Dr. Anne Claessen: 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. Anne Claessen
Largest movements
- Cash +€28,688
up €28,688 (+89.7%), from €31,966 to €60,655
mainly Net result for the year (+€23,940) and Receivables within one year (+€6,919)
- Receivables within one year -€6,919
down €6,919 (-54.6%), from €12,676 to €5,757
- Profit (loss) carried forward +€23,940
up €23,940 (+52.8%), from €45,316 to €69,256
- Other debts -€2,252
down €2,252 (-91.5%), from €2,462 to €209
- Gross operating margin +€514
up €514 (+1.7%), from €30,567 to €31,081
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 | €51,327 | €73,032 | +€21,705 | +42.3% |
| Fixed assets | 21/28 | €4,766 | €5,092 | +€326 | +6.8% |
| Tangible fixed assets | 22/27 | €4,766 | €5,092 | +€326 | +6.8% |
| Furniture and vehicles | 24 | - | €876 | +€876 | |
| Other tangible fixed assets | 26 | €4,766 | €4,216 | -€550 | -11.5% |
| Current assets | 29/58 | €46,561 | €67,940 | +€21,379 | +45.9% |
| Amounts receivable within one year | 40/41 | €12,676 | €5,757 | -€6,919 | -54.6% |
| Other amounts receivable | 41 | €12,676 | €5,757 | -€6,919 | -54.6% |
| Cash at bank and in hand | 54/58 | €31,966 | €60,655 | +€28,688 | +89.7% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,528 | -€390 | -20.3% |
| Total equity and liabilities | 10/49 | €51,327 | €73,032 | +€21,705 | +42.3% |
| Equity | 10/15 | €48,316 | €72,256 | +€23,940 | +49.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,316 | €69,256 | +€23,940 | +52.8% |
| Amounts payable | 17/49 | €3,010 | €776 | -€2,234 | -74.2% |
| Amounts payable within one year | 42/48 | €2,462 | €209 | -€2,252 | -91.5% |
| Other amounts payable | 47/48 | €2,462 | €209 | -€2,252 | -91.5% |
| Accrued charges and deferred income | 492/3 | €549 | €566 | +€18 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €643 | +€93 | +16.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €30,567 | €31,081 | +€514 | +1.7% |
| Operating profit (loss) | 9901 | €29,899 | €30,318 | +€419 | +1.4% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €29,899 | €30,273 | +€374 | +1.3% |
| Income taxes | 67/77 | €6,084 | €6,334 | +€249 | +4.1% |
| Profit (loss) for the period | 9904 | €23,815 | €23,940 | +€125 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,815 | €23,940 | +€125 | +0.5% |
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 25 October 2026 via checked.be.