Dr. Chris Cambré: 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. Chris Cambré
Largest movements
- Receivables within one year +€17,023
up €17,023 (+13.5%), from €125,974 to €142,997
of which Other amounts receivable: +€10,217
- Tangible fixed assets +€16,559
up €16,559 (+63.3%), from €26,155 to €42,714
of which Furniture and vehicles: +€20,951
- Cash +€9,080
up €9,080 (+132%), from €6,879 to €15,959
mainly Net result for the year (+€47,227) and Other debts (+€19,908)
- Current investments +€9,000
up €9,000 (+94.7%), from €9,500 to €18,500
- Reserves +€29,227
up €29,227 (+12.1%), from €241,519 to €270,745
- Debts after one year -€21,828
down €21,828 (-6.5%), from €335,563 to €313,735
- Other debts +€19,908
up €19,908 (+793%), from €2,509 to €22,417
- Tax, wage and social debts +€12,748
up €12,748 (+115%), from €11,123 to €23,871
of which Taxes: +€12,699
- Contributions +€7,500
up €7,500 (+60.0%), from €12,500 to €20,000
- Other operating charges -€5,273
down €5,273 (-77.7%), from €6,784 to €1,511
- Taxes +€2,253
up €2,253 (+16.9%), from €13,325 to €15,577
- Financial income +€1,139
up €1,139 (+22,288%), from €5 to €1,144
- Depreciation +€821
up €821 (+11.0%), from €7,453 to €8,274
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 | €648,753 | €697,747 | +€48,995 | +7.6% |
| Fixed assets | 21/28 | €501,009 | €517,568 | +€16,559 | +3.3% |
| Tangible fixed assets | 22/27 | €26,155 | €42,714 | +€16,559 | +63.3% |
| Plant, machinery and equipment | 23 | €4,772 | €998 | -€3,774 | -79.1% |
| Furniture and vehicles | 24 | €5,084 | €26,035 | +€20,951 | +412% |
| Other tangible fixed assets | 26 | €16,299 | €15,680 | -€619 | -3.8% |
| Financial fixed assets | 28 | €474,855 | €474,855 | = | 0.0% |
| Current assets | 29/58 | €147,743 | €180,179 | +€32,436 | +22.0% |
| Amounts receivable within one year | 40/41 | €125,974 | €142,997 | +€17,023 | +13.5% |
| Trade receivables | 40 | €10,845 | €17,652 | +€6,806 | +62.8% |
| Other amounts receivable | 41 | €115,128 | €125,345 | +€10,217 | +8.9% |
| Current investments | 50/53 | €9,500 | €18,500 | +€9,000 | +94.7% |
| Cash at bank and in hand | 54/58 | €6,879 | €15,959 | +€9,080 | +132% |
| Deferred charges and accrued income | 490/1 | €5,391 | €2,723 | -€2,667 | -49.5% |
| Total equity and liabilities | 10/49 | €648,753 | €697,747 | +€48,995 | +7.6% |
| Equity | 10/15 | €254,019 | €290,745 | +€36,727 | +14.5% |
| Contributions | 10/11 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Reserves | 13 | €241,519 | €270,745 | +€29,227 | +12.1% |
| Distributable reserves | 133 | €241,519 | €270,745 | +€29,227 | +12.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €394,734 | €407,002 | +€12,268 | +3.1% |
| Amounts payable after more than one year | 17 | €335,563 | €313,735 | -€21,828 | -6.5% |
| Financial debts | 170/4 | €335,563 | €313,735 | -€21,828 | -6.5% |
| Amounts payable within one year | 42/48 | €59,171 | €93,191 | +€34,021 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €42,960 | €46,828 | +€3,868 | +9.0% |
| Trade debts | 44 | €2,579 | €75 | -€2,504 | -97.1% |
| Suppliers | 440/4 | €2,579 | €75 | -€2,504 | -97.1% |
| Taxes, remuneration and social security | 45 | €11,123 | €23,871 | +€12,748 | +115% |
| Taxes | 450/3 | €9,223 | €21,922 | +€12,699 | +138% |
| Remuneration and social security | 454/9 | €1,900 | €1,949 | +€49 | +2.6% |
| Other amounts payable | 47/48 | €2,509 | €22,417 | +€19,908 | +793% |
| Accrued charges and deferred income | 492/3 | €0 | €76 | +€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,453 | €8,274 | +€821 | +11.0% |
| Other operating charges | 640/8 | €6,784 | €1,511 | -€5,273 | -77.7% |
| Gross operating margin | 9900 | €77,049 | €77,218 | +€168 | +0.2% |
| Operating profit (loss) | 9901 | €62,812 | €67,432 | +€4,620 | +7.4% |
| Financial income | 75/76B | €5 | €1,144 | +€1,139 | +22,288% |
| Recurring financial income | 75 | €5 | €1,144 | +€1,139 | +22,288% |
| Financial charges | 65/66B | €5,683 | €5,773 | +€90 | +1.6% |
| Recurring financial charges | 65 | €5,683 | €5,773 | +€90 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €57,135 | €62,804 | +€5,669 | +9.9% |
| Income taxes | 67/77 | €13,325 | €15,577 | +€2,253 | +16.9% |
| Profit (loss) for the period | 9904 | €43,810 | €47,227 | +€3,417 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,810 | €47,227 | +€3,417 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.