DR. Dhollander Isabel: 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. Dhollander Isabel
Largest movements
- Current investments +€104,871
up €104,871 (+23.4%), from €448,019 to €552,890
- Cash -€61,038
down €61,038 (-48.0%), from €127,270 to €66,232
mainly Current investments (-€104,871) and Contributions, distributions and other (-€88,704)
- Intangible fixed assets -€15,000
down €15,000 (-63.2%), from €23,750 to €8,750
- Deferred charges and accrued income -€7,896
down €7,896 (-75.4%), from €10,477 to €2,581
- Reserves +€9,310
up €9,310 (+1.6%), from €584,892 to €594,202
of which Distributable reserves: +€9,310
- Gross operating margin +€27,330
up €27,330 (+24.5%), from €111,677 to €139,007
- Taxes +€12,446
up €12,446 (+46.5%), from €26,771 to €39,217
- Financial income +€8,506
up €8,506 (+126%), from €6,773 to €15,278
- Financial charges -€3,782
down €3,782 (-87.7%), from €4,312 to €531
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 | €653,747 | €678,460 | +€24,713 | +3.8% |
| Fixed assets | 21/28 | €67,575 | €51,637 | -€15,939 | -23.6% |
| Intangible fixed assets | 21 | €23,750 | €8,750 | -€15,000 | -63.2% |
| Tangible fixed assets | 22/27 | €1,835 | €896 | -€939 | -51.2% |
| Furniture and vehicles | 24 | €289 | €896 | +€607 | +210% |
| Leasing and similar rights | 25 | €1,546 | €0 | -€1,546 | -100% |
| Financial fixed assets | 28 | €41,990 | €41,990 | = | 0.0% |
| Current assets | 29/58 | €586,171 | €626,823 | +€40,651 | +6.9% |
| Amounts receivable within one year | 40/41 | €405 | €5,120 | +€4,715 | +1,164% |
| Other amounts receivable | 41 | €405 | €5,120 | +€4,715 | +1,164% |
| Current investments | 50/53 | €448,019 | €552,890 | +€104,871 | +23.4% |
| Cash at bank and in hand | 54/58 | €127,270 | €66,232 | -€61,038 | -48.0% |
| Deferred charges and accrued income | 490/1 | €10,477 | €2,581 | -€7,896 | -75.4% |
| Total equity and liabilities | 10/49 | €653,747 | €678,460 | +€24,713 | +3.8% |
| Equity | 10/15 | €597,292 | €606,602 | +€9,310 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €584,892 | €594,202 | +€9,310 | +1.6% |
| Tax-exempt reserves | 132 | €5,811 | €5,811 | = | 0.0% |
| Distributable reserves | 133 | €579,082 | €588,392 | +€9,310 | +1.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,455 | €71,857 | +€15,403 | +27.3% |
| Amounts payable within one year | 42/48 | €56,455 | €71,857 | +€15,403 | +27.3% |
| Trade debts | 44 | €39,418 | €45,749 | +€6,332 | +16.1% |
| Suppliers | 440/4 | €39,418 | €45,749 | +€6,332 | +16.1% |
| Taxes, remuneration and social security | 45 | €9,507 | €15,390 | +€5,883 | +61.9% |
| Taxes | 450/3 | €9,507 | €15,390 | +€5,883 | +61.9% |
| Other amounts payable | 47/48 | €7,530 | €10,718 | +€3,188 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,800 | €15,939 | +€139 | +0.9% |
| Other operating charges | 640/8 | €573 | €586 | +€12 | +2.2% |
| Gross operating margin | 9900 | €111,677 | €139,007 | +€27,330 | +24.5% |
| Operating profit (loss) | 9901 | €95,304 | €122,483 | +€27,179 | +28.5% |
| Financial income | 75/76B | €6,773 | €15,278 | +€8,506 | +126% |
| Recurring financial income | 75 | €6,773 | €15,278 | +€8,506 | +126% |
| Financial charges | 65/66B | €4,312 | €531 | -€3,782 | -87.7% |
| Recurring financial charges | 65 | €4,312 | €531 | -€3,782 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €97,764 | €137,231 | +€39,466 | +40.4% |
| Income taxes | 67/77 | €26,771 | €39,217 | +€12,446 | +46.5% |
| Profit (loss) for the period | 9904 | €70,994 | €98,014 | +€27,021 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,994 | €98,014 | +€27,021 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.