DR. AN VERSMISSEN: 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 VERSMISSEN
Largest movements
- Cash +€78,661
up €78,661 (+225%), from €34,896 to €113,556
mainly Net result for the year (+€72,025) and Tax, wage and social debts (+€4,073)
- Deferred charges and accrued income -€2,369
down €2,369 (-100%), from €2,369 to €0
- Reserves +€72,025
up €72,025 (+306%), from €23,562 to €95,587
- Tax, wage and social debts +€4,073
up €4,073 (+32.4%), from €12,554 to €16,627
- Gross operating margin +€65,992
up €65,992 (+184%), from €35,774 to €101,766
- Taxes +€16,519
up €16,519 (+143%), from €11,554 to €28,073
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 | €37,264 | €113,837 | +€76,572 | +205% |
| Current assets | 29/58 | €37,264 | €113,837 | +€76,572 | +205% |
| Amounts receivable within one year | 40/41 | - | €280 | +€280 | |
| Trade receivables | 40 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | €34,896 | €113,556 | +€78,661 | +225% |
| Deferred charges and accrued income | 490/1 | €2,369 | €0 | -€2,369 | -100% |
| Total equity and liabilities | 10/49 | €37,264 | €113,837 | +€76,572 | +205% |
| Equity | 10/15 | €24,562 | €96,587 | +€72,025 | +293% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,562 | €95,587 | +€72,025 | +306% |
| Distributable reserves | 133 | €23,562 | €95,587 | +€72,025 | +306% |
| Amounts payable | 17/49 | €12,702 | €17,250 | +€4,547 | +35.8% |
| Amounts payable within one year | 42/48 | €12,702 | €17,250 | +€4,547 | +35.8% |
| Trade debts | 44 | €149 | €609 | +€460 | +310% |
| Suppliers | 440/4 | €149 | €609 | +€460 | +310% |
| Taxes, remuneration and social security | 45 | €12,554 | €16,627 | +€4,073 | +32.4% |
| Taxes | 450/3 | €12,554 | €16,627 | +€4,073 | +32.4% |
| Other amounts payable | 47/48 | - | €14 | +€14 | |
| Other operating charges | 640/8 | €647 | €1,623 | +€976 | +151% |
| Gross operating margin | 9900 | €35,774 | €101,766 | +€65,992 | +184% |
| Operating profit (loss) | 9901 | €35,127 | €100,143 | +€65,016 | +185% |
| Financial charges | 65/66B | €11 | €45 | +€34 | +300% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +300% |
| Profit (loss) for the period before taxes | 9903 | €35,115 | €100,098 | +€64,983 | +185% |
| Income taxes | 67/77 | €11,554 | €28,073 | +€16,519 | +143% |
| Profit (loss) for the period | 9904 | €23,562 | €72,025 | +€48,463 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €23,562 | €72,025 | +€48,463 | +206% |
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 29 October 2026 via checked.be.