Dr. Clara Looghe: 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. Clara Looghe
Largest movements
- Deferred charges and accrued income -€12,447
down €12,447 (-70.7%), from €17,614 to €5,167
- Cash +€10,655
up €10,655 (+82.2%), from €12,956 to €23,610
mainly Deferred charges and accrued income (+€12,447) and Net result for the year (+€12,120)
- Reserves +€11,287
up €11,287 (+124%), from €9,121 to €20,408
- Trade debts -€7,893
down €7,893 (-88.5%), from €8,922 to €1,029
- Other debts -€6,033
down €6,033 (-63.3%), from €9,525 to €3,492
- Tax, wage and social debts +€847
up €847 (+29.2%), from €2,902 to €3,749
- Gross operating margin +€3,984
up €3,984 (+30.4%), from €13,107 to €17,091
- Financial charges +€1,116
up €1,116 (+2,753%), from €41 to €1,156
- Taxes +€847
up €847 (+29.2%), from €2,902 to €3,749
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 | €30,569 | €28,777 | -€1,792 | -5.9% |
| Current assets | 29/58 | €30,569 | €28,777 | -€1,792 | -5.9% |
| Cash at bank and in hand | 54/58 | €12,956 | €23,610 | +€10,655 | +82.2% |
| Deferred charges and accrued income | 490/1 | €17,614 | €5,167 | -€12,447 | -70.7% |
| Total equity and liabilities | 10/49 | €30,569 | €28,777 | -€1,792 | -5.9% |
| Equity | 10/15 | €9,221 | €20,508 | +€11,287 | +122% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,121 | €20,408 | +€11,287 | +124% |
| Distributable reserves | 133 | €9,121 | €20,408 | +€11,287 | +124% |
| Amounts payable | 17/49 | €21,348 | €8,269 | -€13,079 | -61.3% |
| Amounts payable within one year | 42/48 | €21,348 | €8,269 | -€13,079 | -61.3% |
| Trade debts | 44 | €8,922 | €1,029 | -€7,893 | -88.5% |
| Suppliers | 440/4 | €8,922 | €1,029 | -€7,893 | -88.5% |
| Taxes, remuneration and social security | 45 | €2,902 | €3,749 | +€847 | +29.2% |
| Taxes | 450/3 | €2,902 | €3,749 | +€847 | +29.2% |
| Other amounts payable | 47/48 | €9,525 | €3,492 | -€6,033 | -63.3% |
| Other operating charges | 640/8 | €184 | €66 | -€119 | -64.3% |
| Gross operating margin | 9900 | €13,107 | €17,091 | +€3,984 | +30.4% |
| Operating profit (loss) | 9901 | €12,922 | €17,025 | +€4,103 | +31.7% |
| Financial charges | 65/66B | €41 | €1,156 | +€1,116 | +2,753% |
| Recurring financial charges | 65 | €41 | €1,156 | +€1,116 | +2,753% |
| Profit (loss) for the period before taxes | 9903 | €12,882 | €15,869 | +€2,987 | +23.2% |
| Income taxes | 67/77 | €2,902 | €3,749 | +€847 | +29.2% |
| Profit (loss) for the period | 9904 | €9,980 | €12,120 | +€2,140 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,980 | €12,120 | +€2,140 | +21.4% |
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.