Dr. Charlotte Celis: what changed
Dr. Charlotte Celis
Largest movements
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Current investments -€23,918
down €23,918 (-23.8%), from €100,500 to €76,582
- Cash +€19,084
up €19,084 (+16.2%), from €118,087 to €137,171
mainly Other debts (+€120,717) and Net result for the year (+€115,513)
- Receivables within one year -€12,192
down €12,192 (-79.3%), from €15,371 to €3,179
of which Other amounts receivable: -€9,686
- Tangible fixed assets -€5,843
down €5,843 (-57.4%), from €10,187 to €4,344
- Reserves -€191,848
down €191,848 (-66.5%), from €288,705 to €96,857
- Other debts +€120,717
new in 2025: €120,717
- Tax, wage and social debts -€4,536
down €4,536 (-58.7%), from €7,722 to €3,185
- Trade debts +€3,367
up €3,367 (+3,631%), from €93 to €3,460
- Gross operating margin +€18,535
up €18,535 (+13.8%), from €134,556 to €153,091
- Taxes +€4,490
up €4,490 (+15.3%), from €29,272 to €33,762
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 | €299,519 | €227,220 | -€72,300 | -24.1% |
| Fixed assets | 21/28 | €10,187 | €4,344 | -€5,843 | -57.4% |
| Tangible fixed assets | 22/27 | €10,187 | €4,344 | -€5,843 | -57.4% |
| Furniture and vehicles | 24 | €10,187 | €4,344 | -€5,843 | -57.4% |
| Current assets | 29/58 | €289,332 | €222,875 | -€66,457 | -23.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,371 | €3,179 | -€12,192 | -79.3% |
| Trade receivables | 40 | €5,685 | €3,179 | -€2,507 | -44.1% |
| Other amounts receivable | 41 | €9,686 | €0 | -€9,686 | -100% |
| Current investments | 50/53 | €100,500 | €76,582 | -€23,918 | -23.8% |
| Cash at bank and in hand | 54/58 | €118,087 | €137,171 | +€19,084 | +16.2% |
| Deferred charges and accrued income | 490/1 | €5,374 | €5,944 | +€570 | +10.6% |
| Total equity and liabilities | 10/49 | €299,519 | €227,220 | -€72,300 | -24.1% |
| Equity | 10/15 | €291,705 | €99,857 | -€191,848 | -65.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €288,705 | €96,857 | -€191,848 | -66.5% |
| Distributable reserves | 133 | €288,705 | €96,857 | -€191,848 | -66.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,815 | €127,363 | +€119,548 | +1,530% |
| Amounts payable within one year | 42/48 | €7,815 | €127,363 | +€119,548 | +1,530% |
| Trade debts | 44 | €93 | €3,460 | +€3,367 | +3,631% |
| Suppliers | 440/4 | €93 | €3,460 | +€3,367 | +3,631% |
| Taxes, remuneration and social security | 45 | €7,722 | €3,185 | -€4,536 | -58.7% |
| Taxes | 450/3 | €7,722 | €3,185 | -€4,536 | -58.7% |
| Other amounts payable | 47/48 | - | €120,717 | +€120,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,822 | €5,843 | +€21 | +0.4% |
| Other operating charges | 640/8 | €495 | €828 | +€333 | +67.2% |
| Gross operating margin | 9900 | €134,556 | €153,091 | +€18,535 | +13.8% |
| Operating profit (loss) | 9901 | €128,239 | €146,420 | +€18,180 | +14.2% |
| Financial income | 75/76B | €3,071 | €3,017 | -€53 | -1.7% |
| Recurring financial income | 75 | €3,071 | €3,017 | -€53 | -1.7% |
| Financial charges | 65/66B | €39 | €162 | +€123 | +315% |
| Recurring financial charges | 65 | €39 | €162 | +€123 | +315% |
| Profit (loss) for the period before taxes | 9903 | €131,271 | €149,275 | +€18,004 | +13.7% |
| Income taxes | 67/77 | €29,272 | €33,762 | +€4,490 | +15.3% |
| Profit (loss) for the period | 9904 | €101,999 | €115,513 | +€13,514 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,999 | €115,513 | +€13,514 | +13.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.