Dr. Deloof Els: what changed
Dr. Deloof Els
Largest movements
- Current investments +€23,176
up €23,176 (+82.7%), from €28,031 to €51,207
- Deferred charges and accrued income -€10,773
down €10,773 (-14.7%), from €73,080 to €62,307
- Cash -€8,389
down €8,389 (-23.3%), from €36,010 to €27,621
mainly Current investments (-€23,176) and Contributions, distributions and other (-€10,500)
- Receivables within one year -€7,723
down €7,723 (-29.1%), from €26,550 to €18,826
of which Other amounts receivable: -€4,024
- Trade debts -€8,472
down €8,472 (-78.7%), from €10,764 to €2,292
- Reserves +€7,780
up €7,780 (+12.1%), from €64,559 to €72,339
of which Distributable reserves: +€7,780
- Short-term financial debts -€5,037
down €5,037 (-57.0%), from €8,842 to €3,804
- Other debts +€2,380
up €2,380 (+28.1%), from €8,474 to €10,854
- Financial charges +€1,508
up €1,508 (+409%), from €369 to €1,877
- Depreciation +€863
up €863 (+67.2%), from €1,286 to €2,149
- Gross operating margin +€813
up €813 (+3.0%), from €27,170 to €27,983
- Financial income -€533
down €533 (-35.1%), from €1,518 to €985
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,169 | €166,020 | -€3,149 | -1.9% |
| Fixed assets | 21/28 | €5,499 | €6,059 | +€560 | +10.2% |
| Tangible fixed assets | 22/27 | €5,311 | €5,871 | +€560 | +10.5% |
| Furniture and vehicles | 24 | €5,311 | €5,871 | +€560 | +10.5% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €163,670 | €159,961 | -€3,709 | -2.3% |
| Amounts receivable within one year | 40/41 | €26,550 | €18,826 | -€7,723 | -29.1% |
| Trade receivables | 40 | €3,700 | €0 | -€3,700 | -100% |
| Other amounts receivable | 41 | €22,850 | €18,826 | -€4,024 | -17.6% |
| Current investments | 50/53 | €28,031 | €51,207 | +€23,176 | +82.7% |
| Cash at bank and in hand | 54/58 | €36,010 | €27,621 | -€8,389 | -23.3% |
| Deferred charges and accrued income | 490/1 | €73,080 | €62,307 | -€10,773 | -14.7% |
| Total equity and liabilities | 10/49 | €169,169 | €166,020 | -€3,149 | -1.9% |
| Equity | 10/15 | €134,413 | €142,192 | +€7,780 | +5.8% |
| Contributions | 10/11 | €5,799 | €5,799 | = | 0.0% |
| Reserves | 13 | €64,559 | €72,339 | +€7,780 | +12.1% |
| Tax-exempt reserves | 132 | €197 | €197 | = | 0.0% |
| Distributable reserves | 133 | €64,362 | €72,141 | +€7,780 | +12.1% |
| Profit (loss) carried forward | 14 | €64,054 | €64,054 | = | 0.0% |
| Amounts payable | 17/49 | €34,756 | €23,828 | -€10,929 | -31.4% |
| Amounts payable within one year | 42/48 | €31,738 | €20,898 | -€10,840 | -34.2% |
| Financial debts | 43 | €8,842 | €3,804 | -€5,037 | -57.0% |
| Credit institutions | 430/8 | €8,842 | €3,804 | -€5,037 | -57.0% |
| Trade debts | 44 | €10,764 | €2,292 | -€8,472 | -78.7% |
| Suppliers | 440/4 | €10,764 | €2,292 | -€8,472 | -78.7% |
| Taxes, remuneration and social security | 45 | €3,659 | €3,947 | +€289 | +7.9% |
| Taxes | 450/3 | €3,659 | €3,947 | +€289 | +7.9% |
| Other amounts payable | 47/48 | €8,474 | €10,854 | +€2,380 | +28.1% |
| Accrued charges and deferred income | 492/3 | €3,018 | €2,930 | -€88 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €2,149 | +€863 | +67.2% |
| Other operating charges | 640/8 | €654 | €727 | +€73 | +11.1% |
| Gross operating margin | 9900 | €27,170 | €27,983 | +€813 | +3.0% |
| Operating profit (loss) | 9901 | €25,231 | €25,107 | -€124 | -0.5% |
| Financial income | 75/76B | €1,518 | €985 | -€533 | -35.1% |
| Recurring financial income | 75 | €1,518 | €985 | -€533 | -35.1% |
| Financial charges | 65/66B | €369 | €1,877 | +€1,508 | +409% |
| Recurring financial charges | 65 | €369 | €1,877 | +€1,508 | +409% |
| Profit (loss) for the period before taxes | 9903 | €26,381 | €24,216 | -€2,165 | -8.2% |
| Income taxes | 67/77 | €5,981 | €5,936 | -€44 | -0.7% |
| Profit (loss) for the period | 9904 | €20,400 | €18,280 | -€2,120 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,400 | €18,280 | -€2,120 | -10.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.