Barbara Feys: 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.
Barbara Feys
Largest movements
- Cash +€61,289
up €61,289 (+56.6%), from €108,369 to €169,658
mainly Net result for the year (+€51,164) and Tax, wage and social debts (+€17,085)
- Deferred charges and accrued income +€8,039
up €8,039 (+525%), from €1,531 to €9,571
- Reserves +€51,164
up €51,164 (+80.3%), from €63,678 to €114,842
- Tax, wage and social debts +€17,085
up €17,085 (+55.5%), from €30,809 to €47,894
of which Taxes: +€11,585
- Gross operating margin -€3,071
down €3,071 (-4.4%), from €69,703 to €66,632
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 | €110,553 | €179,545 | +€68,991 | +62.4% |
| Fixed assets | 21/28 | €653 | €316 | -€337 | -51.6% |
| Tangible fixed assets | 22/27 | €653 | €316 | -€337 | -51.6% |
| Furniture and vehicles | 24 | €653 | €316 | -€337 | -51.6% |
| Current assets | 29/58 | €109,901 | €179,229 | +€69,328 | +63.1% |
| Cash at bank and in hand | 54/58 | €108,369 | €169,658 | +€61,289 | +56.6% |
| Deferred charges and accrued income | 490/1 | €1,531 | €9,571 | +€8,039 | +525% |
| Total equity and liabilities | 10/49 | €110,553 | €179,545 | +€68,991 | +62.4% |
| Equity | 10/15 | €78,678 | €129,842 | +€51,164 | +65.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €63,678 | €114,842 | +€51,164 | +80.3% |
| Distributable reserves | 133 | €63,678 | €114,842 | +€51,164 | +80.3% |
| Amounts payable | 17/49 | €31,876 | €49,703 | +€17,827 | +55.9% |
| Amounts payable within one year | 42/48 | €31,876 | €49,703 | +€17,827 | +55.9% |
| Trade debts | 44 | €1,067 | €1,809 | +€742 | +69.6% |
| Suppliers | 440/4 | €1,067 | €1,809 | +€742 | +69.6% |
| Taxes, remuneration and social security | 45 | €30,809 | €47,894 | +€17,085 | +55.5% |
| Taxes | 450/3 | €30,809 | €42,394 | +€11,585 | +37.6% |
| Remuneration and social security | 454/9 | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €337 | = | 0.0% |
| Other operating charges | 640/8 | €456 | €757 | +€300 | +65.8% |
| Gross operating margin | 9900 | €69,703 | €66,632 | -€3,071 | -4.4% |
| Operating profit (loss) | 9901 | €68,910 | €65,538 | -€3,371 | -4.9% |
| Financial charges | 65/66B | €1,101 | €674 | -€426 | -38.7% |
| Recurring financial charges | 65 | €1,101 | €674 | -€426 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €67,809 | €64,864 | -€2,945 | -4.3% |
| Income taxes | 67/77 | €13,877 | €13,700 | -€177 | -1.3% |
| Profit (loss) for the period | 9904 | €53,932 | €51,164 | -€2,768 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,932 | €51,164 | -€2,768 | -5.1% |
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 20 October 2026 via checked.be.