DR. BRECHT DEJAEGHERE: 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. BRECHT DEJAEGHERE
Largest movements
- Cash -€17,080
down €17,080 (-26.3%), from €64,998 to €47,918
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€16,195)
- Receivables within one year +€16,195
up €16,195 (+57.5%), from €28,181 to €44,375
of which Other amounts receivable: +€15,065
- Tangible fixed assets +€2,490
up €2,490 (+28.7%), from €8,678 to €11,168
- Other debts +€8,500
up €8,500 (+15.4%), from €55,250 to €63,750
- Tax, wage and social debts -€6,634
down €6,634 (-30.8%), from €21,537 to €14,902
- Gross operating margin +€13,657
up €13,657 (+15.9%), from €85,753 to €99,409
- Taxes +€2,045
up €2,045 (+11.1%), from €18,502 to €20,547
- Depreciation +€1,538
up €1,538 (+132%), from €1,164 to €2,702
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 | €104,897 | €107,079 | +€2,183 | +2.1% |
| Fixed assets | 21/28 | €8,678 | €11,168 | +€2,490 | +28.7% |
| Tangible fixed assets | 22/27 | €8,678 | €11,168 | +€2,490 | +28.7% |
| Plant, machinery and equipment | 23 | €8,678 | €11,168 | +€2,490 | +28.7% |
| Current assets | 29/58 | €96,218 | €95,911 | -€307 | -0.3% |
| Amounts receivable within one year | 40/41 | €28,181 | €44,375 | +€16,195 | +57.5% |
| Trade receivables | 40 | €3,371 | €4,500 | +€1,130 | +33.5% |
| Other amounts receivable | 41 | €24,810 | €39,875 | +€15,065 | +60.7% |
| Cash at bank and in hand | 54/58 | €64,998 | €47,918 | -€17,080 | -26.3% |
| Deferred charges and accrued income | 490/1 | €3,040 | €3,618 | +€578 | +19.0% |
| Total equity and liabilities | 10/49 | €104,897 | €107,079 | +€2,183 | +2.1% |
| Equity | 10/15 | €3,098 | €3,605 | +€507 | +16.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,098 | €2,605 | +€507 | +24.2% |
| Distributable reserves | 133 | €2,098 | €2,605 | +€507 | +24.2% |
| Amounts payable | 17/49 | €101,799 | €103,474 | +€1,675 | +1.6% |
| Amounts payable within one year | 42/48 | €101,799 | €103,141 | +€1,342 | +1.3% |
| Financial debts | 43 | €25,000 | €23,958 | -€1,042 | -4.2% |
| Credit institutions | 430/8 | €25,000 | €23,958 | -€1,042 | -4.2% |
| Trade debts | 44 | €12 | €530 | +€518 | +4,294% |
| Suppliers | 440/4 | €12 | €530 | +€518 | +4,294% |
| Taxes, remuneration and social security | 45 | €21,537 | €14,902 | -€6,634 | -30.8% |
| Taxes | 450/3 | €21,537 | €14,902 | -€6,634 | -30.8% |
| Other amounts payable | 47/48 | €55,250 | €63,750 | +€8,500 | +15.4% |
| Accrued charges and deferred income | 492/3 | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €2,702 | +€1,538 | +132% |
| Other operating charges | 640/8 | €126 | €351 | +€225 | +178% |
| Gross operating margin | 9900 | €85,753 | €99,409 | +€13,657 | +15.9% |
| Operating profit (loss) | 9901 | €84,462 | €96,357 | +€11,894 | +14.1% |
| Financial charges | 65/66B | €290 | €303 | +€13 | +4.5% |
| Recurring financial charges | 65 | €290 | €303 | +€13 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €84,173 | €96,054 | +€11,881 | +14.1% |
| Income taxes | 67/77 | €18,502 | €20,547 | +€2,045 | +11.1% |
| Profit (loss) for the period | 9904 | €65,671 | €75,507 | +€9,837 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,671 | €75,507 | +€9,837 | +15.0% |
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 24 October 2026 via checked.be.