DR. B. BOCKSTAEL: 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. B. BOCKSTAEL
Largest movements
- Deferred charges and accrued income +€40,391
up €40,391 (+896%), from €4,510 to €44,900
- Cash +€21,920
up €21,920 (+63.7%), from €34,411 to €56,332
mainly Net result for the year (+€62,580) and Other debts (+€1,419)
- Receivables within one year +€3,856
up €3,856 (+58.5%), from €6,593 to €10,449
- Tangible fixed assets -€1,336
down €1,336 (-25.3%), from €5,273 to €3,936
of which Plant, machinery and equipment: -€1,148
- Reserves +€62,580
up €62,580 (+143%), from €43,877 to €106,456
- Other debts +€1,419
new in 2025: €1,419
- Gross operating margin +€44,797
up €44,797 (+123%), from €36,366 to €81,163
- Taxes +€8,722
up €8,722 (+116%), from €7,549 to €16,271
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 | €50,787 | €115,617 | +€64,831 | +128% |
| Fixed assets | 21/28 | €5,273 | €3,936 | -€1,336 | -25.3% |
| Tangible fixed assets | 22/27 | €5,273 | €3,936 | -€1,336 | -25.3% |
| Plant, machinery and equipment | 23 | €4,552 | €3,403 | -€1,148 | -25.2% |
| Furniture and vehicles | 24 | €721 | €533 | -€188 | -26.1% |
| Current assets | 29/58 | €45,514 | €111,681 | +€66,167 | +145% |
| Amounts receivable within one year | 40/41 | €6,593 | €10,449 | +€3,856 | +58.5% |
| Other amounts receivable | 41 | €6,593 | €10,449 | +€3,856 | +58.5% |
| Cash at bank and in hand | 54/58 | €34,411 | €56,332 | +€21,920 | +63.7% |
| Deferred charges and accrued income | 490/1 | €4,510 | €44,900 | +€40,391 | +896% |
| Total equity and liabilities | 10/49 | €50,787 | €115,617 | +€64,831 | +128% |
| Equity | 10/15 | €45,877 | €108,456 | +€62,580 | +136% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,877 | €106,456 | +€62,580 | +143% |
| Distributable reserves | 133 | €43,877 | €106,456 | +€62,580 | +143% |
| Amounts payable | 17/49 | €4,910 | €7,161 | +€2,251 | +45.8% |
| Amounts payable within one year | 42/48 | €4,910 | €7,161 | +€2,251 | +45.8% |
| Trade debts | 44 | €1,785 | €2,633 | +€848 | +47.5% |
| Suppliers | 440/4 | €1,785 | €2,633 | +€848 | +47.5% |
| Taxes, remuneration and social security | 45 | €3,125 | €3,109 | -€16 | -0.5% |
| Taxes | 450/3 | €3,125 | €3,109 | -€16 | -0.5% |
| Other amounts payable | 47/48 | - | €1,419 | +€1,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €1,336 | +€479 | +55.8% |
| Other operating charges | 640/8 | €405 | €820 | +€415 | +102% |
| Gross operating margin | 9900 | €36,366 | €81,163 | +€44,797 | +123% |
| Operating profit (loss) | 9901 | €35,104 | €79,007 | +€43,903 | +125% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.9% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.9% |
| Financial charges | 65/66B | €90 | €156 | +€66 | +72.9% |
| Recurring financial charges | 65 | €90 | €156 | +€66 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €35,050 | €78,851 | +€43,801 | +125% |
| Income taxes | 67/77 | €7,549 | €16,271 | +€8,722 | +116% |
| Profit (loss) for the period | 9904 | €27,501 | €62,580 | +€35,079 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €27,501 | €62,580 | +€35,079 | +128% |
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 23 October 2026 via checked.be.