Dr. Itte Dobbeleir: what changed
Two fiscal 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. Itte Dobbeleir
Largest movements
- Current investments +€33,524
up €33,524 (+11.8%), from €283,817 to €317,341
- Cash -€12,787
down €12,787 (-22.6%), from €56,609 to €43,822
mainly Contributions, distributions and other (-€116,600) and Tax, wage and social debts (-€42,524)
- Tax, wage and social debts -€42,524
down €42,524 (-45.9%), from €92,650 to €50,126
- Other debts +€42,218
up €42,218 (+164.5%), from €25,667 to €67,885
- Reserves +€23,999
up €23,999 (+2.9%), from €841,712 to €865,711
of which Non-distributable reserves: +€23,950
- Gross operating margin -€6,906
down €6,906 (-3.2%), from €215,429 to €208,523
- Financial charges -€6,617
down €6,617 (-80.3%), from €8,235 to €1,618
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.
Cash bridge derived
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 | €978,378 | €998,319 | +€19,941 | +2.0% |
| Fixed assets | 21/28 | €20,946 | €22,850 | +€1,904 | +9.1% |
| Tangible fixed assets | 22/27 | €20,946 | €22,850 | +€1,904 | +9.1% |
| Land and buildings | 22 | €12,124 | €15,473 | +€3,348 | +27.6% |
| Plant, machinery and equipment | 23 | €5,720 | €5,389 | -€331 | -5.8% |
| Furniture and vehicles | 24 | €3,101 | €1,988 | -€1,113 | -35.9% |
| Current assets | 29/58 | €957,433 | €975,470 | +€18,037 | +1.9% |
| Amounts receivable after more than one year | 29 | €287,016 | €287,016 | = | 0.0% |
| Other amounts receivable | 291 | €287,016 | €287,016 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €212,627 | €212,627 | = | 0.0% |
| Other amounts receivable | 41 | €212,627 | €212,627 | = | 0.0% |
| Current investments | 50/53 | €283,817 | €317,341 | +€33,524 | +11.8% |
| Cash at bank and in hand | 54/58 | €56,609 | €43,822 | -€12,787 | -22.6% |
| Deferred charges and accrued income | 490/1 | €117,364 | €114,664 | -€2,700 | -2.3% |
| Total equity and liabilities | 10/49 | €978,378 | €998,319 | +€19,941 | +2.0% |
| Equity | 10/15 | €854,112 | €878,111 | +€23,999 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €841,712 | €865,711 | +€23,999 | +2.9% |
| Non-distributable reserves | 130/1 | €722,500 | €746,450 | +€23,950 | +3.3% |
| Other | 1319 | €722,500 | €746,450 | +€23,950 | +3.3% |
| Distributable reserves | 133 | €119,212 | €119,261 | +€49 | 0.0% |
| Amounts payable | 17/49 | €124,267 | €120,208 | -€4,058 | -3.3% |
| Amounts payable within one year | 42/48 | €124,267 | €120,208 | -€4,058 | -3.3% |
| Trade debts | 44 | €5,950 | €2,197 | -€3,753 | -63.1% |
| Suppliers | 440/4 | €5,950 | €2,197 | -€3,753 | -63.1% |
| Taxes, remuneration and social security | 45 | €92,650 | €50,126 | -€42,524 | -45.9% |
| Taxes | 450/3 | €92,650 | €50,126 | -€42,524 | -45.9% |
| Other amounts payable | 47/48 | €25,667 | €67,885 | +€42,218 | +164.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,006 | €5,822 | +€1,817 | +45.3% |
| Other operating charges | 640/8 | €2,110 | €1,816 | -€294 | -13.9% |
| Gross operating margin | 9900 | €215,429 | €208,523 | -€6,906 | -3.2% |
| Operating profit (loss) | 9901 | €209,313 | €200,886 | -€8,428 | -4.0% |
| Financial income | 75/76B | €5,119 | €3,408 | -€1,711 | -33.4% |
| Recurring financial income | 75 | €5,119 | €3,408 | -€1,711 | -33.4% |
| Financial charges | 65/66B | €8,235 | €1,618 | -€6,617 | -80.3% |
| Recurring financial charges | 65 | €8,235 | €1,618 | -€6,617 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €206,198 | €202,676 | -€3,522 | -1.7% |
| Income taxes | 67/77 | €63,288 | €62,076 | -€1,212 | -1.9% |
| Profit (loss) for the period | 9904 | €142,910 | €140,599 | -€2,310 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,910 | €140,599 | -€2,310 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.