DR. P. DE GIER: what changed
DR. P. DE GIER
Largest movements
- Cash +€36,888
up €36,888 (+11.9%), from €310,895 to €347,783
mainly Other debts (+€31,196) and Net result for the year (+€31,028)
- Tangible fixed assets -€15,707
down €15,707 (-4.9%), from €318,333 to €302,626
of which Land and buildings: -€15,583
- Receivables within one year -€13,073
down €13,073 (-58.2%), from €22,464 to €9,391
of which Other amounts receivable: -€9,360
- Other debts +€31,196
up €31,196 (+68.2%), from €45,762 to €76,958
- Reserves -€22,130
down €22,130 (-4.0%), from €546,631 to €524,500
of which Distributable reserves: -€15,540
- Gross operating margin -€14,123
down €14,123 (-15.8%), from €89,537 to €75,414
- Taxes -€5,701
down €5,701 (-21.8%), from €26,204 to €20,503
- Financial charges +€2,510
up €2,510 (+62.7%), from €4,002 to €6,512
- Other operating charges +€925
up €925 (+36.1%), from €2,560 to €3,485
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 | €651,692 | €659,799 | +€8,108 | +1.2% |
| Fixed assets | 21/28 | €318,333 | €302,626 | -€15,707 | -4.9% |
| Tangible fixed assets | 22/27 | €318,333 | €302,626 | -€15,707 | -4.9% |
| Land and buildings | 22 | €312,172 | €296,589 | -€15,583 | -5.0% |
| Plant, machinery and equipment | 23 | €6,161 | €5,024 | -€1,137 | -18.5% |
| Furniture and vehicles | 24 | - | €1,013 | +€1,013 | |
| Current assets | 29/58 | €333,359 | €357,173 | +€23,815 | +7.1% |
| Amounts receivable within one year | 40/41 | €22,464 | €9,391 | -€13,073 | -58.2% |
| Trade receivables | 40 | €8,607 | €4,894 | -€3,713 | -43.1% |
| Other amounts receivable | 41 | €13,857 | €4,497 | -€9,360 | -67.5% |
| Cash at bank and in hand | 54/58 | €310,895 | €347,783 | +€36,888 | +11.9% |
| Total equity and liabilities | 10/49 | €651,692 | €659,799 | +€8,108 | +1.2% |
| Equity | 10/15 | €565,231 | €543,100 | -€22,130 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €546,631 | €524,500 | -€22,130 | -4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,613 | €78,022 | -€6,590 | -7.8% |
| Distributable reserves | 133 | €460,158 | €444,618 | -€15,540 | -3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €39,585 | €36,644 | -€2,941 | -7.4% |
| Deferred taxes | 168 | €39,585 | €36,644 | -€2,941 | -7.4% |
| Amounts payable | 17/49 | €46,875 | €80,055 | +€33,179 | +70.8% |
| Amounts payable within one year | 42/48 | €46,875 | €80,055 | +€33,179 | +70.8% |
| Trade debts | 44 | €32 | €1,246 | +€1,214 | +3,793% |
| Suppliers | 440/4 | €32 | €1,246 | +€1,214 | +3,793% |
| Taxes, remuneration and social security | 45 | €1,082 | €1,850 | +€769 | +71.1% |
| Taxes | 450/3 | €1,082 | €1,850 | +€769 | +71.1% |
| Other amounts payable | 47/48 | €45,762 | €76,958 | +€31,196 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,203 | €16,837 | -€367 | -2.1% |
| Other operating charges | 640/8 | €2,560 | €3,485 | +€925 | +36.1% |
| Gross operating margin | 9900 | €89,537 | €75,414 | -€14,123 | -15.8% |
| Operating profit (loss) | 9901 | €69,773 | €55,092 | -€14,682 | -21.0% |
| Financial income | 75/76B | €51 | €10 | -€41 | -80.1% |
| Recurring financial income | 75 | €51 | €10 | -€41 | -80.1% |
| Financial charges | 65/66B | €4,002 | €6,512 | +€2,510 | +62.7% |
| Recurring financial charges | 65 | €4,002 | €6,512 | +€2,510 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €65,822 | €48,590 | -€17,232 | -26.2% |
| Transfer from deferred taxes | 780 | €2,941 | €2,941 | = | 0.0% |
| Income taxes | 67/77 | €26,204 | €20,503 | -€5,701 | -21.8% |
| Profit (loss) for the period | 9904 | €42,559 | €31,028 | -€11,531 | -27.1% |
| Transfer from tax-exempt reserves | 789 | €6,590 | €6,590 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,150 | €37,619 | -€11,531 | -23.5% |
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 5 November 2026 via checked.be.