Bart Van Proeyen: 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.
Bart Van Proeyen
Largest movements
- Receivables within one year -€11,295
down €11,295 (-73.4%), from €15,395 to €4,099
- Tangible fixed assets -€3,504
down €3,504 (-26.5%), from €13,204 to €9,701
of which Furniture and vehicles: -€4,767
- Deferred charges and accrued income +€3,035
new in 2025: €3,035
- Cash -€1,218
down €1,218 (-2.8%), from €43,598 to €42,380
mainly Contributions, distributions and other (-€77,355) and Deferred charges and accrued income (-€3,035)
- Profit (loss) carried forward -€48,171
down €48,171 (-100%), from €48,171 to €0
- Other debts +€29,184
up €29,184, from €0 to €29,184
- Trade debts +€3,811
up €3,811 (+2,805%), from €136 to €3,947
- Tax, wage and social debts +€2,195
up €2,195 (+24.7%), from €8,890 to €11,085
- Gross operating margin +€10,386
up €10,386 (+26.0%), from €39,985 to €50,371
- Taxes +€3,887
up €3,887 (+57.0%), from €6,820 to €10,707
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 | €72,197 | €59,215 | -€12,982 | -18.0% |
| Fixed assets | 21/28 | €13,204 | €9,701 | -€3,504 | -26.5% |
| Tangible fixed assets | 22/27 | €13,204 | €9,701 | -€3,504 | -26.5% |
| Land and buildings | 22 | €1,971 | €3,734 | +€1,763 | +89.4% |
| Plant, machinery and equipment | 23 | €1,332 | €833 | -€500 | -37.5% |
| Furniture and vehicles | 24 | €9,901 | €5,134 | -€4,767 | -48.1% |
| Current assets | 29/58 | €58,993 | €49,515 | -€9,478 | -16.1% |
| Amounts receivable within one year | 40/41 | €15,395 | €4,099 | -€11,295 | -73.4% |
| Other amounts receivable | 41 | €15,395 | €4,099 | -€11,295 | -73.4% |
| Cash at bank and in hand | 54/58 | €43,598 | €42,380 | -€1,218 | -2.8% |
| Deferred charges and accrued income | 490/1 | - | €3,035 | +€3,035 | |
| Total equity and liabilities | 10/49 | €72,197 | €59,215 | -€12,982 | -18.0% |
| Equity | 10/15 | €63,171 | €15,000 | -€48,171 | -76.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,171 | €0 | -€48,171 | -100% |
| Amounts payable | 17/49 | €9,026 | €44,215 | +€35,189 | +390% |
| Amounts payable within one year | 42/48 | €9,026 | €44,215 | +€35,189 | +390% |
| Trade debts | 44 | €136 | €3,947 | +€3,811 | +2,805% |
| Suppliers | 440/4 | €136 | €3,947 | +€3,811 | +2,805% |
| Taxes, remuneration and social security | 45 | €8,890 | €11,085 | +€2,195 | +24.7% |
| Taxes | 450/3 | €8,890 | €11,085 | +€2,195 | +24.7% |
| Other amounts payable | 47/48 | €0 | €29,184 | +€29,184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,225 | €5,557 | +€333 | +6.4% |
| Other operating charges | 640/8 | €1,588 | €1,264 | -€324 | -20.4% |
| Non-recurring operating charges | 66A | €2,350 | €0 | -€2,350 | -100% |
| Gross operating margin | 9900 | €39,985 | €50,371 | +€10,386 | +26.0% |
| Operating profit (loss) | 9901 | €30,823 | €43,550 | +€12,727 | +41.3% |
| Financial income | 75/76B | €152 | €220 | +€69 | +45.1% |
| Recurring financial income | 75 | €152 | €220 | +€69 | +45.1% |
| Financial charges | 65/66B | €3,581 | €3,880 | +€299 | +8.3% |
| Recurring financial charges | 65 | €3,581 | €3,880 | +€299 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €27,394 | €39,891 | +€12,496 | +45.6% |
| Income taxes | 67/77 | €6,820 | €10,707 | +€3,887 | +57.0% |
| Profit (loss) for the period | 9904 | €20,574 | €29,184 | +€8,609 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,574 | €29,184 | +€8,609 | +41.8% |
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 18 October 2026 via checked.be.