DR. GILLARDIN PATRICK: 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. GILLARDIN PATRICK
Largest movements
- Cash +€57,600
up €57,600 (+44.8%), from €128,666 to €186,266
mainly Net result for the year (+€509,963) and Other debts (+€30,694)
- Tangible fixed assets -€15,333
down €15,333 (-22.0%), from €69,634 to €54,302
of which Furniture and vehicles: -€8,566
- Other debts +€30,694
up €30,694 (+6.3%), from €485,642 to €516,336
- Short-term financial debts +€10,355
up €10,355, from €0 to €10,355
- Current portion of long-term debt -€8,434
down €8,434 (-100%), from €8,434 to €0
- Tax, wage and social debts +€7,813
up €7,813 (+36.4%), from €21,445 to €29,258
- Gross operating margin +€28,770
up €28,770 (+4.3%), from €663,367 to €692,137
- Taxes +€10,007
up €10,007 (+6.5%), from €154,533 to €164,541
- Depreciation -€9,599
down €9,599 (-38.5%), from €24,932 to €15,333
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 | €535,980 | €574,549 | +€38,568 | +7.2% |
| Fixed assets | 21/28 | €69,734 | €54,402 | -€15,333 | -22.0% |
| Tangible fixed assets | 22/27 | €69,634 | €54,302 | -€15,333 | -22.0% |
| Land and buildings | 22 | €49,000 | €42,233 | -€6,767 | -13.8% |
| Furniture and vehicles | 24 | €20,635 | €12,069 | -€8,566 | -41.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €466,246 | €520,147 | +€53,901 | +11.6% |
| Amounts receivable within one year | 40/41 | €3,212 | €3,260 | +€48 | +1.5% |
| Trade receivables | 40 | €3,212 | €3,260 | +€48 | +1.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €4,540 | €4,574 | +€35 | +0.8% |
| Cash at bank and in hand | 54/58 | €128,666 | €186,266 | +€57,600 | +44.8% |
| Deferred charges and accrued income | 490/1 | €329,829 | €326,047 | -€3,782 | -1.1% |
| Total equity and liabilities | 10/49 | €535,980 | €574,549 | +€38,568 | +7.2% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €515,520 | €555,949 | +€40,428 | +7.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €515,520 | €555,949 | +€40,428 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €8,434 | €0 | -€8,434 | -100% |
| Financial debts | 43 | €0 | €10,355 | +€10,355 | |
| Credit institutions | 430/8 | €0 | €10,355 | +€10,355 | |
| Taxes, remuneration and social security | 45 | €21,445 | €29,258 | +€7,813 | +36.4% |
| Taxes | 450/3 | €21,445 | €29,258 | +€7,813 | +36.4% |
| Other amounts payable | 47/48 | €485,642 | €516,336 | +€30,694 | +6.3% |
| Remuneration, social security and pensions | 62 | €0 | €796 | +€796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,932 | €15,333 | -€9,599 | -38.5% |
| Other operating charges | 640/8 | €259 | €266 | +€6 | +2.4% |
| Gross operating margin | 9900 | €663,367 | €692,137 | +€28,770 | +4.3% |
| Operating profit (loss) | 9901 | €638,176 | €675,743 | +€37,566 | +5.9% |
| Financial income | 75/76B | €48 | €477 | +€429 | +885% |
| Recurring financial income | 75 | €48 | €477 | +€429 | +885% |
| Financial charges | 65/66B | €2,939 | €1,716 | -€1,223 | -41.6% |
| Recurring financial charges | 65 | €2,939 | €1,716 | -€1,223 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €635,286 | €674,504 | +€39,218 | +6.2% |
| Income taxes | 67/77 | €154,533 | €164,541 | +€10,007 | +6.5% |
| Profit (loss) for the period | 9904 | €480,752 | €509,963 | +€29,211 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €480,752 | €509,963 | +€29,211 | +6.1% |
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 18 October 2026 via checked.be.