Dr. De Backker Pascale: 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. De Backker Pascale
Largest movements
- Tangible fixed assets -€11,228
down €11,228 (-5.4%), from €209,297 to €198,068
of which Land and buildings: -€10,278
- Receivables within one year +€7,402
up €7,402 (+75.0%), from €9,863 to €17,265
- Intangible fixed assets -€6,667
down €6,667 (-100%), from €6,667 to €0
- Cash +€5,282
up €5,282 (+10.7%), from €49,152 to €54,434
mainly Net result for the year (+€72,137) and Depreciation (+€27,412)
- Tax, wage and social debts -€39,321
down €39,321 (-94.6%), from €41,586 to €2,265
of which Taxes: -€39,321
- Reserves +€32,283
up €32,283 (+77.4%), from €41,714 to €73,997
of which Distributable reserves: +€34,143
- Other debts +€23,893
up €23,893 (+150%), from €15,962 to €39,854
- Debts after one year -€21,267
down €21,267 (-16.9%), from €125,828 to €104,561
- Gross operating margin +€20,116
up €20,116 (+18.3%), from €110,039 to €130,155
- Depreciation -€13,657
down €13,657 (-33.3%), from €41,070 to €27,412
- Taxes +€9,375
up €9,375 (+92.5%), from €10,137 to €19,511
- Staff costs -€5,364
down €5,364 (-48.7%), from €11,004 to €5,640
- Other operating charges -€2,274
down €2,274 (-44.6%), from €5,093 to €2,819
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 | €275,474 | €269,767 | -€5,707 | -2.1% |
| Fixed assets | 21/28 | €215,963 | €198,068 | -€17,895 | -8.3% |
| Intangible fixed assets | 21 | €6,667 | €0 | -€6,667 | -100% |
| Tangible fixed assets | 22/27 | €209,297 | €198,068 | -€11,228 | -5.4% |
| Land and buildings | 22 | €177,337 | €167,059 | -€10,278 | -5.8% |
| Furniture and vehicles | 24 | €31,960 | €31,009 | -€951 | -3.0% |
| Current assets | 29/58 | €59,511 | €71,699 | +€12,188 | +20.5% |
| Amounts receivable within one year | 40/41 | €9,863 | €17,265 | +€7,402 | +75.0% |
| Other amounts receivable | 41 | €9,863 | €17,265 | +€7,402 | +75.0% |
| Cash at bank and in hand | 54/58 | €49,152 | €54,434 | +€5,282 | +10.7% |
| Deferred charges and accrued income | 490/1 | €496 | €0 | -€496 | -100% |
| Total equity and liabilities | 10/49 | €275,474 | €269,767 | -€5,707 | -2.1% |
| Equity | 10/15 | €60,314 | €92,597 | +€32,283 | +53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,714 | €73,997 | +€32,283 | +77.4% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €39,854 | €73,997 | +€34,143 | +85.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €215,160 | €177,170 | -€37,990 | -17.7% |
| Amounts payable after more than one year | 17 | €125,828 | €104,561 | -€21,267 | -16.9% |
| Financial debts | 170/4 | €125,828 | €104,561 | -€21,267 | -16.9% |
| Amounts payable within one year | 42/48 | €87,384 | €70,685 | -€16,698 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €21,267 | €21,267 | = | 0.0% |
| Financial debts | 43 | €6,339 | €6,413 | +€74 | +1.2% |
| Credit institutions | 430/8 | €6,339 | €6,413 | +€74 | +1.2% |
| Trade debts | 44 | €2,230 | €886 | -€1,344 | -60.3% |
| Suppliers | 440/4 | €2,230 | €886 | -€1,344 | -60.3% |
| Taxes, remuneration and social security | 45 | €41,586 | €2,265 | -€39,321 | -94.6% |
| Taxes | 450/3 | €41,586 | €2,265 | -€39,321 | -94.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,962 | €39,854 | +€23,893 | +150% |
| Accrued charges and deferred income | 492/3 | €1,948 | €1,923 | -€25 | -1.3% |
| Remuneration, social security and pensions | 62 | €11,004 | €5,640 | -€5,364 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,070 | €27,412 | -€13,657 | -33.3% |
| Other operating charges | 640/8 | €5,093 | €2,819 | -€2,274 | -44.6% |
| Gross operating margin | 9900 | €110,039 | €130,155 | +€20,116 | +18.3% |
| Operating profit (loss) | 9901 | €52,872 | €94,283 | +€41,411 | +78.3% |
| Financial income | 75/76B | €0 | €455 | +€455 | |
| Recurring financial income | 75 | €0 | €455 | +€455 | |
| Financial charges | 65/66B | €2,881 | €3,089 | +€208 | +7.2% |
| Recurring financial charges | 65 | €2,881 | €3,089 | +€208 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €49,991 | €91,648 | +€41,657 | +83.3% |
| Income taxes | 67/77 | €10,137 | €19,511 | +€9,375 | +92.5% |
| Profit (loss) for the period | 9904 | €39,854 | €72,137 | +€32,283 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,854 | €72,137 | +€32,283 | +81.0% |
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 31 October 2026 via checked.be.