Cécile Van Huffel: 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.
Cécile Van Huffel
Largest movements
- Cash +€124,555
up €124,555 (+42.6%), from €292,424 to €416,979
mainly Other debts (+€326,006) and Net result for the year (+€121,334)
- Tangible fixed assets -€13,570
down €13,570 (-19.6%), from €69,160 to €55,590
of which Furniture and vehicles: -€13,399
- Other debts +€326,006
up €326,006 (+1,149%), from €28,367 to €354,373
- Profit (loss) carried forward -€256,883
no longer reported in 2025 (was €256,883)
- Tax, wage and social debts +€25,765
up €25,765 (+45.7%), from €56,343 to €82,107
- Current portion of long-term debt +€15,206
new in 2025: €15,206
- Depreciation +€12,483
up €12,483 (+606%), from €2,060 to €14,543
- Gross operating margin +€8,066
up €8,066 (+4.8%), from €166,644 to €174,710
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 | €363,505 | €474,646 | +€111,142 | +30.6% |
| Fixed assets | 21/28 | €69,160 | €55,590 | -€13,570 | -19.6% |
| Tangible fixed assets | 22/27 | €69,160 | €55,590 | -€13,570 | -19.6% |
| Plant, machinery and equipment | 23 | €1,227 | €1,055 | -€172 | -14.0% |
| Furniture and vehicles | 24 | €67,934 | €54,535 | -€13,399 | -19.7% |
| Current assets | 29/58 | €294,344 | €419,056 | +€124,712 | +42.4% |
| Amounts receivable within one year | 40/41 | €408 | €344 | -€64 | -15.7% |
| Trade receivables | 40 | €408 | €174 | -€234 | -57.3% |
| Other amounts receivable | 41 | - | €170 | +€170 | |
| Cash at bank and in hand | 54/58 | €292,424 | €416,979 | +€124,555 | +42.6% |
| Deferred charges and accrued income | 490/1 | €1,513 | €1,733 | +€221 | +14.6% |
| Total equity and liabilities | 10/49 | €363,505 | €474,646 | +€111,142 | +30.6% |
| Equity | 10/15 | €271,883 | €15,000 | -€256,883 | -94.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,883 | - | -€256,883 | |
| Amounts payable | 17/49 | €91,622 | €459,646 | +€368,025 | +402% |
| Amounts payable after more than one year | 17 | - | €1,290 | +€1,290 | |
| Financial debts | 170/4 | - | €1,290 | +€1,290 | |
| Amounts payable within one year | 42/48 | €89,831 | €453,942 | +€364,111 | +405% |
| Current portion of amounts payable after more than one year | 42 | - | €15,206 | +€15,206 | |
| Trade debts | 44 | €5,122 | €2,256 | -€2,866 | -56.0% |
| Suppliers | 440/4 | €5,122 | €2,256 | -€2,866 | -56.0% |
| Taxes, remuneration and social security | 45 | €56,343 | €82,107 | +€25,765 | +45.7% |
| Taxes | 450/3 | €56,343 | €82,107 | +€25,765 | +45.7% |
| Other amounts payable | 47/48 | €28,367 | €354,373 | +€326,006 | +1,149% |
| Accrued charges and deferred income | 492/3 | €1,791 | €4,415 | +€2,624 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €14,543 | +€12,483 | +606% |
| Other operating charges | 640/8 | €309 | €451 | +€142 | +45.8% |
| Gross operating margin | 9900 | €166,644 | €174,710 | +€8,066 | +4.8% |
| Operating profit (loss) | 9901 | €164,275 | €159,716 | -€4,559 | -2.8% |
| Financial income | 75/76B | €51 | €90 | +€39 | +76.7% |
| Recurring financial income | 75 | €51 | €90 | +€39 | +76.7% |
| Financial charges | 65/66B | €2,070 | €3,610 | +€1,540 | +74.4% |
| Recurring financial charges | 65 | €2,070 | €3,610 | +€1,540 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €162,256 | €156,197 | -€6,060 | -3.7% |
| Income taxes | 67/77 | €35,114 | €34,863 | -€251 | -0.7% |
| Profit (loss) for the period | 9904 | €127,142 | €121,334 | -€5,808 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,142 | €121,334 | -€5,808 | -4.6% |
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.