CEDRIC VAN HECKE: 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.
CEDRIC VAN HECKE
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€61,482
down €61,482 (-86.1%), from €71,392 to €9,910
mainly Current investments (-€70,000) and Deferred charges and accrued income (-€1,319)
- Deferred charges and accrued income +€1,319
up €1,319 (+76.0%), from €1,736 to €3,055
- Other debts +€6,397
up €6,397 (+22.7%), from €28,132 to €34,529
- Reserves +€3,400
up €3,400 (+41.3%), from €8,240 to €11,640
- Gross operating margin -€991
down €991 (-10.5%), from €9,407 to €8,416
- Taxes +€328
up €328 (+179%), from €183 to €511
- Financial charges -€233
down €233 (-5.7%), from €4,063 to €3,830
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 | €79,500 | €89,542 | +€10,041 | +12.6% |
| Current assets | 29/58 | €79,500 | €89,542 | +€10,041 | +12.6% |
| Amounts receivable within one year | 40/41 | €6,373 | €6,577 | +€204 | +3.2% |
| Trade receivables | 40 | €5,983 | €6,187 | +€204 | +3.4% |
| Other amounts receivable | 41 | €390 | €390 | = | 0.0% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €71,392 | €9,910 | -€61,482 | -86.1% |
| Deferred charges and accrued income | 490/1 | €1,736 | €3,055 | +€1,319 | +76.0% |
| Total equity and liabilities | 10/49 | €79,500 | €89,542 | +€10,041 | +12.6% |
| Equity | 10/15 | €46,577 | €50,028 | +€3,451 | +7.4% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €8,240 | €11,640 | +€3,400 | +41.3% |
| Distributable reserves | 133 | €8,240 | €11,640 | +€3,400 | +41.3% |
| Profit (loss) carried forward | 14 | €337 | €388 | +€51 | +15.2% |
| Amounts payable | 17/49 | €32,924 | €39,514 | +€6,590 | +20.0% |
| Amounts payable within one year | 42/48 | €30,531 | €37,311 | +€6,780 | +22.2% |
| Trade debts | 44 | €1,487 | €1,706 | +€218 | +14.7% |
| Suppliers | 440/4 | €1,487 | €1,706 | +€218 | +14.7% |
| Taxes, remuneration and social security | 45 | €912 | €1,076 | +€164 | +18.0% |
| Taxes | 450/3 | €912 | €1,076 | +€164 | +18.0% |
| Other amounts payable | 47/48 | €28,132 | €34,529 | +€6,397 | +22.7% |
| Accrued charges and deferred income | 492/3 | €2,393 | €2,203 | -€190 | -7.9% |
| Other operating charges | 640/8 | €1,487 | €1,545 | +€58 | +3.9% |
| Gross operating margin | 9900 | €9,407 | €8,416 | -€991 | -10.5% |
| Operating profit (loss) | 9901 | €7,920 | €6,871 | -€1,049 | -13.2% |
| Financial income | 75/76B | €911 | €921 | +€10 | +1.1% |
| Recurring financial income | 75 | €911 | €921 | +€10 | +1.1% |
| Financial charges | 65/66B | €4,063 | €3,830 | -€233 | -5.7% |
| Recurring financial charges | 65 | €4,063 | €3,830 | -€233 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €4,769 | €3,962 | -€806 | -16.9% |
| Income taxes | 67/77 | €183 | €511 | +€328 | +179% |
| Profit (loss) for the period | 9904 | €4,585 | €3,451 | -€1,134 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,585 | €3,451 | -€1,134 | -24.7% |
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 29 October 2026 via checked.be.