Dr Deceuninck Mieke: 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 Deceuninck Mieke
Largest movements
- Current investments +€216,963
new in 2025: €216,963
- Cash -€11,936
down €11,936 (-6.8%), from €174,396 to €162,460
mainly Current investments (-€216,963) and Tax, wage and social debts (-€16,638)
- Tangible fixed assets +€5,605
up €5,605 (+214%), from €2,622 to €8,226
of which Furniture and vehicles: +€5,605
- Receivables within one year -€5,350
down €5,350 (-4.1%), from €128,945 to €123,595
- Reserves +€220,334
up €220,334 (+86.0%), from €256,134 to €476,468
- Tax, wage and social debts -€16,638
down €16,638 (-42.4%), from €39,218 to €22,579
- Gross operating margin -€52,565
down €52,565 (-14.2%), from €370,806 to €318,241
- Taxes -€16,557
down €16,557 (-14.6%), from €113,216 to €96,659
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 | €306,263 | €512,601 | +€206,339 | +67.4% |
| Fixed assets | 21/28 | €2,622 | €8,226 | +€5,605 | +214% |
| Tangible fixed assets | 22/27 | €2,622 | €8,226 | +€5,605 | +214% |
| Furniture and vehicles | 24 | €2,472 | €8,076 | +€5,605 | +227% |
| Other tangible fixed assets | 26 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €303,641 | €504,375 | +€200,734 | +66.1% |
| Amounts receivable within one year | 40/41 | €128,945 | €123,595 | -€5,350 | -4.1% |
| Other amounts receivable | 41 | €128,945 | €123,595 | -€5,350 | -4.1% |
| Current investments | 50/53 | - | €216,963 | +€216,963 | |
| Cash at bank and in hand | 54/58 | €174,396 | €162,460 | -€11,936 | -6.8% |
| Deferred charges and accrued income | 490/1 | €300 | €1,357 | +€1,057 | +352% |
| Total equity and liabilities | 10/49 | €306,263 | €512,601 | +€206,339 | +67.4% |
| Equity | 10/15 | €261,134 | €481,468 | +€220,334 | +84.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €256,134 | €476,468 | +€220,334 | +86.0% |
| Distributable reserves | 133 | €256,134 | €476,468 | +€220,334 | +86.0% |
| Amounts payable | 17/49 | €45,128 | €31,133 | -€13,995 | -31.0% |
| Amounts payable within one year | 42/48 | €45,128 | €31,133 | -€13,995 | -31.0% |
| Trade debts | 44 | €5,401 | €4,088 | -€1,312 | -24.3% |
| Suppliers | 440/4 | €5,401 | €4,088 | -€1,312 | -24.3% |
| Taxes, remuneration and social security | 45 | €39,218 | €22,579 | -€16,638 | -42.4% |
| Taxes | 450/3 | €39,218 | €22,579 | -€16,638 | -42.4% |
| Other amounts payable | 47/48 | €510 | €4,466 | +€3,956 | +776% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €1,006 | +€579 | +136% |
| Other operating charges | 640/8 | €1,203 | €697 | -€506 | -42.1% |
| Gross operating margin | 9900 | €370,806 | €318,241 | -€52,565 | -14.2% |
| Operating profit (loss) | 9901 | €369,176 | €316,538 | -€52,639 | -14.3% |
| Financial income | 75/76B | €213 | €1,553 | +€1,340 | +629% |
| Recurring financial income | 75 | €213 | €1,553 | +€1,340 | +629% |
| Financial charges | 65/66B | €39 | €1,097 | +€1,058 | +2,712% |
| Recurring financial charges | 65 | €39 | €1,097 | +€1,058 | +2,712% |
| Profit (loss) for the period before taxes | 9903 | €369,350 | €316,993 | -€52,357 | -14.2% |
| Income taxes | 67/77 | €113,216 | €96,659 | -€16,557 | -14.6% |
| Profit (loss) for the period | 9904 | €256,134 | €220,334 | -€35,800 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €256,134 | €220,334 | -€35,800 | -14.0% |
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 23 October 2026 via checked.be.