Dr. Simons - Dr. Annaert: 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. Simons - Dr. Annaert
Largest movements
- Receivables within one year -€76,431
down €76,431 (-100.0%), from €76,461 to €30
of which Other amounts receivable: -€76,461
- Cash +€56,379
up €56,379 (+110%), from €51,142 to €107,521
mainly Other debts (+€265,086) and Net result for the year (+€249,507)
- Receivables after one year -€37,000
down €37,000 (-100%), from €37,000 to €0
- Reserves -€327,628
down €327,628 (-31.7%), from €1.0m to €705,007
- Other debts +€265,086
up €265,086 (+177%), from €150,045 to €415,131
- Debts after one year -€36,997
down €36,997 (-31.2%), from €118,715 to €81,717
- Accrued charges and deferred income +€32,965
new in 2025: €32,965
- Gross operating margin +€36,450
up €36,450 (+9.5%), from €383,174 to €419,624
- Taxes +€11,434
up €11,434 (+11.0%), from €104,004 to €115,438
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 | €1,390,718 | €1,337,893 | -€52,825 | -3.8% |
| Fixed assets | 21/28 | €332,212 | €338,016 | +€5,804 | +1.7% |
| Tangible fixed assets | 22/27 | €332,167 | €337,971 | +€5,804 | +1.7% |
| Land and buildings | 22 | €239,954 | €222,427 | -€17,527 | -7.3% |
| Plant, machinery and equipment | 23 | €37,466 | €34,498 | -€2,968 | -7.9% |
| Furniture and vehicles | 24 | €54,747 | €81,046 | +€26,299 | +48.0% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €1,058,505 | €999,877 | -€58,629 | -5.5% |
| Amounts receivable after more than one year | 29 | €37,000 | €0 | -€37,000 | -100% |
| Other amounts receivable | 291 | €37,000 | €0 | -€37,000 | -100% |
| Amounts receivable within one year | 40/41 | €76,461 | €30 | -€76,431 | -100.0% |
| Trade receivables | 40 | - | €30 | +€30 | |
| Other amounts receivable | 41 | €76,461 | €0 | -€76,461 | -100% |
| Current investments | 50/53 | €754,612 | €752,571 | -€2,041 | -0.3% |
| Cash at bank and in hand | 54/58 | €51,142 | €107,521 | +€56,379 | +110% |
| Deferred charges and accrued income | 490/1 | €139,291 | €139,755 | +€464 | +0.3% |
| Total equity and liabilities | 10/49 | €1,390,718 | €1,337,893 | -€52,825 | -3.8% |
| Equity | 10/15 | €1,045,235 | €717,607 | -€327,628 | -31.3% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €1,032,635 | €705,007 | -€327,628 | -31.7% |
| Distributable reserves | 133 | €1,032,635 | €705,007 | -€327,628 | -31.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,483 | €620,286 | +€274,803 | +79.5% |
| Amounts payable after more than one year | 17 | €118,715 | €81,717 | -€36,997 | -31.2% |
| Financial debts | 170/4 | €118,715 | €81,717 | -€36,997 | -31.2% |
| Amounts payable within one year | 42/48 | €226,768 | €505,603 | +€278,835 | +123% |
| Current portion of amounts payable after more than one year | 42 | €59,541 | €62,195 | +€2,654 | +4.5% |
| Trade debts | 44 | €4,645 | €6,016 | +€1,371 | +29.5% |
| Suppliers | 440/4 | €4,645 | €6,016 | +€1,371 | +29.5% |
| Taxes, remuneration and social security | 45 | €12,537 | €22,261 | +€9,725 | +77.6% |
| Taxes | 450/3 | €12,295 | €21,821 | +€9,526 | +77.5% |
| Remuneration and social security | 454/9 | €241 | €440 | +€199 | +82.4% |
| Other amounts payable | 47/48 | €150,045 | €415,131 | +€265,086 | +177% |
| Accrued charges and deferred income | 492/3 | - | €32,965 | +€32,965 | |
| Remuneration, social security and pensions | 62 | €6,869 | €6,066 | -€803 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,199 | €52,865 | -€2,334 | -4.2% |
| Other operating charges | 640/8 | €1,482 | €2,656 | +€1,174 | +79.2% |
| Gross operating margin | 9900 | €383,174 | €419,624 | +€36,450 | +9.5% |
| Operating profit (loss) | 9901 | €319,623 | €358,036 | +€38,413 | +12.0% |
| Financial income | 75/76B | €9,188 | €12,316 | +€3,128 | +34.0% |
| Recurring financial income | 75 | €9,188 | €12,316 | +€3,128 | +34.0% |
| Financial charges | 65/66B | €5,495 | €5,407 | -€88 | -1.6% |
| Recurring financial charges | 65 | €5,495 | €5,407 | -€88 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €323,317 | €364,945 | +€41,629 | +12.9% |
| Income taxes | 67/77 | €104,004 | €115,438 | +€11,434 | +11.0% |
| Profit (loss) for the period | 9904 | €219,312 | €249,507 | +€30,195 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €219,312 | €249,507 | +€30,195 | +13.8% |
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 29 October 2026 via checked.be.