Dokter Birgit Heremans: 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.
Dokter Birgit Heremans
Largest movements
- Intangible fixed assets -€35,000
down €35,000 (-50.0%), from €70,000 to €35,000
- Cash -€23,196
down €23,196 (-10.6%), from €219,061 to €195,865
mainly Contributions, distributions and other (-€358,517) and Debts after one year (-€31,550)
- Receivables within one year -€17,942
down €17,942 (-8.3%), from €216,170 to €198,228
of which Other amounts receivable: -€17,942
- Tangible fixed assets -€9,664
down €9,664 (-72.2%), from €13,390 to €3,727
- Debts after one year -€31,550
down €31,550 (-62.9%), from €50,145 to €18,595
- Tax, wage and social debts -€27,746
down €27,746 (-82.4%), from €33,691 to €5,945
- Other debts -€22,820
down €22,820 (-6.0%), from €381,337 to €358,517
- Gross operating margin -€30,531
down €30,531 (-5.5%), from €551,381 to €520,849
- Taxes -€7,746
down €7,746 (-6.3%), from €123,691 to €115,945
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 | €519,688 | €434,392 | -€85,296 | -16.4% |
| Fixed assets | 21/28 | €83,635 | €38,948 | -€44,687 | -53.4% |
| Intangible fixed assets | 21 | €70,000 | €35,000 | -€35,000 | -50.0% |
| Tangible fixed assets | 22/27 | €13,390 | €3,727 | -€9,664 | -72.2% |
| Furniture and vehicles | 24 | €13,390 | €3,727 | -€9,664 | -72.2% |
| Financial fixed assets | 28 | €245 | €221 | -€23 | -9.6% |
| Current assets | 29/58 | €436,053 | €395,444 | -€40,609 | -9.3% |
| Amounts receivable within one year | 40/41 | €216,170 | €198,228 | -€17,942 | -8.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €216,170 | €198,228 | -€17,942 | -8.3% |
| Cash at bank and in hand | 54/58 | €219,061 | €195,865 | -€23,196 | -10.6% |
| Deferred charges and accrued income | 490/1 | €822 | €1,351 | +€529 | +64.4% |
| Total equity and liabilities | 10/49 | €519,688 | €434,392 | -€85,296 | -16.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €501,088 | €415,792 | -€85,296 | -17.0% |
| Amounts payable after more than one year | 17 | €50,145 | €18,595 | -€31,550 | -62.9% |
| Financial debts | 170/4 | €50,145 | €18,595 | -€31,550 | -62.9% |
| Amounts payable within one year | 42/48 | €450,942 | €397,197 | -€53,746 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €35,915 | €31,550 | -€4,365 | -12.2% |
| Trade debts | 44 | €0 | €1,185 | +€1,185 | |
| Suppliers | 440/4 | €0 | €1,185 | +€1,185 | |
| Taxes, remuneration and social security | 45 | €33,691 | €5,945 | -€27,746 | -82.4% |
| Taxes | 450/3 | €33,691 | €5,945 | -€27,746 | -82.4% |
| Other amounts payable | 47/48 | €381,337 | €358,517 | -€22,820 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,664 | €44,664 | = | 0.0% |
| Other operating charges | 640/8 | €668 | €815 | +€147 | +22.0% |
| Non-recurring operating charges | 66A | €2,541 | €0 | -€2,541 | -100.0% |
| Gross operating margin | 9900 | €551,381 | €520,849 | -€30,531 | -5.5% |
| Operating profit (loss) | 9901 | €503,508 | €475,371 | -€28,137 | -5.6% |
| Financial income | 75/76B | €0 | €514 | +€514 | +5140500.0% |
| Recurring financial income | 75 | €0 | €514 | +€514 | +5140500.0% |
| Financial charges | 65/66B | €3,760 | €1,424 | -€2,336 | -62.1% |
| Recurring financial charges | 65 | €3,760 | €1,424 | -€2,336 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €499,749 | €474,461 | -€25,287 | -5.1% |
| Income taxes | 67/77 | €123,691 | €115,945 | -€7,746 | -6.3% |
| Profit (loss) for the period | 9904 | €376,058 | €358,517 | -€17,541 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €376,058 | €358,517 | -€17,541 | -4.7% |
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 8 October 2026 via checked.be.