DR. VAN DUFFEL MARC: 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 MARC
Largest movements
- Cash -€86,797
down €86,797 (-71.5%), from €121,441 to €34,644
mainly Current investments (-€75,853) and Contributions, distributions and other (-€57,895)
- Current investments +€75,853
up €75,853 (+64.4%), from €117,811 to €193,664
- Debts after one year -€29,613
no longer reported in 2025 (was €29,613)
- Reserves +€13,104
up €13,104 (+1.4%), from €924,071 to €937,175
- Gross operating margin -€7,927
down €7,927 (-6.9%), from €115,158 to €107,231
- Financial charges -€1,359
down €1,359 (-31.3%), from €4,338 to €2,979
- Financial income +€1,219
up €1,219 (+48.3%), from €2,525 to €3,744
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 | €972,429 | €963,496 | -€8,933 | -0.9% |
| Fixed assets | 21/28 | €613,409 | €616,072 | +€2,663 | +0.4% |
| Tangible fixed assets | 22/27 | €613,409 | €616,072 | +€2,663 | +0.4% |
| Plant, machinery and equipment | 23 | €2,913 | €2,587 | -€326 | -11.2% |
| Furniture and vehicles | 24 | €610,496 | €613,485 | +€2,989 | +0.5% |
| Current assets | 29/58 | €359,020 | €347,425 | -€11,595 | -3.2% |
| Amounts receivable within one year | 40/41 | €117,348 | €111,391 | -€5,957 | -5.1% |
| Trade receivables | 40 | €33,648 | - | -€33,648 | |
| Other amounts receivable | 41 | €83,700 | €111,391 | +€27,691 | +33.1% |
| Current investments | 50/53 | €117,811 | €193,664 | +€75,853 | +64.4% |
| Cash at bank and in hand | 54/58 | €121,441 | €34,644 | -€86,797 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,420 | €7,726 | +€5,306 | +219% |
| Total equity and liabilities | 10/49 | €972,429 | €963,496 | -€8,933 | -0.9% |
| Equity | 10/15 | €930,271 | €943,375 | +€13,104 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €924,071 | €937,175 | +€13,104 | +1.4% |
| Distributable reserves | 133 | €924,071 | €937,175 | +€13,104 | +1.4% |
| Amounts payable | 17/49 | €42,158 | €20,121 | -€22,037 | -52.3% |
| Amounts payable after more than one year | 17 | €29,613 | - | -€29,613 | |
| Other amounts payable | 178/9 | €29,613 | - | -€29,613 | |
| Amounts payable within one year | 42/48 | €10,709 | €18,343 | +€7,634 | +71.3% |
| Trade debts | 44 | €2,940 | €2,827 | -€113 | -3.8% |
| Suppliers | 440/4 | €2,940 | €2,827 | -€113 | -3.8% |
| Taxes, remuneration and social security | 45 | €7,769 | €10,935 | +€3,166 | +40.7% |
| Taxes | 450/3 | €5,482 | €8,435 | +€2,953 | +53.9% |
| Remuneration and social security | 454/9 | €2,287 | €2,500 | +€213 | +9.3% |
| Other amounts payable | 47/48 | - | €4,581 | +€4,581 | |
| Accrued charges and deferred income | 492/3 | €1,836 | €1,778 | -€58 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,650 | €6,337 | +€688 | +12.2% |
| Other operating charges | 640/8 | €1,612 | €1,465 | -€147 | -9.1% |
| Gross operating margin | 9900 | €115,158 | €107,231 | -€7,927 | -6.9% |
| Operating profit (loss) | 9901 | €107,896 | €99,429 | -€8,467 | -7.8% |
| Financial income | 75/76B | €2,525 | €3,744 | +€1,219 | +48.3% |
| Recurring financial income | 75 | €2,525 | €3,744 | +€1,219 | +48.3% |
| Financial charges | 65/66B | €4,338 | €2,979 | -€1,359 | -31.3% |
| Recurring financial charges | 65 | €4,338 | €2,979 | -€1,359 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €106,083 | €100,194 | -€5,889 | -5.6% |
| Income taxes | 67/77 | €30,247 | €29,196 | -€1,052 | -3.5% |
| Profit (loss) for the period | 9904 | €75,836 | €70,999 | -€4,837 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,836 | €70,999 | -€4,837 | -6.4% |
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.