Dr. A. Dobbelaere: 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. Dobbelaere
Largest movements
- Cash +€156,177
up €156,177 (+439%), from €35,598 to €191,775
mainly Net result for the year (+€153,017) and Tax, wage and social debts (+€32,678)
- Deferred charges and accrued income +€16,482
up €16,482 (+92.6%), from €17,793 to €34,275
- Receivables within one year +€10,906
up €10,906 (+104%), from €10,506 to €21,413
- Profit (loss) carried forward +€153,017
up €153,017, from €0 to €153,017
- Tax, wage and social debts +€32,678
up €32,678 (+220%), from €14,835 to €47,513
of which Taxes: +€32,678
- Gross operating margin +€124,768
up €124,768 (+145%), from €86,149 to €210,917
- Taxes +€29,599
up €29,599 (+165%), from €17,913 to €47,513
- Other operating charges +€2,114
up €2,114, from €0 to €2,114
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 | €87,320 | €272,418 | +€185,098 | +212% |
| Fixed assets | 21/28 | €23,423 | €24,956 | +€1,533 | +6.5% |
| Tangible fixed assets | 22/27 | €22,823 | €24,356 | +€1,533 | +6.7% |
| Plant, machinery and equipment | 23 | €14,991 | - | -€14,991 | |
| Furniture and vehicles | 24 | €7,832 | €7,591 | -€242 | -3.1% |
| Other tangible fixed assets | 26 | - | €16,765 | +€16,765 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €63,897 | €247,462 | +€183,565 | +287% |
| Amounts receivable within one year | 40/41 | €10,506 | €21,413 | +€10,906 | +104% |
| Other amounts receivable | 41 | €10,506 | €21,413 | +€10,906 | +104% |
| Cash at bank and in hand | 54/58 | €35,598 | €191,775 | +€156,177 | +439% |
| Deferred charges and accrued income | 490/1 | €17,793 | €34,275 | +€16,482 | +92.6% |
| Total equity and liabilities | 10/49 | €87,320 | €272,418 | +€185,098 | +212% |
| Equity | 10/15 | €71,886 | €224,903 | +€153,017 | +213% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €68,386 | €68,386 | = | 0.0% |
| Distributable reserves | 133 | €68,386 | €68,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €153,017 | +€153,017 | |
| Amounts payable | 17/49 | €15,434 | €47,514 | +€32,081 | +208% |
| Amounts payable within one year | 42/48 | €15,434 | €47,514 | +€32,081 | +208% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €16 | €0 | -€16 | -100% |
| Suppliers | 440/4 | €16 | €0 | -€16 | -100% |
| Taxes, remuneration and social security | 45 | €14,835 | €47,513 | +€32,678 | +220% |
| Taxes | 450/3 | €14,835 | €47,513 | +€32,678 | +220% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €583 | €0 | -€583 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,205 | €7,705 | +€1,500 | +24.2% |
| Other operating charges | 640/8 | €0 | €2,114 | +€2,114 | |
| Non-recurring operating charges | 66A | - | €978 | +€978 | |
| Gross operating margin | 9900 | €86,149 | €210,917 | +€124,768 | +145% |
| Operating profit (loss) | 9901 | €79,944 | €200,119 | +€120,175 | +150% |
| Financial income | 75/76B | €14 | €850 | +€837 | +6,199% |
| Recurring financial income | 75 | €14 | €850 | +€837 | +6,199% |
| Financial charges | 65/66B | €77 | €440 | +€363 | +472% |
| Recurring financial charges | 65 | €77 | €440 | +€363 | +472% |
| Profit (loss) for the period before taxes | 9903 | €79,881 | €200,530 | +€120,649 | +151% |
| Income taxes | 67/77 | €17,913 | €47,513 | +€29,599 | +165% |
| Profit (loss) for the period | 9904 | €61,968 | €153,017 | +€91,049 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €61,968 | €153,017 | +€91,049 | +147% |
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 28 October 2026 via checked.be.