DR. HILDE DURANT: what changed
DR. HILDE DURANT
Largest movements
- Receivables within one year +€178,742
up €178,742 (+119%), from €150,413 to €329,154
of which Other amounts receivable: +€178,742
- Cash -€153,930
down €153,930 (-74.1%), from €207,792 to €53,862
mainly Receivables within one year (-€178,742) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€82,141
down €82,141 (-53.1%), from €154,682 to €72,541
of which Plant, machinery and equipment: -€61,937
- Other debts -€49,846
down €49,846 (-33.2%), from €150,000 to €100,154
- Debts after one year -€38,186
down €38,186 (-85.6%), from €44,588 to €6,402
- Reserves +€36,264
up €36,264 (+16.7%), from €217,001 to €253,265
of which Distributable reserves: +€36,264
- Short-term financial debts -€11,981
down €11,981 (-58.8%), from €20,390 to €8,409
- Tax, wage and social debts +€5,349
up €5,349 (+28.7%), from €18,625 to €23,974
of which Taxes: +€2,886
- Gross operating margin -€881,481
down €881,481 (-73.6%), from €1.2m to €316,075
- Taxes -€229,789
down €229,789 (-83.3%), from €275,717 to €45,928
- Financial income -€49,021
down €49,021 (-92.3%), from €53,117 to €4,096
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 | €526,454 | €468,680 | -€57,774 | -11.0% |
| Fixed assets | 21/28 | €159,459 | €77,344 | -€82,115 | -51.5% |
| Tangible fixed assets | 22/27 | €154,682 | €72,541 | -€82,141 | -53.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €92,052 | €30,115 | -€61,937 | -67.3% |
| Furniture and vehicles | 24 | €3,275 | €1,325 | -€1,950 | -59.5% |
| Other tangible fixed assets | 26 | €59,355 | €41,100 | -€18,255 | -30.8% |
| Financial fixed assets | 28 | €4,776 | €4,803 | +€27 | +0.6% |
| Current assets | 29/58 | €366,996 | €391,336 | +€24,340 | +6.6% |
| Amounts receivable within one year | 40/41 | €150,413 | €329,154 | +€178,742 | +119% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €150,413 | €329,154 | +€178,742 | +119% |
| Cash at bank and in hand | 54/58 | €207,792 | €53,862 | -€153,930 | -74.1% |
| Deferred charges and accrued income | 490/1 | €8,791 | €8,320 | -€471 | -5.4% |
| Total equity and liabilities | 10/49 | €526,454 | €468,680 | -€57,774 | -11.0% |
| Equity | 10/15 | €223,201 | €259,465 | +€36,264 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €217,001 | €253,265 | +€36,264 | +16.7% |
| Tax-exempt reserves | 132 | €81,553 | €81,553 | = | 0.0% |
| Distributable reserves | 133 | €135,447 | €171,711 | +€36,264 | +26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,254 | €209,216 | -€94,038 | -31.0% |
| Amounts payable after more than one year | 17 | €44,588 | €6,402 | -€38,186 | -85.6% |
| Financial debts | 170/4 | €44,588 | €6,402 | -€38,186 | -85.6% |
| Amounts payable within one year | 42/48 | €258,666 | €202,814 | -€55,852 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €37,805 | €38,598 | +€793 | +2.1% |
| Financial debts | 43 | €20,390 | €8,409 | -€11,981 | -58.8% |
| Credit institutions | 430/8 | €20,390 | €8,409 | -€11,981 | -58.8% |
| Trade debts | 44 | €31,845 | €31,678 | -€167 | -0.5% |
| Suppliers | 440/4 | €31,845 | €31,678 | -€167 | -0.5% |
| Taxes, remuneration and social security | 45 | €18,625 | €23,974 | +€5,349 | +28.7% |
| Taxes | 450/3 | €8,525 | €11,411 | +€2,886 | +33.9% |
| Remuneration and social security | 454/9 | €10,100 | €12,563 | +€2,463 | +24.4% |
| Other amounts payable | 47/48 | €150,000 | €100,154 | -€49,846 | -33.2% |
| Non-recurring operating income | 76A | €759,505 | €0 | -€759,505 | -100% |
| Remuneration, social security and pensions | 62 | €61,352 | €51,626 | -€9,726 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,141 | €82,141 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,480 | €1,419 | -€5,062 | -78.1% |
| Gross operating margin | 9900 | €1,197,556 | €316,075 | -€881,481 | -73.6% |
| Operating profit (loss) | 9901 | €1,047,583 | €180,889 | -€866,694 | -82.7% |
| Financial income | 75/76B | €53,117 | €4,096 | -€49,021 | -92.3% |
| Recurring financial income | 75 | €53,117 | €4,096 | -€49,021 | -92.3% |
| Financial charges | 65/66B | €5,312 | €2,793 | -€2,520 | -47.4% |
| Recurring financial charges | 65 | €5,312 | €2,793 | -€2,520 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €1,095,388 | €182,192 | -€913,195 | -83.4% |
| Income taxes | 67/77 | €275,717 | €45,928 | -€229,789 | -83.3% |
| Profit (loss) for the period | 9904 | €819,671 | €136,264 | -€683,407 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €819,671 | €136,264 | -€683,407 | -83.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.