DR. G&S: 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. G&S
Largest movements
- Current investments -€45,500
no longer reported in 2025 (was €45,500)
- Cash +€42,844
up €42,844 (+18.7%), from €228,886 to €271,731
mainly Net result for the year (+€300,659) and Current investments (+€45,500)
- Receivables within one year +€35,000
new in 2025: €35,000
- Tangible fixed assets -€9,582
down €9,582 (-14.5%), from €66,186 to €56,604
of which Furniture and vehicles: -€13,701
- Reserves +€20,659
up €20,659 (+28.8%), from €71,680 to €92,340
- Tax, wage and social debts +€16,401
up €16,401 (+361%), from €4,540 to €20,940
- Trade debts -€8,218
down €8,218 (-77.8%), from €10,565 to €2,348
- Other debts -€4,579
down €4,579 (-1.8%), from €253,786 to €249,208
- Gross operating margin +€89,157
up €89,157 (+26.9%), from €330,997 to €420,153
- Taxes +€19,862
up €19,862 (+25.6%), from €77,478 to €97,340
- Depreciation +€6,355
up €6,355 (+32.0%), from €19,872 to €26,227
- Financial income -€5,157
down €5,157 (-52.7%), from €9,794 to €4,637
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 | €340,573 | €365,181 | +€24,609 | +7.2% |
| Fixed assets | 21/28 | €66,186 | €56,604 | -€9,582 | -14.5% |
| Tangible fixed assets | 22/27 | €66,186 | €56,604 | -€9,582 | -14.5% |
| Land and buildings | 22 | €5,359 | €4,619 | -€740 | -13.8% |
| Plant, machinery and equipment | 23 | €3,476 | €8,335 | +€4,858 | +140% |
| Furniture and vehicles | 24 | €57,351 | €43,650 | -€13,701 | -23.9% |
| Current assets | 29/58 | €274,386 | €308,577 | +€34,191 | +12.5% |
| Amounts receivable within one year | 40/41 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | - | €35,000 | +€35,000 | |
| Current investments | 50/53 | €45,500 | - | -€45,500 | |
| Cash at bank and in hand | 54/58 | €228,886 | €271,731 | +€42,844 | +18.7% |
| Deferred charges and accrued income | 490/1 | - | €1,846 | +€1,846 | |
| Total equity and liabilities | 10/49 | €340,573 | €365,181 | +€24,609 | +7.2% |
| Equity | 10/15 | €71,681 | €92,341 | +€20,659 | +28.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €71,680 | €92,340 | +€20,659 | +28.8% |
| Distributable reserves | 133 | €71,680 | €92,340 | +€20,659 | +28.8% |
| Amounts payable | 17/49 | €268,891 | €272,840 | +€3,949 | +1.5% |
| Amounts payable within one year | 42/48 | €268,891 | €272,840 | +€3,949 | +1.5% |
| Financial debts | 43 | - | €345 | +€345 | |
| Credit institutions | 430/8 | - | €345 | +€345 | |
| Trade debts | 44 | €10,565 | €2,348 | -€8,218 | -77.8% |
| Suppliers | 440/4 | €10,565 | €2,348 | -€8,218 | -77.8% |
| Taxes, remuneration and social security | 45 | €4,540 | €20,940 | +€16,401 | +361% |
| Taxes | 450/3 | €4,540 | €20,940 | +€16,401 | +361% |
| Other amounts payable | 47/48 | €253,786 | €249,208 | -€4,579 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,872 | €26,227 | +€6,355 | +32.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €330,997 | €420,153 | +€89,157 | +26.9% |
| Operating profit (loss) | 9901 | €310,619 | €393,407 | +€82,787 | +26.7% |
| Financial income | 75/76B | €9,794 | €4,637 | -€5,157 | -52.7% |
| Recurring financial income | 75 | €9,794 | €4,637 | -€5,157 | -52.7% |
| Financial charges | 65/66B | €165 | €45 | -€120 | -72.6% |
| Recurring financial charges | 65 | €165 | €45 | -€120 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €320,249 | €397,999 | +€77,750 | +24.3% |
| Income taxes | 67/77 | €77,478 | €97,340 | +€19,862 | +25.6% |
| Profit (loss) for the period | 9904 | €242,771 | €300,659 | +€57,888 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €242,771 | €300,659 | +€57,888 | +23.8% |
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 14 October 2026 via checked.be.