Dr. Bart Van den Broeck: what changed
Dr. Bart Van den Broeck
Largest movements
- Cash +€30,910
up €30,910 (+34.2%), from €90,366 to €121,276
mainly Net result for the year (+€131,914) and Other debts (+€36,713)
- Receivables within one year -€7,945
down €7,945 (-71.3%), from €11,143 to €3,198
of which Other amounts receivable: -€10,322
- Deferred charges and accrued income -€2,027
down €2,027 (-60.2%), from €3,368 to €1,341
- Tangible fixed assets -€1,297
down €1,297 (-100%), from €1,297 to €0
- Other debts +€36,713
up €36,713 (+48.2%), from €76,173 to €112,886
- Tax, wage and social debts -€10,948
down €10,948 (-69.9%), from €15,665 to €4,718
- Trade debts -€3,784
down €3,784 (-66.0%), from €5,733 to €1,949
- Accrued charges and deferred income -€1,264
down €1,264 (-100%), from €1,264 to €0
- Gross operating margin +€48,554
up €48,554 (+38.6%), from €125,833 to €174,387
- Taxes +€15,703
up €15,703 (+63.6%), from €24,678 to €40,381
- Depreciation -€13,194
down €13,194 (-91.1%), from €14,491 to €1,297
- Financial charges -€2,060
down €2,060 (-93.2%), from €2,211 to €151
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 | €106,173 | €125,815 | +€19,642 | +18.5% |
| Fixed assets | 21/28 | €1,297 | €0 | -€1,297 | -100% |
| Tangible fixed assets | 22/27 | €1,297 | €0 | -€1,297 | -100% |
| Furniture and vehicles | 24 | €1,297 | €0 | -€1,297 | -100% |
| Current assets | 29/58 | €104,877 | €125,815 | +€20,938 | +20.0% |
| Amounts receivable within one year | 40/41 | €11,143 | €3,198 | -€7,945 | -71.3% |
| Trade receivables | 40 | €820 | €3,198 | +€2,377 | +290% |
| Other amounts receivable | 41 | €10,322 | €0 | -€10,322 | -100% |
| Cash at bank and in hand | 54/58 | €90,366 | €121,276 | +€30,910 | +34.2% |
| Deferred charges and accrued income | 490/1 | €3,368 | €1,341 | -€2,027 | -60.2% |
| Total equity and liabilities | 10/49 | €106,173 | €125,815 | +€19,642 | +18.5% |
| Equity | 10/15 | €6,262 | €6,262 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €262 | €262 | = | 0.0% |
| Distributable reserves | 133 | €262 | €262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,911 | €119,553 | +€19,642 | +19.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €98,647 | €119,553 | +€20,906 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €1,075 | €0 | -€1,075 | -100% |
| Trade debts | 44 | €5,733 | €1,949 | -€3,784 | -66.0% |
| Suppliers | 440/4 | €5,733 | €1,949 | -€3,784 | -66.0% |
| Taxes, remuneration and social security | 45 | €15,665 | €4,718 | -€10,948 | -69.9% |
| Taxes | 450/3 | €15,665 | €4,718 | -€10,948 | -69.9% |
| Other amounts payable | 47/48 | €76,173 | €112,886 | +€36,713 | +48.2% |
| Accrued charges and deferred income | 492/3 | €1,264 | €0 | -€1,264 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,491 | €1,297 | -€13,194 | -91.1% |
| Other operating charges | 640/8 | €630 | €645 | +€15 | +2.3% |
| Gross operating margin | 9900 | €125,833 | €174,387 | +€48,554 | +38.6% |
| Operating profit (loss) | 9901 | €110,711 | €172,445 | +€61,734 | +55.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -82.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -82.6% |
| Financial charges | 65/66B | €2,211 | €151 | -€2,060 | -93.2% |
| Recurring financial charges | 65 | €2,211 | €151 | -€2,060 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €108,501 | €172,294 | +€63,794 | +58.8% |
| Income taxes | 67/77 | €24,678 | €40,381 | +€15,703 | +63.6% |
| Profit (loss) for the period | 9904 | €83,823 | €131,914 | +€48,091 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,823 | €131,914 | +€48,091 | +57.4% |
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.