Dr. Astrid Meylemans: 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. Astrid Meylemans
Largest movements
- Cash +€221,935
up €221,935 (+71.3%), from €311,161 to €533,096
mainly Other debts (+€185,867) and Net result for the year (+€109,190)
- Current investments -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Deferred charges and accrued income -€6,573
no longer reported in 2025 (was €6,573)
- Other debts +€185,867
up €185,867 (+2,911%), from €6,384 to €192,251
- Reserves -€76,085
down €76,085 (-15.7%), from €485,392 to €409,307
- Gross operating margin +€26,233
up €26,233 (+21.8%), from €120,189 to €146,421
- Financial income -€3,994
down €3,994 (-53.3%), from €7,486 to €3,493
- Taxes +€1,999
up €1,999 (+5.5%), from €36,049 to €38,048
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 | €521,584 | €635,585 | +€114,000 | +21.9% |
| Fixed assets | 21/28 | €3,851 | €2,489 | -€1,362 | -35.4% |
| Tangible fixed assets | 22/27 | €3,851 | €2,489 | -€1,362 | -35.4% |
| Plant, machinery and equipment | 23 | €2,002 | €2,489 | +€487 | +24.3% |
| Furniture and vehicles | 24 | €1,849 | - | -€1,849 | |
| Current assets | 29/58 | €517,734 | €633,096 | +€115,362 | +22.3% |
| Current investments | 50/53 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €311,161 | €533,096 | +€221,935 | +71.3% |
| Deferred charges and accrued income | 490/1 | €6,573 | - | -€6,573 | |
| Total equity and liabilities | 10/49 | €521,584 | €635,585 | +€114,000 | +21.9% |
| Equity | 10/15 | €505,392 | €429,307 | -€76,085 | -15.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €485,392 | €409,307 | -€76,085 | -15.7% |
| Distributable reserves | 133 | €485,392 | €409,307 | -€76,085 | -15.7% |
| Amounts payable | 17/49 | €16,192 | €206,277 | +€190,085 | +1,174% |
| Amounts payable within one year | 42/48 | €15,642 | €206,277 | +€190,635 | +1,219% |
| Trade debts | 44 | €1,774 | €2,257 | +€483 | +27.2% |
| Suppliers | 440/4 | €1,774 | €2,257 | +€483 | +27.2% |
| Taxes, remuneration and social security | 45 | €7,484 | €11,770 | +€4,286 | +57.3% |
| Taxes | 450/3 | €7,484 | €7,484 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €4,286 | +€4,286 | |
| Other amounts payable | 47/48 | €6,384 | €192,251 | +€185,867 | +2,911% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €1,362 | +€393 | +40.5% |
| Other operating charges | 640/8 | €1,123 | €862 | -€260 | -23.2% |
| Gross operating margin | 9900 | €120,189 | €146,421 | +€26,233 | +21.8% |
| Operating profit (loss) | 9901 | €118,097 | €144,197 | +€26,100 | +22.1% |
| Financial income | 75/76B | €7,486 | €3,493 | -€3,994 | -53.3% |
| Recurring financial income | 75 | €7,486 | €3,493 | -€3,994 | -53.3% |
| Financial charges | 65/66B | €648 | €452 | -€196 | -30.2% |
| Recurring financial charges | 65 | €648 | €452 | -€196 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €124,935 | €147,238 | +€22,302 | +17.9% |
| Income taxes | 67/77 | €36,049 | €38,048 | +€1,999 | +5.5% |
| Profit (loss) for the period | 9904 | €88,886 | €109,190 | +€20,304 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,886 | €109,190 | +€20,304 | +22.8% |
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 30 October 2026 via checked.be.