Dr. Carmen Bosmans: 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. Carmen Bosmans
Largest movements
- Current investments +€33,034
up €33,034 (+275%), from €12,000 to €45,034
- Cash +€8,273
up €8,273 (+23.0%), from €35,974 to €44,247
mainly Net result for the year (+€86,427) and Other debts (+€56,437)
- Receivables within one year -€6,221
down €6,221 (-10.1%), from €61,469 to €55,248
- Other debts +€56,437
new in 2025: €56,437
- Tax, wage and social debts -€14,045
down €14,045 (-91.2%), from €15,394 to €1,349
- Profit (loss) carried forward -€9,381
down €9,381 (-9.8%), from €95,808 to €86,427
- Accrued charges and deferred income +€8,930
new in 2025: €8,930
- Trade debts -€7,709
down €7,709 (-86.8%), from €8,886 to €1,177
- Financial income -€4,671
down €4,671 (-65.9%), from €7,083 to €2,412
- Depreciation +€4,145
up €4,145 (+265%), from €1,565 to €5,710
- Gross operating margin +€1,799
up €1,799 (+1.6%), from €111,862 to €113,660
- Taxes -€1,499
down €1,499 (-6.1%), from €24,495 to €22,996
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 | €121,089 | €155,321 | +€34,232 | +28.3% |
| Fixed assets | 21/28 | €9,343 | €9,278 | -€65 | -0.7% |
| Tangible fixed assets | 22/27 | €9,343 | €9,278 | -€65 | -0.7% |
| Furniture and vehicles | 24 | €9,343 | €9,278 | -€65 | -0.7% |
| Current assets | 29/58 | €111,746 | €146,043 | +€34,297 | +30.7% |
| Amounts receivable within one year | 40/41 | €61,469 | €55,248 | -€6,221 | -10.1% |
| Other amounts receivable | 41 | €61,469 | €55,248 | -€6,221 | -10.1% |
| Current investments | 50/53 | €12,000 | €45,034 | +€33,034 | +275% |
| Cash at bank and in hand | 54/58 | €35,974 | €44,247 | +€8,273 | +23.0% |
| Deferred charges and accrued income | 490/1 | €2,303 | €1,514 | -€788 | -34.2% |
| Total equity and liabilities | 10/49 | €121,089 | €155,321 | +€34,232 | +28.3% |
| Equity | 10/15 | €96,808 | €87,427 | -€9,381 | -9.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,808 | €86,427 | -€9,381 | -9.8% |
| Amounts payable | 17/49 | €24,281 | €67,894 | +€43,613 | +180% |
| Amounts payable within one year | 42/48 | €24,281 | €58,963 | +€34,683 | +143% |
| Trade debts | 44 | €8,886 | €1,177 | -€7,709 | -86.8% |
| Suppliers | 440/4 | €8,886 | €1,177 | -€7,709 | -86.8% |
| Taxes, remuneration and social security | 45 | €15,394 | €1,349 | -€14,045 | -91.2% |
| Taxes | 450/3 | €15,394 | €1,349 | -€14,045 | -91.2% |
| Other amounts payable | 47/48 | - | €56,437 | +€56,437 | |
| Accrued charges and deferred income | 492/3 | - | €8,930 | +€8,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €5,710 | +€4,145 | +265% |
| Other operating charges | 640/8 | €764 | €712 | -€53 | -6.9% |
| Gross operating margin | 9900 | €111,862 | €113,660 | +€1,799 | +1.6% |
| Operating profit (loss) | 9901 | €109,532 | €107,238 | -€2,294 | -2.1% |
| Financial income | 75/76B | €7,083 | €2,412 | -€4,671 | -65.9% |
| Recurring financial income | 75 | €7,083 | €2,412 | -€4,671 | -65.9% |
| Financial charges | 65/66B | €232 | €227 | -€5 | -2.3% |
| Recurring financial charges | 65 | €232 | €227 | -€5 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €116,383 | €109,423 | -€6,960 | -6.0% |
| Income taxes | 67/77 | €24,495 | €22,996 | -€1,499 | -6.1% |
| Profit (loss) for the period | 9904 | €91,887 | €86,427 | -€5,460 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,887 | €86,427 | -€5,460 | -5.9% |
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 30 October 2026 via checked.be.