Dr. An Van Rompay: 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. An Van Rompay
Largest movements
- Cash -€10,019
down €10,019 (-19.4%), from €51,534 to €41,515
mainly Net result for the year (-€10,430) and Investment in fixed assets (net) (-€8,556)
- Receivables within one year +€7,897
up €7,897 (+46.9%), from €16,833 to €24,730
of which Trade receivables: +€4,030
- Tangible fixed assets -€6,447
down €6,447 (-16.9%), from €38,141 to €31,695
of which Land and buildings: -€3,483
- Receivables after one year -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€8,050
new in 2025: -€8,050
- Other debts -€3,850
down €3,850 (-9.0%), from €42,894 to €39,044
- Tax, wage and social debts +€2,408
new in 2025: €2,408
- Reserves -€2,380
down €2,380 (-1.4%), from €168,005 to €165,625
- Gross operating margin -€12,062
down €12,062 (-51.9%), from €23,220 to €11,158
- Depreciation +€1,619
up €1,619 (+12.1%), from €13,384 to €15,003
- Other operating charges +€1,084
up €1,084 (+47.2%), from €2,299 to €3,383
- Taxes -€561
down €561 (-77.0%), from €729 to €168
- Financial charges +€511
up €511 (+20.2%), from €2,524 to €3,035
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 | €232,008 | €217,915 | -€14,093 | -6.1% |
| Fixed assets | 21/28 | €48,129 | €41,682 | -€6,447 | -13.4% |
| Tangible fixed assets | 22/27 | €38,141 | €31,695 | -€6,447 | -16.9% |
| Land and buildings | 22 | €30,142 | €26,659 | -€3,483 | -11.6% |
| Plant, machinery and equipment | 23 | €2,699 | €1,739 | -€959 | -35.5% |
| Furniture and vehicles | 24 | €5,300 | €3,296 | -€2,004 | -37.8% |
| Financial fixed assets | 28 | €9,988 | €9,988 | = | 0.0% |
| Current assets | 29/58 | €183,879 | €176,232 | -€7,646 | -4.2% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 291 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €16,833 | €24,730 | +€7,897 | +46.9% |
| Trade receivables | 40 | €4,864 | €8,894 | +€4,030 | +82.8% |
| Other amounts receivable | 41 | €11,969 | €15,836 | +€3,867 | +32.3% |
| Current investments | 50/53 | €107,316 | €107,316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,534 | €41,515 | -€10,019 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,195 | €2,671 | -€524 | -16.4% |
| Total equity and liabilities | 10/49 | €232,008 | €217,915 | -€14,093 | -6.1% |
| Equity | 10/15 | €186,605 | €176,175 | -€10,430 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,005 | €165,625 | -€2,380 | -1.4% |
| Distributable reserves | 133 | €168,005 | €165,625 | -€2,380 | -1.4% |
| Profit (loss) carried forward | 14 | - | -€8,050 | -€8,050 | |
| Amounts payable | 17/49 | €45,403 | €41,740 | -€3,663 | -8.1% |
| Amounts payable after more than one year | 17 | €1,830 | - | -€1,830 | |
| Other amounts payable | 178/9 | €1,830 | - | -€1,830 | |
| Amounts payable within one year | 42/48 | €43,573 | €41,740 | -€1,833 | -4.2% |
| Trade debts | 44 | €679 | €289 | -€390 | -57.5% |
| Suppliers | 440/4 | €679 | €289 | -€390 | -57.5% |
| Taxes, remuneration and social security | 45 | - | €2,408 | +€2,408 | |
| Taxes | 450/3 | - | €2,408 | +€2,408 | |
| Other amounts payable | 47/48 | €42,894 | €39,044 | -€3,850 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,384 | €15,003 | +€1,619 | +12.1% |
| Other operating charges | 640/8 | €2,299 | €3,383 | +€1,084 | +47.2% |
| Gross operating margin | 9900 | €23,220 | €11,158 | -€12,062 | -51.9% |
| Operating profit (loss) | 9901 | €7,537 | -€7,228 | -€14,765 | |
| Financial income | 75/76B | €78 | - | -€78 | |
| Recurring financial income | 75 | €78 | - | -€78 | |
| Financial charges | 65/66B | €2,524 | €3,035 | +€511 | +20.2% |
| Recurring financial charges | 65 | €2,524 | €3,035 | +€511 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €5,091 | -€10,263 | -€15,353 | |
| Income taxes | 67/77 | €729 | €168 | -€561 | -77.0% |
| Profit (loss) for the period | 9904 | €4,362 | -€10,430 | -€14,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,362 | -€10,430 | -€14,792 |
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.