Dr. DE BLOCK: what changed
Two fiscal 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 BLOCK
Largest movements
- Cash +€107,132
up €107,132 (+32.6%), from €328,399 to €435,531
mainly Net result for the year (+€92,173) and Depreciation (+€26,522)
- Tangible fixed assets -€26,522
down €26,522 (-3.7%), from €707,503 to €680,980
of which Other tangible fixed assets: -€67,765
- Reserves +€92,173
up €92,173 (+20.3%), from €454,802 to €546,975
- Debts after one year -€24,238
down €24,238 (-4.3%), from €558,308 to €534,070
- Gross operating margin +€2,431
up €2,431 (+1.4%), from €175,245 to €177,675
- Financial charges -€1,937
down €1,937 (-12.7%), from €15,276 to €13,339
- Taxes -€1,820
down €1,820 (-4.1%), from €44,922 to €43,102
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.
Cash bridge derived
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 | €1,066,270 | €1,137,688 | +€71,418 | +6.7% |
| Fixed assets | 21/28 | €707,503 | €680,980 | -€26,522 | -3.7% |
| Tangible fixed assets | 22/27 | €707,503 | €680,980 | -€26,522 | -3.7% |
| Furniture and vehicles | 24 | €5,364 | €3,614 | -€1,750 | -32.6% |
| Leasing and similar rights | 25 | €616,522 | €659,514 | +€42,992 | +7.0% |
| Other tangible fixed assets | 26 | €85,617 | €17,853 | -€67,765 | -79.1% |
| Current assets | 29/58 | €358,767 | €456,708 | +€97,940 | +27.3% |
| Amounts receivable within one year | 40/41 | - | €689 | +€689 | |
| Trade receivables | 40 | - | €689 | +€689 | |
| Current investments | 50/53 | €30,000 | €19,370 | -€10,630 | -35.4% |
| Cash at bank and in hand | 54/58 | €328,399 | €435,531 | +€107,132 | +32.6% |
| Deferred charges and accrued income | 490/1 | €368 | €1,118 | +€750 | +203.8% |
| Total equity and liabilities | 10/49 | €1,066,270 | €1,137,688 | +€71,418 | +6.7% |
| Equity | 10/15 | €469,062 | €561,235 | +€92,173 | +19.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €454,802 | €546,975 | +€92,173 | +20.3% |
| Distributable reserves | 133 | €454,802 | €546,975 | +€92,173 | +20.3% |
| Amounts payable | 17/49 | €597,208 | €576,453 | -€20,756 | -3.5% |
| Amounts payable after more than one year | 17 | €558,308 | €534,070 | -€24,238 | -4.3% |
| Financial debts | 170/4 | €558,308 | €534,070 | -€24,238 | -4.3% |
| Amounts payable within one year | 42/48 | €38,900 | €42,383 | +€3,482 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €23,742 | €24,238 | +€496 | +2.1% |
| Trade debts | 44 | €446 | €330 | -€116 | -25.9% |
| Suppliers | 440/4 | €446 | €330 | -€116 | -25.9% |
| Taxes, remuneration and social security | 45 | €14,712 | €17,814 | +€3,102 | +21.1% |
| Taxes | 450/3 | €14,712 | €17,814 | +€3,102 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,312 | €26,522 | +€211 | +0.8% |
| Other operating charges | 640/8 | €1,711 | €2,539 | +€828 | +48.4% |
| Gross operating margin | 9900 | €175,245 | €177,675 | +€2,431 | +1.4% |
| Operating profit (loss) | 9901 | €147,222 | €148,614 | +€1,392 | +0.9% |
| Financial income | 75/76B | €1,200 | €0 | -€1,200 | -100.0% |
| Recurring financial income | 75 | €1,200 | €0 | -€1,200 | -100.0% |
| Financial charges | 65/66B | €15,276 | €13,339 | -€1,937 | -12.7% |
| Recurring financial charges | 65 | €15,276 | €13,339 | -€1,937 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €133,147 | €135,275 | +€2,129 | +1.6% |
| Income taxes | 67/77 | €44,922 | €43,102 | -€1,820 | -4.1% |
| Profit (loss) for the period | 9904 | €88,225 | €92,173 | +€3,949 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,225 | €92,173 | +€3,949 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.