DR. AN LEYS: 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 LEYS
Largest movements
- Cash +€83,880
up €83,880 (+124%), from €67,730 to €151,609
mainly Net result for the year (+€98,792) and Tax, wage and social debts (+€12,132)
- Receivables within one year +€16,559
up €16,559 (+713%), from €2,323 to €18,882
of which Other amounts receivable: +€16,549
- Deferred charges and accrued income +€6,323
up €6,323 (+18.6%), from €34,066 to €40,389
- Current investments +€3,000
new in 2025: €3,000
- Reserves +€97,959
up €97,959 (+102%), from €95,673 to €193,632
- Tax, wage and social debts +€12,132
up €12,132 (+2,597%), from €467 to €12,599
- Gross operating margin +€55,705
up €55,705 (+72.3%), from €77,029 to €132,734
- Taxes +€14,632
up €14,632 (+81.4%), from €17,967 to €32,599
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 | €105,269 | €214,771 | +€109,502 | +104% |
| Fixed assets | 21/28 | €1,150 | €890 | -€260 | -22.6% |
| Tangible fixed assets | 22/27 | €1,150 | €890 | -€260 | -22.6% |
| Furniture and vehicles | 24 | €1,150 | €890 | -€260 | -22.6% |
| Current assets | 29/58 | €104,119 | €213,881 | +€109,762 | +105% |
| Amounts receivable within one year | 40/41 | €2,323 | €18,882 | +€16,559 | +713% |
| Trade receivables | 40 | €2,323 | €2,333 | +€10 | +0.4% |
| Other amounts receivable | 41 | - | €16,549 | +€16,549 | |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €67,730 | €151,609 | +€83,880 | +124% |
| Deferred charges and accrued income | 490/1 | €34,066 | €40,389 | +€6,323 | +18.6% |
| Total equity and liabilities | 10/49 | €105,269 | €214,771 | +€109,502 | +104% |
| Equity | 10/15 | €99,673 | €197,632 | +€97,959 | +98.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €95,673 | €193,632 | +€97,959 | +102% |
| Distributable reserves | 133 | €95,673 | €193,632 | +€97,959 | +102% |
| Amounts payable | 17/49 | €5,596 | €17,139 | +€11,543 | +206% |
| Amounts payable within one year | 42/48 | €5,596 | €16,508 | +€10,912 | +195% |
| Taxes, remuneration and social security | 45 | €467 | €12,599 | +€12,132 | +2,597% |
| Taxes | 450/3 | €467 | €12,599 | +€12,132 | +2,597% |
| Other amounts payable | 47/48 | €5,129 | €3,909 | -€1,220 | -23.8% |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €260 | +€110 | +73.8% |
| Other operating charges | 640/8 | €705 | €1,019 | +€313 | +44.4% |
| Gross operating margin | 9900 | €77,029 | €132,734 | +€55,705 | +72.3% |
| Operating profit (loss) | 9901 | €76,174 | €131,455 | +€55,281 | +72.6% |
| Financial charges | 65/66B | €72 | €64 | -€8 | -11.3% |
| Recurring financial charges | 65 | €72 | €64 | -€8 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €76,102 | €131,391 | +€55,289 | +72.7% |
| Income taxes | 67/77 | €17,967 | €32,599 | +€14,632 | +81.4% |
| Profit (loss) for the period | 9904 | €58,135 | €98,792 | +€40,657 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,135 | €98,792 | +€40,657 | +69.9% |
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 15 October 2026 via checked.be.