DR. HILDE DE BACKER: 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. HILDE DE BACKER
Largest movements
- Deferred charges and accrued income +€25,984
up €25,984 (+150%), from €17,378 to €43,362
- Tangible fixed assets +€13,974
up €13,974 (+11.4%), from €122,686 to €136,660
of which Leasing and similar rights: +€32,857
- Cash -€8,755
down €8,755 (-27.5%), from €31,844 to €23,089
mainly Contributions, distributions and other (-€44,445) and Investment in fixed assets (net) (-€41,237)
- Current investments -€7,493
down €7,493 (-3.7%), from €200,253 to €192,760
- Reserves +€30,961
up €30,961 (+10.5%), from €294,977 to €325,938
- Tax, wage and social debts -€22,974
no longer reported in 2025 (was €22,974)
- Current portion of long-term debt +€7,474
up €7,474 (+30.1%), from €24,852 to €32,325
- Debts after one year +€5,291
up €5,291 (+9.9%), from €53,710 to €59,001
- Depreciation +€6,494
up €6,494 (+31.3%), from €20,769 to €27,262
- Other operating charges +€4,835
up €4,835 (+549%), from €880 to €5,715
- Taxes -€3,478
down €3,478 (-10.5%), from €33,087 to €29,610
- Financial income +€2,615
up €2,615 (+117%), from €2,233 to €4,848
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 | €407,449 | €431,871 | +€24,422 | +6.0% |
| Fixed assets | 21/28 | €122,686 | €136,660 | +€13,974 | +11.4% |
| Tangible fixed assets | 22/27 | €122,686 | €136,660 | +€13,974 | +11.4% |
| Furniture and vehicles | 24 | €61,077 | €45,683 | -€15,394 | -25.2% |
| Leasing and similar rights | 25 | - | €32,857 | +€32,857 | |
| Other tangible fixed assets | 26 | €61,609 | €58,121 | -€3,488 | -5.7% |
| Current assets | 29/58 | €284,763 | €295,211 | +€10,448 | +3.7% |
| Amounts receivable within one year | 40/41 | €35,288 | €36,000 | +€712 | +2.0% |
| Other amounts receivable | 41 | €35,288 | €36,000 | +€712 | +2.0% |
| Current investments | 50/53 | €200,253 | €192,760 | -€7,493 | -3.7% |
| Cash at bank and in hand | 54/58 | €31,844 | €23,089 | -€8,755 | -27.5% |
| Deferred charges and accrued income | 490/1 | €17,378 | €43,362 | +€25,984 | +150% |
| Total equity and liabilities | 10/49 | €407,449 | €431,871 | +€24,422 | +6.0% |
| Equity | 10/15 | €301,177 | €332,138 | +€30,961 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,977 | €325,938 | +€30,961 | +10.5% |
| Distributable reserves | 133 | €294,977 | €325,938 | +€30,961 | +10.5% |
| Amounts payable | 17/49 | €106,272 | €99,733 | -€6,538 | -6.2% |
| Amounts payable after more than one year | 17 | €53,710 | €59,001 | +€5,291 | +9.9% |
| Financial debts | 170/4 | €53,710 | €59,001 | +€5,291 | +9.9% |
| Amounts payable within one year | 42/48 | €52,562 | €40,732 | -€11,830 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €24,852 | €32,325 | +€7,474 | +30.1% |
| Financial debts | 43 | €362 | €17 | -€345 | -95.4% |
| Credit institutions | 430/8 | €362 | €17 | -€345 | -95.4% |
| Trade debts | 44 | €3,391 | €7,558 | +€4,166 | +123% |
| Suppliers | 440/4 | €3,391 | €7,558 | +€4,166 | +123% |
| Taxes, remuneration and social security | 45 | €22,974 | - | -€22,974 | |
| Taxes | 450/3 | €22,974 | - | -€22,974 | |
| Other amounts payable | 47/48 | €983 | €833 | -€150 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,769 | €27,262 | +€6,494 | +31.3% |
| Other operating charges | 640/8 | €880 | €5,715 | +€4,835 | +549% |
| Gross operating margin | 9900 | €136,535 | €136,501 | -€34 | 0.0% |
| Operating profit (loss) | 9901 | €114,886 | €103,523 | -€11,363 | -9.9% |
| Financial income | 75/76B | €2,233 | €4,848 | +€2,615 | +117% |
| Recurring financial income | 75 | €2,233 | €4,848 | +€2,615 | +117% |
| Financial charges | 65/66B | €2,916 | €3,357 | +€441 | +15.1% |
| Recurring financial charges | 65 | €2,916 | €3,357 | +€441 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €114,203 | €105,015 | -€9,188 | -8.0% |
| Income taxes | 67/77 | €33,087 | €29,610 | -€3,478 | -10.5% |
| Profit (loss) for the period | 9904 | €81,116 | €75,405 | -€5,710 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,116 | €75,405 | -€5,710 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.