Dr.D.STOFFELEN: 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.STOFFELEN
Largest movements
- Cash -€18,136
down €18,136 (-18.8%), from €96,715 to €78,580
mainly Contributions, distributions and other (-€42,105) and Receivables within one year (-€10,311)
- Receivables within one year +€10,311
up €10,311 (+88.8%), from €11,613 to €21,924
of which Trade receivables: +€9,724
- Reserves -€42,105
down €42,105 (-11.1%), from €380,942 to €338,837
of which Distributable reserves: -€42,105
- Profit (loss) carried forward +€36,390
up €36,390 (+73.5%), from -€49,518 to -€13,128
- Depreciation -€24,620
no longer reported in 2025 (was €24,620)
- Gross operating margin +€7,943
up €7,943 (+29.1%), from €27,342 to €35,285
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 | €359,026 | €350,836 | -€8,190 | -2.3% |
| Fixed assets | 21/28 | €126,461 | €126,461 | = | 0.0% |
| Tangible fixed assets | 22/27 | €126,461 | €126,461 | = | 0.0% |
| Land and buildings | 22 | €58,502 | €58,502 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,958 | €24,958 | = | 0.0% |
| Furniture and vehicles | 24 | €43,000 | €43,000 | = | 0.0% |
| Current assets | 29/58 | €232,565 | €224,376 | -€8,190 | -3.5% |
| Amounts receivable within one year | 40/41 | €11,613 | €21,924 | +€10,311 | +88.8% |
| Trade receivables | 40 | €11,059 | €20,783 | +€9,724 | +87.9% |
| Other amounts receivable | 41 | €554 | €1,141 | +€588 | +106% |
| Current investments | 50/53 | €120,000 | €122,364 | +€2,364 | +2.0% |
| Cash at bank and in hand | 54/58 | €96,715 | €78,580 | -€18,136 | -18.8% |
| Deferred charges and accrued income | 490/1 | €4,237 | €1,508 | -€2,729 | -64.4% |
| Total equity and liabilities | 10/49 | €359,026 | €350,836 | -€8,190 | -2.3% |
| Equity | 10/15 | €350,024 | €344,308 | -€5,716 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,942 | €338,837 | -€42,105 | -11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €379,082 | €336,977 | -€42,105 | -11.1% |
| Profit (loss) carried forward | 14 | -€49,518 | -€13,128 | +€36,390 | +73.5% |
| Amounts payable | 17/49 | €9,002 | €6,528 | -€2,474 | -27.5% |
| Amounts payable within one year | 42/48 | €9,002 | €6,528 | -€2,474 | -27.5% |
| Trade debts | 44 | €4,304 | €1,292 | -€3,012 | -70.0% |
| Suppliers | 440/4 | €4,304 | €1,292 | -€3,012 | -70.0% |
| Taxes, remuneration and social security | 45 | €3,439 | €3,977 | +€538 | +15.6% |
| Taxes | 450/3 | €3,439 | €3,977 | +€538 | +15.6% |
| Other amounts payable | 47/48 | €1,259 | €1,259 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,620 | - | -€24,620 | |
| Other operating charges | 640/8 | €2,064 | €2,120 | +€57 | +2.7% |
| Gross operating margin | 9900 | €27,342 | €35,285 | +€7,943 | +29.1% |
| Operating profit (loss) | 9901 | €658 | €33,165 | +€32,507 | +4,940% |
| Financial income | 75/76B | €3,815 | €3,705 | -€110 | -2.9% |
| Recurring financial income | 75 | €3,815 | €3,705 | -€110 | -2.9% |
| Financial charges | 65/66B | €70 | €71 | +€0 | +0.2% |
| Recurring financial charges | 65 | €70 | €71 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €4,402 | €36,799 | +€32,396 | +736% |
| Income taxes | 67/77 | €323 | €409 | +€86 | +26.5% |
| Profit (loss) for the period | 9904 | €4,079 | €36,390 | +€32,311 | +792% |
| Profit (loss) for the period to be appropriated | 9905 | €4,079 | €36,390 | +€32,311 | +792% |
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.