Dr. Marjan DHOLLANDER: what changed
Dr. Marjan DHOLLANDER
Largest movements
- Cash -€160,418
down €160,418 (-53.7%), from €298,558 to €138,140
mainly Tax, wage and social debts (-€255,997) and Contributions, distributions and other (-€117,647)
- Tangible fixed assets +€31,864
up €31,864 (+79.4%), from €40,156 to €72,020
of which Furniture and vehicles: +€36,957
- Current investments +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€255,997
down €255,997 (-99.1%), from €258,251 to €2,254
- Other debts +€121,121
up €121,121 (+1,716%), from €7,057 to €128,178
- Reserves +€18,581
up €18,581 (+36.3%), from €51,255 to €69,836
- Accrued charges and deferred income +€9,746
up €9,746 (+636%), from €1,533 to €11,279
- Gross operating margin -€13,669
down €13,669 (-7.0%), from €196,339 to €182,670
- Taxes -€4,167
down €4,167 (-9.6%), from €43,251 to €39,084
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,714 | €230,160 | -€108,554 | -32.0% |
| Fixed assets | 21/28 | €40,156 | €72,020 | +€31,864 | +79.4% |
| Tangible fixed assets | 22/27 | €40,156 | €72,020 | +€31,864 | +79.4% |
| Land and buildings | 22 | €34,109 | €29,016 | -€5,093 | -14.9% |
| Furniture and vehicles | 24 | €6,047 | €43,004 | +€36,957 | +611% |
| Current assets | 29/58 | €298,558 | €158,140 | -€140,418 | -47.0% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €298,558 | €138,140 | -€160,418 | -53.7% |
| Total equity and liabilities | 10/49 | €338,714 | €230,160 | -€108,554 | -32.0% |
| Equity | 10/15 | €69,855 | €88,436 | +€18,581 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,255 | €69,836 | +€18,581 | +36.3% |
| Distributable reserves | 133 | €51,255 | €69,836 | +€18,581 | +36.3% |
| Amounts payable | 17/49 | €268,859 | €141,724 | -€127,135 | -47.3% |
| Amounts payable within one year | 42/48 | €267,326 | €130,445 | -€136,881 | -51.2% |
| Trade debts | 44 | €2,018 | €13 | -€2,005 | -99.4% |
| Suppliers | 440/4 | €2,018 | €13 | -€2,005 | -99.4% |
| Taxes, remuneration and social security | 45 | €258,251 | €2,254 | -€255,997 | -99.1% |
| Taxes | 450/3 | €258,251 | €2,254 | -€255,997 | -99.1% |
| Other amounts payable | 47/48 | €7,057 | €128,178 | +€121,121 | +1,716% |
| Accrued charges and deferred income | 492/3 | €1,533 | €11,279 | +€9,746 | +636% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,898 | €7,575 | +€677 | +9.8% |
| Other operating charges | 640/8 | €141 | €219 | +€78 | +55.3% |
| Gross operating margin | 9900 | €196,339 | €182,670 | -€13,669 | -7.0% |
| Operating profit (loss) | 9901 | €189,300 | €174,876 | -€14,424 | -7.6% |
| Financial income | 75/76B | - | €630 | +€630 | |
| Recurring financial income | 75 | - | €630 | +€630 | |
| Financial charges | 65/66B | €166 | €194 | +€28 | +16.9% |
| Recurring financial charges | 65 | €166 | €194 | +€28 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €189,134 | €175,312 | -€13,822 | -7.3% |
| Income taxes | 67/77 | €43,251 | €39,084 | -€4,167 | -9.6% |
| Profit (loss) for the period | 9904 | €145,883 | €136,228 | -€9,655 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €145,883 | €136,228 | -€9,655 | -6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.