DR. VAN DUFFEL DRIES: 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. VAN DUFFEL DRIES
Largest movements
- Receivables within one year -€88,211
no longer reported in 2025 (was €88,211)
of which Trade receivables: -€81,145
- Cash +€7,422
up €7,422 (+34.8%), from €21,304 to €28,726
mainly Net result for the year (+€91,694) and Receivables within one year (+€88,211)
- Current investments -€5,751
down €5,751 (-10.6%), from €54,273 to €48,522
- Tangible fixed assets -€4,741
down €4,741 (-11.1%), from €42,843 to €38,101
of which Land and buildings: -€2,969
- Accrued charges and deferred income -€61,415
down €61,415 (-99.2%), from €61,923 to €509
- Reserves -€29,506
down €29,506 (-24.7%), from €119,410 to €89,904
- Current portion of long-term debt -€15,007
down €15,007 (-86.2%), from €17,402 to €2,395
- Other debts +€9,917
up €9,917 (+4,081%), from €243 to €10,160
- Debts after one year +€3,547
new in 2025: €3,547
- Gross operating margin +€18,855
up €18,855 (+15.8%), from €119,090 to €137,945
- Depreciation -€14,280
down €14,280 (-47.1%), from €30,315 to €16,035
- Taxes +€7,251
up €7,251 (+38.5%), from €18,857 to €26,108
- Financial income -€5,262
down €5,262 (-61.1%), from €8,616 to €3,355
- Staff costs +€1,399
up €1,399 (+38.9%), from €3,600 to €4,999
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 | €245,441 | €151,960 | -€93,482 | -38.1% |
| Fixed assets | 21/28 | €42,843 | €38,101 | -€4,741 | -11.1% |
| Tangible fixed assets | 22/27 | €42,843 | €38,101 | -€4,741 | -11.1% |
| Land and buildings | 22 | €22,311 | €19,342 | -€2,969 | -13.3% |
| Plant, machinery and equipment | 23 | €3,064 | €1,870 | -€1,193 | -38.9% |
| Furniture and vehicles | 24 | €17,468 | €16,889 | -€579 | -3.3% |
| Current assets | 29/58 | €202,599 | €113,858 | -€88,740 | -43.8% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,211 | - | -€88,211 | |
| Trade receivables | 40 | €81,145 | - | -€81,145 | |
| Other amounts receivable | 41 | €7,066 | - | -€7,066 | |
| Current investments | 50/53 | €54,273 | €48,522 | -€5,751 | -10.6% |
| Cash at bank and in hand | 54/58 | €21,304 | €28,726 | +€7,422 | +34.8% |
| Deferred charges and accrued income | 490/1 | €14,811 | €12,610 | -€2,201 | -14.9% |
| Total equity and liabilities | 10/49 | €245,441 | €151,960 | -€93,482 | -38.1% |
| Equity | 10/15 | €138,010 | €108,504 | -€29,506 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,410 | €89,904 | -€29,506 | -24.7% |
| Distributable reserves | 133 | €119,410 | €89,904 | -€29,506 | -24.7% |
| Amounts payable | 17/49 | €107,431 | €43,456 | -€63,975 | -59.5% |
| Amounts payable after more than one year | 17 | - | €3,547 | +€3,547 | |
| Financial debts | 170/4 | - | €3,547 | +€3,547 | |
| Amounts payable within one year | 42/48 | €45,508 | €39,400 | -€6,108 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,402 | €2,395 | -€15,007 | -86.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €2,449 | €703 | -€1,747 | -71.3% |
| Suppliers | 440/4 | €2,449 | €703 | -€1,747 | -71.3% |
| Taxes, remuneration and social security | 45 | €414 | €1,142 | +€728 | +176% |
| Taxes | 450/3 | - | €355 | +€355 | |
| Remuneration and social security | 454/9 | €414 | €787 | +€373 | +90.1% |
| Other amounts payable | 47/48 | €243 | €10,160 | +€9,917 | +4,081% |
| Accrued charges and deferred income | 492/3 | €61,923 | €509 | -€61,415 | -99.2% |
| Remuneration, social security and pensions | 62 | €3,600 | €4,999 | +€1,399 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,315 | €16,035 | -€14,280 | -47.1% |
| Other operating charges | 640/8 | €677 | €617 | -€60 | -8.9% |
| Gross operating margin | 9900 | €119,090 | €137,945 | +€18,855 | +15.8% |
| Operating profit (loss) | 9901 | €84,498 | €116,295 | +€31,797 | +37.6% |
| Financial income | 75/76B | €8,616 | €3,355 | -€5,262 | -61.1% |
| Recurring financial income | 75 | €8,616 | €3,355 | -€5,262 | -61.1% |
| Financial charges | 65/66B | €1,965 | €1,848 | -€117 | -6.0% |
| Recurring financial charges | 65 | €1,965 | €1,848 | -€117 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €91,149 | €117,802 | +€26,653 | +29.2% |
| Income taxes | 67/77 | €18,857 | €26,108 | +€7,251 | +38.5% |
| Profit (loss) for the period | 9904 | €72,292 | €91,694 | +€19,401 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,292 | €91,694 | +€19,401 | +26.8% |
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 25 October 2026 via checked.be.