Dr. Jacques DESLOOVERE: 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. Jacques DESLOOVERE
Largest movements
- Cash +€100,715
up €100,715 (+54.6%), from €184,567 to €285,282
mainly Net result for the year (+€215,295) and Other debts (+€53,820)
- Tangible fixed assets -€24,814
down €24,814 (-27.1%), from €91,403 to €66,588
of which Furniture and vehicles: -€20,373
- Other debts +€53,820
up €53,820 (+34.7%), from €155,059 to €208,879
- Reserves +€40,867
up €40,867 (+5.1%), from €807,802 to €848,669
- Tax, wage and social debts +€37,972
up €37,972 (+53.8%), from €70,546 to €108,518
of which Taxes: +€32,733
- Debts after one year -€33,931
down €33,931 (-75.3%), from €45,082 to €11,150
- Gross operating margin +€38,001
up €38,001 (+9.2%), from €413,607 to €451,608
- Taxes +€15,315
up €15,315 (+18.3%), from €83,681 to €98,996
- Financial income +€15,218
up €15,218 (+168%), from €9,041 to €24,258
- Staff costs +€6,692
up €6,692 (+5.7%), from €116,978 to €123,670
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 | €1,166,125 | €1,256,257 | +€90,133 | +7.7% |
| Fixed assets | 21/28 | €91,403 | €66,588 | -€24,814 | -27.1% |
| Tangible fixed assets | 22/27 | €91,403 | €66,588 | -€24,814 | -27.1% |
| Land and buildings | 22 | €448 | €0 | -€448 | -100% |
| Plant, machinery and equipment | 23 | €12,054 | €8,060 | -€3,993 | -33.1% |
| Furniture and vehicles | 24 | €78,901 | €58,528 | -€20,373 | -25.8% |
| Current assets | 29/58 | €1,074,722 | €1,189,669 | +€114,947 | +10.7% |
| Amounts receivable after more than one year | 29 | €48,916 | €40,784 | -€8,132 | -16.6% |
| Other amounts receivable | 291 | €48,916 | €40,784 | -€8,132 | -16.6% |
| Amounts receivable within one year | 40/41 | €85,562 | €95,892 | +€10,331 | +12.1% |
| Trade receivables | 40 | €18,712 | €62,124 | +€43,413 | +232% |
| Other amounts receivable | 41 | €66,850 | €33,768 | -€33,082 | -49.5% |
| Current investments | 50/53 | €755,116 | €765,480 | +€10,364 | +1.4% |
| Cash at bank and in hand | 54/58 | €184,567 | €285,282 | +€100,715 | +54.6% |
| Deferred charges and accrued income | 490/1 | €561 | €2,231 | +€1,669 | +297% |
| Total equity and liabilities | 10/49 | €1,166,125 | €1,256,257 | +€90,133 | +7.7% |
| Equity | 10/15 | €809,802 | €850,669 | +€40,867 | +5.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €807,802 | €848,669 | +€40,867 | +5.1% |
| Distributable reserves | 133 | €807,802 | €848,669 | +€40,867 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €356,323 | €405,588 | +€49,266 | +13.8% |
| Amounts payable after more than one year | 17 | €45,082 | €11,150 | -€33,931 | -75.3% |
| Financial debts | 170/4 | €45,082 | €11,150 | -€33,931 | -75.3% |
| Amounts payable within one year | 42/48 | €309,489 | €394,438 | +€84,949 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €32,934 | €33,931 | +€998 | +3.0% |
| Financial debts | 43 | €21,991 | €21,899 | -€92 | -0.4% |
| Credit institutions | 430/8 | €21,991 | €21,899 | -€92 | -0.4% |
| Trade debts | 44 | €28,960 | €21,211 | -€7,749 | -26.8% |
| Suppliers | 440/4 | €28,960 | €21,211 | -€7,749 | -26.8% |
| Taxes, remuneration and social security | 45 | €70,546 | €108,518 | +€37,972 | +53.8% |
| Taxes | 450/3 | €56,254 | €88,988 | +€32,733 | +58.2% |
| Remuneration and social security | 454/9 | €14,292 | €19,530 | +€5,238 | +36.7% |
| Other amounts payable | 47/48 | €155,059 | €208,879 | +€53,820 | +34.7% |
| Accrued charges and deferred income | 492/3 | €1,752 | €0 | -€1,752 | -100% |
| Remuneration, social security and pensions | 62 | €116,978 | €123,670 | +€6,692 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,633 | €33,792 | +€2,159 | +6.8% |
| Other operating charges | 640/8 | €1,812 | €962 | -€850 | -46.9% |
| Gross operating margin | 9900 | €413,607 | €451,608 | +€38,001 | +9.2% |
| Operating profit (loss) | 9901 | €263,184 | €293,184 | +€30,000 | +11.4% |
| Financial income | 75/76B | €9,041 | €24,258 | +€15,218 | +168% |
| Recurring financial income | 75 | €9,041 | €24,258 | +€15,218 | +168% |
| Financial charges | 65/66B | €5,806 | €3,151 | -€2,655 | -45.7% |
| Recurring financial charges | 65 | €5,806 | €3,151 | -€2,655 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €266,418 | €314,291 | +€47,873 | +18.0% |
| Income taxes | 67/77 | €83,681 | €98,996 | +€15,315 | +18.3% |
| Profit (loss) for the period | 9904 | €182,737 | €215,295 | +€32,558 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €182,737 | €215,295 | +€32,558 | +17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.