DR DERYCK OLIVIER: what changed
DR DERYCK OLIVIER
Largest movements
- Tangible fixed assets -€17,982
down €17,982 (-9.4%), from €192,175 to €174,193
of which Land and buildings: -€24,571
- Cash -€15,196
down €15,196 (-6.5%), from €232,790 to €217,595
mainly Contributions, distributions and other (-€97,000) and Tax, wage and social debts (-€23,106)
- Current investments -€14,000
down €14,000 (-3.8%), from €369,970 to €355,970
- Receivables within one year +€11,934
new in 2025: €11,934
of which Other amounts receivable: +€11,513
- Other debts +€85,009
up €85,009 (+1,187%), from €7,164 to €92,173
- Reserves -€75,964
down €75,964 (-13.3%), from €572,570 to €496,606
of which Distributable reserves: -€75,964
- Tax, wage and social debts -€23,106
down €23,106 (-34.1%), from €67,778 to €44,673
- Debts after one year -€21,384
down €21,384 (-20.3%), from €105,421 to €84,037
- Gross operating margin -€92,800
down €92,800 (-58.8%), from €157,863 to €65,063
- Taxes -€30,143
down €30,143 (-78.0%), from €38,630 to €8,487
- Depreciation +€2,807
up €2,807 (+10.9%), from €25,763 to €28,570
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 | €795,382 | €759,983 | -€35,398 | -4.5% |
| Fixed assets | 21/28 | €192,175 | €174,193 | -€17,982 | -9.4% |
| Tangible fixed assets | 22/27 | €192,175 | €174,193 | -€17,982 | -9.4% |
| Land and buildings | 22 | €177,831 | €153,260 | -€24,571 | -13.8% |
| Furniture and vehicles | 24 | €14,344 | €20,933 | +€6,589 | +45.9% |
| Current assets | 29/58 | €603,207 | €585,790 | -€17,416 | -2.9% |
| Amounts receivable within one year | 40/41 | - | €11,934 | +€11,934 | |
| Trade receivables | 40 | - | €421 | +€421 | |
| Other amounts receivable | 41 | - | €11,513 | +€11,513 | |
| Current investments | 50/53 | €369,970 | €355,970 | -€14,000 | -3.8% |
| Cash at bank and in hand | 54/58 | €232,790 | €217,595 | -€15,196 | -6.5% |
| Deferred charges and accrued income | 490/1 | €446 | €292 | -€154 | -34.6% |
| Total equity and liabilities | 10/49 | €795,382 | €759,983 | -€35,398 | -4.5% |
| Equity | 10/15 | €591,170 | €515,206 | -€75,964 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €572,570 | €496,606 | -€75,964 | -13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €570,710 | €494,746 | -€75,964 | -13.3% |
| Amounts payable | 17/49 | €204,212 | €244,778 | +€40,566 | +19.9% |
| Amounts payable after more than one year | 17 | €105,421 | €84,037 | -€21,384 | -20.3% |
| Financial debts | 170/4 | €105,421 | €84,037 | -€21,384 | -20.3% |
| Amounts payable within one year | 42/48 | €98,791 | €160,740 | +€61,949 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €20,546 | €21,384 | +€838 | +4.1% |
| Trade debts | 44 | €3,303 | €2,511 | -€792 | -24.0% |
| Suppliers | 440/4 | €3,303 | €2,511 | -€792 | -24.0% |
| Taxes, remuneration and social security | 45 | €67,778 | €44,673 | -€23,106 | -34.1% |
| Taxes | 450/3 | €67,778 | €44,673 | -€23,106 | -34.1% |
| Other amounts payable | 47/48 | €7,164 | €92,173 | +€85,009 | +1,187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,763 | €28,570 | +€2,807 | +10.9% |
| Other operating charges | 640/8 | €3,104 | €3,164 | +€61 | +2.0% |
| Gross operating margin | 9900 | €157,863 | €65,063 | -€92,800 | -58.8% |
| Operating profit (loss) | 9901 | €128,996 | €33,328 | -€95,668 | -74.2% |
| Financial income | 75/76B | €1,348 | €1,440 | +€92 | +6.8% |
| Recurring financial income | 75 | €1,348 | €1,440 | +€92 | +6.8% |
| Financial charges | 65/66B | €6,211 | €5,245 | -€966 | -15.6% |
| Recurring financial charges | 65 | €6,211 | €5,245 | -€966 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €124,132 | €29,523 | -€94,610 | -76.2% |
| Income taxes | 67/77 | €38,630 | €8,487 | -€30,143 | -78.0% |
| Profit (loss) for the period | 9904 | €85,502 | €21,036 | -€64,466 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,502 | €21,036 | -€64,466 | -75.4% |
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 5 November 2026 via checked.be.