Dr. Aalt van Roest: 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.
Dr. Aalt van Roest
Largest movements
- Cash +€27,084
up €27,084 (+9.2%), from €293,931 to €321,015
mainly Net result for the year (+€149,183) and Other debts (+€22,276)
- Receivables within one year +€10,405
up €10,405 (+18.6%), from €55,877 to €66,282
- Other debts +€22,276
up €22,276 (+14.5%), from €153,458 to €175,734
- Reserves +€9,183
up €9,183 (+5.3%), from €173,036 to €182,219
- Tax, wage and social debts +€4,000
up €4,000 (+421%), from €950 to €4,950
- Gross operating margin +€9,985
up €9,985 (+5.4%), from €186,202 to €196,187
- Taxes +€2,467
up €2,467 (+6.0%), from €40,949 to €43,416
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 | €351,989 | €390,208 | +€38,219 | +10.9% |
| Fixed assets | 21/28 | €517 | €1,125 | +€608 | +118% |
| Tangible fixed assets | 22/27 | €388 | €813 | +€425 | +110% |
| Plant, machinery and equipment | 23 | €388 | €813 | +€425 | +110% |
| Financial fixed assets | 28 | €129 | €312 | +€183 | +142% |
| Current assets | 29/58 | €351,472 | €389,083 | +€37,611 | +10.7% |
| Amounts receivable within one year | 40/41 | €55,877 | €66,282 | +€10,405 | +18.6% |
| Trade receivables | 40 | €55,877 | €66,282 | +€10,405 | +18.6% |
| Cash at bank and in hand | 54/58 | €293,931 | €321,015 | +€27,084 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,786 | +€122 | +7.3% |
| Total equity and liabilities | 10/49 | €351,989 | €390,208 | +€38,219 | +10.9% |
| Equity | 10/15 | €177,036 | €186,219 | +€9,183 | +5.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €173,036 | €182,219 | +€9,183 | +5.3% |
| Distributable reserves | 133 | €173,036 | €182,219 | +€9,183 | +5.3% |
| Amounts payable | 17/49 | €174,953 | €203,989 | +€29,036 | +16.6% |
| Amounts payable within one year | 42/48 | €174,953 | €203,989 | +€29,036 | +16.6% |
| Trade debts | 44 | €20,545 | €23,305 | +€2,760 | +13.4% |
| Suppliers | 440/4 | €20,545 | €23,305 | +€2,760 | +13.4% |
| Taxes, remuneration and social security | 45 | €950 | €4,950 | +€4,000 | +421% |
| Taxes | 450/3 | €950 | €4,950 | +€4,000 | +421% |
| Other amounts payable | 47/48 | €153,458 | €175,734 | +€22,276 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €212 | -€96 | -31.2% |
| Other operating charges | 640/8 | €1,024 | €640 | -€384 | -37.5% |
| Non-recurring operating charges | 66A | - | €388 | +€388 | |
| Gross operating margin | 9900 | €186,202 | €196,187 | +€9,985 | +5.4% |
| Operating profit (loss) | 9901 | €184,870 | €194,947 | +€10,077 | +5.5% |
| Financial charges | 65/66B | €2,486 | €2,348 | -€138 | -5.6% |
| Recurring financial charges | 65 | €2,486 | €2,348 | -€138 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €182,384 | €192,599 | +€10,215 | +5.6% |
| Income taxes | 67/77 | €40,949 | €43,416 | +€2,467 | +6.0% |
| Profit (loss) for the period | 9904 | €141,435 | €149,183 | +€7,748 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €141,435 | €149,183 | +€7,748 | +5.5% |
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 28 October 2026 via checked.be.