Dr. DU GERNIER: what changed
Dr. DU GERNIER
Largest movements
- Cash +€32,637
up €32,637 (+9.5%), from €344,513 to €377,150
mainly Net result for the year (+€91,933) and Other debts (+€7,061)
- Reserves +€46,489
up €46,489 (+21.5%), from €216,478 to €262,967
- Tax, wage and social debts -€16,703
down €16,703 (-52.6%), from €31,757 to €15,054
of which Taxes: -€8,837
- Other debts +€7,061
up €7,061 (+19.0%), from €37,188 to €44,248
- Trade debts -€4,975
down €4,975 (-96.9%), from €5,134 to €159
- Gross operating margin -€23,171
down €23,171 (-14.9%), from €155,799 to €132,628
- Taxes -€7,941
down €7,941 (-17.6%), from €45,064 to €37,123
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,604 | €381,475 | +€31,872 | +9.1% |
| Fixed assets | 21/28 | €1,255 | €452 | -€803 | -64.0% |
| Tangible fixed assets | 22/27 | €1,255 | €452 | -€803 | -64.0% |
| Plant, machinery and equipment | 23 | €1,255 | €452 | -€803 | -64.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €348,349 | €381,023 | +€32,675 | +9.4% |
| Cash at bank and in hand | 54/58 | €344,513 | €377,150 | +€32,637 | +9.5% |
| Deferred charges and accrued income | 490/1 | €3,836 | €3,873 | +€37 | +1.0% |
| Total equity and liabilities | 10/49 | €349,604 | €381,475 | +€31,872 | +9.1% |
| Equity | 10/15 | €275,526 | €322,014 | +€46,489 | +16.9% |
| Contributions | 10/11 | €59,047 | €59,047 | = | 0.0% |
| Reserves | 13 | €216,478 | €262,967 | +€46,489 | +21.5% |
| Distributable reserves | 133 | €216,478 | €262,967 | +€46,489 | +21.5% |
| Amounts payable | 17/49 | €74,078 | €59,461 | -€14,617 | -19.7% |
| Amounts payable within one year | 42/48 | €74,078 | €59,461 | -€14,617 | -19.7% |
| Trade debts | 44 | €5,134 | €159 | -€4,975 | -96.9% |
| Suppliers | 440/4 | €5,134 | €159 | -€4,975 | -96.9% |
| Taxes, remuneration and social security | 45 | €31,757 | €15,054 | -€16,703 | -52.6% |
| Taxes | 450/3 | €23,891 | €15,054 | -€8,837 | -37.0% |
| Remuneration and social security | 454/9 | €7,866 | - | -€7,866 | |
| Other amounts payable | 47/48 | €37,188 | €44,248 | +€7,061 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803 | €803 | = | 0.0% |
| Other operating charges | 640/8 | €1,055 | €1,010 | -€45 | -4.2% |
| Gross operating margin | 9900 | €155,799 | €132,628 | -€23,171 | -14.9% |
| Operating profit (loss) | 9901 | €153,941 | €130,815 | -€23,126 | -15.0% |
| Financial income | 75/76B | €346 | €394 | +€48 | +14.0% |
| Recurring financial income | 75 | €346 | €394 | +€48 | +14.0% |
| Financial charges | 65/66B | €2,578 | €2,152 | -€425 | -16.5% |
| Recurring financial charges | 65 | €2,578 | €2,152 | -€425 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €151,709 | €129,056 | -€22,652 | -14.9% |
| Income taxes | 67/77 | €45,064 | €37,123 | -€7,941 | -17.6% |
| Profit (loss) for the period | 9904 | €106,645 | €91,933 | -€14,712 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,645 | €91,933 | -€14,712 | -13.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.