DR. DESAIVE PATRICK: what changed
Two fiscal 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. DESAIVE PATRICK
Largest movements
- Cash +€32,375
up €32,375 (+47.7%), from €67,823 to €100,198
mainly Depreciation (+€15,095) and Net result for the year (+€12,736)
- Tangible fixed assets -€15,095
down €15,095 (-24.9%), from €60,638 to €45,543
of which Furniture and vehicles: -€10,862
- Receivables within one year -€8,557
down €8,557 (-18.4%), from €46,564 to €38,007
of which Other amounts receivable: -€12,288
- Profit (loss) carried forward +€12,736
up €12,736 (+30.5%), from -€41,802 to -€29,066
- Current portion of long-term debt -€5,907
down €5,907 (-91.6%), from €6,446 to €540
- Gross operating margin +€62,762
up €62,762, from -€31,510 to €31,252
- Other operating charges +€819
up €819 (+98.2%), from €833 to €1,652
- Depreciation -€559
down €559 (-3.6%), from €15,654 to €15,095
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.
Cash bridge derived
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 | €184,166 | €193,239 | +€9,072 | +4.9% |
| Fixed assets | 21/28 | €60,638 | €45,543 | -€15,095 | -24.9% |
| Tangible fixed assets | 22/27 | €60,638 | €45,543 | -€15,095 | -24.9% |
| Land and buildings | 22 | €12,231 | €10,780 | -€1,451 | -11.9% |
| Furniture and vehicles | 24 | €13,025 | €2,163 | -€10,862 | -83.4% |
| Other tangible fixed assets | 26 | €35,382 | €32,601 | -€2,782 | -7.9% |
| Current assets | 29/58 | €123,528 | €147,696 | +€24,167 | +19.6% |
| Amounts receivable within one year | 40/41 | €46,564 | €38,007 | -€8,557 | -18.4% |
| Trade receivables | 40 | €2,582 | €6,313 | +€3,731 | +144.5% |
| Other amounts receivable | 41 | €43,982 | €31,694 | -€12,288 | -27.9% |
| Cash at bank and in hand | 54/58 | €67,823 | €100,198 | +€32,375 | +47.7% |
| Deferred charges and accrued income | 490/1 | €9,142 | €9,491 | +€349 | +3.8% |
| Total equity and liabilities | 10/49 | €184,166 | €193,239 | +€9,072 | +4.9% |
| Equity | 10/15 | €169,956 | €182,692 | +€12,736 | +7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €193,208 | €193,208 | = | 0.0% |
| Distributable reserves | 133 | €193,208 | €193,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,802 | -€29,066 | +€12,736 | +30.5% |
| Amounts payable | 17/49 | €14,210 | €10,546 | -€3,664 | -25.8% |
| Amounts payable after more than one year | 17 | €540 | - | -€540 | |
| Financial debts | 170/4 | €540 | - | -€540 | |
| Amounts payable within one year | 42/48 | €13,671 | €10,546 | -€3,124 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €6,446 | €540 | -€5,907 | -91.6% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €3,175 | €5,059 | +€1,884 | +59.3% |
| Suppliers | 440/4 | €3,175 | €5,059 | +€1,884 | +59.3% |
| Taxes, remuneration and social security | 45 | €50 | €948 | +€898 | +1809.5% |
| Taxes | 450/3 | €50 | €948 | +€898 | +1809.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €15,095 | -€559 | -3.6% |
| Other operating charges | 640/8 | €833 | €1,652 | +€819 | +98.2% |
| Gross operating margin | 9900 | -€31,510 | €31,252 | +€62,762 | |
| Operating profit (loss) | 9901 | -€47,998 | €14,505 | +€62,502 | |
| Financial charges | 65/66B | €1,186 | €1,378 | +€192 | +16.2% |
| Recurring financial charges | 65 | €1,186 | €1,378 | +€192 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,183 | €13,126 | +€62,310 | |
| Income taxes | 67/77 | €393 | €390 | -€3 | -0.6% |
| Profit (loss) for the period | 9904 | -€49,576 | €12,736 | +€62,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,576 | €12,736 | +€62,312 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.