Dr. David Susilo: 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. David Susilo
Largest movements
- Current investments +€255,000
up €255,000 (+392%), from €65,000 to €320,000
- Cash +€132,383
up €132,383 (+6,805%), from €1,945 to €134,328
mainly Other debts (+€864,447) and Net result for the year (+€522,217)
- Deferred charges and accrued income +€50,415
up €50,415 (+13.8%), from €364,102 to €414,516
- Tangible fixed assets +€11,590
up €11,590 (+9.8%), from €117,872 to €129,461
of which Furniture and vehicles: +€17,959
- Receivables within one year +€11,177
new in 2025: €11,177
- Other debts +€864,447
up €864,447 (+3,854%), from €22,428 to €886,875
- Reserves -€465,022
down €465,022 (-91.7%), from €507,239 to €42,217
- Trade debts +€45,792
up €45,792 (+4,991%), from €918 to €46,709
- Accrued charges and deferred income +€13,806
up €13,806 (+695%), from €1,988 to €15,794
- Gross operating margin +€56,493
up €56,493 (+8.2%), from €691,416 to €747,909
- Depreciation +€17,698
up €17,698 (+87.9%), from €20,146 to €37,844
- Financial charges +€17,147
up €17,147 (+811%), from €2,115 to €19,263
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 | €548,919 | €1,009,483 | +€460,564 | +83.9% |
| Fixed assets | 21/28 | €117,872 | €129,461 | +€11,590 | +9.8% |
| Tangible fixed assets | 22/27 | €117,872 | €129,461 | +€11,590 | +9.8% |
| Land and buildings | 22 | €17,732 | €15,724 | -€2,007 | -11.3% |
| Plant, machinery and equipment | 23 | €13,139 | €8,776 | -€4,363 | -33.2% |
| Furniture and vehicles | 24 | €87,001 | €104,960 | +€17,959 | +20.6% |
| Current assets | 29/58 | €431,047 | €880,022 | +€448,975 | +104% |
| Amounts receivable within one year | 40/41 | - | €11,177 | +€11,177 | |
| Other amounts receivable | 41 | - | €11,177 | +€11,177 | |
| Current investments | 50/53 | €65,000 | €320,000 | +€255,000 | +392% |
| Cash at bank and in hand | 54/58 | €1,945 | €134,328 | +€132,383 | +6,805% |
| Deferred charges and accrued income | 490/1 | €364,102 | €414,516 | +€50,415 | +13.8% |
| Total equity and liabilities | 10/49 | €548,919 | €1,009,483 | +€460,564 | +83.9% |
| Equity | 10/15 | €510,239 | €45,217 | -€465,022 | -91.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €507,239 | €42,217 | -€465,022 | -91.7% |
| Distributable reserves | 133 | €507,239 | €42,217 | -€465,022 | -91.7% |
| Amounts payable | 17/49 | €38,679 | €964,266 | +€925,587 | +2,393% |
| Amounts payable within one year | 42/48 | €36,692 | €948,472 | +€911,780 | +2,485% |
| Trade debts | 44 | €918 | €46,709 | +€45,792 | +4,991% |
| Suppliers | 440/4 | €918 | €46,709 | +€45,792 | +4,991% |
| Taxes, remuneration and social security | 45 | €13,346 | €14,888 | +€1,542 | +11.6% |
| Taxes | 450/3 | €13,046 | €13,046 | = | 0.0% |
| Remuneration and social security | 454/9 | €300 | €1,842 | +€1,542 | +514% |
| Other amounts payable | 47/48 | €22,428 | €886,875 | +€864,447 | +3,854% |
| Accrued charges and deferred income | 492/3 | €1,988 | €15,794 | +€13,806 | +695% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,146 | €37,844 | +€17,698 | +87.9% |
| Other operating charges | 640/8 | €1,054 | €2,223 | +€1,169 | +111% |
| Gross operating margin | 9900 | €691,416 | €747,909 | +€56,493 | +8.2% |
| Operating profit (loss) | 9901 | €670,217 | €707,842 | +€37,626 | +5.6% |
| Financial income | 75/76B | €3,117 | €3,168 | +€51 | +1.6% |
| Recurring financial income | 75 | €3,117 | €3,168 | +€51 | +1.6% |
| Financial charges | 65/66B | €2,115 | €19,263 | +€17,147 | +811% |
| Recurring financial charges | 65 | €2,115 | €19,263 | +€17,147 | +811% |
| Profit (loss) for the period before taxes | 9903 | €671,218 | €691,747 | +€20,529 | +3.1% |
| Income taxes | 67/77 | €163,979 | €169,530 | +€5,552 | +3.4% |
| Profit (loss) for the period | 9904 | €507,239 | €522,217 | +€14,978 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €507,239 | €522,217 | +€14,978 | +3.0% |
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.