DR. MARC DOM: 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. MARC DOM
Largest movements
- Current investments +€886,163
up €886,163 (+218%), from €405,870 to €1.3m
- Cash -€670,117
down €670,117 (-68.9%), from €972,687 to €302,569
mainly Current investments (-€886,163) and Contributions, distributions and other (-€139,308)
- Tangible fixed assets -€45,316
down €45,316 (-13.0%), from €347,530 to €302,214
of which Other tangible fixed assets: -€28,941
- Reserves +€215,747
up €215,747 (+12.7%), from €1.7m to €1.9m
of which Distributable reserves: +€215,747
- Debts after one year -€56,727
down €56,727 (-17.7%), from €319,707 to €262,980
- Financial income +€62,981
up €62,981 (+419%), from €15,014 to €77,994
- Financial charges +€58,948
up €58,948 (+404%), from €14,600 to €73,548
- Gross operating margin -€43,025
down €43,025 (-6.7%), from €642,045 to €599,021
- Depreciation -€37,241
down €37,241 (-34.9%), from €106,711 to €69,470
- Taxes +€18,562
up €18,562 (+12.2%), from €151,868 to €170,430
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 | €2,097,867 | €2,278,570 | +€180,703 | +8.6% |
| Fixed assets | 21/28 | €347,530 | €302,214 | -€45,316 | -13.0% |
| Tangible fixed assets | 22/27 | €347,530 | €302,214 | -€45,316 | -13.0% |
| Land and buildings | 22 | €113,839 | €100,721 | -€13,118 | -11.5% |
| Plant, machinery and equipment | 23 | €24,298 | €22,494 | -€1,804 | -7.4% |
| Furniture and vehicles | 24 | €2,899 | €1,447 | -€1,453 | -50.1% |
| Other tangible fixed assets | 26 | €206,493 | €177,552 | -€28,941 | -14.0% |
| Current assets | 29/58 | €1,750,337 | €1,976,356 | +€226,019 | +12.9% |
| Stocks and contracts in progress | 3 | €44,494 | €46,539 | +€2,046 | +4.6% |
| Stocks | 30/36 | €44,494 | €46,539 | +€2,046 | +4.6% |
| Amounts receivable within one year | 40/41 | €315,282 | €316,596 | +€1,314 | +0.4% |
| Other amounts receivable | 41 | €315,282 | €316,596 | +€1,314 | +0.4% |
| Current investments | 50/53 | €405,870 | €1,292,033 | +€886,163 | +218% |
| Cash at bank and in hand | 54/58 | €972,687 | €302,569 | -€670,117 | -68.9% |
| Deferred charges and accrued income | 490/1 | €12,005 | €18,618 | +€6,613 | +55.1% |
| Total equity and liabilities | 10/49 | €2,097,867 | €2,278,570 | +€180,703 | +8.6% |
| Equity | 10/15 | €1,715,839 | €1,931,586 | +€215,747 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,697,239 | €1,912,986 | +€215,747 | +12.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,591,989 | €1,807,736 | +€215,747 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,027 | €346,984 | -€35,044 | -9.2% |
| Amounts payable after more than one year | 17 | €319,707 | €262,980 | -€56,727 | -17.7% |
| Financial debts | 170/4 | €319,707 | €262,980 | -€56,727 | -17.7% |
| Amounts payable within one year | 42/48 | €62,320 | €84,004 | +€21,683 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €62,274 | €56,727 | -€5,547 | -8.9% |
| Trade debts | 44 | €46 | €9,791 | +€9,745 | +21,200% |
| Suppliers | 440/4 | €46 | €9,791 | +€9,745 | +21,200% |
| Taxes, remuneration and social security | 45 | €0 | €17,485 | +€17,485 | |
| Taxes | 450/3 | €0 | €17,485 | +€17,485 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,711 | €69,470 | -€37,241 | -34.9% |
| Other operating charges | 640/8 | €6,891 | €8,512 | +€1,622 | +23.5% |
| Gross operating margin | 9900 | €642,045 | €599,021 | -€43,025 | -6.7% |
| Operating profit (loss) | 9901 | €528,444 | €521,038 | -€7,405 | -1.4% |
| Financial income | 75/76B | €15,014 | €77,994 | +€62,981 | +419% |
| Recurring financial income | 75 | €15,014 | €77,994 | +€62,981 | +419% |
| Financial charges | 65/66B | €14,600 | €73,548 | +€58,948 | +404% |
| Recurring financial charges | 65 | €14,600 | €73,548 | +€58,948 | +404% |
| Profit (loss) for the period before taxes | 9903 | €528,858 | €525,485 | -€3,373 | -0.6% |
| Income taxes | 67/77 | €151,868 | €170,430 | +€18,562 | +12.2% |
| Profit (loss) for the period | 9904 | €376,989 | €355,054 | -€21,935 | -5.8% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €271,739 | €355,054 | +€83,315 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.