Dr.Derijcke Koen: 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.Derijcke Koen
Largest movements
- Current investments +€28,003
up €28,003 (+6.8%), from €411,211 to €439,214
- Tangible fixed assets +€19,495
up €19,495 (+6.8%), from €285,929 to €305,424
of which Other tangible fixed assets: +€18,339
- Other debts +€18,340
up €18,340 (+39.4%), from €46,553 to €64,893
- Reserves +€15,149
up €15,149 (+3.4%), from €445,692 to €460,841
- Debts after one year -€14,457
down €14,457 (-8.9%), from €162,473 to €148,016
- Trade debts +€12,402
up €12,402 (+120%), from €10,316 to €22,718
- Tax, wage and social debts +€8,434
up €8,434 (+74.8%), from €11,274 to €19,708
of which Taxes: +€6,160
- Gross operating margin +€24,685
up €24,685 (+20.6%), from €119,874 to €144,559
- Taxes +€7,024
up €7,024 (+21.3%), from €32,948 to €39,972
- Financial income +€2,931
up €2,931 (+105%), from €2,787 to €5,718
- Staff costs +€2,437
new in 2025: €2,437
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 | €723,510 | €763,986 | +€40,476 | +5.6% |
| Fixed assets | 21/28 | €285,929 | €305,424 | +€19,495 | +6.8% |
| Tangible fixed assets | 22/27 | €285,929 | €305,424 | +€19,495 | +6.8% |
| Land and buildings | 22 | €254,141 | €246,616 | -€7,525 | -3.0% |
| Plant, machinery and equipment | 23 | €864 | €8,513 | +€7,649 | +885% |
| Furniture and vehicles | 24 | €25,634 | €26,667 | +€1,033 | +4.0% |
| Other tangible fixed assets | 26 | €5,290 | €23,629 | +€18,339 | +347% |
| Current assets | 29/58 | €437,580 | €458,561 | +€20,981 | +4.8% |
| Current investments | 50/53 | €411,211 | €439,214 | +€28,003 | +6.8% |
| Cash at bank and in hand | 54/58 | €24,928 | €18,188 | -€6,740 | -27.0% |
| Deferred charges and accrued income | 490/1 | €1,441 | €1,160 | -€282 | -19.5% |
| Total equity and liabilities | 10/49 | €723,510 | €763,986 | +€40,476 | +5.6% |
| Equity | 10/15 | €458,211 | €473,360 | +€15,149 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €445,692 | €460,841 | +€15,149 | +3.4% |
| Distributable reserves | 133 | €445,692 | €460,841 | +€15,149 | +3.4% |
| Profit (loss) carried forward | 14 | €120 | €120 | = | 0.0% |
| Amounts payable | 17/49 | €265,298 | €290,626 | +€25,328 | +9.5% |
| Amounts payable after more than one year | 17 | €162,473 | €148,016 | -€14,457 | -8.9% |
| Financial debts | 170/4 | €162,473 | €148,016 | -€14,457 | -8.9% |
| Amounts payable within one year | 42/48 | €102,825 | €142,609 | +€39,785 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €13,849 | €14,457 | +€608 | +4.4% |
| Financial debts | 43 | €20,833 | €20,833 | = | 0.0% |
| Credit institutions | 430/8 | €20,833 | €20,833 | = | 0.0% |
| Trade debts | 44 | €10,316 | €22,718 | +€12,402 | +120% |
| Suppliers | 440/4 | €10,316 | €22,718 | +€12,402 | +120% |
| Taxes, remuneration and social security | 45 | €11,274 | €19,708 | +€8,434 | +74.8% |
| Taxes | 450/3 | €11,274 | €17,435 | +€6,160 | +54.6% |
| Remuneration and social security | 454/9 | - | €2,274 | +€2,274 | |
| Other amounts payable | 47/48 | €46,553 | €64,893 | +€18,340 | +39.4% |
| Remuneration, social security and pensions | 62 | - | €2,437 | +€2,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,727 | €14,977 | +€250 | +1.7% |
| Other operating charges | 640/8 | €2,569 | €2,713 | +€144 | +5.6% |
| Gross operating margin | 9900 | €119,874 | €144,559 | +€24,685 | +20.6% |
| Operating profit (loss) | 9901 | €102,578 | €124,433 | +€21,854 | +21.3% |
| Financial income | 75/76B | €2,787 | €5,718 | +€2,931 | +105% |
| Recurring financial income | 75 | €2,787 | €5,718 | +€2,931 | +105% |
| Financial charges | 65/66B | €9,914 | €8,830 | -€1,083 | -10.9% |
| Recurring financial charges | 65 | €9,914 | €8,830 | -€1,083 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €95,452 | €121,320 | +€25,869 | +27.1% |
| Income taxes | 67/77 | €32,948 | €39,972 | +€7,024 | +21.3% |
| Profit (loss) for the period | 9904 | €62,504 | €81,349 | +€18,845 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,504 | €81,349 | +€18,845 | +30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.