Dr. Brigitte Steyaert: 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. Brigitte Steyaert
Largest movements
- Cash -€18,131
down €18,131 (-11.0%), from €165,249 to €147,119
mainly Other debts (-€36,900) and Deferred charges and accrued income (-€1,244)
- Tangible fixed assets -€6,464
down €6,464 (-87.9%), from €7,352 to €888
of which Furniture and vehicles: -€6,464
- Other debts -€36,900
down €36,900 (-70.5%), from €52,351 to €15,451
- Reserves +€15,466
up €15,466 (+16.2%), from €95,707 to €111,173
- Gross operating margin -€1,506
down €1,506 (-4.1%), from €36,954 to €35,448
- Other operating charges +€1,149
up €1,149 (+55.1%), from €2,086 to €3,235
- Taxes -€702
down €702 (-7.2%), from €9,715 to €9,013
- Financial charges -€503
down €503 (-21.0%), from €2,395 to €1,891
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 | €173,739 | €150,389 | -€23,351 | -13.4% |
| Fixed assets | 21/28 | €7,352 | €888 | -€6,464 | -87.9% |
| Tangible fixed assets | 22/27 | €7,352 | €888 | -€6,464 | -87.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €7,352 | €888 | -€6,464 | -87.9% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €166,387 | €149,501 | -€16,887 | -10.1% |
| Cash at bank and in hand | 54/58 | €165,249 | €147,119 | -€18,131 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,138 | €2,382 | +€1,244 | +109% |
| Total equity and liabilities | 10/49 | €173,739 | €150,389 | -€23,351 | -13.4% |
| Equity | 10/15 | €115,599 | €131,065 | +€15,466 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,707 | €111,173 | +€15,466 | +16.2% |
| Distributable reserves | 133 | €95,707 | €111,173 | +€15,466 | +16.2% |
| Profit (loss) carried forward | 14 | €1,292 | €1,292 | = | 0.0% |
| Amounts payable | 17/49 | €58,141 | €19,324 | -€38,817 | -66.8% |
| Amounts payable within one year | 42/48 | €58,141 | €19,324 | -€38,817 | -66.8% |
| Trade debts | 44 | €3,474 | €2,492 | -€982 | -28.3% |
| Suppliers | 440/4 | €3,474 | €2,492 | -€982 | -28.3% |
| Taxes, remuneration and social security | 45 | €2,315 | €1,381 | -€935 | -40.4% |
| Taxes | 450/3 | €2,315 | €1,381 | -€935 | -40.4% |
| Other amounts payable | 47/48 | €52,351 | €15,451 | -€36,900 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €6,464 | = | 0.0% |
| Other operating charges | 640/8 | €2,086 | €3,235 | +€1,149 | +55.1% |
| Gross operating margin | 9900 | €36,954 | €35,448 | -€1,506 | -4.1% |
| Operating profit (loss) | 9901 | €28,404 | €25,749 | -€2,655 | -9.3% |
| Financial income | 75/76B | €355 | €622 | +€267 | +75.2% |
| Recurring financial income | 75 | €355 | €622 | +€267 | +75.2% |
| Financial charges | 65/66B | €2,395 | €1,891 | -€503 | -21.0% |
| Recurring financial charges | 65 | €2,395 | €1,891 | -€503 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €26,364 | €24,479 | -€1,884 | -7.1% |
| Income taxes | 67/77 | €9,715 | €9,013 | -€702 | -7.2% |
| Profit (loss) for the period | 9904 | €16,649 | €15,466 | -€1,182 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,649 | €15,466 | -€1,182 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.