David Van Roy: 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 Roy
Largest movements
- Tangible fixed assets -€14,758
down €14,758 (-20.9%), from €70,746 to €55,988
- Cash -€8,780
down €8,780 (-21.1%), from €41,625 to €32,846
mainly Tax, wage and social debts (-€12,995) and Debts after one year (-€7,755)
- Tax, wage and social debts -€12,995
down €12,995 (-84.7%), from €15,340 to €2,345
of which Taxes: -€12,960
- Debts after one year -€7,755
down €7,755 (-24.8%), from €31,297 to €23,543
- Profit (loss) carried forward -€3,097
new in 2025: -€3,097
- Depreciation +€11,715
up €11,715 (+385%), from €3,043 to €14,758
- Gross operating margin -€5,345
down €5,345 (-27.4%), from €19,508 to €14,163
- Taxes -€3,466
down €3,466 (-86.4%), from €4,011 to €544
- Financial charges -€435
down €435 (-22.6%), from €1,927 to €1,492
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 | €118,537 | €95,695 | -€22,842 | -19.3% |
| Fixed assets | 21/28 | €70,746 | €55,988 | -€14,758 | -20.9% |
| Tangible fixed assets | 22/27 | €70,746 | €55,988 | -€14,758 | -20.9% |
| Furniture and vehicles | 24 | €70,746 | €55,988 | -€14,758 | -20.9% |
| Current assets | 29/58 | €47,792 | €39,707 | -€8,084 | -16.9% |
| Amounts receivable within one year | 40/41 | €4,947 | €5,625 | +€678 | +13.7% |
| Trade receivables | 40 | €3,950 | €5,625 | +€1,675 | +42.4% |
| Other amounts receivable | 41 | €997 | €0 | -€997 | -100% |
| Cash at bank and in hand | 54/58 | €41,625 | €32,846 | -€8,780 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,219 | €1,236 | +€18 | +1.4% |
| Total equity and liabilities | 10/49 | €118,537 | €95,695 | -€22,842 | -19.3% |
| Equity | 10/15 | €62,058 | €58,961 | -€3,097 | -5.0% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €59,658 | €59,658 | = | 0.0% |
| Distributable reserves | 133 | €59,658 | €59,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,097 | -€3,097 | |
| Amounts payable | 17/49 | €56,480 | €36,734 | -€19,746 | -35.0% |
| Amounts payable after more than one year | 17 | €31,297 | €23,543 | -€7,755 | -24.8% |
| Financial debts | 170/4 | €31,297 | €23,543 | -€7,755 | -24.8% |
| Amounts payable within one year | 42/48 | €25,182 | €13,191 | -€11,991 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €7,482 | €7,755 | +€273 | +3.6% |
| Trade debts | 44 | €395 | €899 | +€504 | +127% |
| Suppliers | 440/4 | €395 | €899 | +€504 | +127% |
| Taxes, remuneration and social security | 45 | €15,340 | €2,345 | -€12,995 | -84.7% |
| Taxes | 450/3 | €14,115 | €1,155 | -€12,960 | -91.8% |
| Remuneration and social security | 454/9 | €1,225 | €1,190 | -€35 | -2.9% |
| Other amounts payable | 47/48 | €1,965 | €2,192 | +€227 | +11.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,043 | €14,758 | +€11,715 | +385% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €19,508 | €14,163 | -€5,345 | -27.4% |
| Operating profit (loss) | 9901 | €16,014 | -€1,061 | -€17,075 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,927 | €1,492 | -€435 | -22.6% |
| Recurring financial charges | 65 | €1,927 | €1,492 | -€435 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €14,087 | -€2,552 | -€16,639 | |
| Income taxes | 67/77 | €4,011 | €544 | -€3,466 | -86.4% |
| Profit (loss) for the period | 9904 | €10,076 | -€3,097 | -€13,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,076 | -€3,097 | -€13,173 |
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 26 October 2026 via checked.be.