Dr. BART VAN BOSTRAETEN: what changed
Dr. BART VAN BOSTRAETEN
Largest movements
- Cash -€17,249
down €17,249 (-25.4%), from €67,865 to €50,616
mainly Contributions, distributions and other (-€100,677) and Deferred charges and accrued income (-€16,447)
- Deferred charges and accrued income +€16,447
up €16,447 (+271%), from €6,075 to €22,522
- Receivables within one year +€7,512
up €7,512 (+19.8%), from €37,877 to €45,389
of which Other amounts receivable: +€7,472
- Tangible fixed assets -€5,697
down €5,697 (-42.9%), from €13,265 to €7,568
of which Other tangible fixed assets: -€4,002
- Other debts +€4,468
up €4,468 (+4.5%), from €99,770 to €104,238
- Accrued charges and deferred income -€3,867
no longer reported in 2025 (was €3,867)
- Gross operating margin +€51,256
up €51,256 (+59.4%), from €86,361 to €137,617
- Taxes +€12,061
up €12,061 (+77.2%), from €15,616 to €27,676
- Depreciation -€2,024
down €2,024 (-21.7%), from €9,320 to €7,296
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,083 | €126,095 | +€1,013 | +0.8% |
| Fixed assets | 21/28 | €13,265 | €7,568 | -€5,697 | -42.9% |
| Tangible fixed assets | 22/27 | €13,265 | €7,568 | -€5,697 | -42.9% |
| Plant, machinery and equipment | 23 | €81 | - | -€81 | |
| Furniture and vehicles | 24 | €6,158 | €4,544 | -€1,614 | -26.2% |
| Other tangible fixed assets | 26 | €7,026 | €3,024 | -€4,002 | -57.0% |
| Current assets | 29/58 | €111,818 | €118,527 | +€6,710 | +6.0% |
| Amounts receivable within one year | 40/41 | €37,877 | €45,389 | +€7,512 | +19.8% |
| Trade receivables | 40 | - | €40 | +€40 | |
| Other amounts receivable | 41 | €37,877 | €45,349 | +€7,472 | +19.7% |
| Cash at bank and in hand | 54/58 | €67,865 | €50,616 | -€17,249 | -25.4% |
| Deferred charges and accrued income | 490/1 | €6,075 | €22,522 | +€16,447 | +271% |
| Total equity and liabilities | 10/49 | €125,083 | €126,095 | +€1,013 | +0.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €106,483 | €107,495 | +€1,013 | +1.0% |
| Amounts payable within one year | 42/48 | €102,615 | €107,495 | +€4,880 | +4.8% |
| Trade debts | 44 | €2,845 | €3,257 | +€412 | +14.5% |
| Suppliers | 440/4 | €2,845 | €3,257 | +€412 | +14.5% |
| Other amounts payable | 47/48 | €99,770 | €104,238 | +€4,468 | +4.5% |
| Accrued charges and deferred income | 492/3 | €3,867 | - | -€3,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,320 | €7,296 | -€2,024 | -21.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €86,361 | €137,617 | +€51,256 | +59.4% |
| Operating profit (loss) | 9901 | €76,923 | €130,201 | +€53,279 | +69.3% |
| Financial income | 75/76B | €1,000 | - | -€1,000 | |
| Recurring financial income | 75 | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €2,261 | €1,848 | -€413 | -18.3% |
| Recurring financial charges | 65 | €2,261 | €1,848 | -€413 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €75,661 | €128,353 | +€52,692 | +69.6% |
| Income taxes | 67/77 | €15,616 | €27,676 | +€12,061 | +77.2% |
| Profit (loss) for the period | 9904 | €60,046 | €100,677 | +€40,631 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,046 | €100,677 | +€40,631 | +67.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.