Dr. Patrick Debois: 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. Patrick Debois
Largest movements
- Cash +€301,041
up €301,041 (+141%), from €214,058 to €515,098
mainly Net result for the year (+€316,762) and Current investments (+€274,301)
- Current investments -€274,301
down €274,301 (-12.6%), from €2.2m to €1.9m
- Reserves +€71,998
up €71,998 (+3.3%), from €2.2m to €2.2m
of which Distributable reserves: +€71,998
- Financial income -€141,246
down €141,246 (-83.1%), from €169,985 to €28,739
- Gross operating margin +€75,910
up €75,910 (+15.6%), from €486,403 to €562,313
- Financial charges -€21,049
down €21,049 (-35.7%), from €58,957 to €37,909
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 | €2,583,942 | €2,624,172 | +€40,230 | +1.6% |
| Fixed assets | 21/28 | €62,637 | €53,596 | -€9,041 | -14.4% |
| Tangible fixed assets | 22/27 | €62,637 | €53,596 | -€9,041 | -14.4% |
| Plant, machinery and equipment | 23 | €24,028 | €21,122 | -€2,906 | -12.1% |
| Furniture and vehicles | 24 | €38,609 | €32,474 | -€6,135 | -15.9% |
| Current assets | 29/58 | €2,521,305 | €2,570,576 | +€49,271 | +2.0% |
| Amounts receivable within one year | 40/41 | €127,662 | €150,193 | +€22,531 | +17.6% |
| Trade receivables | 40 | €127,662 | €1,679 | -€125,982 | -98.7% |
| Other amounts receivable | 41 | - | €148,514 | +€148,514 | |
| Current investments | 50/53 | €2,179,585 | €1,905,285 | -€274,301 | -12.6% |
| Cash at bank and in hand | 54/58 | €214,058 | €515,098 | +€301,041 | +141% |
| Total equity and liabilities | 10/49 | €2,583,942 | €2,624,172 | +€40,230 | +1.6% |
| Equity | 10/15 | €2,180,335 | €2,252,333 | +€71,998 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,161,735 | €2,233,733 | +€71,998 | +3.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,161,735 | €2,233,733 | +€71,998 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €403,607 | €371,839 | -€31,768 | -7.9% |
| Amounts payable within one year | 42/48 | €392,849 | €371,839 | -€21,010 | -5.3% |
| Trade debts | 44 | €14,004 | €3,103 | -€10,901 | -77.8% |
| Suppliers | 440/4 | €14,004 | €3,103 | -€10,901 | -77.8% |
| Taxes, remuneration and social security | 45 | €32,157 | €19,137 | -€13,019 | -40.5% |
| Taxes | 450/3 | €24,350 | €11,331 | -€13,020 | -53.5% |
| Remuneration and social security | 454/9 | €7,806 | €7,807 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €346,689 | €349,598 | +€2,910 | +0.8% |
| Accrued charges and deferred income | 492/3 | €10,758 | €0 | -€10,758 | -100% |
| Remuneration, social security and pensions | 62 | €74,881 | €75,172 | +€291 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,677 | €13,041 | -€636 | -4.6% |
| Other operating charges | 640/8 | €9,014 | €3,719 | -€5,295 | -58.7% |
| Gross operating margin | 9900 | €486,403 | €562,313 | +€75,910 | +15.6% |
| Operating profit (loss) | 9901 | €388,832 | €470,381 | +€81,550 | +21.0% |
| Financial income | 75/76B | €169,985 | €28,739 | -€141,246 | -83.1% |
| Recurring financial income | 75 | €169,985 | €28,739 | -€141,246 | -83.1% |
| Financial charges | 65/66B | €58,957 | €37,909 | -€21,049 | -35.7% |
| Recurring financial charges | 65 | €58,957 | €37,909 | -€21,049 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €499,859 | €461,212 | -€38,648 | -7.7% |
| Income taxes | 67/77 | €149,808 | €144,450 | -€5,359 | -3.6% |
| Profit (loss) for the period | 9904 | €350,051 | €316,762 | -€33,289 | -9.5% |
| Transfer from tax-exempt reserves | 789 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €455,301 | €316,762 | -€138,539 | -30.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.