DR CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€141,592
up €141,592 (+19.3%), from €735,165 to €876,756
of which Land and buildings: +€132,537
- Cash +€109,254
up €109,254 (+942.7%), from €11,590 to €120,844
- Receivables within one year -€27,876
down €27,876 (-30.4%), from €91,654 to €63,778
of which Trade receivables: -€48,786
- Reserves +€325,000
up €325,000 (+159.4%), from €203,946 to €528,946
of which Distributable reserves: +€325,000
- Short-term financial debts -€267,000
down €267,000 (-100.0%), from €267,000 to €0
- Tax, wage and social debts +€141,429
up €141,429 (+1405.3%), from €10,064 to €151,493
- Profit (loss) carried forward +€71,147
up €71,147 (+60.7%), from -€117,194 to -€46,047
- Debts after one year -€57,498
down €57,498 (-26.0%), from €220,734 to €163,236
- Gross operating margin +€664,568
up €664,568 (+1271.2%), from €52,277 to €716,845
- Taxes +€148,939
up €148,939 (+4905.1%), from €3,036 to €151,976
- Other operating charges +€48,906
up €48,906 (+133.4%), from €36,670 to €85,576
- Depreciation -€8,939
down €8,939 (-21.6%), from €41,433 to €32,494
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €839,171 | €1,064,392 | +€225,221 | +26.8% |
| Fixed assets | 21/28 | €735,261 | €876,852 | +€141,592 | +19.3% |
| Tangible fixed assets | 22/27 | €735,165 | €876,756 | +€141,592 | +19.3% |
| Land and buildings | 22 | €731,469 | €864,005 | +€132,537 | +18.1% |
| Plant, machinery and equipment | 23 | €483 | €0 | -€483 | -100.0% |
| Furniture and vehicles | 24 | €1,430 | €12,751 | +€11,321 | +792.0% |
| Other tangible fixed assets | 26 | €1,784 | €0 | -€1,784 | -100.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €103,910 | €187,540 | +€83,629 | +80.5% |
| Amounts receivable within one year | 40/41 | €91,654 | €63,778 | -€27,876 | -30.4% |
| Trade receivables | 40 | €76,086 | €27,300 | -€48,786 | -64.1% |
| Other amounts receivable | 41 | €15,568 | €36,478 | +€20,910 | +134.3% |
| Cash at bank and in hand | 54/58 | €11,590 | €120,844 | +€109,254 | +942.7% |
| Deferred charges and accrued income | 490/1 | €667 | €2,918 | +€2,251 | +337.6% |
| Total equity and liabilities | 10/49 | €839,171 | €1,064,392 | +€225,221 | +26.8% |
| Equity | 10/15 | €266,659 | €662,806 | +€396,147 | +148.6% |
| Contributions | 10/11 | €179,907 | €179,907 | = | 0.0% |
| Reserves | 13 | €203,946 | €528,946 | +€325,000 | +159.4% |
| Tax-exempt reserves | 132 | €4,014 | €4,014 | = | 0.0% |
| Distributable reserves | 133 | €199,933 | €524,933 | +€325,000 | +162.6% |
| Profit (loss) carried forward | 14 | -€117,194 | -€46,047 | +€71,147 | +60.7% |
| Provisions and deferred taxes | 16 | €18,760 | €18,760 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,760 | €18,760 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,760 | €18,760 | = | 0.0% |
| Amounts payable | 17/49 | €553,752 | €382,826 | -€170,926 | -30.9% |
| Amounts payable after more than one year | 17 | €220,734 | €163,236 | -€57,498 | -26.0% |
| Financial debts | 170/4 | €220,734 | €163,236 | -€57,498 | -26.0% |
| Amounts payable within one year | 42/48 | €332,474 | €219,590 | -€112,884 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €23,051 | €17,379 | -€5,672 | -24.6% |
| Financial debts | 43 | €267,000 | €0 | -€267,000 | -100.0% |
| Credit institutions | 430/8 | €267,000 | €0 | -€267,000 | -100.0% |
| Trade debts | 44 | €23,226 | €14,584 | -€8,642 | -37.2% |
| Suppliers | 440/4 | €23,226 | €14,584 | -€8,642 | -37.2% |
| Taxes, remuneration and social security | 45 | €10,064 | €151,493 | +€141,429 | +1405.3% |
| Taxes | 450/3 | €10,064 | €151,493 | +€141,429 | +1405.3% |
| Other amounts payable | 47/48 | €9,134 | €36,134 | +€27,000 | +295.6% |
| Accrued charges and deferred income | 492/3 | €544 | €0 | -€544 | -100.0% |
| Non-recurring operating income | 76A | - | €751,473 | +€751,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,433 | €32,494 | -€8,939 | -21.6% |
| Other operating charges | 640/8 | €36,670 | €85,576 | +€48,906 | +133.4% |
| Gross operating margin | 9900 | €52,277 | €716,845 | +€664,568 | +1271.2% |
| Operating profit (loss) | 9901 | -€25,826 | €598,775 | +€624,602 | |
| Financial income | 75/76B | €640 | €3,917 | +€3,277 | +512.0% |
| Recurring financial income | 75 | €640 | €3,917 | +€3,277 | +512.0% |
| Financial charges | 65/66B | €23,055 | €18,570 | -€4,485 | -19.5% |
| Recurring financial charges | 65 | €23,055 | €18,570 | -€4,485 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,241 | €584,123 | +€632,364 | |
| Income taxes | 67/77 | €3,036 | €151,976 | +€148,939 | +4905.1% |
| Profit (loss) for the period | 9904 | -€51,277 | €432,147 | +€483,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,277 | €432,147 | +€483,424 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.