Dr. Catya Franssen: what changed
Dr. Catya Franssen
Largest movements
- Cash +€47,615
up €47,615 (+57.1%), from €83,341 to €130,956
mainly Net result for the year (+€58,523) and Depreciation (+€3,422)
- Tangible fixed assets -€3,422
down €3,422 (-26.1%), from €13,117 to €9,695
of which Land and buildings: -€2,407
- Receivables within one year +€1,748
up €1,748 (+141%), from €1,244 to €2,991
- Reserves +€58,523
up €58,523 (+98.5%), from €59,397 to €117,920
- Tax, wage and social debts -€6,047
down €6,047 (-41.8%), from €14,463 to €8,416
- Debts after one year -€4,750
down €4,750 (-35.3%), from €13,458 to €8,708
- Gross operating margin +€4,814
up €4,814 (+6.3%), from €76,755 to €81,569
- Financial charges +€2,173
up €2,173 (+163%), from €1,332 to €3,505
- Taxes +€961
up €961 (+6.6%), from €14,463 to €15,424
Change in the result, 2024 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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,937 | €146,758 | +€46,821 | +46.9% |
| Fixed assets | 21/28 | €13,117 | €9,695 | -€3,422 | -26.1% |
| Tangible fixed assets | 22/27 | €13,117 | €9,695 | -€3,422 | -26.1% |
| Land and buildings | 22 | €9,041 | €6,634 | -€2,407 | -26.6% |
| Plant, machinery and equipment | 23 | €4,076 | €3,062 | -€1,014 | -24.9% |
| Current assets | 29/58 | €86,820 | €137,062 | +€50,243 | +57.9% |
| Amounts receivable within one year | 40/41 | €1,244 | €2,991 | +€1,748 | +141% |
| Other amounts receivable | 41 | €1,244 | €2,991 | +€1,748 | +141% |
| Cash at bank and in hand | 54/58 | €83,341 | €130,956 | +€47,615 | +57.1% |
| Deferred charges and accrued income | 490/1 | €2,235 | €3,115 | +€880 | +39.4% |
| Total equity and liabilities | 10/49 | €99,937 | €146,758 | +€46,821 | +46.9% |
| Equity | 10/15 | €65,397 | €123,920 | +€58,523 | +89.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €59,397 | €117,920 | +€58,523 | +98.5% |
| Distributable reserves | 133 | €59,397 | €117,920 | +€58,523 | +98.5% |
| Amounts payable | 17/49 | €34,540 | €22,838 | -€11,702 | -33.9% |
| Amounts payable after more than one year | 17 | €13,458 | €8,708 | -€4,750 | -35.3% |
| Financial debts | 170/4 | €13,458 | €8,708 | -€4,750 | -35.3% |
| Amounts payable within one year | 42/48 | €21,082 | €14,129 | -€6,952 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €4,750 | €4,750 | = | 0.0% |
| Trade debts | 44 | €954 | €799 | -€155 | -16.3% |
| Suppliers | 440/4 | €954 | €799 | -€155 | -16.3% |
| Taxes, remuneration and social security | 45 | €14,463 | €8,416 | -€6,047 | -41.8% |
| Taxes | 450/3 | €14,463 | €8,416 | -€6,047 | -41.8% |
| Other amounts payable | 47/48 | €915 | €165 | -€750 | -82.0% |
| Remuneration, social security and pensions | 62 | €710 | €416 | -€294 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,246 | €3,422 | +€176 | +5.4% |
| Other operating charges | 640/8 | €300 | €306 | +€6 | +2.0% |
| Gross operating margin | 9900 | €76,755 | €81,569 | +€4,814 | +6.3% |
| Operating profit (loss) | 9901 | €72,499 | €77,425 | +€4,926 | +6.8% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €1,332 | €3,505 | +€2,173 | +163% |
| Recurring financial charges | 65 | €1,332 | €3,505 | +€2,173 | +163% |
| Profit (loss) for the period before taxes | 9903 | €71,167 | €73,947 | +€2,779 | +3.9% |
| Income taxes | 67/77 | €14,463 | €15,424 | +€961 | +6.6% |
| Profit (loss) for the period | 9904 | €56,704 | €58,523 | +€1,819 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,704 | €58,523 | +€1,819 | +3.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.