Dr. C. Van Dijck: 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. C. Van Dijck
Largest movements
- Cash -€159,313
down €159,313 (-45.5%), from €349,909 to €190,596
mainly Contributions, distributions and other (-€1.2m) and Deferred charges and accrued income (-€3,916)
- Tangible fixed assets -€38,908
down €38,908 (-35.9%), from €108,492 to €69,585
of which Furniture and vehicles: -€31,668
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Reserves -€738,768
down €738,768 (-99.8%), from €740,072 to €1,304
- Other debts +€523,830
up €523,830 (+12,236%), from €4,281 to €528,111
- Gross operating margin -€171,531
down €171,531 (-21.6%), from €792,683 to €621,152
- Taxes -€43,943
down €43,943 (-23.6%), from €186,225 to €142,283
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 | €768,417 | €556,682 | -€211,735 | -27.6% |
| Fixed assets | 21/28 | €108,492 | €69,585 | -€38,908 | -35.9% |
| Tangible fixed assets | 22/27 | €108,492 | €69,585 | -€38,908 | -35.9% |
| Plant, machinery and equipment | 23 | €17,372 | €10,132 | -€7,240 | -41.7% |
| Furniture and vehicles | 24 | €91,121 | €59,453 | -€31,668 | -34.8% |
| Current assets | 29/58 | €659,924 | €487,097 | -€172,828 | -26.2% |
| Amounts receivable within one year | 40/41 | - | €2,570 | +€2,570 | |
| Other amounts receivable | 41 | - | €2,570 | +€2,570 | |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €349,909 | €190,596 | -€159,313 | -45.5% |
| Deferred charges and accrued income | 490/1 | €290,015 | €293,931 | +€3,916 | +1.4% |
| Total equity and liabilities | 10/49 | €768,417 | €556,682 | -€211,735 | -27.6% |
| Equity | 10/15 | €749,072 | €10,304 | -€738,768 | -98.6% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €740,072 | €1,304 | -€738,768 | -99.8% |
| Distributable reserves | 133 | €740,072 | €1,304 | -€738,768 | -99.8% |
| Amounts payable | 17/49 | €19,344 | €546,378 | +€527,033 | +2,724% |
| Amounts payable within one year | 42/48 | €18,507 | €545,540 | +€527,033 | +2,848% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €1 | €3,203 | +€3,202 | +323,385% |
| Suppliers | 440/4 | €1 | €3,203 | +€3,202 | +323,385% |
| Taxes, remuneration and social security | 45 | €14,225 | €14,225 | = | 0.0% |
| Taxes | 450/3 | €14,225 | €14,225 | = | 0.0% |
| Other amounts payable | 47/48 | €4,281 | €528,111 | +€523,830 | +12,236% |
| Accrued charges and deferred income | 492/3 | €837 | €838 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,560 | €38,908 | +€348 | +0.9% |
| Other operating charges | 640/8 | €697 | €707 | +€10 | +1.4% |
| Gross operating margin | 9900 | €792,683 | €621,152 | -€171,531 | -21.6% |
| Operating profit (loss) | 9901 | €753,426 | €581,537 | -€171,889 | -22.8% |
| Financial income | 75/76B | €747 | €2,221 | +€1,474 | +197% |
| Recurring financial income | 75 | €747 | €2,221 | +€1,474 | +197% |
| Financial charges | 65/66B | €173 | €244 | +€72 | +41.4% |
| Recurring financial charges | 65 | €173 | €244 | +€72 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €754,001 | €583,514 | -€170,486 | -22.6% |
| Income taxes | 67/77 | €186,225 | €142,283 | -€43,943 | -23.6% |
| Profit (loss) for the period | 9904 | €567,776 | €441,232 | -€126,544 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €567,776 | €441,232 | -€126,544 | -22.3% |
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 19 October 2026 via checked.be.