DR. S. CLOSSET: what changed
Two fiscal 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. S. CLOSSET
Largest movements
- Tangible fixed assets -€13,750
down €13,750 (-9.7%), from €141,855 to €128,105
of which Land and buildings: -€7,957
- Receivables after one year +€7,330
up €7,330 (+5.9%), from €124,020 to €131,350
- Receivables within one year +€5,954
up €5,954 (+52.2%), from €11,416 to €17,370
of which Other amounts receivable: +€5,994
- Reserves +€29,388
up €29,388 (+11.8%), from €248,357 to €277,745
of which Distributable reserves: +€29,808
- Tax, wage and social debts -€16,255
down €16,255 (-84.5%), from €19,236 to €2,981
of which Taxes: -€13,117
- Debts after one year -€12,245
down €12,245 (-30.6%), from €40,069 to €27,824
- Other operating charges +€5,873
up €5,873 (+308.2%), from €1,906 to €7,779
- Gross operating margin +€3,894
up €3,894 (+7.0%), from €55,491 to €59,385
- Depreciation +€2,320
up €2,320 (+17.8%), from €13,038 to €15,358
- Financial income +€1,886
up €1,886 (+28.9%), from €6,524 to €8,410
- Taxes -€1,110
down €1,110 (-7.7%), from €14,365 to €13,255
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.
Cash bridge derived
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 | €354,822 | €356,564 | +€1,742 | +0.5% |
| Fixed assets | 21/28 | €141,855 | €128,105 | -€13,750 | -9.7% |
| Tangible fixed assets | 22/27 | €141,855 | €128,105 | -€13,750 | -9.7% |
| Land and buildings | 22 | €125,084 | €117,127 | -€7,957 | -6.4% |
| Plant, machinery and equipment | 23 | €514 | €1,361 | +€847 | +164.8% |
| Furniture and vehicles | 24 | €16,256 | €9,616 | -€6,640 | -40.8% |
| Current assets | 29/58 | €212,967 | €228,459 | +€15,492 | +7.3% |
| Amounts receivable after more than one year | 29 | €124,020 | €131,350 | +€7,330 | +5.9% |
| Other amounts receivable | 291 | €124,020 | €131,350 | +€7,330 | +5.9% |
| Amounts receivable within one year | 40/41 | €11,416 | €17,370 | +€5,954 | +52.2% |
| Trade receivables | 40 | €40 | - | -€40 | |
| Other amounts receivable | 41 | €11,376 | €17,370 | +€5,994 | +52.7% |
| Cash at bank and in hand | 54/58 | €75,548 | €76,467 | +€920 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,983 | €3,272 | +€1,288 | +65.0% |
| Total equity and liabilities | 10/49 | €354,822 | €356,564 | +€1,742 | +0.5% |
| Equity | 10/15 | €261,357 | €290,745 | +€29,388 | +11.2% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €248,357 | €277,745 | +€29,388 | +11.8% |
| Tax-exempt reserves | 132 | €73,706 | €73,285 | -€420 | -0.6% |
| Distributable reserves | 133 | €174,651 | €204,459 | +€29,808 | +17.1% |
| Provisions and deferred taxes | 16 | €18,426 | €18,321 | -€105 | -0.6% |
| Deferred taxes | 168 | €18,426 | €18,321 | -€105 | -0.6% |
| Amounts payable | 17/49 | €75,039 | €47,497 | -€27,541 | -36.7% |
| Amounts payable after more than one year | 17 | €40,069 | €27,824 | -€12,245 | -30.6% |
| Financial debts | 170/4 | €40,069 | €27,824 | -€12,245 | -30.6% |
| Amounts payable within one year | 42/48 | €34,970 | €19,673 | -€15,296 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €11,878 | €12,245 | +€367 | +3.1% |
| Trade debts | 44 | €3,855 | €4,447 | +€592 | +15.4% |
| Suppliers | 440/4 | €3,855 | €4,447 | +€592 | +15.4% |
| Taxes, remuneration and social security | 45 | €19,236 | €2,981 | -€16,255 | -84.5% |
| Taxes | 450/3 | €16,098 | €2,981 | -€13,117 | -81.5% |
| Remuneration and social security | 454/9 | €3,138 | - | -€3,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,038 | €15,358 | +€2,320 | +17.8% |
| Other operating charges | 640/8 | €1,906 | €7,779 | +€5,873 | +308.2% |
| Gross operating margin | 9900 | €55,491 | €59,385 | +€3,894 | +7.0% |
| Operating profit (loss) | 9901 | €40,547 | €36,248 | -€4,300 | -10.6% |
| Financial income | 75/76B | €6,524 | €8,410 | +€1,886 | +28.9% |
| Recurring financial income | 75 | €6,524 | €8,410 | +€1,886 | +28.9% |
| Financial charges | 65/66B | €2,735 | €2,119 | -€616 | -22.5% |
| Recurring financial charges | 65 | €2,735 | €2,119 | -€616 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €44,336 | €42,538 | -€1,798 | -4.1% |
| Transfer from deferred taxes | 780 | €106 | €105 | -€1 | -1.0% |
| Income taxes | 67/77 | €14,365 | €13,255 | -€1,110 | -7.7% |
| Profit (loss) for the period | 9904 | €30,078 | €29,388 | -€689 | -2.3% |
| Transfer from tax-exempt reserves | 789 | €424 | €420 | -€4 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,502 | €29,808 | -€694 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.