DR. CHRISTOPHE DE MEESTER: 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. CHRISTOPHE DE MEESTER
Largest movements
- Current investments +€24,087
up €24,087 (+268%), from €9,003 to €33,090
- Cash -€17,936
down €17,936 (-28.6%), from €62,651 to €44,714
mainly Contributions, distributions and other (-€142,293) and Current investments (-€24,087)
- Receivables within one year +€12,347
up €12,347 (+10.1%), from €122,232 to €134,579
of which Trade receivables: +€6,360
- Tangible fixed assets -€11,879
down €11,879 (-100%), from €11,879 to €0
- Other debts +€17,723
up €17,723 (+41.6%), from €42,588 to €60,311
- Reserves -€9,578
down €9,578 (-6.7%), from €142,293 to €132,715
- Financial income -€13,207
down €13,207 (-99.1%), from €13,332 to €125
- Gross operating margin -€4,617
down €4,617 (-2.4%), from €191,723 to €187,106
- Depreciation -€4,421
down €4,421 (-27.1%), from €16,300 to €11,879
- Financial charges -€2,412
down €2,412 (-96.2%), from €2,508 to €96
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 | €207,916 | €215,174 | +€7,258 | +3.5% |
| Fixed assets | 21/28 | €11,879 | €0 | -€11,879 | -100% |
| Tangible fixed assets | 22/27 | €11,879 | €0 | -€11,879 | -100% |
| Furniture and vehicles | 24 | €11,879 | €0 | -€11,879 | -100% |
| Current assets | 29/58 | €196,037 | €215,174 | +€19,137 | +9.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €122,232 | €134,579 | +€12,347 | +10.1% |
| Trade receivables | 40 | €122,232 | €128,592 | +€6,360 | +5.2% |
| Other amounts receivable | 41 | - | €5,987 | +€5,987 | |
| Current investments | 50/53 | €9,003 | €33,090 | +€24,087 | +268% |
| Cash at bank and in hand | 54/58 | €62,651 | €44,714 | -€17,936 | -28.6% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,790 | +€639 | +29.7% |
| Total equity and liabilities | 10/49 | €207,916 | €215,174 | +€7,258 | +3.5% |
| Equity | 10/15 | €147,293 | €137,715 | -€9,578 | -6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,293 | €132,715 | -€9,578 | -6.7% |
| Distributable reserves | 133 | €142,293 | €132,715 | -€9,578 | -6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,623 | €77,459 | +€16,836 | +27.8% |
| Amounts payable within one year | 42/48 | €59,148 | €77,048 | +€17,900 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €368 | €1,178 | +€810 | +220% |
| Suppliers | 440/4 | €368 | €1,178 | +€810 | +220% |
| Taxes, remuneration and social security | 45 | €16,192 | €15,559 | -€632 | -3.9% |
| Taxes | 450/3 | €16,192 | €15,559 | -€632 | -3.9% |
| Other amounts payable | 47/48 | €42,588 | €60,311 | +€17,723 | +41.6% |
| Accrued charges and deferred income | 492/3 | €1,476 | €411 | -€1,064 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,300 | €11,879 | -€4,421 | -27.1% |
| Other operating charges | 640/8 | €1,095 | €991 | -€104 | -9.5% |
| Gross operating margin | 9900 | €191,723 | €187,106 | -€4,617 | -2.4% |
| Operating profit (loss) | 9901 | €174,328 | €174,236 | -€92 | -0.1% |
| Financial income | 75/76B | €13,332 | €125 | -€13,207 | -99.1% |
| Recurring financial income | 75 | €13,332 | €125 | -€13,207 | -99.1% |
| Financial charges | 65/66B | €2,508 | €96 | -€2,412 | -96.2% |
| Recurring financial charges | 65 | €2,508 | €96 | -€2,412 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €185,152 | €174,265 | -€10,887 | -5.9% |
| Income taxes | 67/77 | €42,859 | €41,550 | -€1,309 | -3.1% |
| Profit (loss) for the period | 9904 | €142,293 | €132,715 | -€9,578 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €142,293 | €132,715 | -€9,578 | -6.7% |
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 22 October 2026 via checked.be.