DR. PIRSOUL: what changed
DR. PIRSOUL
Largest movements
- Tangible fixed assets +€84,862
up €84,862 (+305%), from €27,819 to €112,681
of which Furniture and vehicles: +€88,917
- Cash -€38,209
down €38,209 (-33.9%), from €112,583 to €74,374
mainly Contributions, distributions and other (-€667,001) and Investment in fixed assets (net) (-€102,666)
- Current investments -€19,588
down €19,588 (-18.9%), from €103,680 to €84,092
- Intangible fixed assets -€15,340
down €15,340 (-69.6%), from €22,051 to €6,711
- Receivables within one year -€8,419
down €8,419 (-100%), from €8,419 to €0
- Reserves -€335,147
down €335,147 (-100%), from €335,147 to €0
- Other debts +€263,128
up €263,128 (+1,378%), from €19,092 to €282,220
- Debts after one year +€71,486
up €71,486, from €0 to €71,486
- Current portion of long-term debt +€10,012
up €10,012 (+117%), from €8,535 to €18,547
No income-statement line moved by more than 1% of the activity.
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 | €437,613 | €442,780 | +€5,168 | +1.2% |
| Fixed assets | 21/28 | €49,870 | €119,393 | +€69,522 | +139% |
| Intangible fixed assets | 21 | €22,051 | €6,711 | -€15,340 | -69.6% |
| Tangible fixed assets | 22/27 | €27,819 | €112,681 | +€84,862 | +305% |
| Furniture and vehicles | 24 | €9,864 | €98,781 | +€88,917 | +901% |
| Other tangible fixed assets | 26 | €17,955 | €13,901 | -€4,055 | -22.6% |
| Current assets | 29/58 | €387,742 | €323,388 | -€64,355 | -16.6% |
| Amounts receivable within one year | 40/41 | €8,419 | €0 | -€8,419 | -100% |
| Trade receivables | 40 | €8,419 | €0 | -€8,419 | -100% |
| Current investments | 50/53 | €103,680 | €84,092 | -€19,588 | -18.9% |
| Cash at bank and in hand | 54/58 | €112,583 | €74,374 | -€38,209 | -33.9% |
| Deferred charges and accrued income | 490/1 | €163,060 | €164,921 | +€1,861 | +1.1% |
| Total equity and liabilities | 10/49 | €437,613 | €442,780 | +€5,168 | +1.2% |
| Equity | 10/15 | €353,747 | €18,600 | -€335,147 | -94.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,147 | €0 | -€335,147 | -100% |
| Distributable reserves | 133 | €335,147 | €0 | -€335,147 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,865 | €424,180 | +€340,315 | +406% |
| Amounts payable after more than one year | 17 | €0 | €71,486 | +€71,486 | |
| Financial debts | 170/4 | €0 | €71,486 | +€71,486 | |
| Amounts payable within one year | 42/48 | €81,318 | €349,822 | +€268,504 | +330% |
| Current portion of amounts payable after more than one year | 42 | €8,535 | €18,547 | +€10,012 | +117% |
| Trade debts | 44 | €1,400 | €343 | -€1,057 | -75.5% |
| Suppliers | 440/4 | €1,400 | €343 | -€1,057 | -75.5% |
| Taxes, remuneration and social security | 45 | €52,291 | €48,712 | -€3,579 | -6.8% |
| Taxes | 450/3 | €52,291 | €48,712 | -€3,579 | -6.8% |
| Other amounts payable | 47/48 | €19,092 | €282,220 | +€263,128 | +1,378% |
| Accrued charges and deferred income | 492/3 | €2,547 | €2,872 | +€325 | +12.8% |
| Non-recurring operating income | 76A | - | €10,950 | +€10,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,110 | €33,144 | +€34 | +0.1% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | €477,582 | €480,142 | +€2,560 | +0.5% |
| Operating profit (loss) | 9901 | €443,967 | €446,425 | +€2,458 | +0.6% |
| Financial income | 75/76B | €439 | €898 | +€460 | +105% |
| Recurring financial income | 75 | €439 | €898 | +€460 | +105% |
| Financial charges | 65/66B | €2,184 | €3,700 | +€1,516 | +69.4% |
| Recurring financial charges | 65 | €2,184 | €3,700 | +€1,516 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €442,222 | €443,624 | +€1,402 | +0.3% |
| Income taxes | 67/77 | €107,342 | €111,770 | +€4,428 | +4.1% |
| Profit (loss) for the period | 9904 | €334,879 | €331,854 | -€3,026 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €334,879 | €331,854 | -€3,026 | -0.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.