DR. C. GYSBRECHTS: what changed
DR. C. GYSBRECHTS
Largest movements
- Cash +€70,943
up €70,943 (+18.1%), from €391,607 to €462,550
mainly Net result for the year (+€168,008) and Deferred charges and accrued income (+€28,771)
- Deferred charges and accrued income -€28,771
down €28,771 (-65.6%), from €43,880 to €15,109
- Current investments -€24,953
down €24,953 (-7.9%), from €315,635 to €290,682
- Reserves +€136,290
up €136,290 (+23.8%), from €571,968 to €708,258
- Other debts -€93,332
down €93,332 (-67.5%), from €138,302 to €44,970
- Trade debts -€17,706
down €17,706 (-72.4%), from €24,449 to €6,743
- Gross operating margin +€48,832
up €48,832 (+27.3%), from €178,766 to €227,598
- Taxes +€17,404
up €17,404 (+33.7%), from €51,720 to €69,124
- Financial income +€11,448
up €11,448 (+167%), from €6,851 to €18,299
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,027 | €785,588 | +€22,561 | +3.0% |
| Fixed assets | 21/28 | €11,905 | €17,247 | +€5,342 | +44.9% |
| Tangible fixed assets | 22/27 | €11,905 | €17,247 | +€5,342 | +44.9% |
| Land and buildings | 22 | €10,298 | €16,631 | +€6,333 | +61.5% |
| Furniture and vehicles | 24 | €1,606 | €616 | -€991 | -61.7% |
| Current assets | 29/58 | €751,122 | €768,341 | +€17,219 | +2.3% |
| Current investments | 50/53 | €315,635 | €290,682 | -€24,953 | -7.9% |
| Cash at bank and in hand | 54/58 | €391,607 | €462,550 | +€70,943 | +18.1% |
| Deferred charges and accrued income | 490/1 | €43,880 | €15,109 | -€28,771 | -65.6% |
| Total equity and liabilities | 10/49 | €763,027 | €785,588 | +€22,561 | +3.0% |
| Equity | 10/15 | €590,568 | €726,858 | +€136,290 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,968 | €708,258 | +€136,290 | +23.8% |
| Distributable reserves | 133 | €571,968 | €708,258 | +€136,290 | +23.8% |
| Amounts payable | 17/49 | €172,459 | €58,730 | -€113,729 | -65.9% |
| Amounts payable within one year | 42/48 | €170,361 | €56,062 | -€114,299 | -67.1% |
| Trade debts | 44 | €24,449 | €6,743 | -€17,706 | -72.4% |
| Suppliers | 440/4 | €24,449 | €6,743 | -€17,706 | -72.4% |
| Taxes, remuneration and social security | 45 | €7,610 | €4,350 | -€3,260 | -42.8% |
| Taxes | 450/3 | €7,610 | €4,350 | -€3,260 | -42.8% |
| Other amounts payable | 47/48 | €138,302 | €44,970 | -€93,332 | -67.5% |
| Accrued charges and deferred income | 492/3 | €2,098 | €2,668 | +€570 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,722 | €3,969 | -€754 | -16.0% |
| Other operating charges | 640/8 | €2,236 | €1,846 | -€390 | -17.4% |
| Gross operating margin | 9900 | €178,766 | €227,598 | +€48,832 | +27.3% |
| Operating profit (loss) | 9901 | €171,808 | €221,783 | +€49,975 | +29.1% |
| Financial income | 75/76B | €6,851 | €18,299 | +€11,448 | +167% |
| Recurring financial income | 75 | €6,851 | €18,299 | +€11,448 | +167% |
| Financial charges | 65/66B | €2,455 | €2,950 | +€495 | +20.2% |
| Recurring financial charges | 65 | €2,455 | €2,950 | +€495 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €176,205 | €237,132 | +€60,927 | +34.6% |
| Income taxes | 67/77 | €51,720 | €69,124 | +€17,404 | +33.7% |
| Profit (loss) for the period | 9904 | €124,485 | €168,008 | +€43,523 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €124,485 | €168,008 | +€43,523 | +35.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.