DANIELLE SANGLIER: what changed
Two fiscal 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.
DANIELLE SANGLIER
Largest movements
- Cash +€24,871
up €24,871 (+18.4%), from €135,039 to €159,910
mainly Depreciation (+€19,205) and Net result for the year (+€2,495)
- Tangible fixed assets -€19,205
down €19,205 (-21.5%), from €89,268 to €70,063
- Deferred charges and accrued income -€2,461
no longer reported in 2025 (was €2,461)
- Profit (loss) carried forward +€2,495
up €2,495 (+5.6%), from €44,572 to €47,067
- Gross operating margin +€3,727
up €3,727 (+16.1%), from €23,153 to €26,880
- Taxes +€858
new in 2025: €858
- Financial income +€695
up €695 (+444.4%), from €156 to €852
of which Financial income: +€553
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.
Cash bridge derived
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 | €226,814 | €230,019 | +€3,205 | +1.4% |
| Fixed assets | 21/28 | €89,268 | €70,063 | -€19,205 | -21.5% |
| Tangible fixed assets | 22/27 | €89,268 | €70,063 | -€19,205 | -21.5% |
| Land and buildings | 22 | €89,268 | €70,063 | -€19,205 | -21.5% |
| Current assets | 29/58 | €137,546 | €159,957 | +€22,411 | +16.3% |
| Amounts receivable within one year | 40/41 | €47 | €47 | = | 0.0% |
| Other amounts receivable | 41 | €47 | €47 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,039 | €159,910 | +€24,871 | +18.4% |
| Deferred charges and accrued income | 490/1 | €2,461 | - | -€2,461 | |
| Total equity and liabilities | 10/49 | €226,814 | €230,019 | +€3,205 | +1.4% |
| Equity | 10/15 | €222,154 | €224,649 | +€2,495 | +1.1% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €2,582 | €2,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,582 | €2,582 | = | 0.0% |
| Legal reserve | 130 | €2,582 | €2,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,572 | €47,067 | +€2,495 | +5.6% |
| Amounts payable | 17/49 | €4,660 | €5,370 | +€710 | +15.2% |
| Amounts payable within one year | 42/48 | €4,660 | €5,370 | +€710 | +15.2% |
| Trade debts | 44 | €143 | - | -€143 | |
| Suppliers | 440/4 | €143 | - | -€143 | |
| Taxes, remuneration and social security | 45 | - | €645 | +€645 | |
| Taxes | 450/3 | - | €645 | +€645 | |
| Other amounts payable | 47/48 | €4,517 | €4,725 | +€207 | +4.6% |
| Non-recurring operating income | 76A | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,205 | €19,205 | = | 0.0% |
| Other operating charges | 640/8 | €5,167 | €5,149 | -€18 | -0.4% |
| Gross operating margin | 9900 | €23,153 | €26,880 | +€3,727 | +16.1% |
| Operating profit (loss) | 9901 | -€1,220 | €2,526 | +€3,745 | |
| Financial income | 75/76B | €156 | €852 | +€695 | +444.4% |
| Recurring financial income | 75 | €156 | €709 | +€553 | +353.2% |
| Non-recurring financial income | 76B | - | €143 | +€143 | |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,087 | €3,353 | +€4,441 | |
| Income taxes | 67/77 | - | €858 | +€858 | |
| Profit (loss) for the period | 9904 | -€1,087 | €2,495 | +€3,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,087 | €2,495 | +€3,583 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.