DR. LE ROY: 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. LE ROY
Largest movements
- Cash +€327,288
up €327,288 (+516%), from €63,455 to €390,743
mainly Net result for the year (+€368,838) and Current investments (+€113,542)
- Current investments -€113,542
down €113,542 (-18.0%), from €631,876 to €518,334
- Receivables within one year +€38,460
up €38,460 (+1,386%), from €2,775 to €41,236
of which Other amounts receivable: +€37,610
- Tangible fixed assets -€12,587
down €12,587 (-21.1%), from €59,753 to €47,166
- Reserves +€297,920
up €297,920 (+49.1%), from €606,854 to €904,774
- Other debts -€69,778
down €69,778 (-100%), from €69,778 to €0
- Tax, wage and social debts +€21,603
up €21,603 (+63.3%), from €34,138 to €55,740
- Gross operating margin +€252,256
up €252,256 (+115%), from €218,521 to €470,777
- Taxes +€82,646
up €82,646 (+113%), from €72,862 to €155,509
- Financial income +€50,758
up €50,758 (+274%), from €18,526 to €69,284
of which Non-recurring financial income: +€61,138
- Depreciation +€10,896
up €10,896 (+644%), from €1,691 to €12,587
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 | €768,717 | €1,006,572 | +€237,855 | +30.9% |
| Fixed assets | 21/28 | €65,253 | €52,666 | -€12,587 | -19.3% |
| Tangible fixed assets | 22/27 | €59,753 | €47,166 | -€12,587 | -21.1% |
| Furniture and vehicles | 24 | €59,753 | €47,166 | -€12,587 | -21.1% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €703,464 | €953,905 | +€250,442 | +35.6% |
| Amounts receivable within one year | 40/41 | €2,775 | €41,236 | +€38,460 | +1,386% |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | €2,775 | €40,386 | +€37,610 | +1,355% |
| Current investments | 50/53 | €631,876 | €518,334 | -€113,542 | -18.0% |
| Cash at bank and in hand | 54/58 | €63,455 | €390,743 | +€327,288 | +516% |
| Deferred charges and accrued income | 490/1 | €5,358 | €3,592 | -€1,765 | -32.9% |
| Total equity and liabilities | 10/49 | €768,717 | €1,006,572 | +€237,855 | +30.9% |
| Equity | 10/15 | €625,454 | €923,374 | +€297,920 | +47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €606,854 | €904,774 | +€297,920 | +49.1% |
| Distributable reserves | 133 | €606,854 | €904,774 | +€297,920 | +49.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,263 | €83,198 | -€60,066 | -41.9% |
| Amounts payable after more than one year | 17 | €20,345 | €10,349 | -€9,996 | -49.1% |
| Financial debts | 170/4 | €20,345 | €10,349 | -€9,996 | -49.1% |
| Amounts payable within one year | 42/48 | €122,918 | €72,848 | -€50,070 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €9,655 | €9,996 | +€341 | +3.5% |
| Financial debts | 43 | €78 | €1,782 | +€1,704 | +2,185% |
| Credit institutions | 430/8 | €78 | €1,782 | +€1,704 | +2,185% |
| Trade debts | 44 | €9,269 | €5,330 | -€3,939 | -42.5% |
| Suppliers | 440/4 | €9,269 | €5,330 | -€3,939 | -42.5% |
| Taxes, remuneration and social security | 45 | €34,138 | €55,740 | +€21,603 | +63.3% |
| Taxes | 450/3 | €34,138 | €55,740 | +€21,603 | +63.3% |
| Other amounts payable | 47/48 | €69,778 | €0 | -€69,778 | -100% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €12,587 | +€10,896 | +644% |
| Other operating charges | 640/8 | €2,621 | €1,778 | -€843 | -32.2% |
| Gross operating margin | 9900 | €218,521 | €470,777 | +€252,256 | +115% |
| Operating profit (loss) | 9901 | €214,209 | €456,412 | +€242,203 | +113% |
| Financial income | 75/76B | €18,526 | €69,284 | +€50,758 | +274% |
| Recurring financial income | 75 | €18,526 | €8,146 | -€10,380 | -56.0% |
| Non-recurring financial income | 76B | - | €61,138 | +€61,138 | |
| Financial charges | 65/66B | €5,506 | €1,349 | -€4,156 | -75.5% |
| Recurring financial charges | 65 | €5,506 | €1,349 | -€4,156 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €227,230 | €524,347 | +€297,117 | +131% |
| Income taxes | 67/77 | €72,862 | €155,509 | +€82,646 | +113% |
| Profit (loss) for the period | 9904 | €154,367 | €368,838 | +€214,471 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €154,367 | €368,838 | +€214,471 | +139% |
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 15 October 2026 via checked.be.