Dr. Ellen Deckers: 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. Ellen Deckers
Largest movements
- Tangible fixed assets -€35,265
down €35,265 (-15.9%), from €222,456 to €187,191
of which Furniture and vehicles: -€33,332
- Receivables within one year -€30,259
down €30,259 (-95.3%), from €31,759 to €1,500
of which Other amounts receivable: -€29,435
- Cash -€29,472
down €29,472 (-32.5%), from €90,761 to €61,289
mainly Contributions, distributions and other (-€450,000) and Debts after one year (-€19,806)
- Profit (loss) carried forward -€280,580
down €280,580 (-99.9%), from €280,722 to €142
- Other debts +€204,969
up €204,969 (+316%), from €64,910 to €269,880
- Debts after one year -€19,806
down €19,806 (-29.6%), from €66,934 to €47,129
- Gross operating margin +€21,571
up €21,571 (+8.6%), from €251,103 to €272,674
- Depreciation +€5,001
up €5,001 (+14.5%), from €34,525 to €39,526
- Taxes +€4,960
up €4,960 (+9.8%), from €50,565 to €55,525
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,836 | €364,472 | -€98,364 | -21.3% |
| Formation expenses | 20 | €360 | €217 | -€143 | -39.6% |
| Fixed assets | 21/28 | €222,456 | €187,191 | -€35,265 | -15.9% |
| Tangible fixed assets | 22/27 | €222,456 | €187,191 | -€35,265 | -15.9% |
| Land and buildings | 22 | €19,322 | €18,443 | -€879 | -4.5% |
| Plant, machinery and equipment | 23 | €3,966 | €4,865 | +€899 | +22.7% |
| Furniture and vehicles | 24 | €141,409 | €108,077 | -€33,332 | -23.6% |
| Other tangible fixed assets | 26 | €57,759 | €55,806 | -€1,953 | -3.4% |
| Current assets | 29/58 | €240,021 | €177,064 | -€62,957 | -26.2% |
| Amounts receivable within one year | 40/41 | €31,759 | €1,500 | -€30,259 | -95.3% |
| Trade receivables | 40 | €2,325 | €1,500 | -€825 | -35.5% |
| Other amounts receivable | 41 | €29,435 | €0 | -€29,435 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,761 | €61,289 | -€29,472 | -32.5% |
| Deferred charges and accrued income | 490/1 | €117,500 | €114,275 | -€3,225 | -2.7% |
| Total equity and liabilities | 10/49 | €462,836 | €364,472 | -€98,364 | -21.3% |
| Equity | 10/15 | €301,182 | €18,742 | -€282,440 | -93.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €280,722 | €142 | -€280,580 | -99.9% |
| Amounts payable | 17/49 | €161,654 | €345,730 | +€184,076 | +114% |
| Amounts payable after more than one year | 17 | €66,934 | €47,129 | -€19,806 | -29.6% |
| Financial debts | 170/4 | €66,934 | €47,129 | -€19,806 | -29.6% |
| Amounts payable within one year | 42/48 | €90,214 | €293,064 | +€202,850 | +225% |
| Current portion of amounts payable after more than one year | 42 | €19,138 | €19,806 | +€668 | +3.5% |
| Trade debts | 44 | €0 | €354 | +€354 | |
| Suppliers | 440/4 | €0 | €354 | +€354 | |
| Taxes, remuneration and social security | 45 | €6,167 | €3,025 | -€3,142 | -50.9% |
| Taxes | 450/3 | €3,150 | €3,025 | -€125 | -4.0% |
| Remuneration and social security | 454/9 | €3,017 | €0 | -€3,017 | -100% |
| Other amounts payable | 47/48 | €64,910 | €269,880 | +€204,969 | +316% |
| Accrued charges and deferred income | 492/3 | €4,506 | €5,537 | +€1,032 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,525 | €39,526 | +€5,001 | +14.5% |
| Other operating charges | 640/8 | €4,159 | €1,649 | -€2,510 | -60.4% |
| Gross operating margin | 9900 | €251,103 | €272,674 | +€21,571 | +8.6% |
| Operating profit (loss) | 9901 | €212,419 | €231,500 | +€19,080 | +9.0% |
| Financial income | 75/76B | €2,537 | €0 | -€2,537 | -100.0% |
| Recurring financial income | 75 | €2,537 | €0 | -€2,537 | -100.0% |
| Financial charges | 65/66B | €7,105 | €8,415 | +€1,310 | +18.4% |
| Recurring financial charges | 65 | €7,105 | €8,415 | +€1,310 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €207,851 | €223,085 | +€15,234 | +7.3% |
| Income taxes | 67/77 | €50,565 | €55,525 | +€4,960 | +9.8% |
| Profit (loss) for the period | 9904 | €157,286 | €167,560 | +€10,274 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,286 | €167,560 | +€10,274 | +6.5% |
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 16 October 2026 via checked.be.