DR. GREET DE BOCK: 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. GREET DE BOCK
Largest movements
- Cash +€63,874
up €63,874 (+36.3%), from €175,744 to €239,618
mainly Net result for the year (+€62,224) and Other debts (+€41,085)
- Tangible fixed assets -€15,074
down €15,074 (-20.9%), from €72,091 to €57,017
of which Furniture and vehicles: -€12,134
- Other debts +€41,085
up €41,085 (+69.7%), from €58,966 to €100,051
- Reserves +€10,181
up €10,181 (+3.5%), from €288,509 to €298,690
- Gross operating margin +€57,811
up €57,811 (+123%), from €46,820 to €104,631
- Taxes +€14,637
up €14,637 (+158%), from €9,242 to €23,879
- Depreciation +€3,665
up €3,665 (+24.9%), from €14,724 to €18,389
- Financial income +€1,883
up €1,883 (+99.1%), from €1,899 to €3,782
- Financial charges +€1,832
up €1,832 (+158%), from €1,159 to €2,991
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 | €372,340 | €423,413 | +€51,073 | +13.7% |
| Fixed assets | 21/28 | €72,091 | €57,017 | -€15,074 | -20.9% |
| Tangible fixed assets | 22/27 | €72,091 | €57,017 | -€15,074 | -20.9% |
| Land and buildings | 22 | €10,857 | €7,916 | -€2,941 | -27.1% |
| Furniture and vehicles | 24 | €61,234 | €49,101 | -€12,134 | -19.8% |
| Current assets | 29/58 | €300,249 | €366,396 | +€66,148 | +22.0% |
| Amounts receivable within one year | 40/41 | €9,260 | €12,842 | +€3,583 | +38.7% |
| Trade receivables | 40 | €268 | €587 | +€319 | +119% |
| Other amounts receivable | 41 | €8,992 | €12,256 | +€3,264 | +36.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,744 | €239,618 | +€63,874 | +36.3% |
| Deferred charges and accrued income | 490/1 | €15,245 | €13,936 | -€1,309 | -8.6% |
| Total equity and liabilities | 10/49 | €372,340 | €423,413 | +€51,073 | +13.7% |
| Equity | 10/15 | €300,909 | €311,090 | +€10,181 | +3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,509 | €298,690 | +€10,181 | +3.5% |
| Distributable reserves | 133 | €288,509 | €298,690 | +€10,181 | +3.5% |
| Amounts payable | 17/49 | €71,431 | €112,324 | +€40,893 | +57.2% |
| Amounts payable within one year | 42/48 | €66,192 | €105,355 | +€39,163 | +59.2% |
| Trade debts | 44 | €4,226 | €4,436 | +€210 | +5.0% |
| Suppliers | 440/4 | €4,226 | €4,436 | +€210 | +5.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €868 | -€2,132 | -71.1% |
| Taxes | 450/3 | €3,000 | €868 | -€2,132 | -71.1% |
| Other amounts payable | 47/48 | €58,966 | €100,051 | +€41,085 | +69.7% |
| Accrued charges and deferred income | 492/3 | €5,239 | €6,969 | +€1,730 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,724 | €18,389 | +€3,665 | +24.9% |
| Other operating charges | 640/8 | €1,495 | €930 | -€565 | -37.8% |
| Gross operating margin | 9900 | €46,820 | €104,631 | +€57,811 | +123% |
| Operating profit (loss) | 9901 | €30,601 | €85,312 | +€54,711 | +179% |
| Financial income | 75/76B | €1,899 | €3,782 | +€1,883 | +99.1% |
| Recurring financial income | 75 | €1,899 | €3,782 | +€1,883 | +99.1% |
| Financial charges | 65/66B | €1,159 | €2,991 | +€1,832 | +158% |
| Recurring financial charges | 65 | €1,159 | €2,991 | +€1,832 | +158% |
| Profit (loss) for the period before taxes | 9903 | €31,342 | €86,103 | +€54,761 | +175% |
| Income taxes | 67/77 | €9,242 | €23,879 | +€14,637 | +158% |
| Profit (loss) for the period | 9904 | €22,100 | €62,224 | +€40,124 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €22,100 | €62,224 | +€40,124 | +182% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.