Dimitri Verhoeven: 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.
Dimitri Verhoeven
Largest movements
- Cash +€10,227
up €10,227 (+14.8%), from €68,922 to €79,149
mainly Net result for the year (+€44,486) and Other debts (+€33,770)
- Other debts +€33,770
up €33,770 (+90.1%), from €37,484 to €71,254
- Reserves -€25,514
down €25,514 (-80.6%), from €31,638 to €6,123
- Tax, wage and social debts +€2,540
up €2,540 (+41.3%), from €6,159 to €8,699
- Trade debts -€1,728
down €1,728 (-41.7%), from €4,145 to €2,417
- Accrued charges and deferred income +€1,236
new in 2025: €1,236
- Gross operating margin +€21,218
up €21,218 (+52.2%), from €40,632 to €61,850
- Taxes +€4,276
up €4,276 (+49.8%), from €8,595 to €12,871
- Other operating charges +€1,107
up €1,107 (+457%), from €242 to €1,349
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 | €81,925 | €92,229 | +€10,304 | +12.6% |
| Fixed assets | 21/28 | €301 | €190 | -€111 | -36.8% |
| Tangible fixed assets | 22/27 | €301 | €190 | -€111 | -36.8% |
| Plant, machinery and equipment | 23 | €301 | €190 | -€111 | -36.8% |
| Current assets | 29/58 | €81,624 | €92,039 | +€10,415 | +12.8% |
| Amounts receivable within one year | 40/41 | €11,713 | €11,849 | +€136 | +1.2% |
| Trade receivables | 40 | €11,463 | €11,849 | +€386 | +3.4% |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €68,922 | €79,149 | +€10,227 | +14.8% |
| Deferred charges and accrued income | 490/1 | €989 | €1,042 | +€53 | +5.3% |
| Total equity and liabilities | 10/49 | €81,925 | €92,229 | +€10,304 | +12.6% |
| Equity | 10/15 | €34,138 | €8,623 | -€25,514 | -74.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,638 | €6,123 | -€25,514 | -80.6% |
| Distributable reserves | 133 | €31,638 | €6,123 | -€25,514 | -80.6% |
| Amounts payable | 17/49 | €47,787 | €83,606 | +€35,819 | +75.0% |
| Amounts payable within one year | 42/48 | €47,787 | €82,370 | +€34,583 | +72.4% |
| Trade debts | 44 | €4,145 | €2,417 | -€1,728 | -41.7% |
| Suppliers | 440/4 | €4,145 | €2,417 | -€1,728 | -41.7% |
| Taxes, remuneration and social security | 45 | €6,159 | €8,699 | +€2,540 | +41.3% |
| Taxes | 450/3 | €6,159 | €8,699 | +€2,540 | +41.3% |
| Other amounts payable | 47/48 | €37,484 | €71,254 | +€33,770 | +90.1% |
| Accrued charges and deferred income | 492/3 | - | €1,236 | +€1,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €111 | = | 0.0% |
| Other operating charges | 640/8 | €242 | €1,349 | +€1,107 | +457% |
| Gross operating margin | 9900 | €40,632 | €61,850 | +€21,218 | +52.2% |
| Operating profit (loss) | 9901 | €40,279 | €60,390 | +€20,111 | +49.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,004 | €3,034 | +€30 | +1.0% |
| Recurring financial charges | 65 | €3,004 | €3,034 | +€30 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €37,275 | €57,357 | +€20,082 | +53.9% |
| Income taxes | 67/77 | €8,595 | €12,871 | +€4,276 | +49.8% |
| Profit (loss) for the period | 9904 | €28,680 | €44,486 | +€15,806 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,680 | €44,486 | +€15,806 | +55.1% |
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 24 October 2026 via checked.be.