Dr De Galan: 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 Galan
Largest movements
- Deferred charges and accrued income +€55,853
up €55,853 (+805%), from €6,942 to €62,795
- Cash +€48,590
up €48,590 (+266%), from €18,233 to €66,823
mainly Net result for the year (+€141,363) and Tax, wage and social debts (+€46,344)
- Tangible fixed assets -€20,135
down €20,135 (-65.4%), from €30,808 to €10,673
of which Furniture and vehicles: -€19,997
- Receivables within one year -€7,521
down €7,521 (-37.2%), from €20,223 to €12,703
- Tax, wage and social debts +€46,344
up €46,344 (+1,854%), from €2,500 to €48,844
- Other debts +€38,177
up €38,177 (+55.7%), from €68,548 to €106,724
- Current portion of long-term debt -€6,068
no longer reported in 2025 (was €6,068)
- Trade debts +€3,321
up €3,321 (+1,598%), from €208 to €3,528
- Profit (loss) carried forward -€2,529
no longer reported in 2025 (was €2,529)
- Gross operating margin +€194,386
up €194,386 (+38,090%), from €510 to €194,897
- Taxes +€43,763
up €43,763 (+14,715%), from €297 to €44,060
- Depreciation -€8,084
down €8,084 (-52.2%), from €15,493 to €7,409
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 | €85,308 | €162,096 | +€76,788 | +90.0% |
| Fixed assets | 21/28 | €31,908 | €11,773 | -€20,135 | -63.1% |
| Tangible fixed assets | 22/27 | €30,808 | €10,673 | -€20,135 | -65.4% |
| Plant, machinery and equipment | 23 | €880 | €743 | -€137 | -15.6% |
| Furniture and vehicles | 24 | €29,928 | €9,930 | -€19,997 | -66.8% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €53,400 | €150,323 | +€96,923 | +182% |
| Amounts receivable within one year | 40/41 | €20,223 | €12,703 | -€7,521 | -37.2% |
| Other amounts receivable | 41 | €20,223 | €12,703 | -€7,521 | -37.2% |
| Current investments | 50/53 | €8,002 | €8,002 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,233 | €66,823 | +€48,590 | +266% |
| Deferred charges and accrued income | 490/1 | €6,942 | €62,795 | +€55,853 | +805% |
| Total equity and liabilities | 10/49 | €85,308 | €162,096 | +€76,788 | +90.0% |
| Equity | 10/15 | €5,529 | €3,000 | -€2,529 | -45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,529 | - | -€2,529 | |
| Amounts payable | 17/49 | €79,779 | €159,096 | +€79,317 | +99.4% |
| Amounts payable within one year | 42/48 | €77,323 | €159,096 | +€81,773 | +106% |
| Current portion of amounts payable after more than one year | 42 | €6,068 | - | -€6,068 | |
| Trade debts | 44 | €208 | €3,528 | +€3,321 | +1,598% |
| Suppliers | 440/4 | €208 | €3,528 | +€3,321 | +1,598% |
| Taxes, remuneration and social security | 45 | €2,500 | €48,844 | +€46,344 | +1,854% |
| Taxes | 450/3 | €2,500 | €48,844 | +€46,344 | +1,854% |
| Other amounts payable | 47/48 | €68,548 | €106,724 | +€38,177 | +55.7% |
| Accrued charges and deferred income | 492/3 | €2,456 | - | -€2,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,493 | €7,409 | -€8,084 | -52.2% |
| Other operating charges | 640/8 | €1,783 | €1,976 | +€193 | +10.8% |
| Gross operating margin | 9900 | €510 | €194,897 | +€194,386 | +38,090% |
| Operating profit (loss) | 9901 | -€16,766 | €185,512 | +€202,278 | |
| Financial income | 75/76B | €1,001 | €0 | -€1,001 | -100.0% |
| Recurring financial income | 75 | €1,001 | €0 | -€1,001 | -100.0% |
| Financial charges | 65/66B | €312 | €89 | -€224 | -71.6% |
| Recurring financial charges | 65 | €312 | €89 | -€224 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,077 | €185,423 | +€201,500 | |
| Income taxes | 67/77 | €297 | €44,060 | +€43,763 | +14,715% |
| Profit (loss) for the period | 9904 | -€16,375 | €141,363 | +€157,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,375 | €141,363 | +€157,738 |
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 19 October 2026 via checked.be.