DR. D. VAN DIEST: 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. VAN DIEST
Largest movements
- Current investments +€99,643
up €99,643 (+20.4%), from €488,320 to €587,963
- Receivables within one year -€90,308
down €90,308 (-98.7%), from €91,511 to €1,203
of which Trade receivables: -€91,030
- Deferred charges and accrued income +€49,074
up €49,074 (+3,698%), from €1,327 to €50,401
- Cash +€44,170
up €44,170 (+12.2%), from €361,774 to €405,945
mainly Net result for the year (+€141,367) and Receivables within one year (+€90,308)
- Reserves +€91,367
up €91,367 (+10.4%), from €882,255 to €973,622
- Gross operating margin -€36,390
down €36,390 (-15.5%), from €235,016 to €198,626
- Taxes -€11,319
down €11,319 (-15.8%), from €71,665 to €60,346
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 | €945,352 | €1,047,045 | +€101,692 | +10.8% |
| Fixed assets | 21/28 | €2,419 | €1,533 | -€886 | -36.6% |
| Tangible fixed assets | 22/27 | €2,419 | €1,533 | -€886 | -36.6% |
| Furniture and vehicles | 24 | €2,419 | €1,533 | -€886 | -36.6% |
| Current assets | 29/58 | €942,933 | €1,045,511 | +€102,579 | +10.9% |
| Amounts receivable within one year | 40/41 | €91,511 | €1,203 | -€90,308 | -98.7% |
| Trade receivables | 40 | €91,030 | €0 | -€91,030 | -100% |
| Other amounts receivable | 41 | €481 | €1,203 | +€722 | +150% |
| Current investments | 50/53 | €488,320 | €587,963 | +€99,643 | +20.4% |
| Cash at bank and in hand | 54/58 | €361,774 | €405,945 | +€44,170 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,327 | €50,401 | +€49,074 | +3,698% |
| Total equity and liabilities | 10/49 | €945,352 | €1,047,045 | +€101,692 | +10.8% |
| Equity | 10/15 | €894,655 | €986,022 | +€91,367 | +10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €882,255 | €973,622 | +€91,367 | +10.4% |
| Distributable reserves | 133 | €882,255 | €973,622 | +€91,367 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,698 | €61,023 | +€10,325 | +20.4% |
| Amounts payable within one year | 42/48 | €49,793 | €59,722 | +€9,928 | +19.9% |
| Trade debts | 44 | €596 | €330 | -€265 | -44.6% |
| Suppliers | 440/4 | €596 | €330 | -€265 | -44.6% |
| Taxes, remuneration and social security | 45 | €37,562 | €47,624 | +€10,062 | +26.8% |
| Taxes | 450/3 | €37,562 | €47,624 | +€10,062 | +26.8% |
| Other amounts payable | 47/48 | €11,636 | €11,767 | +€131 | +1.1% |
| Accrued charges and deferred income | 492/3 | €904 | €1,301 | +€397 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €886 | +€647 | +270% |
| Other operating charges | 640/8 | €1,184 | €1,063 | -€120 | -10.2% |
| Gross operating margin | 9900 | €235,016 | €198,626 | -€36,390 | -15.5% |
| Operating profit (loss) | 9901 | €233,593 | €196,676 | -€36,916 | -15.8% |
| Financial income | 75/76B | €4,518 | €6,009 | +€1,491 | +33.0% |
| Recurring financial income | 75 | €4,518 | €6,009 | +€1,491 | +33.0% |
| Financial charges | 65/66B | €964 | €972 | +€9 | +0.9% |
| Recurring financial charges | 65 | €964 | €972 | +€9 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €237,147 | €201,713 | -€35,434 | -14.9% |
| Income taxes | 67/77 | €71,665 | €60,346 | -€11,319 | -15.8% |
| Profit (loss) for the period | 9904 | €165,482 | €141,367 | -€24,115 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €165,482 | €141,367 | -€24,115 | -14.6% |
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 23 October 2026 via checked.be.