DR. DE KOSTER: 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 KOSTER
Largest movements
- Current investments +€74,922
up €74,922 (+22.8%), from €328,243 to €403,165
- Deferred charges and accrued income -€18,468
down €18,468 (-14.8%), from €124,364 to €105,896
- Cash -€8,131
down €8,131 (-8.3%), from €97,537 to €89,406
mainly Contributions, distributions and other (-€187,859) and Current investments (-€74,922)
- Receivables within one year -€7,974
down €7,974 (-100.0%), from €7,974 to €0
- Other debts +€113,454
up €113,454 (+1666.7%), from €6,807 to €120,261
- Reserves -€73,988
down €73,988 (-14.1%), from €524,081 to €450,093
- Gross operating margin -€9,567
down €9,567 (-5.3%), from €178,859 to €169,293
- Taxes +€3,493
up €3,493 (+6.9%), from €50,575 to €54,068
- Financial charges -€2,791
down €2,791 (-96.4%), from €2,893 to €103
- Financial income +€2,318
up €2,318 (+607.9%), from €381 to €2,699
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 | €565,018 | €602,414 | +€37,396 | +6.6% |
| Fixed assets | 21/28 | €6,900 | €3,947 | -€2,953 | -42.8% |
| Tangible fixed assets | 22/27 | €6,800 | €3,847 | -€2,953 | -43.4% |
| Land and buildings | 22 | €6,422 | €3,847 | -€2,575 | -40.1% |
| Furniture and vehicles | 24 | €378 | €0 | -€378 | -100.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €558,118 | €598,467 | +€40,349 | +7.2% |
| Amounts receivable within one year | 40/41 | €7,974 | €0 | -€7,974 | -100.0% |
| Other amounts receivable | 41 | €7,974 | €0 | -€7,974 | -100.0% |
| Current investments | 50/53 | €328,243 | €403,165 | +€74,922 | +22.8% |
| Cash at bank and in hand | 54/58 | €97,537 | €89,406 | -€8,131 | -8.3% |
| Deferred charges and accrued income | 490/1 | €124,364 | €105,896 | -€18,468 | -14.8% |
| Total equity and liabilities | 10/49 | €565,018 | €602,414 | +€37,396 | +6.6% |
| Equity | 10/15 | €544,081 | €470,093 | -€73,988 | -13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €524,081 | €450,093 | -€73,988 | -14.1% |
| Distributable reserves | 133 | €524,081 | €450,093 | -€73,988 | -14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,937 | €132,321 | +€111,384 | +532.0% |
| Amounts payable within one year | 42/48 | €18,661 | €132,321 | +€113,661 | +609.1% |
| Financial debts | 43 | €209 | €0 | -€209 | -100.0% |
| Credit institutions | 430/8 | €209 | €0 | -€209 | -100.0% |
| Trade debts | 44 | €10,310 | €9,404 | -€906 | -8.8% |
| Suppliers | 440/4 | €10,310 | €9,404 | -€906 | -8.8% |
| Taxes, remuneration and social security | 45 | €1,334 | €2,656 | +€1,322 | +99.1% |
| Taxes | 450/3 | €1,334 | €2,656 | +€1,322 | +99.1% |
| Other amounts payable | 47/48 | €6,807 | €120,261 | +€113,454 | +1666.7% |
| Accrued charges and deferred income | 492/3 | €2,277 | €0 | -€2,277 | -100.0% |
| Non-recurring operating income | 76A | €16,528 | €0 | -€16,528 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,943 | €2,953 | -€990 | -25.1% |
| Other operating charges | 640/8 | €994 | €996 | +€2 | +0.2% |
| Gross operating margin | 9900 | €178,859 | €169,293 | -€9,567 | -5.3% |
| Operating profit (loss) | 9901 | €173,922 | €165,343 | -€8,579 | -4.9% |
| Financial income | 75/76B | €381 | €2,699 | +€2,318 | +607.9% |
| Recurring financial income | 75 | €381 | €2,699 | +€2,318 | +607.9% |
| Financial charges | 65/66B | €2,893 | €103 | -€2,791 | -96.4% |
| Recurring financial charges | 65 | €2,893 | €103 | -€2,791 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €171,410 | €167,940 | -€3,470 | -2.0% |
| Income taxes | 67/77 | €50,575 | €54,068 | +€3,493 | +6.9% |
| Profit (loss) for the period | 9904 | €120,835 | €113,871 | -€6,964 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,835 | €113,871 | -€6,964 | -5.8% |
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.