Dr. Vanbockrijck: 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. Vanbockrijck
Largest movements
- Current investments +€376,564
up €376,564 (+1,547%), from €24,340 to €400,904
- Cash -€169,141
down €169,141 (-79.0%), from €214,061 to €44,920
mainly Current investments (-€376,564) and Receivables within one year (-€143,091)
- Receivables within one year +€143,091
up €143,091 (+28.1%), from €508,898 to €651,989
of which Other amounts receivable: +€143,185
- Deferred charges and accrued income +€14,068
up €14,068 (+181%), from €7,781 to €21,850
- Reserves +€325,537
up €325,537 (+47.0%), from €692,749 to €1.0m
of which Distributable reserves: +€178,187
- Other debts +€35,000
new in 2025: €35,000
- Gross operating margin +€33,487
up €33,487 (+8.2%), from €407,953 to €441,440
- Other operating charges -€20,787
down €20,787 (-88.1%), from €23,595 to €2,808
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 | €758,793 | €1,128,641 | +€369,847 | +48.7% |
| Fixed assets | 21/28 | €3,713 | €8,978 | +€5,264 | +142% |
| Tangible fixed assets | 22/27 | €3,713 | €8,978 | +€5,264 | +142% |
| Land and buildings | 22 | €1,334 | €7,253 | +€5,918 | +444% |
| Furniture and vehicles | 24 | €2,379 | €1,725 | -€654 | -27.5% |
| Current assets | 29/58 | €755,080 | €1,119,663 | +€364,583 | +48.3% |
| Amounts receivable within one year | 40/41 | €508,898 | €651,989 | +€143,091 | +28.1% |
| Trade receivables | 40 | €186,822 | €186,729 | -€94 | -0.1% |
| Other amounts receivable | 41 | €322,076 | €465,261 | +€143,185 | +44.5% |
| Current investments | 50/53 | €24,340 | €400,904 | +€376,564 | +1,547% |
| Cash at bank and in hand | 54/58 | €214,061 | €44,920 | -€169,141 | -79.0% |
| Deferred charges and accrued income | 490/1 | €7,781 | €21,850 | +€14,068 | +181% |
| Total equity and liabilities | 10/49 | €758,793 | €1,128,641 | +€369,847 | +48.7% |
| Equity | 10/15 | €712,749 | €1,038,286 | +€325,537 | +45.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €692,749 | €1,018,286 | +€325,537 | +47.0% |
| Tax-exempt reserves | 132 | - | €147,350 | +€147,350 | |
| Distributable reserves | 133 | €692,749 | €870,936 | +€178,187 | +25.7% |
| Amounts payable | 17/49 | €46,044 | €90,354 | +€44,310 | +96.2% |
| Amounts payable within one year | 42/48 | €46,044 | €90,354 | +€44,310 | +96.2% |
| Trade debts | 44 | €8,239 | €10,100 | +€1,861 | +22.6% |
| Suppliers | 440/4 | €8,239 | €10,100 | +€1,861 | +22.6% |
| Taxes, remuneration and social security | 45 | €37,805 | €45,254 | +€7,450 | +19.7% |
| Taxes | 450/3 | €37,805 | €42,720 | +€4,915 | +13.0% |
| Remuneration and social security | 454/9 | - | €2,534 | +€2,534 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Remuneration, social security and pensions | 62 | €368 | - | -€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | €1,723 | +€1,113 | +183% |
| Other operating charges | 640/8 | €23,595 | €2,808 | -€20,787 | -88.1% |
| Gross operating margin | 9900 | €407,953 | €441,440 | +€33,487 | +8.2% |
| Operating profit (loss) | 9901 | €383,380 | €436,908 | +€53,529 | +14.0% |
| Financial income | 75/76B | €16,380 | €20,663 | +€4,283 | +26.1% |
| Recurring financial income | 75 | €16,380 | €20,663 | +€4,283 | +26.1% |
| Financial charges | 65/66B | €1,986 | €1,500 | -€486 | -24.5% |
| Recurring financial charges | 65 | €1,986 | €1,500 | -€486 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €397,774 | €456,071 | +€58,298 | +14.7% |
| Income taxes | 67/77 | €127,805 | €130,534 | +€2,729 | +2.1% |
| Profit (loss) for the period | 9904 | €269,969 | €325,537 | +€55,569 | +20.6% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €269,969 | €178,187 | -€91,781 | -34.0% |
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 21 October 2026 via checked.be.