Betsy Verriest: 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.
Betsy Verriest
Largest movements
- Cash +€84,899
up €84,899 (+258%), from €32,956 to €117,855
mainly Net result for the year (+€67,234) and Tax, wage and social debts (+€30,407)
- Receivables within one year +€10,194
up €10,194 (+19,104%), from €53 to €10,247
- Profit (loss) carried forward +€66,401
up €66,401 (+461%), from €14,403 to €80,804
- Tax, wage and social debts +€30,407
up €30,407 (+209%), from €14,522 to €44,928
- Trade debts -€2,682
down €2,682 (-56.4%), from €4,757 to €2,074
- Gross operating margin +€66,266
up €66,266 (+321%), from €20,615 to €86,881
- Taxes +€13,148
up €13,148 (+323%), from €4,069 to €17,217
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 | €37,753 | €131,640 | +€93,887 | +249% |
| Fixed assets | 21/28 | €2,424 | €1,924 | -€500 | -20.6% |
| Tangible fixed assets | 22/27 | €2,424 | €1,924 | -€500 | -20.6% |
| Other tangible fixed assets | 26 | €2,424 | €1,924 | -€500 | -20.6% |
| Current assets | 29/58 | €35,330 | €129,716 | +€94,387 | +267% |
| Amounts receivable within one year | 40/41 | €53 | €10,247 | +€10,194 | +19,104% |
| Other amounts receivable | 41 | €53 | €10,247 | +€10,194 | +19,104% |
| Cash at bank and in hand | 54/58 | €32,956 | €117,855 | +€84,899 | +258% |
| Deferred charges and accrued income | 490/1 | €2,320 | €1,614 | -€706 | -30.4% |
| Total equity and liabilities | 10/49 | €37,753 | €131,640 | +€93,887 | +249% |
| Equity | 10/15 | €17,403 | €83,804 | +€66,401 | +382% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,403 | €80,804 | +€66,401 | +461% |
| Amounts payable | 17/49 | €20,350 | €47,836 | +€27,486 | +135% |
| Amounts payable within one year | 42/48 | €20,350 | €47,836 | +€27,486 | +135% |
| Trade debts | 44 | €4,757 | €2,074 | -€2,682 | -56.4% |
| Suppliers | 440/4 | €4,757 | €2,074 | -€2,682 | -56.4% |
| Taxes, remuneration and social security | 45 | €14,522 | €44,928 | +€30,407 | +209% |
| Taxes | 450/3 | €14,522 | €44,928 | +€30,407 | +209% |
| Other amounts payable | 47/48 | €1,071 | €833 | -€238 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €500 | +€424 | +554% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €85 | €37 | -€48 | -56.5% |
| Gross operating margin | 9900 | €20,615 | €86,881 | +€66,266 | +321% |
| Operating profit (loss) | 9901 | €20,066 | €85,944 | +€65,878 | +328% |
| Financial charges | 65/66B | €735 | €1,494 | +€759 | +103% |
| Recurring financial charges | 65 | €735 | €1,494 | +€759 | +103% |
| Profit (loss) for the period before taxes | 9903 | €19,332 | €84,451 | +€65,119 | +337% |
| Income taxes | 67/77 | €4,069 | €17,217 | +€13,148 | +323% |
| Profit (loss) for the period | 9904 | €15,262 | €67,234 | +€51,971 | +341% |
| Profit (loss) for the period to be appropriated | 9905 | €15,262 | €67,234 | +€51,971 | +341% |
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.