Dr. Arno Verleye: 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. Arno Verleye
Largest movements
- Cash +€48,999
up €48,999 (+467%), from €10,491 to €59,490
mainly Net result for the year (+€72,996) and Tax, wage and social debts (+€18,910)
- Current investments +€40,000
new in 2025: €40,000
- Deferred charges and accrued income +€1,516
new in 2025: €1,516
- Reserves +€72,996
up €72,996 (+1,272%), from €5,737 to €78,733
- Tax, wage and social debts +€18,910
up €18,910 (+1,296%), from €1,460 to €20,370
- Gross operating margin +€84,439
up €84,439 (+1,169%), from €7,222 to €91,661
- Taxes +€17,614
up €17,614 (+1,207%), from €1,460 to €19,074
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 | €10,491 | €101,103 | +€90,612 | +864% |
| Current assets | 29/58 | €10,491 | €101,103 | +€90,612 | +864% |
| Amounts receivable within one year | 40/41 | - | €96 | +€96 | |
| Trade receivables | 40 | - | €9 | +€9 | |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €10,491 | €59,490 | +€48,999 | +467% |
| Deferred charges and accrued income | 490/1 | - | €1,516 | +€1,516 | |
| Total equity and liabilities | 10/49 | €10,491 | €101,103 | +€90,612 | +864% |
| Equity | 10/15 | €7,737 | €80,733 | +€72,996 | +943% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,737 | €78,733 | +€72,996 | +1,272% |
| Distributable reserves | 133 | €5,737 | €78,733 | +€72,996 | +1,272% |
| Amounts payable | 17/49 | €2,754 | €20,370 | +€17,616 | +640% |
| Amounts payable within one year | 42/48 | €2,754 | €20,370 | +€17,616 | +640% |
| Trade debts | 44 | €294 | - | -€294 | |
| Suppliers | 440/4 | €294 | - | -€294 | |
| Taxes, remuneration and social security | 45 | €1,460 | €20,370 | +€18,910 | +1,296% |
| Taxes | 450/3 | €1,460 | €20,370 | +€18,910 | +1,296% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €7,222 | €91,661 | +€84,439 | +1,169% |
| Operating profit (loss) | 9901 | €7,222 | €91,541 | +€84,319 | +1,167% |
| Financial income | 75/76B | - | €546 | +€546 | |
| Recurring financial income | 75 | - | €546 | +€546 | |
| Financial charges | 65/66B | €25 | €17 | -€8 | -31.4% |
| Recurring financial charges | 65 | €25 | €17 | -€8 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €7,197 | €92,070 | +€84,873 | +1,179% |
| Income taxes | 67/77 | €1,460 | €19,074 | +€17,614 | +1,207% |
| Profit (loss) for the period | 9904 | €5,737 | €72,996 | +€67,258 | +1,172% |
| Profit (loss) for the period to be appropriated | 9905 | €5,737 | €72,996 | +€67,258 | +1,172% |
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 19 October 2026 via checked.be.