Anouk Henderickx: 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.
Anouk Henderickx
Largest movements
- Cash +€31,187
up €31,187 (+624%), from €5,000 to €36,187
mainly Net result for the year (+€30,300) and Tax, wage and social debts (+€13,295)
- Receivables within one year +€2,473
up €2,473 (+38.6%), from €6,400 to €8,873
of which Other amounts receivable: +€8,873
- Tangible fixed assets -€1,500
down €1,500 (-33.7%), from €4,451 to €2,951
- Intangible fixed assets -€1,000
down €1,000 (-20.1%), from €4,967 to €3,967
- Reserves +€30,300
up €30,300 (+1,581%), from €1,917 to €32,217
- Tax, wage and social debts +€13,295
up €13,295 (+2,733%), from €486 to €13,782
- Trade debts -€11,338
down €11,338 (-91.7%), from €12,368 to €1,030
- Accrued charges and deferred income -€1,047
no longer reported in 2025 (was €1,047)
- Gross operating margin +€38,756
up €38,756 (+1,559%), from €2,486 to €41,242
- Taxes +€7,889
up €7,889 (+1,622%), from €486 to €8,375
- Depreciation +€2,418
up €2,418 (+2,941%), from €82 to €2,500
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 | €20,818 | €52,029 | +€31,211 | +150% |
| Fixed assets | 21/28 | €9,418 | €6,918 | -€2,500 | -26.5% |
| Intangible fixed assets | 21 | €4,967 | €3,967 | -€1,000 | -20.1% |
| Tangible fixed assets | 22/27 | €4,451 | €2,951 | -€1,500 | -33.7% |
| Furniture and vehicles | 24 | €4,451 | €2,951 | -€1,500 | -33.7% |
| Current assets | 29/58 | €11,400 | €45,111 | +€33,711 | +296% |
| Amounts receivable within one year | 40/41 | €6,400 | €8,873 | +€2,473 | +38.6% |
| Trade receivables | 40 | €6,400 | - | -€6,400 | |
| Other amounts receivable | 41 | - | €8,873 | +€8,873 | |
| Cash at bank and in hand | 54/58 | €5,000 | €36,187 | +€31,187 | +624% |
| Deferred charges and accrued income | 490/1 | - | €51 | +€51 | |
| Total equity and liabilities | 10/49 | €20,818 | €52,029 | +€31,211 | +150% |
| Equity | 10/15 | €6,917 | €37,217 | +€30,300 | +438% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,917 | €32,217 | +€30,300 | +1,581% |
| Distributable reserves | 133 | €1,917 | €32,217 | +€30,300 | +1,581% |
| Amounts payable | 17/49 | €13,901 | €14,812 | +€911 | +6.6% |
| Amounts payable within one year | 42/48 | €12,854 | €14,812 | +€1,957 | +15.2% |
| Trade debts | 44 | €12,368 | €1,030 | -€11,338 | -91.7% |
| Suppliers | 440/4 | €12,368 | €1,030 | -€11,338 | -91.7% |
| Taxes, remuneration and social security | 45 | €486 | €13,782 | +€13,295 | +2,733% |
| Taxes | 450/3 | €486 | €13,782 | +€13,295 | +2,733% |
| Accrued charges and deferred income | 492/3 | €1,047 | - | -€1,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82 | €2,500 | +€2,418 | +2,941% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €2,486 | €41,242 | +€38,756 | +1,559% |
| Operating profit (loss) | 9901 | €2,403 | €38,622 | +€36,218 | +1,507% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €2,403 | €38,675 | +€36,272 | +1,509% |
| Income taxes | 67/77 | €486 | €8,375 | +€7,889 | +1,622% |
| Profit (loss) for the period | 9904 | €1,917 | €30,300 | +€28,383 | +1,481% |
| Profit (loss) for the period to be appropriated | 9905 | €1,917 | €30,300 | +€28,383 | +1,481% |
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 30 October 2026 via checked.be.