DR. DILLEN C.: 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. DILLEN C.
Largest movements
- Cash +€803,409
up €803,409 (+162%), from €494,911 to €1.3m
mainly Current investments (+€652,610) and Net result for the year (+€199,434)
- Current investments -€652,610
down €652,610 (-100%), from €652,610 to €0
- Receivables within one year +€76,623
up €76,623 (+46.9%), from €163,345 to €239,969
of which Trade receivables: +€79,459
- Tangible fixed assets -€48,455
down €48,455 (-6.5%), from €739,855 to €691,400
of which Plant, machinery and equipment: -€38,766
- Reserves +€162,592
up €162,592 (+8.5%), from €1.9m to €2.1m
of which Distributable reserves: +€162,592
- Gross operating margin -€38,580
down €38,580 (-7.4%), from €518,121 to €479,541
- Financial charges +€25,632
up €25,632 (+431%), from €5,942 to €31,574
- Taxes -€14,226
down €14,226 (-13.0%), from €109,223 to €94,997
- Financial income +€6,297
up €6,297 (+160%), from €3,932 to €10,229
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 | €2,067,327 | €2,240,845 | +€173,517 | +8.4% |
| Fixed assets | 21/28 | €740,026 | €691,571 | -€48,455 | -6.5% |
| Tangible fixed assets | 22/27 | €739,855 | €691,400 | -€48,455 | -6.5% |
| Land and buildings | 22 | €530,357 | €513,257 | -€17,100 | -3.2% |
| Plant, machinery and equipment | 23 | €203,298 | €164,532 | -€38,766 | -19.1% |
| Furniture and vehicles | 24 | €6,200 | €13,611 | +€7,411 | +120% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €1,327,301 | €1,549,274 | +€221,972 | +16.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €163,345 | €239,969 | +€76,623 | +46.9% |
| Trade receivables | 40 | €153,970 | €233,428 | +€79,459 | +51.6% |
| Other amounts receivable | 41 | €9,376 | €6,540 | -€2,835 | -30.2% |
| Current investments | 50/53 | €652,610 | €0 | -€652,610 | -100% |
| Cash at bank and in hand | 54/58 | €494,911 | €1,298,320 | +€803,409 | +162% |
| Deferred charges and accrued income | 490/1 | €16,435 | €10,984 | -€5,451 | -33.2% |
| Total equity and liabilities | 10/49 | €2,067,327 | €2,240,845 | +€173,517 | +8.4% |
| Equity | 10/15 | €1,933,523 | €2,096,115 | +€162,592 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,921,123 | €2,083,715 | +€162,592 | +8.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,921,123 | €2,083,715 | +€162,592 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,805 | €144,730 | +€10,925 | +8.2% |
| Amounts payable within one year | 42/48 | €133,805 | €144,730 | +€10,925 | +8.2% |
| Financial debts | 43 | €356 | €467 | +€111 | +31.0% |
| Credit institutions | 430/8 | €356 | €467 | +€111 | +31.0% |
| Trade debts | 44 | €32,471 | €49,684 | +€17,213 | +53.0% |
| Suppliers | 440/4 | €32,471 | €49,684 | +€17,213 | +53.0% |
| Taxes, remuneration and social security | 45 | €69,954 | €59,607 | -€10,347 | -14.8% |
| Taxes | 450/3 | €60,498 | €49,816 | -€10,682 | -17.7% |
| Remuneration and social security | 454/9 | €9,456 | €9,791 | +€335 | +3.5% |
| Other amounts payable | 47/48 | €31,023 | €34,971 | +€3,948 | +12.7% |
| Non-recurring operating income | 76A | €22,032 | €0 | -€22,032 | -100% |
| Remuneration, social security and pensions | 62 | €86,918 | €89,342 | +€2,424 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,879 | €67,813 | -€2,065 | -3.0% |
| Other operating charges | 640/8 | €6,501 | €6,608 | +€108 | +1.7% |
| Gross operating margin | 9900 | €518,121 | €479,541 | -€38,580 | -7.4% |
| Operating profit (loss) | 9901 | €354,824 | €315,777 | -€39,047 | -11.0% |
| Financial income | 75/76B | €3,932 | €10,229 | +€6,297 | +160% |
| Recurring financial income | 75 | €3,932 | €10,229 | +€6,297 | +160% |
| Financial charges | 65/66B | €5,942 | €31,574 | +€25,632 | +431% |
| Recurring financial charges | 65 | €5,942 | €31,574 | +€25,632 | +431% |
| Profit (loss) for the period before taxes | 9903 | €352,813 | €294,431 | -€58,382 | -16.5% |
| Income taxes | 67/77 | €109,223 | €94,997 | -€14,226 | -13.0% |
| Profit (loss) for the period | 9904 | €243,590 | €199,434 | -€44,156 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €243,590 | €199,434 | -€44,156 | -18.1% |
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 15 October 2026 via checked.be.