Dominique Vanherck: 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.
Dominique Vanherck
Largest movements
- Cash +€53,509
up €53,509 (+67.6%), from €79,111 to €132,620
mainly Net result for the year (+€48,242) and Tax, wage and social debts (+€2,227)
- Reserves +€48,242
up €48,242 (+115%), from €42,067 to €90,309
- Tax, wage and social debts +€2,227
up €2,227 (+12.2%), from €18,290 to €20,517
- Accrued charges and deferred income +€2,058
up €2,058 (+181%), from €1,135 to €3,193
- Trade debts -€1,358
no longer reported in 2025 (was €1,358)
- Gross operating margin +€7,340
up €7,340 (+13.3%), from €55,352 to €62,692
- Taxes +€1,746
up €1,746 (+15.4%), from €11,358 to €13,104
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 | €81,057 | €133,271 | +€52,214 | +64.4% |
| Current assets | 29/58 | €81,057 | €133,271 | +€52,214 | +64.4% |
| Amounts receivable within one year | 40/41 | €1,510 | €651 | -€859 | -56.9% |
| Trade receivables | 40 | €1,510 | €651 | -€859 | -56.9% |
| Cash at bank and in hand | 54/58 | €79,111 | €132,620 | +€53,509 | +67.6% |
| Deferred charges and accrued income | 490/1 | €436 | - | -€436 | |
| Total equity and liabilities | 10/49 | €81,057 | €133,271 | +€52,214 | +64.4% |
| Equity | 10/15 | €57,067 | €105,309 | +€48,242 | +84.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €42,067 | €90,309 | +€48,242 | +115% |
| Distributable reserves | 133 | €42,067 | €90,309 | +€48,242 | +115% |
| Amounts payable | 17/49 | €23,990 | €27,962 | +€3,972 | +16.6% |
| Amounts payable within one year | 42/48 | €22,855 | €24,769 | +€1,914 | +8.4% |
| Trade debts | 44 | €1,358 | - | -€1,358 | |
| Suppliers | 440/4 | €1,358 | - | -€1,358 | |
| Taxes, remuneration and social security | 45 | €18,290 | €20,517 | +€2,227 | +12.2% |
| Taxes | 450/3 | €18,290 | €20,517 | +€2,227 | +12.2% |
| Other amounts payable | 47/48 | €3,207 | €4,252 | +€1,045 | +32.6% |
| Accrued charges and deferred income | 492/3 | €1,135 | €3,193 | +€2,058 | +181% |
| Other operating charges | 640/8 | €434 | €160 | -€274 | -63.1% |
| Gross operating margin | 9900 | €55,352 | €62,692 | +€7,340 | +13.3% |
| Operating profit (loss) | 9901 | €54,918 | €62,532 | +€7,614 | +13.9% |
| Financial income | 75/76B | €20 | €393 | +€373 | +1,865% |
| Recurring financial income | 75 | €20 | €393 | +€373 | +1,865% |
| Financial charges | 65/66B | €1,513 | €1,579 | +€66 | +4.4% |
| Recurring financial charges | 65 | €1,513 | €1,579 | +€66 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €53,425 | €61,346 | +€7,921 | +14.8% |
| Income taxes | 67/77 | €11,358 | €13,104 | +€1,746 | +15.4% |
| Profit (loss) for the period | 9904 | €42,067 | €48,242 | +€6,175 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,067 | €48,242 | +€6,175 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.