DR. AN LOONES: 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 LOONES
Largest movements
- Cash +€73,005
up €73,005 (+66.9%), from €109,076 to €182,081
mainly Net result for the year (+€96,237) and Depreciation (+€1,495)
- Current investments +€10,500
up €10,500 (+21.0%), from €50,000 to €60,500
- Deferred charges and accrued income +€6,870
up €6,870 (+71.9%), from €9,554 to €16,425
- Tangible fixed assets +€3,874
up €3,874 (+1,579%), from €245 to €4,120
of which Furniture and vehicles: +€3,875
- Reserves +€96,237
up €96,237 (+60.8%), from €158,364 to €254,601
- Gross operating margin +€7,479
up €7,479 (+6.5%), from €114,758 to €122,237
- Taxes +€2,766
up €2,766 (+11.9%), from €23,145 to €25,910
- Depreciation -€2,076
down €2,076 (-58.1%), from €3,570 to €1,495
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 | €169,831 | €266,726 | +€96,895 | +57.1% |
| Fixed assets | 21/28 | €245 | €4,120 | +€3,874 | +1,579% |
| Tangible fixed assets | 22/27 | €245 | €4,120 | +€3,874 | +1,579% |
| Plant, machinery and equipment | 23 | €1 | - | -€1 | |
| Furniture and vehicles | 24 | €244 | €4,120 | +€3,875 | +1,585% |
| Current assets | 29/58 | €169,585 | €262,607 | +€93,021 | +54.9% |
| Amounts receivable within one year | 40/41 | €955 | €3,601 | +€2,646 | +277% |
| Other amounts receivable | 41 | €955 | €3,601 | +€2,646 | +277% |
| Current investments | 50/53 | €50,000 | €60,500 | +€10,500 | +21.0% |
| Cash at bank and in hand | 54/58 | €109,076 | €182,081 | +€73,005 | +66.9% |
| Deferred charges and accrued income | 490/1 | €9,554 | €16,425 | +€6,870 | +71.9% |
| Total equity and liabilities | 10/49 | €169,831 | €266,726 | +€96,895 | +57.1% |
| Equity | 10/15 | €160,364 | €256,601 | +€96,237 | +60.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €158,364 | €254,601 | +€96,237 | +60.8% |
| Distributable reserves | 133 | €158,364 | €254,601 | +€96,237 | +60.8% |
| Amounts payable | 17/49 | €9,467 | €10,125 | +€658 | +7.0% |
| Amounts payable within one year | 42/48 | €8,968 | €10,125 | +€1,157 | +12.9% |
| Trade debts | 44 | €1,058 | €1,509 | +€452 | +42.7% |
| Suppliers | 440/4 | €1,058 | €1,509 | +€452 | +42.7% |
| Taxes, remuneration and social security | 45 | €4,028 | €3,875 | -€153 | -3.8% |
| Taxes | 450/3 | €4,028 | €3,875 | -€153 | -3.8% |
| Other amounts payable | 47/48 | €3,882 | €4,741 | +€859 | +22.1% |
| Accrued charges and deferred income | 492/3 | €499 | - | -€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,570 | €1,495 | -€2,076 | -58.1% |
| Other operating charges | 640/8 | €777 | €612 | -€165 | -21.2% |
| Gross operating margin | 9900 | €114,758 | €122,237 | +€7,479 | +6.5% |
| Operating profit (loss) | 9901 | €110,411 | €120,131 | +€9,720 | +8.8% |
| Financial income | 75/76B | €1,132 | €2,186 | +€1,054 | +93.1% |
| Recurring financial income | 75 | €1,132 | €2,186 | +€1,054 | +93.1% |
| Financial charges | 65/66B | €583 | €169 | -€414 | -71.0% |
| Recurring financial charges | 65 | €583 | €169 | -€414 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €110,960 | €122,148 | +€11,188 | +10.1% |
| Income taxes | 67/77 | €23,145 | €25,910 | +€2,766 | +11.9% |
| Profit (loss) for the period | 9904 | €87,815 | €96,237 | +€8,422 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,815 | €96,237 | +€8,422 | +9.6% |
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 20 October 2026 via checked.be.