DR. L. BESSEMS: 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. L. BESSEMS
Largest movements
- Receivables within one year +€91,210
up €91,210 (+48.9%), from €186,463 to €277,673
- Cash -€28,726
down €28,726 (-44.7%), from €64,335 to €35,609
mainly Receivables within one year (-€91,210) and Debts after one year (-€3,955)
- Deferred charges and accrued income -€9,460
down €9,460 (-69.9%), from €13,527 to €4,067
- Tangible fixed assets -€6,855
down €6,855 (-24.9%), from €27,501 to €20,646
of which Furniture and vehicles: -€4,153
- Reserves +€48,739
up €48,739 (+12.7%), from €382,520 to €431,260
- Gross operating margin -€9,310
down €9,310 (-10.7%), from €86,858 to €77,547
- Depreciation -€2,206
down €2,206 (-23.2%), from €9,499 to €7,293
- Taxes -€1,477
down €1,477 (-6.8%), from €21,704 to €20,227
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 | €412,075 | €458,244 | +€46,169 | +11.2% |
| Fixed assets | 21/28 | €27,501 | €20,646 | -€6,855 | -24.9% |
| Tangible fixed assets | 22/27 | €27,501 | €20,646 | -€6,855 | -24.9% |
| Plant, machinery and equipment | 23 | €5,303 | €3,748 | -€1,555 | -29.3% |
| Furniture and vehicles | 24 | €16,876 | €12,723 | -€4,153 | -24.6% |
| Other tangible fixed assets | 26 | €5,322 | €4,175 | -€1,148 | -21.6% |
| Current assets | 29/58 | €384,574 | €437,599 | +€53,025 | +13.8% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €186,463 | €277,673 | +€91,210 | +48.9% |
| Other amounts receivable | 41 | €186,463 | €277,673 | +€91,210 | +48.9% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,335 | €35,609 | -€28,726 | -44.7% |
| Deferred charges and accrued income | 490/1 | €13,527 | €4,067 | -€9,460 | -69.9% |
| Total equity and liabilities | 10/49 | €412,075 | €458,244 | +€46,169 | +11.2% |
| Equity | 10/15 | €394,920 | €443,660 | +€48,739 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €382,520 | €431,260 | +€48,739 | +12.7% |
| Distributable reserves | 133 | €382,520 | €431,260 | +€48,739 | +12.7% |
| Amounts payable | 17/49 | €17,155 | €14,584 | -€2,570 | -15.0% |
| Amounts payable after more than one year | 17 | €6,663 | €2,708 | -€3,955 | -59.4% |
| Financial debts | 170/4 | €6,663 | €2,708 | -€3,955 | -59.4% |
| Amounts payable within one year | 42/48 | €10,492 | €11,877 | +€1,385 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €4,433 | €3,955 | -€477 | -10.8% |
| Trade debts | 44 | €1,145 | €2,780 | +€1,635 | +143% |
| Suppliers | 440/4 | €1,145 | €2,780 | +€1,635 | +143% |
| Taxes, remuneration and social security | 45 | €4,914 | €5,141 | +€227 | +4.6% |
| Taxes | 450/3 | €4,914 | €5,141 | +€227 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,499 | €7,293 | -€2,206 | -23.2% |
| Other operating charges | 640/8 | €254 | €153 | -€101 | -39.7% |
| Gross operating margin | 9900 | €86,858 | €77,547 | -€9,310 | -10.7% |
| Operating profit (loss) | 9901 | €77,105 | €70,101 | -€7,004 | -9.1% |
| Financial income | 75/76B | €2,850 | €2,855 | +€5 | +0.2% |
| Recurring financial income | 75 | €2,850 | €2,855 | +€5 | +0.2% |
| Financial charges | 65/66B | €4,643 | €3,990 | -€653 | -14.1% |
| Recurring financial charges | 65 | €4,643 | €3,990 | -€653 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €75,312 | €68,966 | -€6,345 | -8.4% |
| Income taxes | 67/77 | €21,704 | €20,227 | -€1,477 | -6.8% |
| Profit (loss) for the period | 9904 | €53,607 | €48,739 | -€4,868 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,607 | €48,739 | -€4,868 | -9.1% |
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 30 October 2026 via checked.be.