DR. B. VAN LOOY: 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. VAN LOOY
Largest movements
- Current investments +€178,753
up €178,753 (+16.4%), from €1.1m to €1.3m
- Cash +€22,449
up €22,449 (+230%), from €9,766 to €32,215
mainly Net result for the year (+€212,794) and Tax, wage and social debts (+€33,889)
- Receivables within one year -€18,933
down €18,933 (-84.4%), from €22,426 to €3,493
of which Other amounts receivable: -€22,135
- Tangible fixed assets -€15,066
down €15,066 (-38.1%), from €39,557 to €24,491
of which Furniture and vehicles: -€13,967
- Reserves +€119,700
up €119,700 (+11.8%), from €1.0m to €1.1m
- Tax, wage and social debts +€33,889
up €33,889 (+74.2%), from €45,676 to €79,565
of which Taxes: +€33,724
- Gross operating margin -€7,674
down €7,674 (-2.1%), from €367,062 to €359,388
- Financial income +€6,840
up €6,840 (+38.9%), from €17,588 to €24,428
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 | €1,166,885 | €1,331,126 | +€164,241 | +14.1% |
| Fixed assets | 21/28 | €39,557 | €24,491 | -€15,066 | -38.1% |
| Tangible fixed assets | 22/27 | €39,557 | €24,491 | -€15,066 | -38.1% |
| Plant, machinery and equipment | 23 | €1,148 | €49 | -€1,099 | -95.7% |
| Furniture and vehicles | 24 | €38,409 | €24,442 | -€13,967 | -36.4% |
| Current assets | 29/58 | €1,127,328 | €1,306,635 | +€179,307 | +15.9% |
| Amounts receivable within one year | 40/41 | €22,426 | €3,493 | -€18,933 | -84.4% |
| Trade receivables | 40 | €153 | €3,355 | +€3,202 | +2,093% |
| Other amounts receivable | 41 | €22,273 | €138 | -€22,135 | -99.4% |
| Current investments | 50/53 | €1,088,231 | €1,266,984 | +€178,753 | +16.4% |
| Cash at bank and in hand | 54/58 | €9,766 | €32,215 | +€22,449 | +230% |
| Deferred charges and accrued income | 490/1 | €6,905 | €3,943 | -€2,962 | -42.9% |
| Total equity and liabilities | 10/49 | €1,166,885 | €1,331,126 | +€164,241 | +14.1% |
| Equity | 10/15 | €1,035,225 | €1,154,419 | +€119,194 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,014,100 | €1,133,800 | +€119,700 | +11.8% |
| Distributable reserves | 133 | €1,014,100 | €1,133,800 | +€119,700 | +11.8% |
| Profit (loss) carried forward | 14 | €2,525 | €2,019 | -€506 | -20.0% |
| Amounts payable | 17/49 | €131,660 | €176,707 | +€45,047 | +34.2% |
| Amounts payable within one year | 42/48 | €131,660 | €176,707 | +€45,047 | +34.2% |
| Trade debts | 44 | €1,684 | €3,542 | +€1,858 | +110% |
| Suppliers | 440/4 | €1,684 | €3,542 | +€1,858 | +110% |
| Taxes, remuneration and social security | 45 | €45,676 | €79,565 | +€33,889 | +74.2% |
| Taxes | 450/3 | €37,758 | €71,482 | +€33,724 | +89.3% |
| Remuneration and social security | 454/9 | €7,918 | €8,083 | +€165 | +2.1% |
| Other amounts payable | 47/48 | €84,300 | €93,600 | +€9,300 | +11.0% |
| Remuneration, social security and pensions | 62 | €46,619 | €46,335 | -€284 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,852 | €15,066 | -€2,786 | -15.6% |
| Other operating charges | 640/8 | €1,457 | €1,484 | +€27 | +1.9% |
| Gross operating margin | 9900 | €367,062 | €359,388 | -€7,674 | -2.1% |
| Operating profit (loss) | 9901 | €301,134 | €296,503 | -€4,631 | -1.5% |
| Financial income | 75/76B | €17,588 | €24,428 | +€6,840 | +38.9% |
| Recurring financial income | 75 | €17,588 | €24,428 | +€6,840 | +38.9% |
| Financial charges | 65/66B | €5,475 | €8,219 | +€2,744 | +50.1% |
| Recurring financial charges | 65 | €5,475 | €8,219 | +€2,744 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €313,247 | €312,712 | -€535 | -0.2% |
| Income taxes | 67/77 | €100,031 | €99,918 | -€113 | -0.1% |
| Profit (loss) for the period | 9904 | €213,216 | €212,794 | -€422 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €213,216 | €212,794 | -€422 | -0.2% |
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 27 October 2026 via checked.be.