DR. B. Förste: 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. Förste
Largest movements
- Cash +€15,207
up €15,207 (+14.4%), from €105,670 to €120,878
mainly Depreciation (+€18,369) and Net result for the year (+€14,226)
- Tangible fixed assets -€14,844
down €14,844 (-40.6%), from €36,606 to €21,762
of which Furniture and vehicles: -€13,232
- Receivables within one year -€4,327
down €4,327 (-15.6%), from €27,720 to €23,393
of which Other amounts receivable: -€4,397
- Other debts +€12,144
up €12,144 (+1,150%), from €1,056 to €13,200
- Reserves -€5,794
down €5,794 (-4.2%), from €138,374 to €132,579
- Debts after one year -€5,637
no longer reported in 2025 (was €5,637)
- Current portion of long-term debt -€3,960
down €3,960 (-41.3%), from €9,597 to €5,637
- Trade debts -€1,858
down €1,858 (-45.8%), from €4,053 to €2,195
- Gross operating margin -€21,416
down €21,416 (-35.9%), from €59,628 to €38,213
- Taxes -€6,190
down €6,190 (-51.3%), from €12,077 to €5,886
- Financial income -€2,150
down €2,150 (-68.5%), from €3,139 to €989
- Depreciation +€1,054
up €1,054 (+6.1%), from €17,315 to €18,369
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 | €178,013 | €172,521 | -€5,491 | -3.1% |
| Fixed assets | 21/28 | €36,606 | €21,762 | -€14,844 | -40.6% |
| Tangible fixed assets | 22/27 | €36,606 | €21,762 | -€14,844 | -40.6% |
| Furniture and vehicles | 24 | €31,716 | €18,484 | -€13,232 | -41.7% |
| Other tangible fixed assets | 26 | €4,891 | €3,278 | -€1,612 | -33.0% |
| Current assets | 29/58 | €141,406 | €150,759 | +€9,353 | +6.6% |
| Amounts receivable within one year | 40/41 | €27,720 | €23,393 | -€4,327 | -15.6% |
| Trade receivables | 40 | - | €70 | +€70 | |
| Other amounts receivable | 41 | €27,720 | €23,323 | -€4,397 | -15.9% |
| Cash at bank and in hand | 54/58 | €105,670 | €120,878 | +€15,207 | +14.4% |
| Deferred charges and accrued income | 490/1 | €8,016 | €6,488 | -€1,528 | -19.1% |
| Total equity and liabilities | 10/49 | €178,013 | €172,521 | -€5,491 | -3.1% |
| Equity | 10/15 | €152,634 | €146,839 | -€5,794 | -3.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €138,374 | €132,579 | -€5,794 | -4.2% |
| Distributable reserves | 133 | €138,374 | €132,579 | -€5,794 | -4.2% |
| Amounts payable | 17/49 | €25,379 | €25,682 | +€303 | +1.2% |
| Amounts payable after more than one year | 17 | €5,637 | - | -€5,637 | |
| Financial debts | 170/4 | €5,637 | - | -€5,637 | |
| Amounts payable within one year | 42/48 | €19,742 | €25,682 | +€5,940 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €9,597 | €5,637 | -€3,960 | -41.3% |
| Trade debts | 44 | €4,053 | €2,195 | -€1,858 | -45.8% |
| Suppliers | 440/4 | €4,053 | €2,195 | -€1,858 | -45.8% |
| Taxes, remuneration and social security | 45 | €5,036 | €4,650 | -€386 | -7.7% |
| Taxes | 450/3 | €5,036 | €4,650 | -€386 | -7.7% |
| Other amounts payable | 47/48 | €1,056 | €13,200 | +€12,144 | +1,150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,315 | €18,369 | +€1,054 | +6.1% |
| Other operating charges | 640/8 | €509 | €531 | +€22 | +4.3% |
| Non-recurring operating charges | 66A | €1,298 | - | -€1,298 | |
| Gross operating margin | 9900 | €59,628 | €38,213 | -€21,416 | -35.9% |
| Operating profit (loss) | 9901 | €40,507 | €19,313 | -€21,194 | -52.3% |
| Financial income | 75/76B | €3,139 | €989 | -€2,150 | -68.5% |
| Recurring financial income | 75 | €3,139 | €989 | -€2,150 | -68.5% |
| Financial charges | 65/66B | €273 | €190 | -€83 | -30.5% |
| Recurring financial charges | 65 | €273 | €190 | -€83 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €43,373 | €20,112 | -€23,261 | -53.6% |
| Income taxes | 67/77 | €12,077 | €5,886 | -€6,190 | -51.3% |
| Profit (loss) for the period | 9904 | €31,296 | €14,226 | -€17,070 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,296 | €14,226 | -€17,070 | -54.5% |
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 26 October 2026 via checked.be.