Dr. Casper van der Veer: 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. Casper van der Veer
Largest movements
- Cash +€10,230
up €10,230 (+5.8%), from €176,236 to €186,466
mainly Net result for the year (+€196,972) and Tax, wage and social debts (+€10,083)
- Tangible fixed assets +€6,616
up €6,616 (+33.6%), from €19,703 to €26,319
of which Other tangible fixed assets: +€7,297
- Receivables within one year +€5,327
new in 2025: €5,327
of which Other amounts receivable: +€4,700
- Receivables after one year +€2,648
new in 2025: €2,648
- Reserves +€170,000
new in 2025: €170,000
- Other debts -€152,781
down €152,781 (-85.0%), from €179,753 to €26,972
- Tax, wage and social debts +€10,083
up €10,083 (+133%), from €7,574 to €17,657
- Trade debts -€2,351
down €2,351 (-38.9%), from €6,046 to €3,695
- Gross operating margin +€24,959
up €24,959 (+10.2%), from €244,349 to €269,308
- Taxes +€7,083
up €7,083 (+12.3%), from €57,574 to €64,657
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 | €197,373 | €222,324 | +€24,951 | +12.6% |
| Fixed assets | 21/28 | €19,703 | €26,319 | +€6,616 | +33.6% |
| Tangible fixed assets | 22/27 | €19,703 | €26,319 | +€6,616 | +33.6% |
| Plant, machinery and equipment | 23 | €867 | - | -€867 | |
| Furniture and vehicles | 24 | €5,416 | €5,602 | +€187 | +3.4% |
| Other tangible fixed assets | 26 | €13,420 | €20,716 | +€7,297 | +54.4% |
| Current assets | 29/58 | €177,670 | €196,006 | +€18,336 | +10.3% |
| Amounts receivable after more than one year | 29 | - | €2,648 | +€2,648 | |
| Other amounts receivable | 291 | - | €2,648 | +€2,648 | |
| Amounts receivable within one year | 40/41 | - | €5,327 | +€5,327 | |
| Trade receivables | 40 | - | €627 | +€627 | |
| Other amounts receivable | 41 | - | €4,700 | +€4,700 | |
| Cash at bank and in hand | 54/58 | €176,236 | €186,466 | +€10,230 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,564 | +€130 | +9.1% |
| Total equity and liabilities | 10/49 | €197,373 | €222,324 | +€24,951 | +12.6% |
| Equity | 10/15 | €4,000 | €174,000 | +€170,000 | +4,250% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €170,000 | +€170,000 | |
| Distributable reserves | 133 | - | €170,000 | +€170,000 | |
| Amounts payable | 17/49 | €193,373 | €48,324 | -€145,049 | -75.0% |
| Amounts payable within one year | 42/48 | €193,373 | €48,324 | -€145,049 | -75.0% |
| Trade debts | 44 | €6,046 | €3,695 | -€2,351 | -38.9% |
| Suppliers | 440/4 | €6,046 | €3,695 | -€2,351 | -38.9% |
| Taxes, remuneration and social security | 45 | €7,574 | €17,657 | +€10,083 | +133% |
| Taxes | 450/3 | €7,574 | €17,657 | +€10,083 | +133% |
| Other amounts payable | 47/48 | €179,753 | €26,972 | -€152,781 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €6,013 | -€291 | -4.6% |
| Other operating charges | 640/8 | €1,844 | €1,273 | -€571 | -31.0% |
| Gross operating margin | 9900 | €244,349 | €269,308 | +€24,959 | +10.2% |
| Operating profit (loss) | 9901 | €236,202 | €262,023 | +€25,820 | +10.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €377 | €393 | +€16 | +4.2% |
| Recurring financial charges | 65 | €377 | €393 | +€16 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €235,825 | €261,630 | +€25,804 | +10.9% |
| Income taxes | 67/77 | €57,574 | €64,657 | +€7,083 | +12.3% |
| Profit (loss) for the period | 9904 | €178,251 | €196,972 | +€18,721 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €178,251 | €196,972 | +€18,721 | +10.5% |
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 28 October 2026 via checked.be.