Aline Verschueren: what changed
Aline Verschueren
Largest movements
- Receivables within one year +€27,287
up €27,287 (+265%), from €10,284 to €37,571
- Cash +€9,390
up €9,390 (+44.2%), from €21,225 to €30,615
mainly Net result for the year (+€47,170) and Current portion of long-term debt (+€8,750)
- Financial fixed assets +€2,400
up €2,400 (+6.9%), from €35,000 to €37,400
- Tangible fixed assets +€2,012
new in 2025: €2,012
of which Furniture and vehicles: +€1,039
- Profit (loss) carried forward +€47,170
up €47,170 (+182%), from €25,949 to €73,119
- Debts after one year -€16,771
down €16,771 (-18.2%), from €92,000 to €75,229
- Current portion of long-term debt +€8,750
new in 2025: €8,750
- Trade debts -€3,513
down €3,513 (-67.0%), from €5,246 to €1,733
- Other debts +€3,049
up €3,049 (+269%), from €1,135 to €4,184
- Gross operating margin +€23,776
up €23,776 (+69.0%), from €34,451 to €58,227
- Taxes +€2,954
up €2,954 (+32.0%), from €9,231 to €12,185
- Financial income +€1,890
up €1,890 (+147%), from €1,282 to €3,172
- Financial charges +€1,334
up €1,334 (+2,218%), from €60 to €1,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,361 | €172,509 | +€41,148 | +31.3% |
| Fixed assets | 21/28 | €35,000 | €39,412 | +€4,412 | +12.6% |
| Tangible fixed assets | 22/27 | - | €2,012 | +€2,012 | |
| Plant, machinery and equipment | 23 | - | €973 | +€973 | |
| Furniture and vehicles | 24 | - | €1,039 | +€1,039 | |
| Financial fixed assets | 28 | €35,000 | €37,400 | +€2,400 | +6.9% |
| Current assets | 29/58 | €96,361 | €133,097 | +€36,737 | +38.1% |
| Amounts receivable after more than one year | 29 | €64,500 | €64,500 | = | 0.0% |
| Other amounts receivable | 291 | €64,500 | €64,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,284 | €37,571 | +€27,287 | +265% |
| Other amounts receivable | 41 | €10,284 | €37,571 | +€27,287 | +265% |
| Cash at bank and in hand | 54/58 | €21,225 | €30,615 | +€9,390 | +44.2% |
| Deferred charges and accrued income | 490/1 | €352 | €411 | +€59 | +16.9% |
| Total equity and liabilities | 10/49 | €131,361 | €172,509 | +€41,148 | +31.3% |
| Equity | 10/15 | €30,749 | €77,919 | +€47,170 | +153% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,949 | €73,119 | +€47,170 | +182% |
| Amounts payable | 17/49 | €100,612 | €94,590 | -€6,022 | -6.0% |
| Amounts payable after more than one year | 17 | €92,000 | €75,229 | -€16,771 | -18.2% |
| Financial debts | 170/4 | €92,000 | €75,229 | -€16,771 | -18.2% |
| Amounts payable within one year | 42/48 | €8,612 | €19,361 | +€10,749 | +125% |
| Current portion of amounts payable after more than one year | 42 | - | €8,750 | +€8,750 | |
| Trade debts | 44 | €5,246 | €1,733 | -€3,513 | -67.0% |
| Suppliers | 440/4 | €5,246 | €1,733 | -€3,513 | -67.0% |
| Taxes, remuneration and social security | 45 | €2,231 | €4,694 | +€2,462 | +110% |
| Taxes | 450/3 | €2,231 | €4,694 | +€2,462 | +110% |
| Other amounts payable | 47/48 | €1,135 | €4,184 | +€3,049 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €416 | +€416 | |
| Other operating charges | 640/8 | €493 | €208 | -€285 | -57.9% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €34,451 | €58,227 | +€23,776 | +69.0% |
| Operating profit (loss) | 9901 | €33,958 | €57,577 | +€23,619 | +69.6% |
| Financial income | 75/76B | €1,282 | €3,172 | +€1,890 | +147% |
| Recurring financial income | 75 | €1,282 | €3,172 | +€1,890 | +147% |
| Financial charges | 65/66B | €60 | €1,394 | +€1,334 | +2,218% |
| Recurring financial charges | 65 | €60 | €1,394 | +€1,334 | +2,218% |
| Profit (loss) for the period before taxes | 9903 | €35,180 | €59,355 | +€24,175 | +68.7% |
| Income taxes | 67/77 | €9,231 | €12,185 | +€2,954 | +32.0% |
| Profit (loss) for the period | 9904 | €25,949 | €47,170 | +€21,221 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,949 | €47,170 | +€21,221 | +81.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.