Dr. M. Cools: what changed
Two fiscal 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. M. Cools
Largest movements
- Cash +€63,179
up €63,179 (+340.3%), from €18,567 to €81,745
mainly Net result for the year (+€52,979) and Tax, wage and social debts (+€13,567)
- Tangible fixed assets -€3,048
down €3,048 (-36.0%), from €8,458 to €5,410
of which Furniture and vehicles: -€2,265
- Deferred charges and accrued income -€2,170
down €2,170 (-25.9%), from €8,394 to €6,224
- Reserves +€52,979
up €52,979 (+103.0%), from €51,439 to €104,418
- Tax, wage and social debts +€13,567
up €13,567 (+209.1%), from €6,488 to €20,055
of which Taxes: +€9,479
- Debts after one year -€11,219
down €11,219 (-48.6%), from €23,087 to €11,868
- Other debts +€2,972
up €2,972 (+3508.6%), from €85 to €3,057
- Gross operating margin +€49,199
up €49,199 (+205.3%), from €23,964 to €73,164
- Taxes +€9,479
up €9,479 (+182.1%), from €5,206 to €14,685
- Depreciation +€1,296
up €1,296 (+74.0%), from €1,752 to €3,048
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.
Cash bridge derived
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 | €104,418 | €162,379 | +€57,961 | +55.5% |
| Fixed assets | 21/28 | €8,458 | €5,410 | -€3,048 | -36.0% |
| Tangible fixed assets | 22/27 | €8,458 | €5,410 | -€3,048 | -36.0% |
| Plant, machinery and equipment | 23 | €3,268 | €2,485 | -€783 | -24.0% |
| Furniture and vehicles | 24 | €5,190 | €2,925 | -€2,265 | -43.6% |
| Current assets | 29/58 | €95,960 | €156,969 | +€61,009 | +63.6% |
| Amounts receivable within one year | 40/41 | €69,000 | €69,000 | = | 0.0% |
| Other amounts receivable | 41 | €69,000 | €69,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,567 | €81,745 | +€63,179 | +340.3% |
| Deferred charges and accrued income | 490/1 | €8,394 | €6,224 | -€2,170 | -25.9% |
| Total equity and liabilities | 10/49 | €104,418 | €162,379 | +€57,961 | +55.5% |
| Equity | 10/15 | €52,439 | €105,418 | +€52,979 | +101.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,439 | €104,418 | +€52,979 | +103.0% |
| Distributable reserves | 133 | €51,439 | €104,418 | +€52,979 | +103.0% |
| Amounts payable | 17/49 | €51,979 | €56,961 | +€4,982 | +9.6% |
| Amounts payable after more than one year | 17 | €23,087 | €11,868 | -€11,219 | -48.6% |
| Financial debts | 170/4 | €23,087 | €11,868 | -€11,219 | -48.6% |
| Amounts payable within one year | 42/48 | €19,953 | €35,093 | +€15,140 | +75.9% |
| Current portion of amounts payable after more than one year | 42 | €11,540 | €11,219 | -€321 | -2.8% |
| Trade debts | 44 | €1,840 | €762 | -€1,078 | -58.6% |
| Suppliers | 440/4 | €1,840 | €762 | -€1,078 | -58.6% |
| Taxes, remuneration and social security | 45 | €6,488 | €20,055 | +€13,567 | +209.1% |
| Taxes | 450/3 | €6,488 | €15,968 | +€9,479 | +146.1% |
| Remuneration and social security | 454/9 | - | €4,087 | +€4,087 | |
| Other amounts payable | 47/48 | €85 | €3,057 | +€2,972 | +3508.6% |
| Accrued charges and deferred income | 492/3 | €8,939 | €10,000 | +€1,061 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €3,048 | +€1,296 | +74.0% |
| Other operating charges | 640/8 | €950 | €835 | -€114 | -12.0% |
| Gross operating margin | 9900 | €23,964 | €73,164 | +€49,199 | +205.3% |
| Operating profit (loss) | 9901 | €21,263 | €69,281 | +€48,018 | +225.8% |
| Financial charges | 65/66B | €1,816 | €1,617 | -€200 | -11.0% |
| Recurring financial charges | 65 | €1,574 | €1,617 | +€43 | +2.7% |
| Non-recurring financial charges | 66B | €242 | €0 | -€242 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €19,447 | €67,664 | +€48,217 | +247.9% |
| Income taxes | 67/77 | €5,206 | €14,685 | +€9,479 | +182.1% |
| Profit (loss) for the period | 9904 | €14,241 | €52,979 | +€38,738 | +272.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,241 | €52,979 | +€38,738 | +272.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.