Dr. Lore DE SCHRYVER: 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. Lore DE SCHRYVER
Largest movements
- Cash +€432,105
up €432,105 (+728%), from €59,325 to €491,429
mainly Net result for the year (+€358,352) and Current investments (+€167,878)
- Current investments -€167,878
down €167,878 (-25.8%), from €649,684 to €481,806
- Tangible fixed assets -€30,937
down €30,937 (-3.6%), from €867,979 to €837,042
of which Furniture and vehicles: -€29,519
- Reserves +€328,352
up €328,352 (+37.4%), from €877,563 to €1.2m
- Debts after one year -€37,947
down €37,947 (-8.7%), from €438,522 to €400,575
- Tax, wage and social debts -€37,378
down €37,378 (-61.9%), from €60,388 to €23,010
- Gross operating margin +€165,880
up €165,880 (+36.8%), from €451,158 to €617,038
- Taxes +€40,523
up €40,523 (+33.6%), from €120,491 to €161,013
- Financial income -€35,290
down €35,290 (-83.7%), from €42,163 to €6,874
- Depreciation +€16,732
up €16,732 (+26.8%), from €62,509 to €79,241
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 | €1,602,774 | €1,826,021 | +€223,247 | +13.9% |
| Fixed assets | 21/28 | €867,979 | €837,042 | -€30,937 | -3.6% |
| Tangible fixed assets | 22/27 | €867,979 | €837,042 | -€30,937 | -3.6% |
| Land and buildings | 22 | €727,651 | €725,462 | -€2,188 | -0.3% |
| Plant, machinery and equipment | 23 | €2,768 | €3,539 | +€770 | +27.8% |
| Furniture and vehicles | 24 | €136,160 | €106,642 | -€29,519 | -21.7% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €734,795 | €988,978 | +€254,183 | +34.6% |
| Stocks and contracts in progress | 3 | €6,180 | €5,805 | -€375 | -6.1% |
| Stocks | 30/36 | €6,180 | €5,805 | -€375 | -6.1% |
| Amounts receivable within one year | 40/41 | €542 | €1,592 | +€1,050 | +194% |
| Trade receivables | 40 | - | €1,419 | +€1,419 | |
| Other amounts receivable | 41 | €542 | €173 | -€369 | -68.1% |
| Current investments | 50/53 | €649,684 | €481,806 | -€167,878 | -25.8% |
| Cash at bank and in hand | 54/58 | €59,325 | €491,429 | +€432,105 | +728% |
| Deferred charges and accrued income | 490/1 | €19,065 | €8,347 | -€10,718 | -56.2% |
| Total equity and liabilities | 10/49 | €1,602,774 | €1,826,021 | +€223,247 | +13.9% |
| Equity | 10/15 | €927,365 | €1,254,884 | +€327,519 | +35.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €877,563 | €1,205,916 | +€328,352 | +37.4% |
| Distributable reserves | 133 | €877,563 | €1,205,916 | +€328,352 | +37.4% |
| Profit (loss) carried forward | 14 | €31,201 | €30,368 | -€833 | -2.7% |
| Amounts payable | 17/49 | €675,409 | €571,137 | -€104,273 | -15.4% |
| Amounts payable after more than one year | 17 | €438,522 | €400,575 | -€37,947 | -8.7% |
| Financial debts | 170/4 | €438,522 | €400,575 | -€37,947 | -8.7% |
| Amounts payable within one year | 42/48 | €236,887 | €170,562 | -€66,325 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €37,507 | €37,947 | +€441 | +1.2% |
| Financial debts | 43 | €18 | €21 | +€3 | +16.7% |
| Credit institutions | 430/8 | €18 | €21 | +€3 | +16.7% |
| Trade debts | 44 | €29,458 | €11,417 | -€18,041 | -61.2% |
| Suppliers | 440/4 | €29,458 | €11,417 | -€18,041 | -61.2% |
| Taxes, remuneration and social security | 45 | €60,388 | €23,010 | -€37,378 | -61.9% |
| Taxes | 450/3 | €60,388 | €23,010 | -€37,378 | -61.9% |
| Other amounts payable | 47/48 | €109,516 | €98,166 | -€11,350 | -10.4% |
| Remuneration, social security and pensions | 62 | €6,057 | €9,136 | +€3,079 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,509 | €79,241 | +€16,732 | +26.8% |
| Other operating charges | 640/8 | €5,332 | €5,545 | +€213 | +4.0% |
| Gross operating margin | 9900 | €451,158 | €617,038 | +€165,880 | +36.8% |
| Operating profit (loss) | 9901 | €377,260 | €523,115 | +€145,856 | +38.7% |
| Financial income | 75/76B | €42,163 | €6,874 | -€35,290 | -83.7% |
| Recurring financial income | 75 | €42,163 | €6,874 | -€35,290 | -83.7% |
| Financial charges | 65/66B | €6,641 | €10,624 | +€3,983 | +60.0% |
| Recurring financial charges | 65 | €6,641 | €10,624 | +€3,983 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €412,782 | €519,366 | +€106,583 | +25.8% |
| Income taxes | 67/77 | €120,491 | €161,013 | +€40,523 | +33.6% |
| Profit (loss) for the period | 9904 | €292,292 | €358,352 | +€66,061 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €292,292 | €358,352 | +€66,061 | +22.6% |
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 27 October 2026 via checked.be.