ASTRID VANHOUTTE: what changed
Two fiscal 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.
ASTRID VANHOUTTE
Largest movements
- Cash +€30,497
up €30,497 (+18.5%), from €164,671 to €195,168
mainly Net result for the year (+€33,154) and Depreciation (+€4,060)
- Tangible fixed assets -€4,060
down €4,060 (-46.1%), from €8,816 to €4,756
- Reserves +€25,386
up €25,386 (+16.2%), from €156,747 to €182,133
of which Distributable reserves: +€25,386
- Gross operating margin -€26,045
down €26,045 (-34.0%), from €76,563 to €50,518
- Taxes -€5,974
down €5,974 (-31.9%), from €18,723 to €12,749
- Financial charges -€5,153
down €5,153 (-79.5%), from €6,485 to €1,332
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 | €181,645 | €208,331 | +€26,686 | +14.7% |
| Fixed assets | 21/28 | €8,816 | €4,756 | -€4,060 | -46.1% |
| Tangible fixed assets | 22/27 | €8,816 | €4,756 | -€4,060 | -46.1% |
| Furniture and vehicles | 24 | €8,816 | €4,756 | -€4,060 | -46.1% |
| Current assets | 29/58 | €172,829 | €203,575 | +€30,746 | +17.8% |
| Amounts receivable within one year | 40/41 | €6,354 | €6,094 | -€260 | -4.1% |
| Other amounts receivable | 41 | €6,354 | €6,094 | -€260 | -4.1% |
| Cash at bank and in hand | 54/58 | €164,671 | €195,168 | +€30,497 | +18.5% |
| Deferred charges and accrued income | 490/1 | €1,804 | €2,313 | +€509 | +28.2% |
| Total equity and liabilities | 10/49 | €181,645 | €208,331 | +€26,686 | +14.7% |
| Equity | 10/15 | €175,347 | €200,733 | +€25,386 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,747 | €182,133 | +€25,386 | +16.2% |
| Tax-exempt reserves | 132 | €330 | €330 | = | 0.0% |
| Distributable reserves | 133 | €156,417 | €181,803 | +€25,386 | +16.2% |
| Amounts payable | 17/49 | €6,298 | €7,598 | +€1,300 | +20.6% |
| Amounts payable within one year | 42/48 | €6,298 | €7,598 | +€1,300 | +20.6% |
| Trade debts | 44 | - | €1,461 | +€1,461 | |
| Suppliers | 440/4 | - | €1,461 | +€1,461 | |
| Taxes, remuneration and social security | 45 | €4,014 | €4,500 | +€486 | +12.1% |
| Taxes | 450/3 | €1,514 | - | -€1,514 | |
| Remuneration and social security | 454/9 | €2,500 | €4,500 | +€2,000 | +80.0% |
| Other amounts payable | 47/48 | €2,284 | €1,637 | -€647 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,770 | €4,060 | +€290 | +7.7% |
| Gross operating margin | 9900 | €76,563 | €50,518 | -€26,045 | -34.0% |
| Operating profit (loss) | 9901 | €72,793 | €46,458 | -€26,335 | -36.2% |
| Financial income | 75/76B | €448 | €777 | +€329 | +73.4% |
| Recurring financial income | 75 | €448 | €777 | +€329 | +73.4% |
| Financial charges | 65/66B | €6,485 | €1,332 | -€5,153 | -79.5% |
| Recurring financial charges | 65 | €6,485 | €1,332 | -€5,153 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €66,756 | €45,903 | -€20,853 | -31.2% |
| Income taxes | 67/77 | €18,723 | €12,749 | -€5,974 | -31.9% |
| Profit (loss) for the period | 9904 | €48,033 | €33,154 | -€14,879 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,033 | €33,154 | -€14,879 | -31.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.