Dr. Yves Devriendt: 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. Yves Devriendt
Largest movements
- Tangible fixed assets -€89,119
down €89,119 (-6.4%), from €1.4m to €1.3m
of which Land and buildings: -€66,283
- Cash -€33,173
down €33,173 (-77.3%), from €42,917 to €9,744
mainly Contributions, distributions and other (-€277,821) and Debts after one year (-€32,889)
- Deferred charges and accrued income +€22,141
up €22,141 (+130.8%), from €16,930 to €39,070
- Reserves -€86,684
down €86,684 (-7.8%), from €1.1m to €1.0m
- Debts after one year -€32,889
down €32,889 (-52.2%), from €63,036 to €30,147
- Tax, wage and social debts +€17,213
up €17,213 (+60.9%), from €28,261 to €45,474
- Gross operating margin +€13,065
up €13,065 (+3.4%), from €387,182 to €400,246
- Depreciation +€9,023
up €9,023 (+10.0%), from €89,786 to €98,809
- Financial charges -€5,021
down €5,021 (-22.2%), from €22,636 to €17,615
- Taxes +€4,187
up €4,187 (+5.2%), from €80,795 to €84,982
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 | €1,492,500 | €1,392,381 | -€100,119 | -6.7% |
| Fixed assets | 21/28 | €1,429,879 | €1,340,760 | -€89,119 | -6.2% |
| Tangible fixed assets | 22/27 | €1,400,066 | €1,310,947 | -€89,119 | -6.4% |
| Land and buildings | 22 | €1,283,221 | €1,216,938 | -€66,283 | -5.2% |
| Furniture and vehicles | 24 | €116,845 | €94,009 | -€22,835 | -19.5% |
| Financial fixed assets | 28 | €29,813 | €29,813 | = | 0.0% |
| Current assets | 29/58 | €62,621 | €51,621 | -€11,000 | -17.6% |
| Amounts receivable within one year | 40/41 | €2,741 | €2,771 | +€30 | +1.1% |
| Trade receivables | 40 | €2,741 | €2,771 | +€30 | +1.1% |
| Current investments | 50/53 | €34 | €36 | +€2 | +6.9% |
| Cash at bank and in hand | 54/58 | €42,917 | €9,744 | -€33,173 | -77.3% |
| Deferred charges and accrued income | 490/1 | €16,930 | €39,070 | +€22,141 | +130.8% |
| Total equity and liabilities | 10/49 | €1,492,500 | €1,392,381 | -€100,119 | -6.7% |
| Equity | 10/15 | €1,120,930 | €1,034,245 | -€86,684 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,108,530 | €1,021,845 | -€86,684 | -7.8% |
| Distributable reserves | 133 | €1,108,530 | €1,021,845 | -€86,684 | -7.8% |
| Amounts payable | 17/49 | €371,570 | €358,136 | -€13,434 | -3.6% |
| Amounts payable after more than one year | 17 | €63,036 | €30,147 | -€32,889 | -52.2% |
| Financial debts | 170/4 | €63,036 | €30,147 | -€32,889 | -52.2% |
| Amounts payable within one year | 42/48 | €293,894 | €316,697 | +€22,803 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €32,889 | €32,889 | = | 0.0% |
| Financial debts | 43 | - | €1,010 | +€1,010 | |
| Credit institutions | 430/8 | - | €1,010 | +€1,010 | |
| Trade debts | 44 | €2,809 | €13,452 | +€10,643 | +378.9% |
| Suppliers | 440/4 | €2,809 | €13,452 | +€10,643 | +378.9% |
| Taxes, remuneration and social security | 45 | €28,261 | €45,474 | +€17,213 | +60.9% |
| Taxes | 450/3 | €28,261 | €45,474 | +€17,213 | +60.9% |
| Other amounts payable | 47/48 | €229,935 | €223,872 | -€6,063 | -2.6% |
| Accrued charges and deferred income | 492/3 | €14,639 | €11,291 | -€3,348 | -22.9% |
| Non-recurring operating income | 76A | €26,047 | - | -€26,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,786 | €98,809 | +€9,023 | +10.0% |
| Other operating charges | 640/8 | €8,117 | €8,058 | -€59 | -0.7% |
| Gross operating margin | 9900 | €387,182 | €400,246 | +€13,065 | +3.4% |
| Operating profit (loss) | 9901 | €289,279 | €293,379 | +€4,101 | +1.4% |
| Financial income | 75/76B | €198 | €355 | +€157 | +79.3% |
| Recurring financial income | 75 | €198 | €355 | +€157 | +79.3% |
| Financial charges | 65/66B | €22,636 | €17,615 | -€5,021 | -22.2% |
| Recurring financial charges | 65 | €22,636 | €17,615 | -€5,021 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €266,841 | €276,119 | +€9,278 | +3.5% |
| Income taxes | 67/77 | €80,795 | €84,982 | +€4,187 | +5.2% |
| Profit (loss) for the period | 9904 | €186,046 | €191,137 | +€5,091 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €186,046 | €191,137 | +€5,091 | +2.7% |
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 9 October 2026 via checked.be.