Dr. Herlinde Bossaert: what changed
Dr. Herlinde Bossaert
Largest movements
- Cash -€83,977
down €83,977 (-83.0%), from €101,155 to €17,178
mainly Investment in fixed assets (net) (-€103,316) and Debts after one year (-€29,383)
- Tangible fixed assets +€52,506
up €52,506 (+8.0%), from €656,465 to €708,971
of which Land and buildings: +€42,939
- Receivables within one year +€15,808
new in 2025: €15,808
- Reserves +€36,674
up €36,674 (+36.4%), from €100,809 to €137,483
- Debts after one year -€29,383
down €29,383 (-4.9%), from €596,450 to €567,066
- Tax, wage and social debts -€15,323
down €15,323 (-76.4%), from €20,056 to €4,733
of which Taxes: -€16,845
- Gross operating margin -€16,096
down €16,096 (-10.1%), from €158,820 to €142,725
- Staff costs +€9,324
up €9,324 (+35.5%), from €26,285 to €35,609
- Taxes -€8,306
down €8,306 (-49.8%), from €16,665 to €8,359
- Depreciation +€5,346
up €5,346 (+11.8%), from €45,464 to €50,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,056 | €752,285 | -€14,771 | -1.9% |
| Fixed assets | 21/28 | €656,465 | €708,971 | +€52,506 | +8.0% |
| Tangible fixed assets | 22/27 | €656,465 | €708,971 | +€52,506 | +8.0% |
| Land and buildings | 22 | €553,520 | €596,459 | +€42,939 | +7.8% |
| Plant, machinery and equipment | 23 | €98,948 | €109,132 | +€10,183 | +10.3% |
| Furniture and vehicles | 24 | €3,997 | €3,380 | -€616 | -15.4% |
| Current assets | 29/58 | €110,591 | €43,314 | -€67,277 | -60.8% |
| Amounts receivable within one year | 40/41 | - | €15,808 | +€15,808 | |
| Other amounts receivable | 41 | - | €15,808 | +€15,808 | |
| Cash at bank and in hand | 54/58 | €101,155 | €17,178 | -€83,977 | -83.0% |
| Deferred charges and accrued income | 490/1 | €9,436 | €10,328 | +€892 | +9.5% |
| Total equity and liabilities | 10/49 | €767,056 | €752,285 | -€14,771 | -1.9% |
| Equity | 10/15 | €105,809 | €142,483 | +€36,674 | +34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,809 | €137,483 | +€36,674 | +36.4% |
| Distributable reserves | 133 | €100,809 | €137,483 | +€36,674 | +36.4% |
| Amounts payable | 17/49 | €661,247 | €609,802 | -€51,445 | -7.8% |
| Amounts payable after more than one year | 17 | €596,450 | €567,066 | -€29,383 | -4.9% |
| Financial debts | 170/4 | €596,450 | €567,066 | -€29,383 | -4.9% |
| Amounts payable within one year | 42/48 | €64,377 | €42,736 | -€21,642 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €28,879 | €29,383 | +€505 | +1.7% |
| Trade debts | 44 | €8,847 | €8,619 | -€228 | -2.6% |
| Suppliers | 440/4 | €8,847 | €8,619 | -€228 | -2.6% |
| Taxes, remuneration and social security | 45 | €20,056 | €4,733 | -€15,323 | -76.4% |
| Taxes | 450/3 | €16,845 | - | -€16,845 | |
| Remuneration and social security | 454/9 | €3,211 | €4,733 | +€1,522 | +47.4% |
| Other amounts payable | 47/48 | €6,595 | - | -€6,595 | |
| Accrued charges and deferred income | 492/3 | €420 | - | -€420 | |
| Remuneration, social security and pensions | 62 | €26,285 | €35,609 | +€9,324 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,464 | €50,810 | +€5,346 | +11.8% |
| Other operating charges | 640/8 | €1,470 | €1,524 | +€54 | +3.6% |
| Gross operating margin | 9900 | €158,820 | €142,725 | -€16,096 | -10.1% |
| Operating profit (loss) | 9901 | €85,601 | €54,782 | -€30,819 | -36.0% |
| Financial income | 75/76B | €91 | €1,001 | +€910 | +1,000% |
| Recurring financial income | 75 | €91 | €1,001 | +€910 | +1,000% |
| Financial charges | 65/66B | €11,871 | €10,750 | -€1,121 | -9.4% |
| Recurring financial charges | 65 | €11,871 | €10,750 | -€1,121 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €73,821 | €45,033 | -€28,788 | -39.0% |
| Income taxes | 67/77 | €16,665 | €8,359 | -€8,306 | -49.8% |
| Profit (loss) for the period | 9904 | €57,156 | €36,674 | -€20,482 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,156 | €36,674 | -€20,482 | -35.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.