Dr. Elise Peys: 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. Elise Peys
Largest movements
- Cash +€46,162
up €46,162 (+352%), from €13,119 to €59,281
mainly Net result for the year (+€35,036) and Tax, wage and social debts (+€11,126)
- Reserves +€35,036
up €35,036 (+520%), from €6,740 to €41,776
of which Distributable reserves: +€35,036
- Tax, wage and social debts +€11,126
up €11,126 (+287%), from €3,874 to €15,000
of which Taxes: +€11,800
- Gross operating margin +€40,822
up €40,822 (+484%), from €8,440 to €49,262
- Taxes +€12,286
up €12,286 (+723%), from €1,700 to €13,986
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 | €13,119 | €59,281 | +€46,162 | +352% |
| Current assets | 29/58 | €13,119 | €59,281 | +€46,162 | +352% |
| Cash at bank and in hand | 54/58 | €13,119 | €59,281 | +€46,162 | +352% |
| Total equity and liabilities | 10/49 | €13,119 | €59,281 | +€46,162 | +352% |
| Equity | 10/15 | €9,240 | €44,276 | +€35,036 | +379% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €6,740 | €41,776 | +€35,036 | +520% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | - | -€250 | |
| Reserves not available under the articles | 1311 | - | €250 | +€250 | |
| Distributable reserves | 133 | €6,490 | €41,526 | +€35,036 | +540% |
| Amounts payable | 17/49 | €3,879 | €15,005 | +€11,126 | +287% |
| Amounts payable within one year | 42/48 | €3,874 | €15,005 | +€11,131 | +287% |
| Taxes, remuneration and social security | 45 | €3,874 | €15,000 | +€11,126 | +287% |
| Taxes | 450/3 | €3,200 | €15,000 | +€11,800 | +369% |
| Remuneration and social security | 454/9 | €674 | - | -€674 | |
| Other amounts payable | 47/48 | - | €5 | +€5 | |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Other operating charges | 640/8 | - | €240 | +€240 | |
| Gross operating margin | 9900 | €8,440 | €49,262 | +€40,822 | +484% |
| Operating profit (loss) | 9901 | €8,440 | €49,022 | +€40,582 | +481% |
| Profit (loss) for the period before taxes | 9903 | €8,440 | €49,022 | +€40,582 | +481% |
| Income taxes | 67/77 | €1,700 | €13,986 | +€12,286 | +723% |
| Profit (loss) for the period | 9904 | €6,740 | €35,036 | +€28,296 | +420% |
| Profit (loss) for the period to be appropriated | 9905 | €6,740 | €35,036 | +€28,296 | +420% |
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 26 October 2026 via checked.be.