DR. EESTERMANS: what changed
Two fiscal 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. EESTERMANS
Largest movements
- Receivables within one year -€18,881
down €18,881 (-26.3%), from €71,727 to €52,846
- Cash +€9,344
up €9,344 (+18.5%), from €50,500 to €59,844
mainly Net result for the year (+€81,361) and Receivables within one year (+€18,881)
- Deferred charges and accrued income +€2,643
up €2,643 (+205.5%), from €1,286 to €3,929
- Other debts -€83,046
down €83,046 (-97.7%), from €85,000 to €1,954
- Reserves +€81,350
up €81,350 (+1096.8%), from €7,417 to €88,767
- Tax, wage and social debts -€2,600
down €2,600 (-32.7%), from €7,950 to €5,350
- Trade debts -€1,715
down €1,715 (-49.9%), from €3,437 to €1,722
- Gross operating margin -€10,268
down €10,268 (-7.8%), from €132,008 to €121,740
- Taxes -€2,167
down €2,167 (-6.7%), from €32,113 to €29,946
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,703 | €143,233 | -€7,470 | -5.0% |
| Fixed assets | 21/28 | €27,190 | €26,614 | -€576 | -2.1% |
| Tangible fixed assets | 22/27 | €27,190 | €26,614 | -€576 | -2.1% |
| Plant, machinery and equipment | 23 | €12,975 | €9,722 | -€3,253 | -25.1% |
| Furniture and vehicles | 24 | €7,493 | €11,724 | +€4,231 | +56.5% |
| Other tangible fixed assets | 26 | €6,722 | €5,168 | -€1,554 | -23.1% |
| Current assets | 29/58 | €123,513 | €116,619 | -€6,894 | -5.6% |
| Amounts receivable within one year | 40/41 | €71,727 | €52,846 | -€18,881 | -26.3% |
| Other amounts receivable | 41 | €71,727 | €52,846 | -€18,881 | -26.3% |
| Cash at bank and in hand | 54/58 | €50,500 | €59,844 | +€9,344 | +18.5% |
| Deferred charges and accrued income | 490/1 | €1,286 | €3,929 | +€2,643 | +205.5% |
| Total equity and liabilities | 10/49 | €150,703 | €143,233 | -€7,470 | -5.0% |
| Equity | 10/15 | €26,017 | €107,378 | +€81,361 | +312.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,417 | €88,767 | +€81,350 | +1096.8% |
| Distributable reserves | 133 | €7,417 | €88,767 | +€81,350 | +1096.8% |
| Profit (loss) carried forward | 14 | - | €11 | +€11 | |
| Amounts payable | 17/49 | €124,686 | €35,855 | -€88,831 | -71.2% |
| Amounts payable after more than one year | 17 | €1,829 | €359 | -€1,470 | -80.4% |
| Financial debts | 170/4 | €1,829 | €359 | -€1,470 | -80.4% |
| Amounts payable within one year | 42/48 | €122,857 | €35,496 | -€87,361 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €1,470 | €1,470 | = | 0.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €3,437 | €1,722 | -€1,715 | -49.9% |
| Suppliers | 440/4 | €3,437 | €1,722 | -€1,715 | -49.9% |
| Taxes, remuneration and social security | 45 | €7,950 | €5,350 | -€2,600 | -32.7% |
| Taxes | 450/3 | €7,950 | €5,350 | -€2,600 | -32.7% |
| Other amounts payable | 47/48 | €85,000 | €1,954 | -€83,046 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,371 | €9,346 | +€975 | +11.6% |
| Other operating charges | 640/8 | €3,113 | €3,538 | +€425 | +13.7% |
| Gross operating margin | 9900 | €132,008 | €121,740 | -€10,268 | -7.8% |
| Operating profit (loss) | 9901 | €120,524 | €108,856 | -€11,668 | -9.7% |
| Financial income | 75/76B | €2,439 | €2,987 | +€548 | +22.5% |
| Recurring financial income | 75 | €2,439 | €2,987 | +€548 | +22.5% |
| Financial charges | 65/66B | €611 | €536 | -€75 | -12.3% |
| Recurring financial charges | 65 | €611 | €536 | -€75 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €122,352 | €111,307 | -€11,045 | -9.0% |
| Income taxes | 67/77 | €32,113 | €29,946 | -€2,167 | -6.7% |
| Profit (loss) for the period | 9904 | €90,239 | €81,361 | -€8,878 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,239 | €81,361 | -€8,878 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.