Dr. Thomas Debrouwere: 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. Thomas Debrouwere
Largest movements
- Cash +€167,731
up €167,731 (+290%), from €57,918 to €225,649
mainly Net result for the year (+€464,930) and Current investments (+€150,000)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Deferred charges and accrued income -€21,502
down €21,502 (-8.2%), from €263,292 to €241,790
- Reserves +€464,930
new in 2025: €464,930
of which Distributable reserves: +€359,680
- Other debts -€376,415
down €376,415 (-99.3%), from €378,975 to €2,560
- Tax, wage and social debts -€94,469
down €94,469 (-96.3%), from €98,143 to €3,674
- Gross operating margin +€23,727
up €23,727 (+4.0%), from €592,805 to €616,531
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 | €482,905 | €479,569 | -€3,335 | -0.7% |
| Fixed assets | 21/28 | €9,960 | €12,115 | +€2,155 | +21.6% |
| Tangible fixed assets | 22/27 | €9,960 | €11,894 | +€1,934 | +19.4% |
| Land and buildings | 22 | €286 | €243 | -€43 | -15.2% |
| Plant, machinery and equipment | 23 | €9,478 | €8,044 | -€1,434 | -15.1% |
| Furniture and vehicles | 24 | €196 | €3,607 | +€3,411 | +1,737% |
| Financial fixed assets | 28 | - | €221 | +€221 | |
| Current assets | 29/58 | €472,945 | €467,454 | -€5,490 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,734 | €15 | -€1,719 | -99.1% |
| Trade receivables | 40 | - | €15 | +€15 | |
| Other amounts receivable | 41 | €1,734 | - | -€1,734 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €57,918 | €225,649 | +€167,731 | +290% |
| Deferred charges and accrued income | 490/1 | €263,292 | €241,790 | -€21,502 | -8.2% |
| Total equity and liabilities | 10/49 | €482,905 | €479,569 | -€3,335 | -0.7% |
| Equity | 10/15 | €1,000 | €465,930 | +€464,930 | +46,493% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €464,930 | +€464,930 | |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | - | €359,680 | +€359,680 | |
| Amounts payable | 17/49 | €481,905 | €13,640 | -€468,265 | -97.2% |
| Amounts payable within one year | 42/48 | €478,998 | €12,632 | -€466,366 | -97.4% |
| Trade debts | 44 | €1,880 | €6,398 | +€4,518 | +240% |
| Suppliers | 440/4 | €1,880 | €6,398 | +€4,518 | +240% |
| Taxes, remuneration and social security | 45 | €98,143 | €3,674 | -€94,469 | -96.3% |
| Taxes | 450/3 | €98,143 | €3,674 | -€94,469 | -96.3% |
| Other amounts payable | 47/48 | €378,975 | €2,560 | -€376,415 | -99.3% |
| Accrued charges and deferred income | 492/3 | €2,907 | €1,008 | -€1,899 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,163 | €4,366 | +€203 | +4.9% |
| Other operating charges | 640/8 | €482 | €256 | -€226 | -46.9% |
| Gross operating margin | 9900 | €592,805 | €616,531 | +€23,727 | +4.0% |
| Operating profit (loss) | 9901 | €588,160 | €611,910 | +€23,750 | +4.0% |
| Financial income | 75/76B | €4,352 | €2,779 | -€1,573 | -36.1% |
| Recurring financial income | 75 | €4,352 | €2,779 | -€1,573 | -36.1% |
| Financial charges | 65/66B | €1,487 | €326 | -€1,161 | -78.1% |
| Recurring financial charges | 65 | €1,487 | €326 | -€1,161 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €591,025 | €614,362 | +€23,338 | +3.9% |
| Income taxes | 67/77 | €145,172 | €149,433 | +€4,260 | +2.9% |
| Profit (loss) for the period | 9904 | €445,853 | €464,930 | +€19,077 | +4.3% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €445,853 | €359,680 | -€86,173 | -19.3% |
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 20 October 2026 via checked.be.