DR. D'hOORE POL: 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. D'hOORE POL
Largest movements
- Cash +€108,860
up €108,860 (+38.4%), from €283,555 to €392,415
mainly Net result for the year (+€166,185) and Depreciation (+€39,553)
- Intangible fixed assets -€35,000
down €35,000 (-17.1%), from €204,167 to €169,167
- Receivables within one year +€29,240
up €29,240 (+2,254%), from €1,297 to €30,537
of which Trade receivables: +€30,537
- Tangible fixed assets +€27,813
up €27,813 (+3,953%), from €704 to €28,516
of which Furniture and vehicles: +€28,376
- Deferred charges and accrued income -€26,817
down €26,817 (-88.8%), from €30,184 to €3,367
- Reserves +€166,180
up €166,180 (+28.9%), from €575,345 to €741,525
- Other debts -€39,862
down €39,862 (-33.7%), from €118,440 to €78,578
- Financial income +€13,164
up €13,164 (+256%), from €5,149 to €18,313
- Financial charges -€4,783
down €4,783 (-40.3%), from €11,871 to €7,088
- Depreciation +€3,966
up €3,966 (+11.1%), from €35,588 to €39,553
- Taxes +€2,951
up €2,951 (+3.9%), from €75,692 to €78,644
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 | €720,778 | €845,666 | +€124,887 | +17.3% |
| Fixed assets | 21/28 | €204,870 | €197,683 | -€7,187 | -3.5% |
| Intangible fixed assets | 21 | €204,167 | €169,167 | -€35,000 | -17.1% |
| Tangible fixed assets | 22/27 | €704 | €28,516 | +€27,813 | +3,953% |
| Plant, machinery and equipment | 23 | €704 | €141 | -€563 | -80.0% |
| Furniture and vehicles | 24 | €0 | €28,376 | +€28,376 | |
| Current assets | 29/58 | €515,908 | €647,983 | +€132,074 | +25.6% |
| Amounts receivable within one year | 40/41 | €1,297 | €30,537 | +€29,240 | +2,254% |
| Trade receivables | 40 | €0 | €30,537 | +€30,537 | |
| Other amounts receivable | 41 | €1,297 | €0 | -€1,297 | -100% |
| Current investments | 50/53 | €200,872 | €221,663 | +€20,792 | +10.4% |
| Cash at bank and in hand | 54/58 | €283,555 | €392,415 | +€108,860 | +38.4% |
| Deferred charges and accrued income | 490/1 | €30,184 | €3,367 | -€26,817 | -88.8% |
| Total equity and liabilities | 10/49 | €720,778 | €845,666 | +€124,887 | +17.3% |
| Equity | 10/15 | €580,904 | €747,090 | +€166,185 | +28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €575,345 | €741,525 | +€166,180 | +28.9% |
| Distributable reserves | 133 | €575,345 | €741,525 | +€166,180 | +28.9% |
| Profit (loss) carried forward | 14 | €559 | €565 | +€5 | +0.9% |
| Amounts payable | 17/49 | €139,874 | €98,576 | -€41,298 | -29.5% |
| Amounts payable within one year | 42/48 | €139,004 | €98,368 | -€40,636 | -29.2% |
| Trade debts | 44 | €188 | €1,786 | +€1,597 | +848% |
| Suppliers | 440/4 | €188 | €1,786 | +€1,597 | +848% |
| Taxes, remuneration and social security | 45 | €20,376 | €18,005 | -€2,371 | -11.6% |
| Taxes | 450/3 | €17,684 | €15,249 | -€2,436 | -13.8% |
| Remuneration and social security | 454/9 | €2,691 | €2,756 | +€65 | +2.4% |
| Other amounts payable | 47/48 | €118,440 | €78,578 | -€39,862 | -33.7% |
| Accrued charges and deferred income | 492/3 | €870 | €208 | -€662 | -76.1% |
| Remuneration, social security and pensions | 62 | €13,221 | €13,423 | +€202 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,588 | €39,553 | +€3,966 | +11.1% |
| Other operating charges | 640/8 | €718 | €641 | -€77 | -10.7% |
| Gross operating margin | 9900 | €289,440 | €287,222 | -€2,218 | -0.8% |
| Operating profit (loss) | 9901 | €239,913 | €233,604 | -€6,309 | -2.6% |
| Financial income | 75/76B | €5,149 | €18,313 | +€13,164 | +256% |
| Recurring financial income | 75 | €5,149 | €18,313 | +€13,164 | +256% |
| Financial charges | 65/66B | €11,871 | €7,088 | -€4,783 | -40.3% |
| Recurring financial charges | 65 | €11,871 | €7,088 | -€4,783 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €233,191 | €244,829 | +€11,638 | +5.0% |
| Income taxes | 67/77 | €75,692 | €78,644 | +€2,951 | +3.9% |
| Profit (loss) for the period | 9904 | €157,499 | €166,185 | +€8,687 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,499 | €166,185 | +€8,687 | +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 31 October 2026 via checked.be.