Dr. Darigny Sandrine: 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. Darigny Sandrine
Largest movements
- Cash +€71,584
up €71,584 (+63.6%), from €112,488 to €184,072
mainly Net result for the year (+€55,017) and Tax, wage and social debts (+€23,522)
- Deferred charges and accrued income -€16,808
down €16,808 (-49.1%), from €34,231 to €17,423
- Receivables after one year +€12,000
up €12,000 (+75.0%), from €16,000 to €28,000
- Receivables within one year +€10,062
up €10,062 (+335%), from €3,000 to €13,062
of which Other amounts receivable: +€13,062
- Profit (loss) carried forward +€53,351
up €53,351 (+36.3%), from €147,100 to €200,450
- Tax, wage and social debts +€23,522
new in 2025: €23,522
- Other debts -€16,471
down €16,471 (-93.4%), from €17,637 to €1,166
- Trade debts +€15,117
up €15,117 (+27,386%), from €55 to €15,172
- Taxes +€36,496
new in 2025: €36,496
- Gross operating margin +€23,730
up €23,730 (+34.1%), from €69,539 to €93,269
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 | €167,292 | €243,160 | +€75,869 | +45.4% |
| Fixed assets | 21/28 | €1,572 | €603 | -€969 | -61.6% |
| Tangible fixed assets | 22/27 | €1,572 | €603 | -€969 | -61.6% |
| Furniture and vehicles | 24 | €1,572 | €603 | -€969 | -61.6% |
| Current assets | 29/58 | €165,719 | €242,557 | +€76,838 | +46.4% |
| Amounts receivable after more than one year | 29 | €16,000 | €28,000 | +€12,000 | +75.0% |
| Other amounts receivable | 291 | €16,000 | €28,000 | +€12,000 | +75.0% |
| Amounts receivable within one year | 40/41 | €3,000 | €13,062 | +€10,062 | +335% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | - | €13,062 | +€13,062 | |
| Cash at bank and in hand | 54/58 | €112,488 | €184,072 | +€71,584 | +63.6% |
| Deferred charges and accrued income | 490/1 | €34,231 | €17,423 | -€16,808 | -49.1% |
| Total equity and liabilities | 10/49 | €167,292 | €243,160 | +€75,869 | +45.4% |
| Equity | 10/15 | €149,600 | €202,950 | +€53,351 | +35.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,100 | €200,450 | +€53,351 | +36.3% |
| Amounts payable | 17/49 | €17,692 | €40,210 | +€22,518 | +127% |
| Amounts payable within one year | 42/48 | €17,692 | €39,860 | +€22,168 | +125% |
| Trade debts | 44 | €55 | €15,172 | +€15,117 | +27,386% |
| Suppliers | 440/4 | €55 | €15,172 | +€15,117 | +27,386% |
| Taxes, remuneration and social security | 45 | - | €23,522 | +€23,522 | |
| Taxes | 450/3 | - | €23,522 | +€23,522 | |
| Other amounts payable | 47/48 | €17,637 | €1,166 | -€16,471 | -93.4% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €969 | = | 0.0% |
| Other operating charges | 640/8 | €924 | €712 | -€212 | -22.9% |
| Gross operating margin | 9900 | €69,539 | €93,269 | +€23,730 | +34.1% |
| Operating profit (loss) | 9901 | €67,646 | €91,588 | +€23,942 | +35.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €276 | €75 | -€201 | -72.8% |
| Recurring financial charges | 65 | €276 | €75 | -€201 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €67,370 | €91,513 | +€24,143 | +35.8% |
| Income taxes | 67/77 | - | €36,496 | +€36,496 | |
| Profit (loss) for the period | 9904 | €67,370 | €55,017 | -€12,353 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,370 | €55,017 | -€12,353 | -18.3% |
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 29 October 2026 via checked.be.