S. ANDRE DOMBRECHT: 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.
S. ANDRE DOMBRECHT
Largest movements
- Cash +€111,784
up €111,784 (+540%), from €20,705 to €132,489
mainly Current investments (+€93,017) and Net result for the year (+€58,675)
- Current investments -€93,017
no longer reported in 2025 (was €93,017)
- Tangible fixed assets -€8,764
down €8,764 (-1.4%), from €628,213 to €619,448
of which Furniture and vehicles: -€24,471
- Debts after one year -€51,668
down €51,668 (-12.3%), from €418,976 to €367,308
- Reserves +€49,646
up €49,646 (+15.9%), from €312,356 to €362,002
- Gross operating margin +€5,771
up €5,771 (+4.3%), from €134,291 to €140,063
- Depreciation +€5,568
up €5,568 (+15.1%), from €36,751 to €42,319
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 | €852,158 | €857,167 | +€5,009 | +0.6% |
| Fixed assets | 21/28 | €628,213 | €619,448 | -€8,764 | -1.4% |
| Tangible fixed assets | 22/27 | €628,213 | €619,448 | -€8,764 | -1.4% |
| Land and buildings | 22 | €491,241 | €481,090 | -€10,152 | -2.1% |
| Furniture and vehicles | 24 | €101,478 | €77,007 | -€24,471 | -24.1% |
| Other tangible fixed assets | 26 | €35,493 | €61,352 | +€25,859 | +72.9% |
| Current assets | 29/58 | €223,946 | €237,719 | +€13,773 | +6.2% |
| Amounts receivable within one year | 40/41 | €106,369 | €101,284 | -€5,085 | -4.8% |
| Trade receivables | 40 | €106,369 | €101,284 | -€5,085 | -4.8% |
| Current investments | 50/53 | €93,017 | - | -€93,017 | |
| Cash at bank and in hand | 54/58 | €20,705 | €132,489 | +€111,784 | +540% |
| Deferred charges and accrued income | 490/1 | €3,854 | €3,946 | +€91 | +2.4% |
| Total equity and liabilities | 10/49 | €852,158 | €857,167 | +€5,009 | +0.6% |
| Equity | 10/15 | €318,556 | €368,202 | +€49,646 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €312,356 | €362,002 | +€49,646 | +15.9% |
| Distributable reserves | 133 | €312,356 | €362,002 | +€49,646 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €533,602 | €488,965 | -€44,637 | -8.4% |
| Amounts payable after more than one year | 17 | €418,976 | €367,308 | -€51,668 | -12.3% |
| Financial debts | 170/4 | €418,976 | €367,308 | -€51,668 | -12.3% |
| Amounts payable within one year | 42/48 | €111,757 | €118,746 | +€6,989 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €50,361 | €51,668 | +€1,307 | +2.6% |
| Trade debts | 44 | €1,327 | €1,488 | +€161 | +12.1% |
| Suppliers | 440/4 | €1,327 | €1,488 | +€161 | +12.1% |
| Taxes, remuneration and social security | 45 | €20,367 | €25,558 | +€5,191 | +25.5% |
| Taxes | 450/3 | €20,367 | €25,558 | +€5,191 | +25.5% |
| Other amounts payable | 47/48 | €39,702 | €40,033 | +€331 | +0.8% |
| Accrued charges and deferred income | 492/3 | €2,869 | €2,911 | +€43 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,751 | €42,319 | +€5,568 | +15.1% |
| Other operating charges | 640/8 | €2,501 | €3,543 | +€1,042 | +41.7% |
| Gross operating margin | 9900 | €134,291 | €140,063 | +€5,771 | +4.3% |
| Operating profit (loss) | 9901 | €95,040 | €94,201 | -€838 | -0.9% |
| Financial income | 75/76B | €310 | €585 | +€275 | +88.7% |
| Recurring financial income | 75 | €310 | €585 | +€275 | +88.7% |
| Financial charges | 65/66B | €11,697 | €11,650 | -€47 | -0.4% |
| Recurring financial charges | 65 | €11,697 | €11,650 | -€47 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €83,652 | €83,136 | -€517 | -0.6% |
| Income taxes | 67/77 | €25,501 | €24,461 | -€1,040 | -4.1% |
| Profit (loss) for the period | 9904 | €58,151 | €58,675 | +€524 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,151 | €58,675 | +€524 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.