Dr. BART DOSSCHE: what changed
Two fiscal 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. BART DOSSCHE
Largest movements
- Receivables within one year +€434,451
up €434,451 (+52.7%), from €824,062 to €1.3m
- Current investments -€200,006
down €200,006 (-98.6%), from €202,919 to €2,913
- Tangible fixed assets -€84,923
down €84,923 (-19.9%), from €427,307 to €342,384
of which Furniture and vehicles: -€67,050
- Cash +€23,749
up €23,749 (+127.3%), from €18,657 to €42,406
mainly Current investments (+€200,006) and Net result for the year (+€172,793)
- Reserves +€171,127
up €171,127 (+16.0%), from €1.1m to €1.2m
of which Distributable reserves: +€171,127
- Tax, wage and social debts +€95,307
up €95,307 (+117.1%), from €81,370 to €176,677
of which Taxes: +€98,557
- Debts after one year -€78,284
down €78,284 (-38.4%), from €203,796 to €125,512
- Gross operating margin +€88,496
up €88,496 (+30.5%), from €289,685 to €378,181
- Taxes +€21,442
up €21,442 (+27.7%), from €77,533 to €98,975
- Depreciation +€20,178
up €20,178 (+31.2%), from €64,745 to €84,923
- Other operating charges -€15,039
down €15,039 (-80.2%), from €18,744 to €3,705
- Financial charges +€8,941
up €8,941 (+86.9%), from €10,294 to €19,235
of which Financial charges: +€8,935
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.
Cash bridge derived
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 | €1,485,028 | €1,661,143 | +€176,115 | +11.9% |
| Fixed assets | 21/28 | €427,307 | €342,384 | -€84,923 | -19.9% |
| Tangible fixed assets | 22/27 | €427,307 | €342,384 | -€84,923 | -19.9% |
| Land and buildings | 22 | €135,857 | €118,809 | -€17,048 | -12.5% |
| Plant, machinery and equipment | 23 | €8,167 | €7,342 | -€825 | -10.1% |
| Furniture and vehicles | 24 | €283,283 | €216,233 | -€67,050 | -23.7% |
| Current assets | 29/58 | €1,057,721 | €1,318,759 | +€261,038 | +24.7% |
| Amounts receivable within one year | 40/41 | €824,062 | €1,258,513 | +€434,451 | +52.7% |
| Other amounts receivable | 41 | €824,062 | €1,258,513 | +€434,451 | +52.7% |
| Current investments | 50/53 | €202,919 | €2,913 | -€200,006 | -98.6% |
| Cash at bank and in hand | 54/58 | €18,657 | €42,406 | +€23,749 | +127.3% |
| Deferred charges and accrued income | 490/1 | €12,083 | €14,927 | +€2,844 | +23.5% |
| Total equity and liabilities | 10/49 | €1,485,028 | €1,661,143 | +€176,115 | +11.9% |
| Equity | 10/15 | €1,074,043 | €1,245,170 | +€171,127 | +15.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,067,837 | €1,238,964 | +€171,127 | +16.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,067,837 | €1,238,964 | +€171,127 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €29,186 | €29,186 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,186 | €29,186 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,186 | €29,186 | = | 0.0% |
| Amounts payable | 17/49 | €381,800 | €386,788 | +€4,988 | +1.3% |
| Amounts payable after more than one year | 17 | €203,796 | €125,512 | -€78,284 | -38.4% |
| Financial debts | 170/4 | €203,796 | €125,512 | -€78,284 | -38.4% |
| Amounts payable within one year | 42/48 | €178,004 | €261,275 | +€83,271 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €89,679 | €78,284 | -€11,395 | -12.7% |
| Trade debts | 44 | €5,289 | €4,648 | -€641 | -12.1% |
| Suppliers | 440/4 | €5,289 | €4,648 | -€641 | -12.1% |
| Taxes, remuneration and social security | 45 | €81,370 | €176,677 | +€95,307 | +117.1% |
| Taxes | 450/3 | €78,120 | €176,677 | +€98,557 | +126.2% |
| Remuneration and social security | 454/9 | €3,250 | €0 | -€3,250 | -100.0% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Non-recurring operating income | 76A | €50,464 | €0 | -€50,464 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,745 | €84,923 | +€20,178 | +31.2% |
| Other operating charges | 640/8 | €18,744 | €3,705 | -€15,039 | -80.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €289,685 | €378,181 | +€88,496 | +30.5% |
| Operating profit (loss) | 9901 | €206,196 | €289,553 | +€83,357 | +40.4% |
| Financial income | 75/76B | €3,765 | €1,450 | -€2,316 | -61.5% |
| Recurring financial income | 75 | €3,765 | €1,450 | -€2,316 | -61.5% |
| Financial charges | 65/66B | €10,294 | €19,235 | +€8,941 | +86.9% |
| Recurring financial charges | 65 | €10,294 | €19,229 | +€8,935 | +86.8% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €199,667 | €271,767 | +€72,101 | +36.1% |
| Income taxes | 67/77 | €77,533 | €98,975 | +€21,442 | +27.7% |
| Profit (loss) for the period | 9904 | €122,134 | €172,793 | +€50,659 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,134 | €172,793 | +€50,659 | +41.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.