Dr. Corentin Ameel: 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. Corentin Ameel
Largest movements
- Cash +€50,239
up €50,239 (+117%), from €42,909 to €93,148
mainly Net result for the year (+€86,118) and Other debts (+€38,922)
- Intangible fixed assets -€5,400
down €5,400 (-11.2%), from €48,340 to €42,940
- Tangible fixed assets -€4,807
down €4,807 (-12.1%), from €39,777 to €34,970
of which Other tangible fixed assets: -€3,820
- Receivables within one year +€2,663
up €2,663 (+4,133%), from €64 to €2,727
- Other debts +€38,922
up €38,922 (+144%), from €27,071 to €65,993
- Reserves +€5,975
up €5,975 (+7.5%), from €80,143 to €86,118
- Gross operating margin +€16,633
up €16,633 (+14.7%), from €113,502 to €130,135
- Taxes +€3,523
up €3,523 (+14.3%), from €24,701 to €28,224
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 | €132,448 | €176,645 | +€44,197 | +33.4% |
| Fixed assets | 21/28 | €88,117 | €77,910 | -€10,207 | -11.6% |
| Intangible fixed assets | 21 | €48,340 | €42,940 | -€5,400 | -11.2% |
| Tangible fixed assets | 22/27 | €39,777 | €34,970 | -€4,807 | -12.1% |
| Plant, machinery and equipment | 23 | €6,989 | €6,697 | -€292 | -4.2% |
| Furniture and vehicles | 24 | €1,988 | €1,293 | -€695 | -35.0% |
| Other tangible fixed assets | 26 | €30,800 | €26,980 | -€3,820 | -12.4% |
| Current assets | 29/58 | €44,330 | €98,735 | +€54,405 | +123% |
| Amounts receivable within one year | 40/41 | €64 | €2,727 | +€2,663 | +4,133% |
| Trade receivables | 40 | €64 | €2,727 | +€2,663 | +4,133% |
| Cash at bank and in hand | 54/58 | €42,909 | €93,148 | +€50,239 | +117% |
| Deferred charges and accrued income | 490/1 | €1,357 | €2,860 | +€1,503 | +111% |
| Total equity and liabilities | 10/49 | €132,448 | €176,645 | +€44,197 | +33.4% |
| Equity | 10/15 | €98,743 | €104,718 | +€5,975 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,143 | €86,118 | +€5,975 | +7.5% |
| Distributable reserves | 133 | €80,143 | €86,118 | +€5,975 | +7.5% |
| Amounts payable | 17/49 | €33,705 | €71,926 | +€38,222 | +113% |
| Amounts payable within one year | 42/48 | €33,097 | €71,926 | +€38,830 | +117% |
| Trade debts | 44 | €890 | €1,670 | +€780 | +87.6% |
| Suppliers | 440/4 | €890 | €1,670 | +€780 | +87.6% |
| Taxes, remuneration and social security | 45 | €5,136 | €4,264 | -€872 | -17.0% |
| Taxes | 450/3 | €5,136 | €4,264 | -€872 | -17.0% |
| Other amounts payable | 47/48 | €27,071 | €65,993 | +€38,922 | +144% |
| Accrued charges and deferred income | 492/3 | €608 | - | -€608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,714 | €11,762 | +€1,049 | +9.8% |
| Other operating charges | 640/8 | €396 | €415 | +€19 | +4.9% |
| Gross operating margin | 9900 | €113,502 | €130,135 | +€16,633 | +14.7% |
| Operating profit (loss) | 9901 | €102,392 | €117,958 | +€15,566 | +15.2% |
| Financial charges | 65/66B | €4,830 | €3,615 | -€1,215 | -25.1% |
| Recurring financial charges | 65 | €4,830 | €3,615 | -€1,215 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €97,563 | €114,343 | +€16,780 | +17.2% |
| Income taxes | 67/77 | €24,701 | €28,224 | +€3,523 | +14.3% |
| Profit (loss) for the period | 9904 | €72,861 | €86,118 | +€13,257 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,861 | €86,118 | +€13,257 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.