DR. DANIEL DE DECKER: 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. DANIEL DE DECKER
Largest movements
- Cash +€148,500
up €148,500 (+38.9%), from €381,468 to €529,969
mainly Net result for the year (+€311,685) and Other debts (+€114,551)
- Current investments +€86,657
up €86,657 (+12.6%), from €687,853 to €774,510
- Other debts +€114,551
up €114,551 (+646%), from €17,740 to €132,291
- Reserves +€98,852
up €98,852 (+5.9%), from €1.7m to €1.8m
- Financial income +€18,774
up €18,774 (+272%), from €6,890 to €25,664
- Gross operating margin +€17,969
up €17,969 (+4.1%), from €440,836 to €458,805
- Taxes +€10,295
up €10,295 (+7.5%), from €136,747 to €147,042
- Financial charges +€5,431
up €5,431 (+69.7%), from €7,794 to €13,225
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 | €1,795,940 | €2,032,739 | +€236,799 | +13.2% |
| Fixed assets | 21/28 | €719,092 | €721,865 | +€2,773 | +0.4% |
| Tangible fixed assets | 22/27 | €719,092 | €721,865 | +€2,773 | +0.4% |
| Land and buildings | 22 | €697,323 | €696,199 | -€1,124 | -0.2% |
| Plant, machinery and equipment | 23 | €17,701 | €22,990 | +€5,289 | +29.9% |
| Furniture and vehicles | 24 | €4,068 | €2,676 | -€1,392 | -34.2% |
| Current assets | 29/58 | €1,076,848 | €1,310,874 | +€234,027 | +21.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,762 | €3,018 | -€1,744 | -36.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,762 | €3,018 | -€1,744 | -36.6% |
| Current investments | 50/53 | €687,853 | €774,510 | +€86,657 | +12.6% |
| Cash at bank and in hand | 54/58 | €381,468 | €529,969 | +€148,500 | +38.9% |
| Deferred charges and accrued income | 490/1 | €2,765 | €3,378 | +€614 | +22.2% |
| Total equity and liabilities | 10/49 | €1,795,940 | €2,032,739 | +€236,799 | +13.2% |
| Equity | 10/15 | €1,693,831 | €1,792,682 | +€98,852 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,675,231 | €1,774,082 | +€98,852 | +5.9% |
| Distributable reserves | 133 | €1,675,231 | €1,774,082 | +€98,852 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,109 | €240,057 | +€137,948 | +135% |
| Amounts payable within one year | 42/48 | €97,550 | €227,972 | +€130,422 | +134% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,107 | €1,655 | -€2,452 | -59.7% |
| Suppliers | 440/4 | €4,107 | €1,655 | -€2,452 | -59.7% |
| Taxes, remuneration and social security | 45 | €75,704 | €94,026 | +€18,323 | +24.2% |
| Taxes | 450/3 | €75,704 | €94,026 | +€18,323 | +24.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,740 | €132,291 | +€114,551 | +646% |
| Accrued charges and deferred income | 492/3 | €4,559 | €12,084 | +€7,526 | +165% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,542 | €7,164 | -€1,378 | -16.1% |
| Other operating charges | 640/8 | €5,310 | €5,353 | +€44 | +0.8% |
| Gross operating margin | 9900 | €440,836 | €458,805 | +€17,969 | +4.1% |
| Operating profit (loss) | 9901 | €426,985 | €446,288 | +€19,303 | +4.5% |
| Financial income | 75/76B | €6,890 | €25,664 | +€18,774 | +272% |
| Recurring financial income | 75 | €6,890 | €25,664 | +€18,774 | +272% |
| Financial charges | 65/66B | €7,794 | €13,225 | +€5,431 | +69.7% |
| Recurring financial charges | 65 | €7,794 | €13,225 | +€5,431 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €426,081 | €458,727 | +€32,646 | +7.7% |
| Income taxes | 67/77 | €136,747 | €147,042 | +€10,295 | +7.5% |
| Profit (loss) for the period | 9904 | €289,334 | €311,685 | +€22,351 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €289,334 | €311,685 | +€22,351 | +7.7% |
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 14 October 2026 via checked.be.