Dr. Anke Van Dijck: 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. Anke Van Dijck
Largest movements
- Cash +€98,018
up €98,018 (+64.1%), from €152,991 to €251,009
mainly Other debts (+€317,457) and Net result for the year (+€148,778)
- Receivables within one year +€23,545
up €23,545 (+41.4%), from €56,904 to €80,450
of which Trade receivables: +€17,450
- Tangible fixed assets -€5,123
down €5,123 (-58.4%), from €8,768 to €3,645
of which Furniture and vehicles: -€4,317
- Other debts +€317,457
up €317,457 (+2,187%), from €14,517 to €331,974
- Reserves -€197,344
no longer reported in 2025 (was €197,344)
- Gross operating margin +€61,261
up €61,261 (+44.5%), from €137,718 to €198,978
- Taxes +€15,583
up €15,583 (+54.5%), from €28,594 to €44,176
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 | €220,064 | €337,350 | +€117,286 | +53.3% |
| Fixed assets | 21/28 | €8,768 | €3,645 | -€5,123 | -58.4% |
| Tangible fixed assets | 22/27 | €8,768 | €3,645 | -€5,123 | -58.4% |
| Plant, machinery and equipment | 23 | €806 | - | -€806 | |
| Furniture and vehicles | 24 | €7,962 | €3,645 | -€4,317 | -54.2% |
| Current assets | 29/58 | €211,297 | €333,706 | +€122,409 | +57.9% |
| Amounts receivable within one year | 40/41 | €56,904 | €80,450 | +€23,545 | +41.4% |
| Trade receivables | 40 | €56,904 | €74,354 | +€17,450 | +30.7% |
| Other amounts receivable | 41 | - | €6,096 | +€6,096 | |
| Cash at bank and in hand | 54/58 | €152,991 | €251,009 | +€98,018 | +64.1% |
| Deferred charges and accrued income | 490/1 | €1,401 | €2,247 | +€846 | +60.3% |
| Total equity and liabilities | 10/49 | €220,064 | €337,350 | +€117,286 | +53.3% |
| Equity | 10/15 | €197,444 | €100 | -€197,344 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €197,344 | - | -€197,344 | |
| Distributable reserves | 133 | €197,344 | - | -€197,344 | |
| Amounts payable | 17/49 | €22,621 | €337,250 | +€314,630 | +1,391% |
| Amounts payable within one year | 42/48 | €22,009 | €335,406 | +€313,396 | +1,424% |
| Trade debts | 44 | €4,107 | €3,133 | -€974 | -23.7% |
| Suppliers | 440/4 | €4,107 | €3,133 | -€974 | -23.7% |
| Taxes, remuneration and social security | 45 | €3,385 | €298 | -€3,086 | -91.2% |
| Taxes | 450/3 | €3,385 | €298 | -€3,086 | -91.2% |
| Other amounts payable | 47/48 | €14,517 | €331,974 | +€317,457 | +2,187% |
| Accrued charges and deferred income | 492/3 | €611 | €1,845 | +€1,233 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,139 | €5,123 | -€16 | -0.3% |
| Other operating charges | 640/8 | €643 | €662 | +€19 | +2.9% |
| Gross operating margin | 9900 | €137,718 | €198,978 | +€61,261 | +44.5% |
| Operating profit (loss) | 9901 | €131,936 | €193,193 | +€61,258 | +46.4% |
| Financial income | 75/76B | €52 | €906 | +€854 | +1,630% |
| Recurring financial income | 75 | €52 | €906 | +€854 | +1,630% |
| Financial charges | 65/66B | €1,106 | €1,145 | +€39 | +3.5% |
| Recurring financial charges | 65 | €1,106 | €1,145 | +€39 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €130,882 | €192,954 | +€62,073 | +47.4% |
| Income taxes | 67/77 | €28,594 | €44,176 | +€15,583 | +54.5% |
| Profit (loss) for the period | 9904 | €102,288 | €148,778 | +€46,490 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,288 | €148,778 | +€46,490 | +45.5% |
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 18 October 2026 via checked.be.