Dr. DEKEYSER Tara: 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. DEKEYSER Tara
Largest movements
- Cash -€80,946
down €80,946 (-55.6%), from €145,546 to €64,600
mainly Contributions, distributions and other (-€221,703) and Investment in fixed assets (net) (-€85,192)
- Receivables after one year -€80,000
no longer reported in 2025 (was €80,000)
- Deferred charges and accrued income +€70,237
up €70,237 (+1,024%), from €6,859 to €77,096
- Tangible fixed assets +€66,270
up €66,270 (+43.0%), from €154,083 to €220,353
of which Land and buildings: +€60,291
- Other debts -€43,151
down €43,151 (-17.6%), from €245,029 to €201,878
- Debts after one year +€18,424
up €18,424 (+14.0%), from €131,206 to €149,630
- Gross operating margin -€15,111
down €15,111 (-4.6%), from €327,791 to €312,680
- Taxes -€7,764
down €7,764 (-10.5%), from €73,764 to €65,999
- Depreciation +€5,165
up €5,165 (+37.5%), from €13,756 to €18,921
- Financial charges +€4,505
up €4,505 (+346%), from €1,303 to €5,807
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 | €387,124 | €362,685 | -€24,439 | -6.3% |
| Fixed assets | 21/28 | €154,083 | €220,353 | +€66,270 | +43.0% |
| Tangible fixed assets | 22/27 | €154,083 | €220,353 | +€66,270 | +43.0% |
| Land and buildings | 22 | €145,816 | €206,107 | +€60,291 | +41.3% |
| Plant, machinery and equipment | 23 | - | €3,066 | +€3,066 | |
| Furniture and vehicles | 24 | €8,267 | €11,180 | +€2,913 | +35.2% |
| Current assets | 29/58 | €233,041 | €142,332 | -€90,710 | -38.9% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Trade receivables | 290 | €80,000 | - | -€80,000 | |
| Amounts receivable within one year | 40/41 | €636 | €636 | = | 0.0% |
| Other amounts receivable | 41 | €636 | €636 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,546 | €64,600 | -€80,946 | -55.6% |
| Deferred charges and accrued income | 490/1 | €6,859 | €77,096 | +€70,237 | +1,024% |
| Total equity and liabilities | 10/49 | €387,124 | €362,685 | -€24,439 | -6.3% |
| Equity | 10/15 | €3,509 | €3,000 | -€509 | -14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €509 | - | -€509 | |
| Amounts payable | 17/49 | €383,615 | €359,685 | -€23,930 | -6.2% |
| Amounts payable after more than one year | 17 | €131,206 | €149,630 | +€18,424 | +14.0% |
| Financial debts | 170/4 | €131,206 | €149,630 | +€18,424 | +14.0% |
| Amounts payable within one year | 42/48 | €252,409 | €209,996 | -€42,412 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €6,557 | €6,791 | +€234 | +3.6% |
| Trade debts | 44 | €8 | €328 | +€319 | +3,762% |
| Suppliers | 440/4 | €8 | €328 | +€319 | +3,762% |
| Taxes, remuneration and social security | 45 | €814 | €999 | +€185 | +22.8% |
| Taxes | 450/3 | €814 | €999 | +€185 | +22.8% |
| Other amounts payable | 47/48 | €245,029 | €201,878 | -€43,151 | -17.6% |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,756 | €18,921 | +€5,165 | +37.5% |
| Other operating charges | 640/8 | €720 | €1,507 | +€787 | +109% |
| Gross operating margin | 9900 | €327,791 | €312,680 | -€15,111 | -4.6% |
| Operating profit (loss) | 9901 | €313,315 | €292,252 | -€21,064 | -6.7% |
| Financial income | 75/76B | €2,244 | €749 | -€1,495 | -66.6% |
| Recurring financial income | 75 | €2,244 | €749 | -€1,495 | -66.6% |
| Financial charges | 65/66B | €1,303 | €5,807 | +€4,505 | +346% |
| Recurring financial charges | 65 | €1,303 | €5,807 | +€4,505 | +346% |
| Profit (loss) for the period before taxes | 9903 | €314,256 | €287,193 | -€27,063 | -8.6% |
| Income taxes | 67/77 | €73,764 | €65,999 | -€7,764 | -10.5% |
| Profit (loss) for the period | 9904 | €240,493 | €221,194 | -€19,299 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €240,493 | €221,194 | -€19,299 | -8.0% |
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 15 October 2026 via checked.be.