DR. DE BOECK TIM: 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 BOECK TIM
Largest movements
- Receivables within one year +€48,486
up €48,486 (+2,568%), from €1,888 to €50,375
- Cash +€33,825
up €33,825 (+83.2%), from €40,658 to €74,482
mainly Net result for the year (+€50,075) and Debts after one year (+€30,894)
- Deferred charges and accrued income -€3,202
down €3,202 (-21.5%), from €14,888 to €11,686
- Tangible fixed assets -€2,370
no longer reported in 2025 (was €2,370)
- Reserves +€50,075
up €50,075 (+120%), from €41,568 to €91,643
- Debts after one year +€30,894
new in 2025: €30,894
- Tax, wage and social debts -€7,260
down €7,260 (-54.1%), from €13,410 to €6,150
- Trade debts +€1,852
up €1,852 (+204%), from €906 to €2,758
- Accrued charges and deferred income +€1,795
up €1,795 (+93.5%), from €1,920 to €3,715
- Gross operating margin +€10,057
up €10,057 (+18.4%), from €54,783 to €64,840
- Taxes +€2,675
up €2,675 (+24.3%), from €11,000 to €13,675
- Depreciation -€1,788
no longer reported in 2025 (was €1,788)
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 | €59,804 | €137,159 | +€77,355 | +129% |
| Fixed assets | 21/28 | €2,370 | €617 | -€1,753 | -74.0% |
| Tangible fixed assets | 22/27 | €2,370 | - | -€2,370 | |
| Plant, machinery and equipment | 23 | €2,370 | - | -€2,370 | |
| Financial fixed assets | 28 | - | €617 | +€617 | |
| Current assets | 29/58 | €57,434 | €136,542 | +€79,109 | +138% |
| Amounts receivable within one year | 40/41 | €1,888 | €50,375 | +€48,486 | +2,568% |
| Other amounts receivable | 41 | €1,888 | €50,375 | +€48,486 | +2,568% |
| Cash at bank and in hand | 54/58 | €40,658 | €74,482 | +€33,825 | +83.2% |
| Deferred charges and accrued income | 490/1 | €14,888 | €11,686 | -€3,202 | -21.5% |
| Total equity and liabilities | 10/49 | €59,804 | €137,159 | +€77,355 | +129% |
| Equity | 10/15 | €43,568 | €93,643 | +€50,075 | +115% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,568 | €91,643 | +€50,075 | +120% |
| Distributable reserves | 133 | €41,568 | €91,643 | +€50,075 | +120% |
| Amounts payable | 17/49 | €16,236 | €43,516 | +€27,281 | +168% |
| Amounts payable after more than one year | 17 | - | €30,894 | +€30,894 | |
| Financial debts | 170/4 | - | €30,894 | +€30,894 | |
| Amounts payable within one year | 42/48 | €14,316 | €8,907 | -€5,409 | -37.8% |
| Trade debts | 44 | €906 | €2,758 | +€1,852 | +204% |
| Suppliers | 440/4 | €906 | €2,758 | +€1,852 | +204% |
| Taxes, remuneration and social security | 45 | €13,410 | €6,150 | -€7,260 | -54.1% |
| Taxes | 450/3 | €13,410 | €6,150 | -€7,260 | -54.1% |
| Accrued charges and deferred income | 492/3 | €1,920 | €3,715 | +€1,795 | +93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | - | -€1,788 | |
| Other operating charges | 640/8 | €465 | €785 | +€320 | +68.7% |
| Non-recurring operating charges | 66A | - | €409 | +€409 | |
| Gross operating margin | 9900 | €54,783 | €64,840 | +€10,057 | +18.4% |
| Operating profit (loss) | 9901 | €52,530 | €63,647 | +€11,117 | +21.2% |
| Financial income | 75/76B | €52 | €198 | +€147 | +284% |
| Recurring financial income | 75 | €52 | €198 | +€147 | +284% |
| Financial charges | 65/66B | €13 | €96 | +€83 | +635% |
| Recurring financial charges | 65 | €13 | €96 | +€83 | +635% |
| Profit (loss) for the period before taxes | 9903 | €52,568 | €63,750 | +€11,181 | +21.3% |
| Income taxes | 67/77 | €11,000 | €13,675 | +€2,675 | +24.3% |
| Profit (loss) for the period | 9904 | €41,568 | €50,075 | +€8,506 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,568 | €50,075 | +€8,506 | +20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.