DR. DYKMANS-DR. STEVENS: 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. DYKMANS-DR. STEVENS
Largest movements
- Receivables within one year +€89,063
up €89,063 (+9.0%), from €986,560 to €1.1m
of which Other amounts receivable: +€126,504
- Tangible fixed assets -€37,903
down €37,903 (-9.9%), from €381,452 to €343,550
of which Land and buildings: -€30,852
- Cash +€22,591
up €22,591 (+22.6%), from €99,785 to €122,376
mainly Net result for the year (+€328,216) and Depreciation (+€47,229)
- Reserves +€128,216
up €128,216 (+10.2%), from €1.3m to €1.4m
of which Distributable reserves: +€128,216
- Debts after one year -€42,965
down €42,965 (-78.4%), from €54,800 to €11,835
- Current portion of long-term debt -€39,858
down €39,858 (-48.1%), from €82,823 to €42,965
- Short-term financial debts +€26,989
up €26,989 (+95.4%), from €28,298 to €55,287
- Gross operating margin +€15,548
up €15,548 (+3.7%), from €421,562 to €437,110
- Taxes +€4,634
up €4,634 (+4.5%), from €101,918 to €106,552
- Financial income +€4,492
up €4,492 (+9.0%), from €50,049 to €54,541
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 | €1,467,798 | €1,541,549 | +€73,751 | +5.0% |
| Fixed assets | 21/28 | €381,452 | €343,550 | -€37,903 | -9.9% |
| Tangible fixed assets | 22/27 | €381,452 | €343,550 | -€37,903 | -9.9% |
| Land and buildings | 22 | €351,640 | €320,789 | -€30,852 | -8.8% |
| Plant, machinery and equipment | 23 | €27,648 | €17,441 | -€10,208 | -36.9% |
| Furniture and vehicles | 24 | €2,164 | €5,320 | +€3,156 | +146% |
| Current assets | 29/58 | €1,086,346 | €1,198,000 | +€111,654 | +10.3% |
| Amounts receivable within one year | 40/41 | €986,560 | €1,075,623 | +€89,063 | +9.0% |
| Trade receivables | 40 | €37,987 | €545 | -€37,441 | -98.6% |
| Other amounts receivable | 41 | €948,574 | €1,075,078 | +€126,504 | +13.3% |
| Cash at bank and in hand | 54/58 | €99,785 | €122,376 | +€22,591 | +22.6% |
| Total equity and liabilities | 10/49 | €1,467,798 | €1,541,549 | +€73,751 | +5.0% |
| Equity | 10/15 | €1,273,450 | €1,401,666 | +€128,216 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,254,850 | €1,383,066 | +€128,216 | +10.2% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,189 | €7,189 | = | 0.0% |
| Distributable reserves | 133 | €1,247,661 | €1,375,877 | +€128,216 | +10.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €194,348 | €139,883 | -€54,465 | -28.0% |
| Amounts payable after more than one year | 17 | €54,800 | €11,835 | -€42,965 | -78.4% |
| Financial debts | 170/4 | €54,800 | €11,835 | -€42,965 | -78.4% |
| Amounts payable within one year | 42/48 | €139,548 | €128,048 | -€11,500 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €82,823 | €42,965 | -€39,858 | -48.1% |
| Financial debts | 43 | €28,298 | €55,287 | +€26,989 | +95.4% |
| Credit institutions | 430/8 | €28,298 | €55,287 | +€26,989 | +95.4% |
| Trade debts | 44 | €4,868 | €6,326 | +€1,458 | +29.9% |
| Suppliers | 440/4 | €4,868 | €6,326 | +€1,458 | +29.9% |
| Taxes, remuneration and social security | 45 | €23,560 | €23,470 | -€90 | -0.4% |
| Taxes | 450/3 | €23,560 | €23,470 | -€90 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,087 | €47,229 | +€1,142 | +2.5% |
| Other operating charges | 640/8 | €5,066 | €5,851 | +€785 | +15.5% |
| Non-recurring operating charges | 66A | €324 | €0 | -€324 | -100% |
| Gross operating margin | 9900 | €421,562 | €437,110 | +€15,548 | +3.7% |
| Operating profit (loss) | 9901 | €370,086 | €384,031 | +€13,945 | +3.8% |
| Financial income | 75/76B | €50,049 | €54,541 | +€4,492 | +9.0% |
| Recurring financial income | 75 | €50,049 | €54,541 | +€4,492 | +9.0% |
| Financial charges | 65/66B | €5,579 | €3,804 | -€1,775 | -31.8% |
| Recurring financial charges | 65 | €5,579 | €3,804 | -€1,775 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €414,556 | €434,768 | +€20,212 | +4.9% |
| Income taxes | 67/77 | €101,918 | €106,552 | +€4,634 | +4.5% |
| Profit (loss) for the period | 9904 | €312,638 | €328,216 | +€15,578 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €312,638 | €328,216 | +€15,578 | +5.0% |
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 24 October 2026 via checked.be.