Dr. Céline Nysten: 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. Céline Nysten
Largest movements
- Deferred charges and accrued income -€16,990
down €16,990 (-32.5%), from €52,230 to €35,241
- Cash +€11,525
up €11,525 (+239%), from €4,827 to €16,351
mainly Net result for the year (+€72,910) and Deferred charges and accrued income (+€16,990)
- Tangible fixed assets -€11,160
down €11,160 (-26.5%), from €42,116 to €30,956
of which Furniture and vehicles: -€10,634
- Other debts -€14,967
down €14,967 (-15.6%), from €96,040 to €81,073
- Tax, wage and social debts -€2,608
down €2,608 (-86.0%), from €3,034 to €426
- Gross operating margin -€12,874
down €12,874 (-10.4%), from €123,881 to €111,007
- Taxes +€1,392
up €1,392 (+5.8%), from €24,034 to €25,426
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 | €99,173 | €82,549 | -€16,625 | -16.8% |
| Fixed assets | 21/28 | €42,116 | €30,956 | -€11,160 | -26.5% |
| Tangible fixed assets | 22/27 | €42,116 | €30,956 | -€11,160 | -26.5% |
| Plant, machinery and equipment | 23 | €2,479 | €1,953 | -€526 | -21.2% |
| Furniture and vehicles | 24 | €39,637 | €29,003 | -€10,634 | -26.8% |
| Current assets | 29/58 | €57,057 | €51,592 | -€5,465 | -9.6% |
| Cash at bank and in hand | 54/58 | €4,827 | €16,351 | +€11,525 | +239% |
| Deferred charges and accrued income | 490/1 | €52,230 | €35,241 | -€16,990 | -32.5% |
| Total equity and liabilities | 10/49 | €99,173 | €82,549 | -€16,625 | -16.8% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €99,073 | €82,449 | -€16,625 | -16.8% |
| Amounts payable within one year | 42/48 | €99,073 | €82,449 | -€16,625 | -16.8% |
| Trade debts | 44 | - | €950 | +€950 | |
| Suppliers | 440/4 | - | €950 | +€950 | |
| Taxes, remuneration and social security | 45 | €3,034 | €426 | -€2,608 | -86.0% |
| Taxes | 450/3 | €3,034 | €426 | -€2,608 | -86.0% |
| Other amounts payable | 47/48 | €96,040 | €81,073 | -€14,967 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,786 | €11,160 | +€374 | +3.5% |
| Other operating charges | 640/8 | €196 | €1,360 | +€1,164 | +593% |
| Gross operating margin | 9900 | €123,881 | €111,007 | -€12,874 | -10.4% |
| Operating profit (loss) | 9901 | €112,898 | €98,486 | -€14,412 | -12.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €112,763 | €98,336 | -€14,427 | -12.8% |
| Income taxes | 67/77 | €24,034 | €25,426 | +€1,392 | +5.8% |
| Profit (loss) for the period | 9904 | €88,730 | €72,910 | -€15,819 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,730 | €72,910 | -€15,819 | -17.8% |
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 20 October 2026 via checked.be.