Dr. B. De Bisschop: 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. B. De Bisschop
Largest movements
- Cash +€114,378
up €114,378 (+85.5%), from €133,814 to €248,192
mainly Net result for the year (+€111,406) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€64,259
up €64,259 (+1,057%), from €6,081 to €70,340
- Deferred charges and accrued income +€27,563
up €27,563 (+539%), from €5,110 to €32,673
- Receivables within one year +€9,754
new in 2025: €9,754
- Reserves +€111,406
up €111,406 (+52.2%), from €213,572 to €324,978
- Tax, wage and social debts +€7,333
up €7,333 (+30.0%), from €24,463 to €31,796
- Gross operating margin +€36,274
up €36,274 (+31.1%), from €116,793 to €153,067
- Taxes +€8,155
up €8,155 (+33.3%), from €24,463 to €32,618
- Depreciation +€4,920
up €4,920 (+81.4%), from €6,041 to €10,961
- Financial income +€2,740
new in 2025: €2,740
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 | €245,005 | €360,959 | +€115,955 | +47.3% |
| Fixed assets | 21/28 | €6,081 | €70,340 | +€64,259 | +1,057% |
| Tangible fixed assets | 22/27 | €6,081 | €70,340 | +€64,259 | +1,057% |
| Furniture and vehicles | 24 | €6,081 | €70,340 | +€64,259 | +1,057% |
| Current assets | 29/58 | €238,924 | €290,619 | +€51,696 | +21.6% |
| Amounts receivable within one year | 40/41 | - | €9,754 | +€9,754 | |
| Trade receivables | 40 | - | €9,754 | +€9,754 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €133,814 | €248,192 | +€114,378 | +85.5% |
| Deferred charges and accrued income | 490/1 | €5,110 | €32,673 | +€27,563 | +539% |
| Total equity and liabilities | 10/49 | €245,005 | €360,959 | +€115,955 | +47.3% |
| Equity | 10/15 | €216,072 | €327,478 | +€111,406 | +51.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €213,572 | €324,978 | +€111,406 | +52.2% |
| Distributable reserves | 133 | €213,572 | €324,978 | +€111,406 | +52.2% |
| Amounts payable | 17/49 | €28,932 | €33,481 | +€4,549 | +15.7% |
| Amounts payable within one year | 42/48 | €28,932 | €33,481 | +€4,549 | +15.7% |
| Trade debts | 44 | €339 | €284 | -€55 | -16.3% |
| Suppliers | 440/4 | €339 | €284 | -€55 | -16.3% |
| Taxes, remuneration and social security | 45 | €24,463 | €31,796 | +€7,333 | +30.0% |
| Taxes | 450/3 | €24,463 | €31,796 | +€7,333 | +30.0% |
| Other amounts payable | 47/48 | €4,130 | €1,401 | -€2,728 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,041 | €10,961 | +€4,920 | +81.4% |
| Other operating charges | 640/8 | €808 | €778 | -€31 | -3.8% |
| Gross operating margin | 9900 | €116,793 | €153,067 | +€36,274 | +31.1% |
| Operating profit (loss) | 9901 | €109,944 | €141,328 | +€31,384 | +28.5% |
| Financial income | 75/76B | - | €2,740 | +€2,740 | |
| Recurring financial income | 75 | - | €2,740 | +€2,740 | |
| Financial charges | 65/66B | €71 | €45 | -€26 | -36.4% |
| Recurring financial charges | 65 | €71 | €45 | -€26 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €109,874 | €144,024 | +€34,150 | +31.1% |
| Income taxes | 67/77 | €24,463 | €32,618 | +€8,155 | +33.3% |
| Profit (loss) for the period | 9904 | €85,410 | €111,406 | +€25,995 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,410 | €111,406 | +€25,995 | +30.4% |
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 29 October 2026 via checked.be.