Ann Van Hecke: 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.
Ann Van Hecke
Largest movements
- Cash +€60,951
up €60,951 (+58.5%), from €104,204 to €165,155
mainly Net result for the year (+€90,977) and Other debts (+€6,036)
- Receivables within one year +€19,305
up €19,305 (+112%), from €17,188 to €36,493
- Current investments +€3,648
up €3,648 (+2.8%), from €130,139 to €133,787
- Reserves +€90,000
up €90,000 (+42.5%), from €212,000 to €302,000
- Trade debts -€7,773
down €7,773 (-98.7%), from €7,873 to €100
- Other debts +€6,036
up €6,036 (+218%), from €2,773 to €8,809
- Tax, wage and social debts -€4,933
down €4,933 (-22.3%), from €22,152 to €17,219
of which Remuneration and social security: -€6,900
- Gross operating margin +€18,766
up €18,766 (+17.7%), from €105,892 to €124,658
- Financial income +€3,649
new in 2025: €3,649
- Taxes +€1,382
up €1,382 (+4.0%), from €34,185 to €35,567
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 | €252,423 | €336,729 | +€84,307 | +33.4% |
| Fixed assets | 21/28 | - | €340 | +€340 | |
| Financial fixed assets | 28 | - | €340 | +€340 | |
| Current assets | 29/58 | €252,423 | €336,389 | +€83,967 | +33.3% |
| Amounts receivable within one year | 40/41 | €17,188 | €36,493 | +€19,305 | +112% |
| Trade receivables | 40 | €17,188 | €36,493 | +€19,305 | +112% |
| Current investments | 50/53 | €130,139 | €133,787 | +€3,648 | +2.8% |
| Cash at bank and in hand | 54/58 | €104,204 | €165,155 | +€60,951 | +58.5% |
| Deferred charges and accrued income | 490/1 | €892 | €955 | +€62 | +7.0% |
| Total equity and liabilities | 10/49 | €252,423 | €336,729 | +€84,307 | +33.4% |
| Equity | 10/15 | €218,125 | €309,102 | +€90,977 | +41.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €212,000 | €302,000 | +€90,000 | +42.5% |
| Distributable reserves | 133 | €212,000 | €302,000 | +€90,000 | +42.5% |
| Profit (loss) carried forward | 14 | €1,125 | €2,102 | +€977 | +86.9% |
| Amounts payable | 17/49 | €34,298 | €27,627 | -€6,670 | -19.4% |
| Amounts payable within one year | 42/48 | €32,798 | €26,127 | -€6,670 | -20.3% |
| Trade debts | 44 | €7,873 | €100 | -€7,773 | -98.7% |
| Suppliers | 440/4 | €7,873 | €100 | -€7,773 | -98.7% |
| Taxes, remuneration and social security | 45 | €22,152 | €17,219 | -€4,933 | -22.3% |
| Taxes | 450/3 | €15,252 | €17,219 | +€1,967 | +12.9% |
| Remuneration and social security | 454/9 | €6,900 | - | -€6,900 | |
| Other amounts payable | 47/48 | €2,773 | €8,809 | +€6,036 | +218% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €181 | €649 | +€468 | +258% |
| Gross operating margin | 9900 | €105,892 | €124,658 | +€18,766 | +17.7% |
| Operating profit (loss) | 9901 | €105,711 | €124,009 | +€18,298 | +17.3% |
| Financial income | 75/76B | - | €3,649 | +€3,649 | |
| Recurring financial income | 75 | - | €3,649 | +€3,649 | |
| Financial charges | 65/66B | €1,217 | €1,114 | -€103 | -8.5% |
| Recurring financial charges | 65 | €1,217 | €1,114 | -€103 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €104,493 | €126,544 | +€22,051 | +21.1% |
| Income taxes | 67/77 | €34,185 | €35,567 | +€1,382 | +4.0% |
| Profit (loss) for the period | 9904 | €70,309 | €90,977 | +€20,668 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,309 | €90,977 | +€20,668 | +29.4% |
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 28 October 2026 via checked.be.