DR. AN CARLIER: 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. AN CARLIER
Largest movements
- Cash +€109,069
up €109,069 (+89.0%), from €122,580 to €231,649
mainly Other debts (+€193,429) and Net result for the year (+€172,617)
- Receivables within one year -€101,577
down €101,577 (-91.1%), from €111,477 to €9,900
- Current investments +€24,220
up €24,220 (+146%), from €16,570 to €40,790
- Tangible fixed assets -€8,592
down €8,592 (-14.0%), from €61,234 to €52,642
of which Other tangible fixed assets: -€4,540
- Other debts +€193,429
up €193,429 (+172%), from €112,200 to €305,629
- Reserves -€182,903
no longer reported in 2025 (was €182,903)
- Tax, wage and social debts +€10,065
up €10,065 (+21.8%), from €46,179 to €56,245
- Gross operating margin -€31,157
down €31,157 (-11.8%), from €264,332 to €233,174
- Taxes -€10,096
down €10,096 (-16.3%), from €61,905 to €51,809
- Financial income -€6,880
down €6,880 (-86.0%), from €8,004 to €1,124
- Depreciation -€5,878
down €5,878 (-40.6%), from €14,471 to €8,592
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 | €342,622 | €362,905 | +€20,283 | +5.9% |
| Fixed assets | 21/28 | €61,234 | €52,642 | -€8,592 | -14.0% |
| Tangible fixed assets | 22/27 | €61,234 | €52,642 | -€8,592 | -14.0% |
| Plant, machinery and equipment | 23 | €1,287 | €287 | -€1,000 | -77.7% |
| Furniture and vehicles | 24 | €12,420 | €9,368 | -€3,052 | -24.6% |
| Other tangible fixed assets | 26 | €47,528 | €42,987 | -€4,540 | -9.6% |
| Current assets | 29/58 | €281,387 | €310,263 | +€28,876 | +10.3% |
| Amounts receivable within one year | 40/41 | €111,477 | €9,900 | -€101,577 | -91.1% |
| Other amounts receivable | 41 | €111,477 | €9,900 | -€101,577 | -91.1% |
| Current investments | 50/53 | €16,570 | €40,790 | +€24,220 | +146% |
| Cash at bank and in hand | 54/58 | €122,580 | €231,649 | +€109,069 | +89.0% |
| Deferred charges and accrued income | 490/1 | €30,761 | €27,924 | -€2,837 | -9.2% |
| Total equity and liabilities | 10/49 | €342,622 | €362,905 | +€20,283 | +5.9% |
| Equity | 10/15 | €183,003 | €100 | -€182,903 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €182,903 | - | -€182,903 | |
| Distributable reserves | 133 | €182,903 | - | -€182,903 | |
| Amounts payable | 17/49 | €159,619 | €362,805 | +€203,186 | +127% |
| Amounts payable within one year | 42/48 | €159,189 | €362,360 | +€203,171 | +128% |
| Trade debts | 44 | €809 | €486 | -€323 | -39.9% |
| Suppliers | 440/4 | €809 | €486 | -€323 | -39.9% |
| Taxes, remuneration and social security | 45 | €46,179 | €56,245 | +€10,065 | +21.8% |
| Taxes | 450/3 | €46,179 | €56,245 | +€10,065 | +21.8% |
| Other amounts payable | 47/48 | €112,200 | €305,629 | +€193,429 | +172% |
| Accrued charges and deferred income | 492/3 | €430 | €445 | +€15 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,471 | €8,592 | -€5,878 | -40.6% |
| Other operating charges | 640/8 | €992 | €1,129 | +€137 | +13.9% |
| Gross operating margin | 9900 | €264,332 | €233,174 | -€31,157 | -11.8% |
| Operating profit (loss) | 9901 | €248,869 | €223,453 | -€25,416 | -10.2% |
| Financial income | 75/76B | €8,004 | €1,124 | -€6,880 | -86.0% |
| Recurring financial income | 75 | €8,004 | €1,124 | -€6,880 | -86.0% |
| Financial charges | 65/66B | €85 | €150 | +€65 | +77.3% |
| Recurring financial charges | 65 | €85 | €150 | +€65 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €256,789 | €224,427 | -€32,362 | -12.6% |
| Income taxes | 67/77 | €61,905 | €51,809 | -€10,096 | -16.3% |
| Profit (loss) for the period | 9904 | €194,884 | €172,617 | -€22,266 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,884 | €172,617 | -€22,266 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.