Dr. A. Deconinck: 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. Deconinck
Largest movements
- Cash +€28,600
up €28,600 (+36.7%), from €77,907 to €106,508
mainly Net result for the year (+€48,039) and Deferred charges and accrued income (+€10,581)
- Deferred charges and accrued income -€10,581
down €10,581 (-61.5%), from €17,217 to €6,636
- Receivables within one year -€10,109
down €10,109 (-38.1%), from €26,528 to €16,419
- Tangible fixed assets -€1,461
down €1,461 (-13.2%), from €11,070 to €9,610
of which Other tangible fixed assets: -€870
- Reserves +€46,319
up €46,319 (+65.7%), from €70,536 to €116,855
of which Distributable reserves: +€46,319
- Other debts -€28,896
down €28,896 (-96.0%), from €30,100 to €1,204
- Tax, wage and social debts -€10,344
down €10,344 (-66.8%), from €15,492 to €5,148
- Gross operating margin -€22,969
down €22,969 (-24.2%), from €94,960 to €71,991
- Taxes -€1,344
down €1,344 (-6.5%), from €20,608 to €19,264
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 | €133,922 | €140,372 | +€6,449 | +4.8% |
| Fixed assets | 21/28 | €12,270 | €10,810 | -€1,461 | -11.9% |
| Tangible fixed assets | 22/27 | €11,070 | €9,610 | -€1,461 | -13.2% |
| Plant, machinery and equipment | 23 | €2,308 | €1,560 | -€748 | -32.4% |
| Furniture and vehicles | 24 | €2,940 | €3,097 | +€157 | +5.4% |
| Other tangible fixed assets | 26 | €5,823 | €4,953 | -€870 | -14.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €121,652 | €129,562 | +€7,910 | +6.5% |
| Amounts receivable within one year | 40/41 | €26,528 | €16,419 | -€10,109 | -38.1% |
| Other amounts receivable | 41 | €26,528 | €16,419 | -€10,109 | -38.1% |
| Cash at bank and in hand | 54/58 | €77,907 | €106,508 | +€28,600 | +36.7% |
| Deferred charges and accrued income | 490/1 | €17,217 | €6,636 | -€10,581 | -61.5% |
| Total equity and liabilities | 10/49 | €133,922 | €140,372 | +€6,449 | +4.8% |
| Equity | 10/15 | €82,936 | €129,255 | +€46,319 | +55.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,536 | €116,855 | +€46,319 | +65.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €70,536 | €116,855 | +€46,319 | +65.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,986 | €11,117 | -€39,869 | -78.2% |
| Amounts payable within one year | 42/48 | €50,973 | €11,102 | -€39,871 | -78.2% |
| Trade debts | 44 | €5,381 | €4,750 | -€631 | -11.7% |
| Suppliers | 440/4 | €5,381 | €4,750 | -€631 | -11.7% |
| Taxes, remuneration and social security | 45 | €15,492 | €5,148 | -€10,344 | -66.8% |
| Taxes | 450/3 | €15,492 | €5,148 | -€10,344 | -66.8% |
| Other amounts payable | 47/48 | €30,100 | €1,204 | -€28,896 | -96.0% |
| Accrued charges and deferred income | 492/3 | €13 | €15 | +€2 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,680 | €2,549 | -€130 | -4.9% |
| Other operating charges | 640/8 | €541 | €513 | -€28 | -5.2% |
| Gross operating margin | 9900 | €94,960 | €71,991 | -€22,969 | -24.2% |
| Operating profit (loss) | 9901 | €91,739 | €68,928 | -€22,811 | -24.9% |
| Financial income | 75/76B | €1,099 | €1,181 | +€82 | +7.4% |
| Recurring financial income | 75 | €1,099 | €1,181 | +€82 | +7.4% |
| Financial charges | 65/66B | €3,308 | €2,807 | -€501 | -15.1% |
| Recurring financial charges | 65 | €3,308 | €2,807 | -€501 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €89,531 | €67,302 | -€22,228 | -24.8% |
| Income taxes | 67/77 | €20,608 | €19,264 | -€1,344 | -6.5% |
| Profit (loss) for the period | 9904 | €68,922 | €48,039 | -€20,884 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,922 | €48,039 | -€20,884 | -30.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.