DR. BIJNENS ERIC: 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. BIJNENS ERIC
Largest movements
- Current investments -€580,000
down €580,000 (-45.3%), from €1.3m to €700,000
- Cash +€113,799
up €113,799 (+19.3%), from €590,555 to €704,354
mainly Current investments (+€580,000) and Net result for the year (+€314,100)
- Reserves -€401,972
down €401,972 (-26.3%), from €1.5m to €1.1m
of which Distributable reserves: -€401,972
- Other debts -€86,191
down €86,191 (-17.6%), from €488,821 to €402,629
- Tax, wage and social debts +€26,206
new in 2025: €26,206
- Gross operating margin +€56,713
up €56,713 (+13.5%), from €419,874 to €476,587
- Taxes +€16,057
up €16,057 (+12.5%), from €128,859 to €144,916
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 | €2,079,828 | €1,611,982 | -€467,846 | -22.5% |
| Fixed assets | 21/28 | €34,965 | €21,864 | -€13,101 | -37.5% |
| Tangible fixed assets | 22/27 | €34,965 | €21,864 | -€13,101 | -37.5% |
| Land and buildings | 22 | €4,879 | €3,920 | -€959 | -19.7% |
| Plant, machinery and equipment | 23 | €3,280 | €2,356 | -€924 | -28.2% |
| Furniture and vehicles | 24 | €26,807 | €15,588 | -€11,218 | -41.8% |
| Current assets | 29/58 | €2,044,862 | €1,590,117 | -€454,745 | -22.2% |
| Amounts receivable within one year | 40/41 | €169,876 | €182,674 | +€12,798 | +7.5% |
| Trade receivables | 40 | €163,212 | €178,401 | +€15,189 | +9.3% |
| Other amounts receivable | 41 | €6,664 | €4,273 | -€2,392 | -35.9% |
| Current investments | 50/53 | €1,280,000 | €700,000 | -€580,000 | -45.3% |
| Cash at bank and in hand | 54/58 | €590,555 | €704,354 | +€113,799 | +19.3% |
| Deferred charges and accrued income | 490/1 | €4,432 | €3,090 | -€1,342 | -30.3% |
| Total equity and liabilities | 10/49 | €2,079,828 | €1,611,982 | -€467,846 | -22.5% |
| Equity | 10/15 | €1,548,610 | €1,146,639 | -€401,972 | -26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,530,010 | €1,128,039 | -€401,972 | -26.3% |
| Tax-exempt reserves | 132 | €575 | €575 | = | 0.0% |
| Distributable reserves | 133 | €1,529,435 | €1,127,463 | -€401,972 | -26.3% |
| Amounts payable | 17/49 | €531,217 | €465,343 | -€65,874 | -12.4% |
| Amounts payable within one year | 42/48 | €496,683 | €435,934 | -€60,749 | -12.2% |
| Trade debts | 44 | €7,862 | €7,099 | -€764 | -9.7% |
| Suppliers | 440/4 | €7,862 | €7,099 | -€764 | -9.7% |
| Taxes, remuneration and social security | 45 | - | €26,206 | +€26,206 | |
| Taxes | 450/3 | - | €26,206 | +€26,206 | |
| Other amounts payable | 47/48 | €488,821 | €402,629 | -€86,191 | -17.6% |
| Accrued charges and deferred income | 492/3 | €34,534 | €29,409 | -€5,125 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,286 | €13,101 | +€814 | +6.6% |
| Other operating charges | 640/8 | €2,188 | €2,209 | +€22 | +1.0% |
| Gross operating margin | 9900 | €419,874 | €476,587 | +€56,713 | +13.5% |
| Operating profit (loss) | 9901 | €405,400 | €461,277 | +€55,877 | +13.8% |
| Financial income | 75/76B | €33,065 | €29,035 | -€4,029 | -12.2% |
| Recurring financial income | 75 | €33,065 | €29,035 | -€4,029 | -12.2% |
| Financial charges | 65/66B | €34,688 | €31,297 | -€3,392 | -9.8% |
| Recurring financial charges | 65 | €34,688 | €31,297 | -€3,392 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €403,777 | €459,016 | +€55,239 | +13.7% |
| Income taxes | 67/77 | €128,859 | €144,916 | +€16,057 | +12.5% |
| Profit (loss) for the period | 9904 | €274,918 | €314,100 | +€39,182 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €274,918 | €314,100 | +€39,182 | +14.3% |
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 12 October 2026 via checked.be.