Dr Arend Simon: 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 Arend Simon
Largest movements
- Cash +€23,242
up €23,242 (+12.6%), from €184,270 to €207,512
mainly Other debts (+€171,455) and Net result for the year (+€113,676)
- Tangible fixed assets +€18,392
up €18,392 (+24.4%), from €75,498 to €93,890
- Other debts +€171,455
up €171,455 (+199%), from €86,157 to €257,612
- Profit (loss) carried forward -€136,324
down €136,324 (-83.5%), from €163,198 to €26,873
- Tax, wage and social debts +€5,849
up €5,849 (+97.4%), from €6,008 to €11,856
- Gross operating margin +€26,046
up €26,046 (+19.5%), from €133,416 to €159,461
- Taxes +€5,849
up €5,849 (+22.5%), from €26,008 to €31,856
- Other operating charges -€1,723
no longer reported in 2025 (was €1,723)
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 | €260,237 | €301,499 | +€41,262 | +15.9% |
| Fixed assets | 21/28 | €75,498 | €93,890 | +€18,392 | +24.4% |
| Tangible fixed assets | 22/27 | €75,498 | €93,890 | +€18,392 | +24.4% |
| Other tangible fixed assets | 26 | €75,498 | €93,890 | +€18,392 | +24.4% |
| Current assets | 29/58 | €184,739 | €207,609 | +€22,870 | +12.4% |
| Cash at bank and in hand | 54/58 | €184,270 | €207,512 | +€23,242 | +12.6% |
| Deferred charges and accrued income | 490/1 | €470 | €97 | -€372 | -79.3% |
| Total equity and liabilities | 10/49 | €260,237 | €301,499 | +€41,262 | +15.9% |
| Equity | 10/15 | €165,198 | €28,873 | -€136,324 | -82.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,198 | €26,873 | -€136,324 | -83.5% |
| Amounts payable | 17/49 | €95,040 | €272,626 | +€177,586 | +187% |
| Amounts payable within one year | 42/48 | €93,960 | €272,626 | +€178,666 | +190% |
| Trade debts | 44 | €1,795 | €3,158 | +€1,363 | +75.9% |
| Suppliers | 440/4 | €1,795 | €3,158 | +€1,363 | +75.9% |
| Taxes, remuneration and social security | 45 | €6,008 | €11,856 | +€5,849 | +97.4% |
| Taxes | 450/3 | €6,008 | €11,856 | +€5,849 | +97.4% |
| Other amounts payable | 47/48 | €86,157 | €257,612 | +€171,455 | +199% |
| Accrued charges and deferred income | 492/3 | €1,080 | - | -€1,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,287 | €11,113 | +€825 | +8.0% |
| Other operating charges | 640/8 | €1,723 | - | -€1,723 | |
| Gross operating margin | 9900 | €133,416 | €159,461 | +€26,046 | +19.5% |
| Operating profit (loss) | 9901 | €121,405 | €148,349 | +€26,944 | +22.2% |
| Financial charges | 65/66B | €4,074 | €2,817 | -€1,257 | -30.9% |
| Recurring financial charges | 65 | €4,074 | €2,817 | -€1,257 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €117,331 | €145,532 | +€28,201 | +24.0% |
| Income taxes | 67/77 | €26,008 | €31,856 | +€5,849 | +22.5% |
| Profit (loss) for the period | 9904 | €91,323 | €113,676 | +€22,352 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,323 | €113,676 | +€22,352 | +24.5% |
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.