DR. P. TYSZKA: 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. P. TYSZKA
Largest movements
- Receivables within one year +€77,165
up €77,165 (+25.2%), from €305,739 to €382,904
of which Other amounts receivable: +€68,046
- Tangible fixed assets +€53,082
up €53,082 (+8.1%), from €652,950 to €706,032
of which Land and buildings: +€54,100
- Cash +€47,778
up €47,778 (+208%), from €22,916 to €70,694
mainly Net result for the year (+€152,673) and Depreciation (+€37,697)
- Reserves +€150,673
up €150,673 (+16.1%), from €938,619 to €1.1m
of which Non-distributable reserves: +€152,673
- Tax, wage and social debts +€28,740
up €28,740 (+221%), from €13,028 to €41,768
- Debts after one year -€25,000
down €25,000 (-12.2%), from €204,167 to €179,167
- Gross operating margin +€42,847
up €42,847 (+20.5%), from €208,738 to €251,585
- Depreciation -€30,410
down €30,410 (-44.7%), from €68,107 to €37,697
- Taxes +€29,855
up €29,855 (+69.0%), from €43,252 to €73,107
- Financial income +€9,791
up €9,791 (+65.9%), from €14,858 to €24,649
- Financial charges +€7,940
up €7,940 (+2,950%), from €269 to €8,209
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 | €1,204,266 | €1,375,326 | +€171,060 | +14.2% |
| Fixed assets | 21/28 | €652,974 | €706,057 | +€53,082 | +8.1% |
| Tangible fixed assets | 22/27 | €652,950 | €706,032 | +€53,082 | +8.1% |
| Land and buildings | 22 | €618,031 | €672,132 | +€54,100 | +8.8% |
| Plant, machinery and equipment | 23 | - | €3,513 | +€3,513 | |
| Furniture and vehicles | 24 | €11,403 | €9,872 | -€1,531 | -13.4% |
| Other tangible fixed assets | 26 | €23,515 | €20,516 | -€2,999 | -12.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €551,292 | €669,269 | +€117,978 | +21.4% |
| Amounts receivable within one year | 40/41 | €305,739 | €382,904 | +€77,165 | +25.2% |
| Trade receivables | 40 | €22,318 | €31,436 | +€9,118 | +40.9% |
| Other amounts receivable | 41 | €283,422 | €351,468 | +€68,046 | +24.0% |
| Current investments | 50/53 | €207,575 | €194,187 | -€13,387 | -6.4% |
| Cash at bank and in hand | 54/58 | €22,916 | €70,694 | +€47,778 | +208% |
| Deferred charges and accrued income | 490/1 | €15,062 | €21,484 | +€6,422 | +42.6% |
| Total equity and liabilities | 10/49 | €1,204,266 | €1,375,326 | +€171,060 | +14.2% |
| Equity | 10/15 | €957,619 | €1,108,292 | +€150,673 | +15.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €938,619 | €1,089,292 | +€150,673 | +16.1% |
| Non-distributable reserves | 130/1 | €884,194 | €1,036,868 | +€152,673 | +17.3% |
| Other | 1319 | €884,194 | €1,036,868 | +€152,673 | +17.3% |
| Tax-exempt reserves | 132 | €14,860 | €14,860 | = | 0.0% |
| Distributable reserves | 133 | €39,565 | €37,565 | -€2,000 | -5.1% |
| Amounts payable | 17/49 | €246,647 | €267,034 | +€20,387 | +8.3% |
| Amounts payable after more than one year | 17 | €204,167 | €179,167 | -€25,000 | -12.2% |
| Financial debts | 170/4 | €204,167 | €179,167 | -€25,000 | -12.2% |
| Amounts payable within one year | 42/48 | €38,898 | €79,009 | +€40,111 | +103% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €870 | €10,241 | +€9,371 | +1,077% |
| Suppliers | 440/4 | €870 | €10,241 | +€9,371 | +1,077% |
| Taxes, remuneration and social security | 45 | €13,028 | €41,768 | +€28,740 | +221% |
| Taxes | 450/3 | €13,028 | €41,768 | +€28,740 | +221% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | €3,582 | €8,858 | +€5,276 | +147% |
| Non-recurring operating income | 76A | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,107 | €37,697 | -€30,410 | -44.7% |
| Other operating charges | 640/8 | €1,116 | €4,216 | +€3,100 | +278% |
| Non-recurring operating charges | 66A | €11,276 | €331 | -€10,945 | -97.1% |
| Gross operating margin | 9900 | €208,738 | €251,585 | +€42,847 | +20.5% |
| Operating profit (loss) | 9901 | €128,239 | €209,341 | +€81,101 | +63.2% |
| Financial income | 75/76B | €14,858 | €24,649 | +€9,791 | +65.9% |
| Recurring financial income | 75 | €14,858 | €24,649 | +€9,791 | +65.9% |
| Financial charges | 65/66B | €269 | €8,209 | +€7,940 | +2,950% |
| Recurring financial charges | 65 | €269 | €8,209 | +€7,940 | +2,950% |
| Profit (loss) for the period before taxes | 9903 | €142,828 | €225,780 | +€82,952 | +58.1% |
| Income taxes | 67/77 | €43,252 | €73,107 | +€29,855 | +69.0% |
| Profit (loss) for the period | 9904 | €99,576 | €152,673 | +€53,097 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,576 | €152,673 | +€53,097 | +53.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.