | -26.9% |
| Remuneration and social security | 454/9 | - | €4,150 | +€4,150 | |
| Other amounts payable | 47/48 | €50,673 | €4,137 | -€46,537 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,152 | €26,575 | +€10,422 | +64.5% |
| Other operating charges | 640/8 | €5,134 | €5,134 | -€1 | 0.0% |
| Gross operating margin | 9900 | €202,335 | €115,976 | -€86,360 | -42.7% |
| Operating profit (loss) | 9901 | €181,049 | €84,267 | -€96,781 | -53.5% |
| Financial income | 75/76B | €15,854 | €21,464 | +€5,610 | +35.4% |
| Recurring financial income | 75 | €15,854 | €21,464 | +€5,610 | +35.4% |
| Financial charges | 65/66B | €2,731 | €3,584 | +€853 | +31.2% |
| Recurring financial charges | 65 | €2,731 | €3,584 | +€853 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €194,171 | €102,147 | -€92,024 | -47.4% |
| Income taxes | 67/77 | €59,231 | €29,120 | -€30,111 | -50.8% |
| Profit (loss) for the period | 9904 | €134,940 | €73,027 | -€61,913 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,940 | €73,027 | -€61,913 | -45.9% |
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 22 October 2026 via checked.be.