Dr. Daan Bringmans: 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. Daan Bringmans
Largest movements
- Current investments -€38,013
down €38,013 (-88.3%), from €43,045 to €5,033
- Cash +€6,456
up €6,456 (+11.6%), from €55,528 to €61,984
mainly Net result for the year (+€200,812) and Current investments (+€38,013)
- Receivables within one year -€2,619
no longer reported in 2025 (was €2,619)
- Profit (loss) carried forward -€73,306
down €73,306 (-39.3%), from €186,503 to €113,198
- Other debts +€32,672
up €32,672 (+11,164%), from €293 to €32,965
- Tax, wage and social debts +€5,109
new in 2025: €5,109
- Gross operating margin +€51,525
up €51,525 (+25.1%), from €205,476 to €257,002
- Taxes +€13,068
up €13,068 (+27.8%), from €47,041 to €60,109
- Financial income +€3,628
up €3,628 (+121%), from €2,987 to €6,615
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 | €207,256 | €172,203 | -€35,053 | -16.9% |
| Fixed assets | 21/28 | €6,222 | €4,767 | -€1,456 | -23.4% |
| Tangible fixed assets | 22/27 | €6,122 | €4,667 | -€1,456 | -23.8% |
| Plant, machinery and equipment | 23 | €1,432 | €976 | -€456 | -31.8% |
| Furniture and vehicles | 24 | €1,091 | €91 | -€1,000 | -91.7% |
| Other tangible fixed assets | 26 | €3,600 | €3,600 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €201,034 | €167,437 | -€33,597 | -16.7% |
| Amounts receivable within one year | 40/41 | €2,619 | - | -€2,619 | |
| Other amounts receivable | 41 | €2,619 | - | -€2,619 | |
| Current investments | 50/53 | €43,045 | €5,033 | -€38,013 | -88.3% |
| Cash at bank and in hand | 54/58 | €55,528 | €61,984 | +€6,456 | +11.6% |
| Deferred charges and accrued income | 490/1 | €99,841 | €100,420 | +€578 | +0.6% |
| Total equity and liabilities | 10/49 | €207,256 | €172,203 | -€35,053 | -16.9% |
| Equity | 10/15 | €206,963 | €133,658 | -€73,306 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,503 | €113,198 | -€73,306 | -39.3% |
| Amounts payable | 17/49 | €293 | €38,546 | +€38,253 | +13,071% |
| Amounts payable within one year | 42/48 | €293 | €38,546 | +€38,253 | +13,071% |
| Trade debts | 44 | - | €472 | +€472 | |
| Suppliers | 440/4 | - | €472 | +€472 | |
| Taxes, remuneration and social security | 45 | - | €5,109 | +€5,109 | |
| Taxes | 450/3 | - | €5,109 | +€5,109 | |
| Other amounts payable | 47/48 | €293 | €32,965 | +€32,672 | +11,164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,967 | €1,456 | -€511 | -26.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €205,476 | €257,002 | +€51,525 | +25.1% |
| Operating profit (loss) | 9901 | €203,004 | €255,026 | +€52,022 | +25.6% |
| Financial income | 75/76B | €2,987 | €6,615 | +€3,628 | +121% |
| Recurring financial income | 75 | €2,987 | €6,615 | +€3,628 | +121% |
| Financial charges | 65/66B | €54 | €721 | +€667 | +1,232% |
| Recurring financial charges | 65 | €54 | €721 | +€667 | +1,232% |
| Profit (loss) for the period before taxes | 9903 | €205,937 | €260,921 | +€54,984 | +26.7% |
| Income taxes | 67/77 | €47,041 | €60,109 | +€13,068 | +27.8% |
| Profit (loss) for the period | 9904 | €158,897 | €200,812 | +€41,915 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,897 | €200,812 | +€41,915 | +26.4% |
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 25 October 2026 via checked.be.