DR. ANDREAS VANCLOOSTER: 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. ANDREAS VANCLOOSTER
Largest movements
- Cash +€775,100
up €775,100 (+577.7%), from €134,164 to €909,264
mainly Net result for the year (+€517,561) and Tax, wage and social debts (+€156,152)
- Receivables within one year -€92,930
down €92,930 (-27.0%), from €344,026 to €251,095
- Profit (loss) carried forward +€522,561
up €522,561 (+212.4%), from €246,054 to €768,616
- Tax, wage and social debts +€156,152
up €156,152 (+176.0%), from €88,740 to €244,891
- Trade debts -€15,836
down €15,836 (-47.5%), from €33,305 to €17,469
- Gross operating margin +€358,007
up €358,007 (+105.0%), from €340,996 to €699,003
- Taxes +€84,412
up €84,412 (+102.0%), from €82,740 to €167,152
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 | €518,392 | €1,190,687 | +€672,295 | +129.7% |
| Fixed assets | 21/28 | €40,202 | €30,328 | -€9,874 | -24.6% |
| Tangible fixed assets | 22/27 | €37,502 | €27,628 | -€9,874 | -26.3% |
| Plant, machinery and equipment | 23 | €782 | €0 | -€782 | -100.0% |
| Furniture and vehicles | 24 | €36,720 | €27,628 | -€9,092 | -24.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €478,190 | €1,160,359 | +€682,169 | +142.7% |
| Amounts receivable within one year | 40/41 | €344,026 | €251,095 | -€92,930 | -27.0% |
| Other amounts receivable | 41 | €344,026 | €251,095 | -€92,930 | -27.0% |
| Cash at bank and in hand | 54/58 | €134,164 | €909,264 | +€775,100 | +577.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €518,392 | €1,190,687 | +€672,295 | +129.7% |
| Equity | 10/15 | €395,675 | €918,237 | +€522,562 | +132.1% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Reserves | 13 | €149,621 | €149,621 | = | 0.0% |
| Distributable reserves | 133 | €149,621 | €149,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,054 | €768,616 | +€522,561 | +212.4% |
| Amounts payable | 17/49 | €122,717 | €272,450 | +€149,732 | +122.0% |
| Amounts payable within one year | 42/48 | €122,045 | €271,756 | +€149,711 | +122.7% |
| Trade debts | 44 | €33,305 | €17,469 | -€15,836 | -47.5% |
| Suppliers | 440/4 | €33,305 | €17,469 | -€15,836 | -47.5% |
| Taxes, remuneration and social security | 45 | €88,740 | €244,891 | +€156,152 | +176.0% |
| Taxes | 450/3 | €88,740 | €244,891 | +€156,152 | +176.0% |
| Other amounts payable | 47/48 | €0 | €9,395 | +€9,395 | |
| Accrued charges and deferred income | 492/3 | €672 | €694 | +€22 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,433 | €13,817 | +€2,385 | +20.9% |
| Other operating charges | 640/8 | €528 | €183 | -€345 | -65.3% |
| Gross operating margin | 9900 | €340,996 | €699,003 | +€358,007 | +105.0% |
| Operating profit (loss) | 9901 | €329,036 | €685,003 | +€355,967 | +108.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €242 | €290 | +€48 | +19.8% |
| Recurring financial charges | 65 | €242 | €290 | +€48 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €328,794 | €684,713 | +€355,919 | +108.2% |
| Income taxes | 67/77 | €82,740 | €167,152 | +€84,412 | +102.0% |
| Profit (loss) for the period | 9904 | €246,054 | €517,561 | +€271,507 | +110.3% |
| Profit (loss) for the period to be appropriated | 9905 | €246,054 | €517,561 | +€271,507 | +110.3% |
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 11 October 2026 via checked.be.