D. van Veldhoven: 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.
D. van Veldhoven
Largest movements
- Cash +€1,736
up €1,736 (+38.7%), from €4,485 to €6,221
mainly Net result for the year (+€1,820) and Trade debts (+€908)
- Deferred charges and accrued income +€646
new in 2025: €646
- Tangible fixed assets +€607
new in 2025: €607
- Receivables within one year +€172
new in 2025: €172
- Profit (loss) carried forward +€1,820
up €1,820 (+119%), from €1,534 to €3,355
- Trade debts +€908
new in 2025: €908
- Tax, wage and social debts +€433
up €433 (+45.5%), from €950 to €1,383
- Gross operating margin +€816
up €816 (+36.8%), from €2,217 to €3,034
- Other operating charges +€337
up €337 (+337%), from €100 to €437
- Taxes +€90
up €90 (+16.5%), from €545 to €635
- Depreciation +€86
new in 2025: €86
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 | €4,485 | €7,646 | +€3,161 | +70.5% |
| Fixed assets | 21/28 | - | €607 | +€607 | |
| Tangible fixed assets | 22/27 | - | €607 | +€607 | |
| Furniture and vehicles | 24 | - | €607 | +€607 | |
| Current assets | 29/58 | €4,485 | €7,039 | +€2,554 | +56.9% |
| Amounts receivable within one year | 40/41 | - | €172 | +€172 | |
| Other amounts receivable | 41 | - | €172 | +€172 | |
| Cash at bank and in hand | 54/58 | €4,485 | €6,221 | +€1,736 | +38.7% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €4,485 | €7,646 | +€3,161 | +70.5% |
| Equity | 10/15 | €3,534 | €5,355 | +€1,820 | +51.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,534 | €3,355 | +€1,820 | +119% |
| Amounts payable | 17/49 | €950 | €2,291 | +€1,341 | +141% |
| Amounts payable within one year | 42/48 | €950 | €2,291 | +€1,341 | +141% |
| Trade debts | 44 | - | €908 | +€908 | |
| Suppliers | 440/4 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €950 | €1,383 | +€433 | +45.5% |
| Taxes | 450/3 | €950 | €1,383 | +€433 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €86 | +€86 | |
| Other operating charges | 640/8 | €100 | €437 | +€337 | +337% |
| Gross operating margin | 9900 | €2,217 | €3,034 | +€816 | +36.8% |
| Operating profit (loss) | 9901 | €2,117 | €2,511 | +€393 | +18.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €39 | €55 | +€17 | +43.0% |
| Recurring financial charges | 65 | €39 | €55 | +€17 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €2,080 | €2,455 | +€376 | +18.1% |
| Income taxes | 67/77 | €545 | €635 | +€90 | +16.5% |
| Profit (loss) for the period | 9904 | €1,534 | €1,820 | +€286 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,534 | €1,820 | +€286 | +18.6% |
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 29 October 2026 via checked.be.