DR. DRIES OPSOMER: 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. DRIES OPSOMER
Largest movements
- Receivables within one year -€303,086
no longer reported in 2025 (was €303,086)
of which Other amounts receivable: -€275,986
- Cash +€205,571
up €205,571 (+1110.8%), from €18,507 to €224,078
mainly Net result for the year (+€618,598) and Receivables within one year (+€303,086)
- Deferred charges and accrued income +€164,512
up €164,512 (+274.2%), from €59,988 to €224,500
- Tangible fixed assets -€28,520
down €28,520 (-12.0%), from €238,450 to €209,931
of which Leasing and similar rights: -€21,900
- Reserves -€173,172
down €173,172 (-99.7%), from €173,770 to €598
- Other debts +€151,161
up €151,161 (+69.2%), from €218,385 to €369,546
- Tax, wage and social debts +€94,665
up €94,665 (+215.0%), from €44,035 to €138,699
of which Taxes: +€94,665
- Debts after one year -€38,742
down €38,742 (-27.1%), from €142,954 to €104,212
- Gross operating margin +€600,201
up €600,201 (+229.5%), from €261,475 to €861,676
- Taxes +€150,489
up €150,489 (+261.3%), from €57,598 to €208,087
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 | €621,081 | €659,559 | +€38,478 | +6.2% |
| Fixed assets | 21/28 | €239,500 | €210,981 | -€28,520 | -11.9% |
| Tangible fixed assets | 22/27 | €238,450 | €209,931 | -€28,520 | -12.0% |
| Plant, machinery and equipment | 23 | €8,500 | €5,388 | -€3,112 | -36.6% |
| Furniture and vehicles | 24 | €13,666 | €18,018 | +€4,352 | +31.8% |
| Leasing and similar rights | 25 | €77,940 | €56,040 | -€21,900 | -28.1% |
| Other tangible fixed assets | 26 | €138,344 | €130,484 | -€7,860 | -5.7% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €381,581 | €448,578 | +€66,998 | +17.6% |
| Amounts receivable within one year | 40/41 | €303,086 | - | -€303,086 | |
| Trade receivables | 40 | €27,100 | - | -€27,100 | |
| Other amounts receivable | 41 | €275,986 | - | -€275,986 | |
| Cash at bank and in hand | 54/58 | €18,507 | €224,078 | +€205,571 | +1110.8% |
| Deferred charges and accrued income | 490/1 | €59,988 | €224,500 | +€164,512 | +274.2% |
| Total equity and liabilities | 10/49 | €621,081 | €659,559 | +€38,478 | +6.2% |
| Equity | 10/15 | €173,870 | €698 | -€173,172 | -99.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €173,770 | €598 | -€173,172 | -99.7% |
| Distributable reserves | 133 | €173,770 | €598 | -€173,172 | -99.7% |
| Amounts payable | 17/49 | €447,211 | €658,861 | +€211,650 | +47.3% |
| Amounts payable after more than one year | 17 | €142,954 | €104,212 | -€38,742 | -27.1% |
| Financial debts | 170/4 | €142,954 | €104,212 | -€38,742 | -27.1% |
| Amounts payable within one year | 42/48 | €304,257 | €554,649 | +€250,392 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €37,287 | €38,742 | +€1,455 | +3.9% |
| Trade debts | 44 | €4,550 | €7,661 | +€3,111 | +68.4% |
| Suppliers | 440/4 | €4,550 | €7,661 | +€3,111 | +68.4% |
| Taxes, remuneration and social security | 45 | €44,035 | €138,699 | +€94,665 | +215.0% |
| Taxes | 450/3 | €42,035 | €136,699 | +€94,665 | +225.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €218,385 | €369,546 | +€151,161 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,495 | €39,979 | +€484 | +1.2% |
| Other operating charges | 640/8 | €3,100 | €1,541 | -€1,558 | -50.3% |
| Gross operating margin | 9900 | €261,475 | €861,676 | +€600,201 | +229.5% |
| Operating profit (loss) | 9901 | €218,881 | €820,155 | +€601,275 | +274.7% |
| Financial income | 75/76B | €20,247 | €13,431 | -€6,816 | -33.7% |
| Recurring financial income | 75 | €20,247 | €13,431 | -€6,816 | -33.7% |
| Financial charges | 65/66B | €7,760 | €6,901 | -€860 | -11.1% |
| Recurring financial charges | 65 | €7,760 | €6,901 | -€860 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €231,367 | €826,685 | +€595,319 | +257.3% |
| Income taxes | 67/77 | €57,598 | €208,087 | +€150,489 | +261.3% |
| Profit (loss) for the period | 9904 | €173,769 | €618,598 | +€444,829 | +256.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,769 | €618,598 | +€444,829 | +256.0% |
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 9 October 2026 via checked.be.