DR. BERT DU PONT: 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. BERT DU PONT
Largest movements
- Cash +€103,693
up €103,693 (+67.4%), from €153,892 to €257,585
mainly Net result for the year (+€243,617) and Other debts (+€113,102)
- Tangible fixed assets -€9,719
down €9,719 (-40.9%), from €23,770 to €14,050
- Other debts +€113,102
up €113,102 (+76.3%), from €148,309 to €261,411
- Reserves -€16,383
down €16,383 (-6.2%), from €265,100 to €248,718
- Accrued charges and deferred income +€8,448
up €8,448 (+186%), from €4,553 to €13,001
- Debts after one year -€7,351
no longer reported in 2025 (was €7,351)
- Gross operating margin -€9,768
down €9,768 (-2.7%), from €360,501 to €350,733
- Financial charges +€8,332
up €8,332 (+166%), from €5,011 to €13,343
- Taxes -€4,300
down €4,300 (-5.1%), from €83,621 to €79,322
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 | €447,521 | €544,888 | +€97,367 | +21.8% |
| Fixed assets | 21/28 | €23,870 | €14,150 | -€9,719 | -40.7% |
| Tangible fixed assets | 22/27 | €23,770 | €14,050 | -€9,719 | -40.9% |
| Furniture and vehicles | 24 | €23,770 | €14,050 | -€9,719 | -40.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €423,651 | €530,738 | +€107,087 | +25.3% |
| Amounts receivable within one year | 40/41 | €1,379 | €5,804 | +€4,425 | +321% |
| Trade receivables | 40 | - | €4,425 | +€4,425 | |
| Other amounts receivable | 41 | €1,379 | €1,379 | = | 0.0% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,892 | €257,585 | +€103,693 | +67.4% |
| Deferred charges and accrued income | 490/1 | €118,381 | €117,349 | -€1,032 | -0.9% |
| Total equity and liabilities | 10/49 | €447,521 | €544,888 | +€97,367 | +21.8% |
| Equity | 10/15 | €273,100 | €256,718 | -€16,383 | -6.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €265,100 | €248,718 | -€16,383 | -6.2% |
| Distributable reserves | 133 | €265,100 | €248,718 | -€16,383 | -6.2% |
| Amounts payable | 17/49 | €174,421 | €288,171 | +€113,750 | +65.2% |
| Amounts payable after more than one year | 17 | €7,351 | - | -€7,351 | |
| Financial debts | 170/4 | €7,351 | - | -€7,351 | |
| Amounts payable within one year | 42/48 | €162,517 | €275,170 | +€112,653 | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €12,483 | €7,351 | -€5,132 | -41.1% |
| Trade debts | 44 | €25 | €2,086 | +€2,061 | +8,222% |
| Suppliers | 440/4 | €25 | €2,086 | +€2,061 | +8,222% |
| Taxes, remuneration and social security | 45 | €1,700 | €4,322 | +€2,622 | +154% |
| Taxes | 450/3 | €1,700 | €4,322 | +€2,622 | +154% |
| Other amounts payable | 47/48 | €148,309 | €261,411 | +€113,102 | +76.3% |
| Accrued charges and deferred income | 492/3 | €4,553 | €13,001 | +€8,448 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,940 | €13,146 | +€206 | +1.6% |
| Other operating charges | 640/8 | €1,162 | €1,305 | +€143 | +12.3% |
| Gross operating margin | 9900 | €360,501 | €350,733 | -€9,768 | -2.7% |
| Operating profit (loss) | 9901 | €346,398 | €336,282 | -€10,117 | -2.9% |
| Financial charges | 65/66B | €5,011 | €13,343 | +€8,332 | +166% |
| Recurring financial charges | 65 | €5,011 | €13,343 | +€8,332 | +166% |
| Profit (loss) for the period before taxes | 9903 | €341,388 | €322,939 | -€18,449 | -5.4% |
| Income taxes | 67/77 | €83,621 | €79,322 | -€4,300 | -5.1% |
| Profit (loss) for the period | 9904 | €257,766 | €243,617 | -€14,149 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €257,766 | €243,617 | -€14,149 | -5.5% |
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.