Dr. Anne Hak: 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 Hak
Largest movements
- Cash +€21,581
up €21,581 (+75.6%), from €28,550 to €50,131
mainly Net result for the year (+€16,641) and Depreciation (+€10,103)
- Tangible fixed assets -€8,103
down €8,103 (-23.2%), from €34,884 to €26,781
of which Furniture and vehicles: -€9,434
- Receivables within one year +€1,047
up €1,047 (+8.0%), from €13,004 to €14,051
of which Other amounts receivable: +€1,427
- Reserves +€14,975
up €14,975 (+35.2%), from €42,543 to €57,518
- Gross operating margin +€20,927
up €20,927 (+186%), from €11,277 to €32,204
- Taxes +€4,196
up €4,196 (+1,114%), from €377 to €4,573
- Other operating charges +€432
up €432 (+113%), from €381 to €813
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 | €78,150 | €93,055 | +€14,906 | +19.1% |
| Fixed assets | 21/28 | €34,884 | €26,781 | -€8,103 | -23.2% |
| Tangible fixed assets | 22/27 | €34,884 | €26,781 | -€8,103 | -23.2% |
| Land and buildings | 22 | €2,482 | €2,183 | -€299 | -12.1% |
| Furniture and vehicles | 24 | €32,402 | €22,968 | -€9,434 | -29.1% |
| Other tangible fixed assets | 26 | - | €1,631 | +€1,631 | |
| Current assets | 29/58 | €43,266 | €66,274 | +€23,008 | +53.2% |
| Amounts receivable within one year | 40/41 | €13,004 | €14,051 | +€1,047 | +8.0% |
| Trade receivables | 40 | €381 | - | -€381 | |
| Other amounts receivable | 41 | €12,623 | €14,051 | +€1,427 | +11.3% |
| Cash at bank and in hand | 54/58 | €28,550 | €50,131 | +€21,581 | +75.6% |
| Deferred charges and accrued income | 490/1 | €1,712 | €2,092 | +€380 | +22.2% |
| Total equity and liabilities | 10/49 | €78,150 | €93,055 | +€14,906 | +19.1% |
| Equity | 10/15 | €45,043 | €60,018 | +€14,975 | +33.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,543 | €57,518 | +€14,975 | +35.2% |
| Distributable reserves | 133 | €42,543 | €57,518 | +€14,975 | +35.2% |
| Amounts payable | 17/49 | €33,107 | €33,037 | -€70 | -0.2% |
| Amounts payable within one year | 42/48 | €33,107 | €33,037 | -€70 | -0.2% |
| Trade debts | 44 | €416 | €550 | +€135 | +32.4% |
| Suppliers | 440/4 | €416 | €550 | +€135 | +32.4% |
| Other amounts payable | 47/48 | €32,691 | €32,487 | -€205 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,099 | €10,103 | +€4 | 0.0% |
| Other operating charges | 640/8 | €381 | €813 | +€432 | +113% |
| Gross operating margin | 9900 | €11,277 | €32,204 | +€20,927 | +186% |
| Operating profit (loss) | 9901 | €797 | €21,289 | +€20,492 | +2,570% |
| Financial charges | 65/66B | €50 | €75 | +€25 | +48.9% |
| Recurring financial charges | 65 | €50 | €75 | +€25 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €747 | €21,214 | +€20,467 | +2,740% |
| Income taxes | 67/77 | €377 | €4,573 | +€4,196 | +1,114% |
| Profit (loss) for the period | 9904 | €370 | €16,641 | +€16,271 | +4,395% |
| Profit (loss) for the period to be appropriated | 9905 | €370 | €16,641 | +€16,271 | +4,395% |
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 20 October 2026 via checked.be.