Brecht Van Dam: 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.
Brecht Van Dam
Largest movements
- Cash +€26,001
up €26,001 (+103.4%), from €25,137 to €51,138
mainly Net result for the year (+€29,727) and Receivables within one year (+€12,860)
- Receivables within one year -€12,860
down €12,860 (-46.8%), from €27,462 to €14,603
of which Other amounts receivable: -€21,300
- Stocks and contracts -€6,538
down €6,538 (-38.3%), from €17,058 to €10,520
- Tangible fixed assets -€4,451
down €4,451 (-31.3%), from €14,205 to €9,753
of which Furniture and vehicles: -€2,879
- Short-term financial debts -€12,333
down €12,333 (-74.3%), from €16,598 to €4,265
- Profit (loss) carried forward +€9,727
up €9,727, from €0 to €9,727
- Other debts +€4,973
up €4,973 (+33.1%), from €15,027 to €20,000
- Tax, wage and social debts +€4,743
up €4,743 (+18.7%), from €25,347 to €30,090
of which Taxes: +€4,069
- Trade debts -€3,643
down €3,643 (-90.5%), from €4,023 to €381
- Gross operating margin +€18,243
up €18,243 (+17.6%), from €103,589 to €121,832
- Staff costs -€7,114
down €7,114 (-9.1%), from €77,879 to €70,766
- Taxes +€7,008
up €7,008 (+130.2%), from €5,384 to €12,392
- Other operating charges +€2,433
up €2,433 (+19100.4%), from €13 to €2,446
- Financial charges +€1,355
up €1,355 (+92.7%), from €1,461 to €2,815
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 | €87,049 | €90,102 | +€3,053 | +3.5% |
| Fixed assets | 21/28 | €16,505 | €12,053 | -€4,451 | -27.0% |
| Tangible fixed assets | 22/27 | €14,205 | €9,753 | -€4,451 | -31.3% |
| Furniture and vehicles | 24 | €9,131 | €6,252 | -€2,879 | -31.5% |
| Other tangible fixed assets | 26 | €5,074 | €3,501 | -€1,572 | -31.0% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €70,544 | €78,048 | +€7,504 | +10.6% |
| Stocks and contracts in progress | 3 | €17,058 | €10,520 | -€6,538 | -38.3% |
| Stocks | 30/36 | €17,058 | €10,520 | -€6,538 | -38.3% |
| Amounts receivable within one year | 40/41 | €27,462 | €14,603 | -€12,860 | -46.8% |
| Trade receivables | 40 | €0 | €8,440 | +€8,440 | |
| Other amounts receivable | 41 | €27,462 | €6,162 | -€21,300 | -77.6% |
| Cash at bank and in hand | 54/58 | €25,137 | €51,138 | +€26,001 | +103.4% |
| Deferred charges and accrued income | 490/1 | €887 | €1,788 | +€901 | +101.6% |
| Total equity and liabilities | 10/49 | €87,049 | €90,102 | +€3,053 | +3.5% |
| Equity | 10/15 | €20,657 | €30,384 | +€9,727 | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,057 | €2,057 | = | 0.0% |
| Distributable reserves | 133 | €2,057 | €2,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €9,727 | +€9,727 | |
| Amounts payable | 17/49 | €66,392 | €59,718 | -€6,674 | -10.1% |
| Amounts payable after more than one year | 17 | €2,609 | €0 | -€2,609 | -100.0% |
| Financial debts | 170/4 | €2,609 | €0 | -€2,609 | -100.0% |
| Amounts payable within one year | 42/48 | €63,780 | €57,345 | -€6,435 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €2,784 | €2,609 | -€176 | -6.3% |
| Financial debts | 43 | €16,598 | €4,265 | -€12,333 | -74.3% |
| Credit institutions | 430/8 | €16,598 | €4,265 | -€12,333 | -74.3% |
| Trade debts | 44 | €4,023 | €381 | -€3,643 | -90.5% |
| Suppliers | 440/4 | €4,023 | €381 | -€3,643 | -90.5% |
| Taxes, remuneration and social security | 45 | €25,347 | €30,090 | +€4,743 | +18.7% |
| Taxes | 450/3 | €16,374 | €20,443 | +€4,069 | +24.9% |
| Remuneration and social security | 454/9 | €8,973 | €9,647 | +€674 | +7.5% |
| Other amounts payable | 47/48 | €15,027 | €20,000 | +€4,973 | +33.1% |
| Accrued charges and deferred income | 492/3 | €4 | €2,373 | +€2,369 | +61540.3% |
| Remuneration, social security and pensions | 62 | €77,879 | €70,766 | -€7,114 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,829 | €4,451 | -€377 | -7.8% |
| Other operating charges | 640/8 | €13 | €2,446 | +€2,433 | +19100.4% |
| Gross operating margin | 9900 | €103,589 | €121,832 | +€18,243 | +17.6% |
| Operating profit (loss) | 9901 | €20,868 | €44,169 | +€23,301 | +111.7% |
| Financial income | 75/76B | €1,003 | €765 | -€238 | -23.7% |
| Recurring financial income | 75 | €1,003 | €765 | -€238 | -23.7% |
| Financial charges | 65/66B | €1,461 | €2,815 | +€1,355 | +92.7% |
| Recurring financial charges | 65 | €1,461 | €2,815 | +€1,355 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €20,411 | €42,119 | +€21,708 | +106.4% |
| Income taxes | 67/77 | €5,384 | €12,392 | +€7,008 | +130.2% |
| Profit (loss) for the period | 9904 | €15,027 | €29,727 | +€14,700 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,027 | €29,727 | +€14,700 | +97.8% |
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 11 October 2026 via checked.be.