DR. BARBARA VERSYCK: 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. BARBARA VERSYCK
Largest movements
- Tangible fixed assets -€13,802
down €13,802 (-68.2%), from €20,227 to €6,424
of which Furniture and vehicles: -€11,219
- Cash +€8,055
up €8,055 (+6.6%), from €122,207 to €130,262
mainly Net result for the year (+€189,198) and Depreciation (+€13,802)
- Receivables within one year +€4,935
up €4,935 (+4,901%), from €101 to €5,036
- Tax, wage and social debts -€5,358
down €5,358 (-35.4%), from €15,136 to €9,778
- Other debts +€2,858
up €2,858 (+1.3%), from €213,316 to €216,174
No income-statement line moved by more than 1% of the activity.
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 | €230,952 | €228,453 | -€2,500 | -1.1% |
| Fixed assets | 21/28 | €20,227 | €6,424 | -€13,802 | -68.2% |
| Tangible fixed assets | 22/27 | €20,227 | €6,424 | -€13,802 | -68.2% |
| Land and buildings | 22 | €2,917 | €334 | -€2,583 | -88.6% |
| Furniture and vehicles | 24 | €17,310 | €6,091 | -€11,219 | -64.8% |
| Current assets | 29/58 | €210,725 | €222,028 | +€11,303 | +5.4% |
| Amounts receivable within one year | 40/41 | €101 | €5,036 | +€4,935 | +4,901% |
| Trade receivables | 40 | €101 | €5,036 | +€4,935 | +4,901% |
| Cash at bank and in hand | 54/58 | €122,207 | €130,262 | +€8,055 | +6.6% |
| Deferred charges and accrued income | 490/1 | €88,417 | €86,731 | -€1,687 | -1.9% |
| Total equity and liabilities | 10/49 | €230,952 | €228,453 | -€2,500 | -1.1% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €228,452 | €225,953 | -€2,500 | -1.1% |
| Amounts payable within one year | 42/48 | €228,452 | €225,953 | -€2,500 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,136 | €9,778 | -€5,358 | -35.4% |
| Taxes | 450/3 | €15,136 | €9,778 | -€5,358 | -35.4% |
| Other amounts payable | 47/48 | €213,316 | €216,174 | +€2,858 | +1.3% |
| Remuneration, social security and pensions | 62 | €580 | €1,601 | +€1,021 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,038 | €13,802 | -€236 | -1.7% |
| Other operating charges | 640/8 | €1,466 | €1,440 | -€26 | -1.8% |
| Gross operating margin | 9900 | €263,615 | €263,304 | -€311 | -0.1% |
| Operating profit (loss) | 9901 | €247,531 | €246,460 | -€1,070 | -0.4% |
| Financial income | 75/76B | €1 | €5 | +€4 | +529% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +529% |
| Financial charges | 65/66B | €71 | €54 | -€17 | -24.3% |
| Recurring financial charges | 65 | €71 | €54 | -€17 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €247,460 | €246,412 | -€1,049 | -0.4% |
| Income taxes | 67/77 | €57,511 | €57,213 | -€298 | -0.5% |
| Profit (loss) for the period | 9904 | €189,949 | €189,198 | -€751 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,949 | €189,198 | -€751 | -0.4% |
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 19 October 2026 via checked.be.