DR. STOCKMAN: 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. STOCKMAN
Largest movements
- Tangible fixed assets -€20,544
down €20,544 (-4.8%), from €428,922 to €408,378
- Receivables within one year -€15,863
down €15,863 (-6.5%), from €242,419 to €226,556
of which Other amounts receivable: -€15,863
- Debts after one year -€17,123
down €17,123 (-100%), from €17,123 to €0
- Profit (loss) carried forward -€15,826
down €15,826 (-12.7%), from €124,745 to €108,919
- Gross operating margin +€5,824
up €5,824 (+93.3%), from -€6,239 to -€415
- Financial charges -€2,467
down €2,467 (-79.5%), from €3,102 to €635
- Financial income -€1,434
down €1,434 (-12.8%), from €11,204 to €9,771
- Other operating charges +€308
up €308 (+8.3%), from €3,694 to €4,002
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,619 | €643,133 | -€36,486 | -5.4% |
| Fixed assets | 21/28 | €436,522 | €415,978 | -€20,544 | -4.7% |
| Tangible fixed assets | 22/27 | €428,922 | €408,378 | -€20,544 | -4.8% |
| Land and buildings | 22 | €428,922 | €408,378 | -€20,544 | -4.8% |
| Financial fixed assets | 28 | €7,600 | €7,600 | = | 0.0% |
| Current assets | 29/58 | €243,097 | €227,155 | -€15,942 | -6.6% |
| Amounts receivable within one year | 40/41 | €242,419 | €226,556 | -€15,863 | -6.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €242,419 | €226,556 | -€15,863 | -6.5% |
| Cash at bank and in hand | 54/58 | €678 | €599 | -€79 | -11.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €679,619 | €643,133 | -€36,486 | -5.4% |
| Equity | 10/15 | €637,296 | €621,470 | -€15,826 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €493,951 | €493,951 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €492,091 | €492,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,745 | €108,919 | -€15,826 | -12.7% |
| Amounts payable | 17/49 | €42,323 | €21,663 | -€20,661 | -48.8% |
| Amounts payable after more than one year | 17 | €17,123 | €0 | -€17,123 | -100% |
| Financial debts | 170/4 | €17,123 | €0 | -€17,123 | -100% |
| Amounts payable within one year | 42/48 | €25,200 | €21,663 | -€3,537 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €20,293 | €17,123 | -€3,170 | -15.6% |
| Financial debts | 43 | €29 | €0 | -€29 | -100% |
| Credit institutions | 430/8 | €29 | €0 | -€29 | -100% |
| Trade debts | 44 | €4,878 | €4,539 | -€339 | -7.0% |
| Suppliers | 440/4 | €4,878 | €4,539 | -€339 | -7.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,544 | €20,544 | = | 0.0% |
| Other operating charges | 640/8 | €3,694 | €4,002 | +€308 | +8.3% |
| Gross operating margin | 9900 | -€6,239 | -€415 | +€5,824 | +93.3% |
| Operating profit (loss) | 9901 | -€30,477 | -€24,961 | +€5,516 | +18.1% |
| Financial income | 75/76B | €11,204 | €9,771 | -€1,434 | -12.8% |
| Recurring financial income | 75 | €11,204 | €9,771 | -€1,434 | -12.8% |
| Financial charges | 65/66B | €3,102 | €635 | -€2,467 | -79.5% |
| Recurring financial charges | 65 | €3,102 | €635 | -€2,467 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,375 | -€15,826 | +€6,549 | +29.3% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€22,375 | -€15,826 | +€6,549 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,375 | -€15,826 | +€6,549 | +29.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.