Steven Doms: 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.
Steven Doms
Largest movements
- Current investments +€197,603
up €197,603 (+27.4%), from €720,370 to €917,973
- Tangible fixed assets +€132,577
up €132,577 (+35.9%), from €369,253 to €501,831
of which Furniture and vehicles: +€132,315
- Receivables within one year +€98,673
up €98,673 (+15.4%), from €639,787 to €738,461
of which Other amounts receivable: +€129,409
- Cash +€27,615
up €27,615 (+14.3%), from €192,803 to €220,418
mainly Net result for the year (+€348,934) and Debts after one year (+€81,631)
- Reserves +€348,934
up €348,934 (+22.9%), from €1.5m to €1.9m
of which Distributable reserves: +€348,934
- Debts after one year +€81,631
up €81,631 (+52.0%), from €156,889 to €238,520
- Short-term financial debts +€35,142
up €35,142 (+9.6%), from €365,750 to €400,892
- Financial income +€49,106
up €49,106 (+180.2%), from €27,249 to €76,355
- Gross operating margin +€31,788
up €31,788 (+7.0%), from €455,725 to €487,513
- Taxes +€16,778
up €16,778 (+11.8%), from €141,623 to €158,402
- Depreciation +€14,974
up €14,974 (+150.9%), from €9,920 to €24,894
- Financial charges +€5,359
up €5,359 (+21.7%), from €24,660 to €30,019
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 | €2,196,867 | €2,653,322 | +€456,455 | +20.8% |
| Fixed assets | 21/28 | €369,253 | €501,831 | +€132,577 | +35.9% |
| Tangible fixed assets | 22/27 | €369,253 | €501,831 | +€132,577 | +35.9% |
| Land and buildings | 22 | €364,682 | €355,517 | -€9,165 | -2.5% |
| Plant, machinery and equipment | 23 | €3,233 | €2,817 | -€415 | -12.8% |
| Furniture and vehicles | 24 | €99 | €132,413 | +€132,315 | +133975.8% |
| Other tangible fixed assets | 26 | €1,240 | €11,083 | +€9,843 | +793.7% |
| Current assets | 29/58 | €1,827,614 | €2,151,491 | +€323,877 | +17.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €639,787 | €738,461 | +€98,673 | +15.4% |
| Trade receivables | 40 | €31,414 | €679 | -€30,735 | -97.8% |
| Other amounts receivable | 41 | €608,373 | €737,782 | +€129,409 | +21.3% |
| Current investments | 50/53 | €720,370 | €917,973 | +€197,603 | +27.4% |
| Cash at bank and in hand | 54/58 | €192,803 | €220,418 | +€27,615 | +14.3% |
| Deferred charges and accrued income | 490/1 | €24,653 | €24,639 | -€14 | -0.1% |
| Total equity and liabilities | 10/49 | €2,196,867 | €2,653,322 | +€456,455 | +20.8% |
| Equity | 10/15 | €1,559,475 | €1,908,409 | +€348,934 | +22.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,523,569 | €1,872,502 | +€348,934 | +22.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,523,569 | €1,872,502 | +€348,934 | +22.9% |
| Profit (loss) carried forward | 14 | €5,906 | €5,906 | = | 0.0% |
| Amounts payable | 17/49 | €637,392 | €744,913 | +€107,521 | +16.9% |
| Amounts payable after more than one year | 17 | €156,889 | €238,520 | +€81,631 | +52.0% |
| Financial debts | 170/4 | €156,889 | €238,520 | +€81,631 | +52.0% |
| Amounts payable within one year | 42/48 | €460,523 | €484,186 | +€23,663 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €15,637 | €40,992 | +€25,355 | +162.1% |
| Financial debts | 43 | €365,750 | €400,892 | +€35,142 | +9.6% |
| Other loans | 439 | €365,750 | €400,892 | +€35,142 | +9.6% |
| Trade debts | 44 | €28,137 | €10,820 | -€17,317 | -61.5% |
| Suppliers | 440/4 | €28,137 | €10,820 | -€17,317 | -61.5% |
| Taxes, remuneration and social security | 45 | €14,240 | €824 | -€13,416 | -94.2% |
| Taxes | 450/3 | €14,240 | €824 | -€13,416 | -94.2% |
| Other amounts payable | 47/48 | €36,758 | €30,658 | -€6,100 | -16.6% |
| Accrued charges and deferred income | 492/3 | €19,980 | €22,207 | +€2,227 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,920 | €24,894 | +€14,974 | +150.9% |
| Other operating charges | 640/8 | €1,251 | €1,619 | +€368 | +29.4% |
| Gross operating margin | 9900 | €455,725 | €487,513 | +€31,788 | +7.0% |
| Operating profit (loss) | 9901 | €444,554 | €461,000 | +€16,446 | +3.7% |
| Financial income | 75/76B | €27,249 | €76,355 | +€49,106 | +180.2% |
| Recurring financial income | 75 | €27,249 | €76,355 | +€49,106 | +180.2% |
| Financial charges | 65/66B | €24,660 | €30,019 | +€5,359 | +21.7% |
| Recurring financial charges | 65 | €24,660 | €30,019 | +€5,359 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €447,142 | €507,336 | +€60,194 | +13.5% |
| Income taxes | 67/77 | €141,623 | €158,402 | +€16,778 | +11.8% |
| Profit (loss) for the period | 9904 | €305,519 | €348,934 | +€43,415 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €305,519 | €348,934 | +€43,415 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.