DR. L. DE FACQ: 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. DE FACQ
Largest movements
- Cash +€67,687
up €67,687 (+52.9%), from €127,921 to €195,609
mainly Net result for the year (+€163,703) and Receivables within one year (+€17,849)
- Receivables within one year -€17,849
down €17,849 (-94.4%), from €18,917 to €1,069
- Reserves +€48,751
up €48,751 (+5.5%), from €889,619 to €938,370
- Tax, wage and social debts +€15,029
up €15,029 (+77.9%), from €19,294 to €34,323
- Gross operating margin -€4,601
down €4,601 (-2.0%), from €226,734 to €222,133
- Financial income -€4,134
down €4,134 (-22.2%), from €18,595 to €14,461
- Taxes -€2,546
down €2,546 (-3.5%), from €73,601 to €71,056
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 | €932,399 | €997,678 | +€65,279 | +7.0% |
| Fixed assets | 21/28 | €314 | €80 | -€233 | -74.4% |
| Tangible fixed assets | 22/27 | €314 | €80 | -€233 | -74.4% |
| Furniture and vehicles | 24 | €314 | €80 | -€233 | -74.4% |
| Current assets | 29/58 | €932,085 | €997,598 | +€65,513 | +7.0% |
| Amounts receivable within one year | 40/41 | €18,917 | €1,069 | -€17,849 | -94.4% |
| Other amounts receivable | 41 | €18,917 | €1,069 | -€17,849 | -94.4% |
| Current investments | 50/53 | €765,396 | €773,907 | +€8,511 | +1.1% |
| Cash at bank and in hand | 54/58 | €127,921 | €195,609 | +€67,687 | +52.9% |
| Deferred charges and accrued income | 490/1 | €19,850 | €27,013 | +€7,163 | +36.1% |
| Total equity and liabilities | 10/49 | €932,399 | €997,678 | +€65,279 | +7.0% |
| Equity | 10/15 | €902,019 | €950,770 | +€48,751 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €889,619 | €938,370 | +€48,751 | +5.5% |
| Distributable reserves | 133 | €889,619 | €938,370 | +€48,751 | +5.5% |
| Amounts payable | 17/49 | €30,380 | €46,908 | +€16,529 | +54.4% |
| Amounts payable within one year | 42/48 | €29,707 | €46,214 | +€16,507 | +55.6% |
| Trade debts | 44 | €853 | €1,172 | +€319 | +37.4% |
| Suppliers | 440/4 | €853 | €1,172 | +€319 | +37.4% |
| Taxes, remuneration and social security | 45 | €19,294 | €34,323 | +€15,029 | +77.9% |
| Taxes | 450/3 | €19,294 | €34,323 | +€15,029 | +77.9% |
| Other amounts payable | 47/48 | €9,560 | €10,719 | +€1,159 | +12.1% |
| Accrued charges and deferred income | 492/3 | €672 | €694 | +€22 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €233 | -€102 | -30.4% |
| Other operating charges | 640/8 | €1,448 | €1,496 | +€47 | +3.3% |
| Gross operating margin | 9900 | €226,734 | €222,133 | -€4,601 | -2.0% |
| Operating profit (loss) | 9901 | €224,950 | €220,404 | -€4,546 | -2.0% |
| Financial income | 75/76B | €18,595 | €14,461 | -€4,134 | -22.2% |
| Recurring financial income | 75 | €18,595 | €14,461 | -€4,134 | -22.2% |
| Financial charges | 65/66B | €74 | €106 | +€32 | +42.7% |
| Recurring financial charges | 65 | €74 | €106 | +€32 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €243,470 | €234,758 | -€8,712 | -3.6% |
| Income taxes | 67/77 | €73,601 | €71,056 | -€2,546 | -3.5% |
| Profit (loss) for the period | 9904 | €169,869 | €163,703 | -€6,166 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,869 | €163,703 | -€6,166 | -3.6% |
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 25 October 2026 via checked.be.