David Van den bussche: 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.
David Van den bussche
Largest movements
- Cash +€55,281
up €55,281 (+361%), from €15,312 to €70,593
mainly Net result for the year (+€49,386) and Trade debts (+€4,328)
- Receivables within one year -€4,125
down €4,125 (-7.0%), from €58,737 to €54,612
of which Trade receivables: -€6,632
- Tangible fixed assets -€2,225
down €2,225 (-21.8%), from €10,209 to €7,985
of which Plant, machinery and equipment: -€1,360
- Profit (loss) carried forward +€49,386
up €49,386 (+71.8%), from €68,822 to €118,208
- Trade debts +€4,328
up €4,328 (+600%), from €721 to €5,049
- Tax, wage and social debts -€3,796
down €3,796 (-34.1%), from €11,145 to €7,349
- Gross operating margin +€14,763
up €14,763 (+27.9%), from €52,841 to €67,604
- Taxes +€2,921
up €2,921 (+28.8%), from €10,160 to €13,082
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 | €85,703 | €134,847 | +€49,144 | +57.3% |
| Fixed assets | 21/28 | €10,209 | €7,985 | -€2,225 | -21.8% |
| Tangible fixed assets | 22/27 | €10,209 | €7,985 | -€2,225 | -21.8% |
| Plant, machinery and equipment | 23 | €2,838 | €1,477 | -€1,360 | -47.9% |
| Furniture and vehicles | 24 | €7,372 | €6,507 | -€865 | -11.7% |
| Current assets | 29/58 | €75,494 | €126,863 | +€51,369 | +68.0% |
| Amounts receivable within one year | 40/41 | €58,737 | €54,612 | -€4,125 | -7.0% |
| Trade receivables | 40 | €38,394 | €31,762 | -€6,632 | -17.3% |
| Other amounts receivable | 41 | €20,343 | €22,851 | +€2,507 | +12.3% |
| Cash at bank and in hand | 54/58 | €15,312 | €70,593 | +€55,281 | +361% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,658 | +€213 | +14.7% |
| Total equity and liabilities | 10/49 | €85,703 | €134,847 | +€49,144 | +57.3% |
| Equity | 10/15 | €69,822 | €119,208 | +€49,386 | +70.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,822 | €118,208 | +€49,386 | +71.8% |
| Amounts payable | 17/49 | €15,882 | €15,640 | -€242 | -1.5% |
| Amounts payable within one year | 42/48 | €11,866 | €12,398 | +€532 | +4.5% |
| Trade debts | 44 | €721 | €5,049 | +€4,328 | +600% |
| Suppliers | 440/4 | €721 | €5,049 | +€4,328 | +600% |
| Taxes, remuneration and social security | 45 | €11,145 | €7,349 | -€3,796 | -34.1% |
| Taxes | 450/3 | €11,145 | €7,349 | -€3,796 | -34.1% |
| Accrued charges and deferred income | 492/3 | €4,015 | €3,242 | -€774 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,670 | €3,258 | +€588 | +22.0% |
| Other operating charges | 640/8 | €255 | €686 | +€431 | +169% |
| Gross operating margin | 9900 | €52,841 | €67,604 | +€14,763 | +27.9% |
| Operating profit (loss) | 9901 | €49,915 | €63,660 | +€13,744 | +27.5% |
| Financial income | 75/76B | €442 | €423 | -€20 | -4.4% |
| Recurring financial income | 75 | €442 | €423 | -€20 | -4.4% |
| Financial charges | 65/66B | €1,891 | €1,615 | -€276 | -14.6% |
| Recurring financial charges | 65 | €1,891 | €1,615 | -€276 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €48,467 | €62,468 | +€14,001 | +28.9% |
| Income taxes | 67/77 | €10,160 | €13,082 | +€2,921 | +28.8% |
| Profit (loss) for the period | 9904 | €38,306 | €49,386 | +€11,079 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,306 | €49,386 | +€11,079 | +28.9% |
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 25 October 2026 via checked.be.