DR. DE CORTE MARC: 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 CORTE MARC
Largest movements
- Current investments +€25,613
up €25,613 (+6.8%), from €376,497 to €402,109
- Tangible fixed assets -€13,320
down €13,320 (-7.6%), from €175,684 to €162,364
of which Land and buildings: -€12,853
- Cash -€8,780
down €8,780 (-12.4%), from €70,701 to €61,921
mainly Current investments (-€25,613) and Receivables within one year (-€4,055)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€17,855
down €17,855 (-45.1%), from €39,561 to €21,707
- Taxes -€7,029
down €7,029 (-78.4%), from €8,966 to €1,937
- Financial income -€2,430
down €2,430 (-48.4%), from €5,018 to €2,588
- Other operating charges +€514
up €514 (+25.9%), from €1,985 to €2,498
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 | €637,145 | €640,543 | +€3,398 | +0.5% |
| Fixed assets | 21/28 | €175,684 | €162,364 | -€13,320 | -7.6% |
| Tangible fixed assets | 22/27 | €175,684 | €162,364 | -€13,320 | -7.6% |
| Land and buildings | 22 | €172,001 | €159,148 | -€12,853 | -7.5% |
| Plant, machinery and equipment | 23 | €3,683 | €3,216 | -€467 | -12.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €461,461 | €478,179 | +€16,719 | +3.6% |
| Amounts receivable within one year | 40/41 | €1 | €4,056 | +€4,055 | +506,856% |
| Trade receivables | 40 | - | €117 | +€117 | |
| Other amounts receivable | 41 | €1 | €3,938 | +€3,937 | +492,171% |
| Current investments | 50/53 | €376,497 | €402,109 | +€25,613 | +6.8% |
| Cash at bank and in hand | 54/58 | €70,701 | €61,921 | -€8,780 | -12.4% |
| Deferred charges and accrued income | 490/1 | €14,263 | €10,094 | -€4,169 | -29.2% |
| Total equity and liabilities | 10/49 | €637,145 | €640,543 | +€3,398 | +0.5% |
| Equity | 10/15 | €602,842 | €605,435 | +€2,593 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €584,242 | €586,835 | +€2,593 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €582,382 | €584,975 | +€2,593 | +0.4% |
| Amounts payable | 17/49 | €34,303 | €35,108 | +€805 | +2.3% |
| Amounts payable within one year | 42/48 | €34,226 | €32,687 | -€1,539 | -4.5% |
| Trade debts | 44 | €355 | €2,281 | +€1,926 | +542% |
| Suppliers | 440/4 | €355 | €2,281 | +€1,926 | +542% |
| Taxes, remuneration and social security | 45 | €1,619 | €259 | -€1,360 | -84.0% |
| Taxes | 450/3 | €1,619 | €259 | -€1,360 | -84.0% |
| Other amounts payable | 47/48 | €32,252 | €30,147 | -€2,105 | -6.5% |
| Accrued charges and deferred income | 492/3 | €76 | €2,421 | +€2,345 | +3,076% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,497 | €13,320 | -€176 | -1.3% |
| Other operating charges | 640/8 | €1,985 | €2,498 | +€514 | +25.9% |
| Gross operating margin | 9900 | €39,561 | €21,707 | -€17,855 | -45.1% |
| Operating profit (loss) | 9901 | €24,080 | €5,888 | -€18,192 | -75.5% |
| Financial income | 75/76B | €5,018 | €2,588 | -€2,430 | -48.4% |
| Recurring financial income | 75 | €5,018 | €2,588 | -€2,430 | -48.4% |
| Financial charges | 65/66B | €3,941 | €3,946 | +€5 | +0.1% |
| Recurring financial charges | 65 | €3,941 | €3,946 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €25,157 | €4,530 | -€20,627 | -82.0% |
| Income taxes | 67/77 | €8,966 | €1,937 | -€7,029 | -78.4% |
| Profit (loss) for the period | 9904 | €16,191 | €2,593 | -€13,598 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,191 | €2,593 | -€13,598 | -84.0% |
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 29 October 2026 via checked.be.