Dr Vertical: what changed
Two fiscal 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 Vertical
Largest movements
- Receivables within one year +€42,390
up €42,390 (+38.7%), from €109,550 to €151,940
of which Trade receivables: +€56,553
- Tangible fixed assets +€20,315
up €20,315 (+490.3%), from €4,143 to €24,458
of which Furniture and vehicles: +€19,221
- Cash -€9,667
down €9,667 (-18.1%), from €53,371 to €43,704
mainly Receivables within one year (-€42,390) and Investment in fixed assets (net) (-€28,793)
- Reserves +€30,000
up €30,000 (+30.2%), from €99,500 to €129,500
- Profit (loss) carried forward +€15,241
up €15,241 (+14.7%), from €103,507 to €118,748
- Trade debts +€8,815
up €8,815 (+951.8%), from €926 to €9,741
- Gross operating margin +€12,213
up €12,213 (+19.7%), from €62,100 to €74,313
- Depreciation +€6,517
up €6,517 (+332.3%), from €1,961 to €8,478
- Other operating charges +€1,904
up €1,904 (+272.5%), from €699 to €2,603
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.
Cash bridge derived
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 | €223,763 | €277,173 | +€53,409 | +23.9% |
| Fixed assets | 21/28 | €4,143 | €24,458 | +€20,315 | +490.3% |
| Tangible fixed assets | 22/27 | €4,143 | €24,458 | +€20,315 | +490.3% |
| Plant, machinery and equipment | 23 | €227 | €1,322 | +€1,094 | +482.1% |
| Furniture and vehicles | 24 | €3,916 | €23,137 | +€19,221 | +490.8% |
| Current assets | 29/58 | €219,620 | €252,715 | +€33,094 | +15.1% |
| Amounts receivable after more than one year | 29 | €56,525 | €56,525 | = | 0.0% |
| Other amounts receivable | 291 | €56,525 | €56,525 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,550 | €151,940 | +€42,390 | +38.7% |
| Trade receivables | 40 | €51,321 | €107,874 | +€56,553 | +110.2% |
| Other amounts receivable | 41 | €58,229 | €44,066 | -€14,163 | -24.3% |
| Cash at bank and in hand | 54/58 | €53,371 | €43,704 | -€9,667 | -18.1% |
| Deferred charges and accrued income | 490/1 | €175 | €546 | +€371 | +212.3% |
| Total equity and liabilities | 10/49 | €223,763 | €277,173 | +€53,409 | +23.9% |
| Equity | 10/15 | €203,007 | €248,248 | +€45,241 | +22.3% |
| Reserves | 13 | €99,500 | €129,500 | +€30,000 | +30.2% |
| Distributable reserves | 133 | €99,500 | €129,500 | +€30,000 | +30.2% |
| Profit (loss) carried forward | 14 | €103,507 | €118,748 | +€15,241 | +14.7% |
| Amounts payable | 17/49 | €20,756 | €28,925 | +€8,168 | +39.4% |
| Amounts payable within one year | 42/48 | €20,756 | €28,925 | +€8,168 | +39.4% |
| Trade debts | 44 | €926 | €9,741 | +€8,815 | +951.8% |
| Suppliers | 440/4 | €926 | €9,741 | +€8,815 | +951.8% |
| Advances received on contracts in progress | 46 | €250 | - | -€250 | |
| Taxes, remuneration and social security | 45 | €19,580 | €19,184 | -€396 | -2.0% |
| Taxes | 450/3 | €19,580 | €19,184 | -€396 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,961 | €8,478 | +€6,517 | +332.3% |
| Other operating charges | 640/8 | €699 | €2,603 | +€1,904 | +272.5% |
| Non-recurring operating charges | 66A | - | €950 | +€950 | |
| Gross operating margin | 9900 | €62,100 | €74,313 | +€12,213 | +19.7% |
| Operating profit (loss) | 9901 | €59,440 | €62,282 | +€2,841 | +4.8% |
| Financial charges | 65/66B | €155 | €192 | +€37 | +24.1% |
| Recurring financial charges | 65 | €155 | €192 | +€37 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €59,286 | €62,090 | +€2,804 | +4.7% |
| Income taxes | 67/77 | €17,057 | €16,849 | -€208 | -1.2% |
| Profit (loss) for the period | 9904 | €42,228 | €45,241 | +€3,013 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,228 | €45,241 | +€3,013 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.