Dr Delsa Justine: what changed
Dr Delsa Justine
Largest movements
- Cash -€60,693
down €60,693 (-98.4%), from €61,697 to €1,003
mainly Net result for the year (-€55,669) and Receivables within one year (-€36,310)
- Receivables within one year +€36,310
up €36,310 (+47.0%), from €77,180 to €113,490
of which Other amounts receivable: +€36,821
- Tangible fixed assets -€21,557
down €21,557 (-40.8%), from €52,815 to €31,258
of which Furniture and vehicles: -€21,057
- Deferred charges and accrued income -€15,480
down €15,480 (-91.1%), from €16,991 to €1,511
- Intangible fixed assets -€6,000
down €6,000 (-23.2%), from €25,907 to €19,907
- Profit (loss) carried forward -€57,069
down €57,069, from €22,855 to -€34,214
- Tax, wage and social debts +€14,888
up €14,888 (+89.4%), from €16,647 to €31,534
- Debts after one year -€14,759
down €14,759 (-33.3%), from €44,366 to €29,607
- Current portion of long-term debt -€7,793
down €7,793 (-34.6%), from €22,552 to €14,759
- Trade debts -€2,687
down €2,687 (-77.8%), from €3,451 to €765
- Gross operating margin -€322,746
down €322,746, from €292,461 to -€30,285
- Financial charges -€69,317
down €69,317 (-97.0%), from €71,455 to €2,138
- Purchases and services +€62,734
new in 2025: €62,734
- Taxes -€50,944
down €50,944 (-98.6%), from €51,684 to €740
- Turnover +€23,713
new in 2025: €23,713
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 | €234,590 | €167,169 | -€67,420 | -28.7% |
| Fixed assets | 21/28 | €78,722 | €51,165 | -€27,557 | -35.0% |
| Intangible fixed assets | 21 | €25,907 | €19,907 | -€6,000 | -23.2% |
| Tangible fixed assets | 22/27 | €52,815 | €31,258 | -€21,557 | -40.8% |
| Plant, machinery and equipment | 23 | €2,159 | €1,659 | -€500 | -23.2% |
| Furniture and vehicles | 24 | €50,656 | €29,599 | -€21,057 | -41.6% |
| Current assets | 29/58 | €155,868 | €116,004 | -€39,863 | -25.6% |
| Amounts receivable within one year | 40/41 | €77,180 | €113,490 | +€36,310 | +47.0% |
| Trade receivables | 40 | €561 | €50 | -€511 | -91.1% |
| Other amounts receivable | 41 | €76,619 | €113,440 | +€36,821 | +48.1% |
| Cash at bank and in hand | 54/58 | €61,697 | €1,003 | -€60,693 | -98.4% |
| Deferred charges and accrued income | 490/1 | €16,991 | €1,511 | -€15,480 | -91.1% |
| Total equity and liabilities | 10/49 | €234,590 | €167,169 | -€67,420 | -28.7% |
| Equity | 10/15 | €147,574 | €90,504 | -€57,069 | -38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,319 | €112,319 | = | 0.0% |
| Distributable reserves | 133 | €112,319 | €112,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,855 | -€34,214 | -€57,069 | |
| Amounts payable | 17/49 | €87,016 | €76,665 | -€10,351 | -11.9% |
| Amounts payable after more than one year | 17 | €44,366 | €29,607 | -€14,759 | -33.3% |
| Financial debts | 170/4 | €44,366 | €29,607 | -€14,759 | -33.3% |
| Amounts payable within one year | 42/48 | €42,650 | €47,058 | +€4,408 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €22,552 | €14,759 | -€7,793 | -34.6% |
| Trade debts | 44 | €3,451 | €765 | -€2,687 | -77.8% |
| Suppliers | 440/4 | €3,451 | €765 | -€2,687 | -77.8% |
| Taxes, remuneration and social security | 45 | €16,647 | €31,534 | +€14,888 | +89.4% |
| Taxes | 450/3 | €16,647 | €31,534 | +€14,888 | +89.4% |
| Turnover | 70 | - | €23,713 | +€23,713 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €62,734 | +€62,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €27,557 | +€9,340 | +51.3% |
| Other operating charges | 640/8 | €511 | €100 | -€411 | -80.4% |
| Gross operating margin | 9900 | €292,461 | -€30,285 | -€322,746 | |
| Operating profit (loss) | 9901 | €273,734 | -€57,942 | -€331,675 | |
| Financial income | 75/76B | €1,723 | €5,150 | +€3,426 | +199% |
| Recurring financial income | 75 | €1,723 | €5,150 | +€3,426 | +199% |
| Financial charges | 65/66B | €71,455 | €2,138 | -€69,317 | -97.0% |
| Recurring financial charges | 65 | €71,455 | €2,138 | -€69,317 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €204,002 | -€54,929 | -€258,932 | |
| Income taxes | 67/77 | €51,684 | €740 | -€50,944 | -98.6% |
| Profit (loss) for the period | 9904 | €152,319 | -€55,669 | -€207,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,319 | -€55,669 | -€207,988 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.