DR. DIDIER STROOBANTS: 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. DIDIER STROOBANTS
Largest movements
- Current investments -€176,117
down €176,117 (-25.6%), from €687,554 to €511,437
- Receivables within one year -€65,221
down €65,221 (-27.8%), from €234,382 to €169,162
of which Other amounts receivable: -€67,148
- Cash -€41,107
down €41,107 (-23.6%), from €174,528 to €133,421
mainly Contributions, distributions and other (-€358,994) and Tax, wage and social debts (-€30,227)
- Tangible fixed assets -€31,267
down €31,267 (-24.8%), from €126,180 to €94,913
- Deferred charges and accrued income +€13,032
up €13,032 (+197%), from €6,624 to €19,656
- Reserves -€247,055
down €247,055 (-22.9%), from €1.1m to €831,062
of which Distributable reserves: -€247,055
- Tax, wage and social debts -€30,227
down €30,227 (-45.1%), from €66,982 to €36,755
of which Taxes: -€30,016
- Debts after one year -€18,236
down €18,236 (-56.3%), from €32,414 to €14,178
- Other debts -€15,801
down €15,801 (-100%), from €15,801 to €0
- Accrued charges and deferred income +€13,867
up €13,867 (+288%), from €4,817 to €18,684
- Gross operating margin -€164,787
down €164,787 (-42.1%), from €391,550 to €226,763
- Taxes -€60,407
down €60,407 (-65.0%), from €92,994 to €32,587
- Financial income +€45,823
up €45,823 (+157%), from €29,257 to €75,080
- Other operating charges +€9,625
up €9,625 (+318%), from €3,028 to €12,653
- Financial charges +€5,276
up €5,276 (+57.1%), from €9,231 to €14,507
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 | €1,229,268 | €928,589 | -€300,679 | -24.5% |
| Fixed assets | 21/28 | €126,180 | €94,913 | -€31,267 | -24.8% |
| Tangible fixed assets | 22/27 | €126,180 | €94,913 | -€31,267 | -24.8% |
| Land and buildings | 22 | €60,010 | €45,356 | -€14,654 | -24.4% |
| Plant, machinery and equipment | 23 | €2,698 | €1,558 | -€1,140 | -42.3% |
| Furniture and vehicles | 24 | €59,225 | €44,044 | -€15,181 | -25.6% |
| Other tangible fixed assets | 26 | €4,248 | €3,956 | -€292 | -6.9% |
| Current assets | 29/58 | €1,103,088 | €833,676 | -€269,413 | -24.4% |
| Amounts receivable within one year | 40/41 | €234,382 | €169,162 | -€65,221 | -27.8% |
| Trade receivables | 40 | €7,415 | €9,342 | +€1,927 | +26.0% |
| Other amounts receivable | 41 | €226,967 | €159,819 | -€67,148 | -29.6% |
| Current investments | 50/53 | €687,554 | €511,437 | -€176,117 | -25.6% |
| Cash at bank and in hand | 54/58 | €174,528 | €133,421 | -€41,107 | -23.6% |
| Deferred charges and accrued income | 490/1 | €6,624 | €19,656 | +€13,032 | +197% |
| Total equity and liabilities | 10/49 | €1,229,268 | €928,589 | -€300,679 | -24.5% |
| Equity | 10/15 | €1,078,517 | €831,462 | -€247,055 | -22.9% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €1,078,117 | €831,062 | -€247,055 | -22.9% |
| Tax-exempt reserves | 132 | €4,566 | €4,566 | = | 0.0% |
| Distributable reserves | 133 | €1,073,550 | €826,496 | -€247,055 | -23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,752 | €97,127 | -€53,624 | -35.6% |
| Amounts payable after more than one year | 17 | €32,414 | €14,178 | -€18,236 | -56.3% |
| Financial debts | 170/4 | €32,414 | €14,178 | -€18,236 | -56.3% |
| Amounts payable within one year | 42/48 | €113,521 | €64,266 | -€49,255 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €27,652 | €26,660 | -€992 | -3.6% |
| Trade debts | 44 | €3,087 | €851 | -€2,236 | -72.4% |
| Suppliers | 440/4 | €3,087 | €851 | -€2,236 | -72.4% |
| Taxes, remuneration and social security | 45 | €66,982 | €36,755 | -€30,227 | -45.1% |
| Taxes | 450/3 | €55,007 | €24,991 | -€30,016 | -54.6% |
| Remuneration and social security | 454/9 | €11,974 | €11,764 | -€210 | -1.8% |
| Other amounts payable | 47/48 | €15,801 | €0 | -€15,801 | -100% |
| Accrued charges and deferred income | 492/3 | €4,817 | €18,684 | +€13,867 | +288% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €97,152 | €98,889 | +€1,737 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,780 | €31,267 | -€513 | -1.6% |
| Other operating charges | 640/8 | €3,028 | €12,653 | +€9,625 | +318% |
| Gross operating margin | 9900 | €391,550 | €226,763 | -€164,787 | -42.1% |
| Operating profit (loss) | 9901 | €259,590 | €83,953 | -€175,637 | -67.7% |
| Financial income | 75/76B | €29,257 | €75,080 | +€45,823 | +157% |
| Recurring financial income | 75 | €29,257 | €75,080 | +€45,823 | +157% |
| Financial charges | 65/66B | €9,231 | €14,507 | +€5,276 | +57.1% |
| Recurring financial charges | 65 | €9,231 | €14,507 | +€5,276 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €279,616 | €144,526 | -€135,090 | -48.3% |
| Income taxes | 67/77 | €92,994 | €32,587 | -€60,407 | -65.0% |
| Profit (loss) for the period | 9904 | €186,622 | €111,939 | -€74,683 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €186,622 | €111,939 | -€74,683 | -40.0% |
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 13 October 2026 via checked.be.