Dr. S. Parmentier: 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. S. Parmentier
Largest movements
- Current investments +€474,924
up €474,924 (+54.7%), from €868,325 to €1.3m
- Cash -€137,780
down €137,780 (-81.4%), from €169,256 to €31,476
mainly Current investments (-€474,924) and Contributions, distributions and other (-€120,705)
- Deferred charges and accrued income +€52,396
up €52,396 (+30.1%), from €174,089 to €226,485
- Reserves +€355,677
up €355,677 (+30.7%), from €1.2m to €1.5m
of which Distributable reserves: +€355,677
- Tax, wage and social debts +€32,611
up €32,611 (+82.0%), from €39,779 to €72,390
- Financial income +€124,410
up €124,410 (+492%), from €25,284 to €149,694
- Gross operating margin +€73,105
up €73,105 (+16.7%), from €439,033 to €512,139
- Taxes +€42,968
up €42,968 (+31.3%), from €137,356 to €180,324
- Depreciation -€13,122
down €13,122 (-76.4%), from €17,176 to €4,054
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 | €1,222,575 | €1,608,062 | +€385,487 | +31.5% |
| Fixed assets | 21/28 | €10,905 | €6,851 | -€4,054 | -37.2% |
| Tangible fixed assets | 22/27 | €10,905 | €6,851 | -€4,054 | -37.2% |
| Furniture and vehicles | 24 | €10,671 | €6,851 | -€3,819 | -35.8% |
| Other tangible fixed assets | 26 | €234 | - | -€234 | |
| Current assets | 29/58 | €1,211,670 | €1,601,211 | +€389,541 | +32.1% |
| Current investments | 50/53 | €868,325 | €1,343,250 | +€474,924 | +54.7% |
| Cash at bank and in hand | 54/58 | €169,256 | €31,476 | -€137,780 | -81.4% |
| Deferred charges and accrued income | 490/1 | €174,089 | €226,485 | +€52,396 | +30.1% |
| Total equity and liabilities | 10/49 | €1,222,575 | €1,608,062 | +€385,487 | +31.5% |
| Equity | 10/15 | €1,169,965 | €1,525,642 | +€355,677 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,157,565 | €1,513,242 | +€355,677 | +30.7% |
| Tax-exempt reserves | 132 | €15,838 | €15,838 | = | 0.0% |
| Distributable reserves | 133 | €1,141,727 | €1,497,404 | +€355,677 | +31.2% |
| Amounts payable | 17/49 | €52,611 | €82,420 | +€29,810 | +56.7% |
| Amounts payable within one year | 42/48 | €49,342 | €82,020 | +€32,678 | +66.2% |
| Trade debts | 44 | €9,438 | €9,551 | +€113 | +1.2% |
| Suppliers | 440/4 | €9,438 | €9,551 | +€113 | +1.2% |
| Taxes, remuneration and social security | 45 | €39,779 | €72,390 | +€32,611 | +82.0% |
| Taxes | 450/3 | €39,779 | €72,390 | +€32,611 | +82.0% |
| Other amounts payable | 47/48 | €125 | €79 | -€46 | -36.6% |
| Accrued charges and deferred income | 492/3 | €3,269 | €400 | -€2,869 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,176 | €4,054 | -€13,122 | -76.4% |
| Other operating charges | 640/8 | €517 | €547 | +€31 | +6.0% |
| Gross operating margin | 9900 | €439,033 | €512,139 | +€73,105 | +16.7% |
| Operating profit (loss) | 9901 | €421,341 | €507,537 | +€86,196 | +20.5% |
| Financial income | 75/76B | €25,284 | €149,694 | +€124,410 | +492% |
| Recurring financial income | 75 | €25,284 | €149,694 | +€124,410 | +492% |
| Financial charges | 65/66B | €795 | €525 | -€270 | -34.0% |
| Recurring financial charges | 65 | €795 | €525 | -€270 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €445,830 | €656,706 | +€210,876 | +47.3% |
| Income taxes | 67/77 | €137,356 | €180,324 | +€42,968 | +31.3% |
| Profit (loss) for the period | 9904 | €308,475 | €476,382 | +€167,908 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €308,475 | €476,382 | +€167,908 | +54.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.