DR. C. BUELENS: what changed
DR. C. BUELENS
Largest movements
- Current investments +€994,883
up €994,883 (+81.2%), from €1.2m to €2.2m
- Deferred charges and accrued income -€161,990
down €161,990 (-100%), from €161,990 to €0
- Receivables within one year +€111,900
up €111,900 (+719%), from €15,554 to €127,454
- Cash -€111,069
down €111,069 (-38.0%), from €292,351 to €181,282
- Reserves +€881,642
up €881,642 (+54.4%), from €1.6m to €2.5m
- Tax, wage and social debts -€33,396
down €33,396 (-100%), from €33,396 to €0
of which Taxes: -€33,396
- Gross operating margin +€690,181
up €690,181 (+128%), from €538,698 to €1.2m
- Taxes +€229,471
up €229,471 (+123%), from €186,405 to €415,877
- Financial income +€58,012
up €58,012 (+458%), from €12,658 to €70,670
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,696,046 | €2,529,314 | +€833,267 | +49.1% |
| Fixed assets | 21/28 | €457 | €0 | -€457 | -100% |
| Tangible fixed assets | 22/27 | €457 | €0 | -€457 | -100% |
| Furniture and vehicles | 24 | €457 | €0 | -€457 | -100% |
| Current assets | 29/58 | €1,695,589 | €2,529,314 | +€833,725 | +49.2% |
| Amounts receivable within one year | 40/41 | €15,554 | €127,454 | +€111,900 | +719% |
| Other amounts receivable | 41 | €15,554 | €127,454 | +€111,900 | +719% |
| Current investments | 50/53 | €1,225,694 | €2,220,577 | +€994,883 | +81.2% |
| Cash at bank and in hand | 54/58 | €292,351 | €181,282 | -€111,069 | -38.0% |
| Deferred charges and accrued income | 490/1 | €161,990 | €0 | -€161,990 | -100% |
| Total equity and liabilities | 10/49 | €1,696,046 | €2,529,314 | +€833,267 | +49.1% |
| Equity | 10/15 | €1,632,648 | €2,514,291 | +€881,642 | +54.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,620,248 | €2,501,891 | +€881,642 | +54.4% |
| Distributable reserves | 133 | €1,620,248 | €2,501,891 | +€881,642 | +54.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,398 | €15,023 | -€48,375 | -76.3% |
| Amounts payable after more than one year | 17 | €30,002 | €15,023 | -€14,979 | -49.9% |
| Other amounts payable | 178/9 | €30,002 | €15,023 | -€14,979 | -49.9% |
| Amounts payable within one year | 42/48 | €33,396 | €0 | -€33,396 | -100% |
| Taxes, remuneration and social security | 45 | €33,396 | €0 | -€33,396 | -100% |
| Taxes | 450/3 | €33,396 | €0 | -€33,396 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,166 | €457 | -€7,709 | -94.4% |
| Other operating charges | 640/8 | €1,231 | €1,421 | +€189 | +15.4% |
| Gross operating margin | 9900 | €538,698 | €1,228,879 | +€690,181 | +128% |
| Operating profit (loss) | 9901 | €529,300 | €1,227,001 | +€697,701 | +132% |
| Financial income | 75/76B | €12,658 | €70,670 | +€58,012 | +458% |
| Recurring financial income | 75 | €12,658 | €70,670 | +€58,012 | +458% |
| Financial charges | 65/66B | €1,016 | €152 | -€864 | -85.1% |
| Recurring financial charges | 65 | €1,016 | €152 | -€864 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €540,942 | €1,297,519 | +€756,577 | +140% |
| Income taxes | 67/77 | €186,405 | €415,877 | +€229,471 | +123% |
| Profit (loss) for the period | 9904 | €354,537 | €881,642 | +€527,106 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €354,537 | €881,642 | +€527,106 | +149% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.