DANNY VIERENDEELS: 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.
DANNY VIERENDEELS
Largest movements
- Current investments +€65,000
up €65,000 (+65.0%), from €100,000 to €165,000
- Cash -€14,408
down €14,408 (-76.4%), from €18,850 to €4,442
mainly Contributions, distributions and other (-€152,594) and Current investments (-€65,000)
- Tangible fixed assets -€14,024
down €14,024 (-28.0%), from €50,037 to €36,013
- Receivables within one year +€2,863
up €2,863 (+17.5%), from €16,342 to €19,205
of which Other amounts receivable: +€2,863
- Other debts +€129,705
new in 2025: €129,705
- Profit (loss) carried forward -€89,734
down €89,734 (-58.8%), from €152,594 to €62,860
- Gross operating margin +€21,613
up €21,613 (+29.4%), from €73,503 to €95,116
- Taxes +€4,417
up €4,417 (+33.2%), from €13,322 to €17,739
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 | €188,660 | €227,108 | +€38,447 | +20.4% |
| Fixed assets | 21/28 | €50,037 | €36,013 | -€14,024 | -28.0% |
| Tangible fixed assets | 22/27 | €50,037 | €36,013 | -€14,024 | -28.0% |
| Furniture and vehicles | 24 | €50,037 | €36,013 | -€14,024 | -28.0% |
| Current assets | 29/58 | €138,623 | €191,094 | +€52,471 | +37.9% |
| Amounts receivable within one year | 40/41 | €16,342 | €19,205 | +€2,863 | +17.5% |
| Trade receivables | 40 | €16,335 | €16,335 | = | 0.0% |
| Other amounts receivable | 41 | €7 | €2,870 | +€2,863 | +43,183% |
| Current investments | 50/53 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Cash at bank and in hand | 54/58 | €18,850 | €4,442 | -€14,408 | -76.4% |
| Deferred charges and accrued income | 490/1 | €3,431 | €2,447 | -€984 | -28.7% |
| Total equity and liabilities | 10/49 | €188,660 | €227,108 | +€38,447 | +20.4% |
| Equity | 10/15 | €157,594 | €67,860 | -€89,734 | -56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,594 | €62,860 | -€89,734 | -58.8% |
| Amounts payable | 17/49 | €31,067 | €159,248 | +€128,181 | +413% |
| Amounts payable within one year | 42/48 | €28,528 | €156,448 | +€127,920 | +448% |
| Trade debts | 44 | €1,989 | €207 | -€1,782 | -89.6% |
| Suppliers | 440/4 | €1,989 | €207 | -€1,782 | -89.6% |
| Taxes, remuneration and social security | 45 | €26,538 | €26,536 | -€3 | 0.0% |
| Taxes | 450/3 | €26,538 | €26,536 | -€3 | 0.0% |
| Other amounts payable | 47/48 | - | €129,705 | +€129,705 | |
| Accrued charges and deferred income | 492/3 | €2,539 | €2,800 | +€261 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,261 | €16,023 | +€763 | +5.0% |
| Other operating charges | 640/8 | €246 | €713 | +€468 | +190% |
| Gross operating margin | 9900 | €73,503 | €95,116 | +€21,613 | +29.4% |
| Operating profit (loss) | 9901 | €57,997 | €78,379 | +€20,382 | +35.1% |
| Financial income | 75/76B | €1,959 | €2,265 | +€305 | +15.6% |
| Recurring financial income | 75 | €1,959 | €2,265 | +€305 | +15.6% |
| Financial charges | 65/66B | €89 | €45 | -€44 | -49.6% |
| Recurring financial charges | 65 | €89 | €45 | -€44 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €59,867 | €80,599 | +€20,732 | +34.6% |
| Income taxes | 67/77 | €13,322 | €17,739 | +€4,417 | +33.2% |
| Profit (loss) for the period | 9904 | €46,545 | €62,860 | +€16,315 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,545 | €62,860 | +€16,315 | +35.1% |
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.