CHRISTEL VANDENBERGHE: 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.
CHRISTEL VANDENBERGHE
Largest movements
- Cash -€29,776
down €29,776 (-68.4%), from €43,560 to €13,785
mainly Receivables within one year (-€28,586) and Net result for the year (-€4,960)
- Receivables within one year +€28,586
up €28,586 (+203%), from €14,059 to €42,644
of which Other amounts receivable: +€24,059
- Deferred charges and accrued income -€6,086
down €6,086 (-57.8%), from €10,523 to €4,437
- Profit (loss) carried forward -€4,960
new in 2025: -€4,960
- Other debts -€1,519
no longer reported in 2025 (was €1,519)
- Tax, wage and social debts -€1,036
no longer reported in 2025 (was €1,036)
- Gross operating margin -€22,843
down €22,843, from €18,391 to -€4,452
- Taxes -€6,672
down €6,672 (-95.5%), from €6,988 to €316
- Financial charges -€850
down €850 (-94.9%), from €896 to €46
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 | €84,110 | €76,834 | -€7,276 | -8.7% |
| Current assets | 29/58 | €84,110 | €76,834 | -€7,276 | -8.7% |
| Amounts receivable after more than one year | 29 | €15,968 | €15,968 | = | 0.0% |
| Other amounts receivable | 291 | €15,968 | €15,968 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,059 | €42,644 | +€28,586 | +203% |
| Trade receivables | 40 | €10,010 | €14,537 | +€4,527 | +45.2% |
| Other amounts receivable | 41 | €4,048 | €28,107 | +€24,059 | +594% |
| Cash at bank and in hand | 54/58 | €43,560 | €13,785 | -€29,776 | -68.4% |
| Deferred charges and accrued income | 490/1 | €10,523 | €4,437 | -€6,086 | -57.8% |
| Total equity and liabilities | 10/49 | €84,110 | €76,834 | -€7,276 | -8.7% |
| Equity | 10/15 | €79,768 | €74,808 | -€4,960 | -6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,368 | €67,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,508 | €65,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,960 | -€4,960 | |
| Amounts payable | 17/49 | €4,342 | €2,026 | -€2,316 | -53.3% |
| Amounts payable within one year | 42/48 | €3,992 | €1,676 | -€2,316 | -58.0% |
| Trade debts | 44 | €1,438 | €1,676 | +€239 | +16.6% |
| Suppliers | 440/4 | €1,438 | €1,676 | +€239 | +16.6% |
| Taxes, remuneration and social security | 45 | €1,036 | - | -€1,036 | |
| Taxes | 450/3 | €1,036 | - | -€1,036 | |
| Other amounts payable | 47/48 | €1,519 | - | -€1,519 | |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Other operating charges | 640/8 | €147 | €147 | = | 0.0% |
| Gross operating margin | 9900 | €18,391 | -€4,452 | -€22,843 | |
| Operating profit (loss) | 9901 | €18,244 | -€4,599 | -€22,843 | |
| Financial charges | 65/66B | €896 | €46 | -€850 | -94.9% |
| Recurring financial charges | 65 | €896 | €46 | -€850 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €17,349 | -€4,644 | -€21,993 | |
| Income taxes | 67/77 | €6,988 | €316 | -€6,672 | -95.5% |
| Profit (loss) for the period | 9904 | €10,361 | -€4,960 | -€15,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,361 | -€4,960 | -€15,320 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.