BRUNO VANHAELEN: what changed
BRUNO VANHAELEN
Largest movements
- Cash +€98,326
up €98,326 (+129%), from €76,439 to €174,765
- Intangible fixed assets -€18,000
down €18,000 (-49.9%), from €36,045 to €18,045
- Tangible fixed assets -€6,236
down €6,236 (-42.2%), from €14,773 to €8,537
of which Plant, machinery and equipment: -€5,692
- Profit (loss) carried forward +€64,775
up €64,775, from -€33,157 to €31,618
- Tax, wage and social debts +€16,045
up €16,045 (+324%), from €4,955 to €21,001
of which Taxes: +€19,487
- Debts after one year -€5,272
down €5,272 (-11.6%), from €45,272 to €40,000
- Trade debts -€3,921
down €3,921 (-95.1%), from €4,123 to €202
- Other debts +€3,830
up €3,830 (+11.3%), from €33,876 to €37,706
- Gross operating margin +€40,315
up €40,315 (+81.6%), from €49,424 to €89,739
- Staff costs -€17,478
down €17,478 (-68.4%), from €25,537 to €8,059
- Taxes +€16,806
new in 2025: €16,806
- Financial income +€2,003
new in 2025: €2,003
- Financial charges -€1,173
down €1,173 (-74.6%), from €1,573 to €400
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,094 | €201,347 | +€72,253 | +56.0% |
| Fixed assets | 21/28 | €50,818 | €26,582 | -€24,236 | -47.7% |
| Intangible fixed assets | 21 | €36,045 | €18,045 | -€18,000 | -49.9% |
| Tangible fixed assets | 22/27 | €14,773 | €8,537 | -€6,236 | -42.2% |
| Plant, machinery and equipment | 23 | €14,230 | €8,537 | -€5,692 | -40.0% |
| Furniture and vehicles | 24 | €544 | - | -€544 | |
| Current assets | 29/58 | €78,276 | €174,765 | +€96,489 | +123% |
| Cash at bank and in hand | 54/58 | €76,439 | €174,765 | +€98,326 | +129% |
| Deferred charges and accrued income | 490/1 | €1,837 | - | -€1,837 | |
| Total equity and liabilities | 10/49 | €129,094 | €201,347 | +€72,253 | +56.0% |
| Equity | 10/15 | €35,893 | €100,668 | +€64,775 | +180% |
| Contributions | 10/11 | €68,550 | €68,550 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,157 | €31,618 | +€64,775 | |
| Amounts payable | 17/49 | €93,201 | €100,679 | +€7,479 | +8.0% |
| Amounts payable after more than one year | 17 | €45,272 | €40,000 | -€5,272 | -11.6% |
| Financial debts | 170/4 | €45,272 | €40,000 | -€5,272 | -11.6% |
| Amounts payable within one year | 42/48 | €46,403 | €60,679 | +€14,277 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €3,448 | €1,771 | -€1,678 | -48.6% |
| Trade debts | 44 | €4,123 | €202 | -€3,921 | -95.1% |
| Suppliers | 440/4 | €4,123 | €202 | -€3,921 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,955 | €21,001 | +€16,045 | +324% |
| Taxes | 450/3 | - | €19,487 | +€19,487 | |
| Remuneration and social security | 454/9 | €4,955 | €1,514 | -€3,441 | -69.4% |
| Other amounts payable | 47/48 | €33,876 | €37,706 | +€3,830 | +11.3% |
| Accrued charges and deferred income | 492/3 | €1,526 | - | -€1,526 | |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €25,537 | €8,059 | -€17,478 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,847 | €11,973 | -€873 | -6.8% |
| Other operating charges | 640/8 | €719 | €451 | -€268 | -37.2% |
| Gross operating margin | 9900 | €49,424 | €89,739 | +€40,315 | +81.6% |
| Operating profit (loss) | 9901 | €10,321 | €69,255 | +€58,934 | +571% |
| Financial income | 75/76B | - | €2,003 | +€2,003 | |
| Recurring financial income | 75 | - | €2,003 | +€2,003 | |
| Financial charges | 65/66B | €1,573 | €400 | -€1,173 | -74.6% |
| Recurring financial charges | 65 | €1,573 | €400 | -€1,173 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | €8,748 | €70,858 | +€62,110 | +710% |
| Income taxes | 67/77 | - | €16,806 | +€16,806 | |
| Profit (loss) for the period | 9904 | €8,748 | €54,052 | +€45,303 | +518% |
| Profit (loss) for the period to be appropriated | 9905 | €8,748 | €54,052 | +€45,303 | +518% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.