DR. ELLEN VAN TURNHOUT: what changed
DR. ELLEN VAN TURNHOUT
Largest movements
- Cash -€100,617
down €100,617 (-78.0%), from €128,957 to €28,340
mainly Other debts (-€130,516) and Contributions, distributions and other (-€96,958)
- Deferred charges and accrued income -€22,830
down €22,830 (-94.6%), from €24,127 to €1,297
- Receivables within one year +€20,362
up €20,362, from €0 to €20,362
of which Trade receivables: +€20,362
- Tangible fixed assets -€16,393
down €16,393 (-29.4%), from €55,720 to €39,327
of which Furniture and vehicles: -€15,240
- Other debts -€130,516
down €130,516 (-64.1%), from €203,591 to €73,075
- Tax, wage and social debts +€10,747
up €10,747 (+274%), from €3,919 to €14,666
- Gross operating margin -€3,340
down €3,340 (-2.3%), from €144,315 to €140,975
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,804 | €89,326 | -€119,477 | -57.2% |
| Fixed assets | 21/28 | €55,720 | €39,327 | -€16,393 | -29.4% |
| Tangible fixed assets | 22/27 | €55,720 | €39,327 | -€16,393 | -29.4% |
| Plant, machinery and equipment | 23 | €4,389 | €3,235 | -€1,153 | -26.3% |
| Furniture and vehicles | 24 | €51,331 | €36,092 | -€15,240 | -29.7% |
| Current assets | 29/58 | €153,084 | €50,000 | -€103,085 | -67.3% |
| Amounts receivable within one year | 40/41 | €0 | €20,362 | +€20,362 | |
| Trade receivables | 40 | - | €20,362 | +€20,362 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €128,957 | €28,340 | -€100,617 | -78.0% |
| Deferred charges and accrued income | 490/1 | €24,127 | €1,297 | -€22,830 | -94.6% |
| Total equity and liabilities | 10/49 | €208,804 | €89,326 | -€119,477 | -57.2% |
| Equity | 10/15 | €600 | €600 | = | 0.0% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €208,204 | €88,726 | -€119,477 | -57.4% |
| Amounts payable within one year | 42/48 | €207,619 | €87,976 | -€119,643 | -57.6% |
| Trade debts | 44 | €109 | €234 | +€126 | +116% |
| Suppliers | 440/4 | €109 | €234 | +€126 | +116% |
| Taxes, remuneration and social security | 45 | €3,919 | €14,666 | +€10,747 | +274% |
| Taxes | 450/3 | €3,919 | €14,666 | +€10,747 | +274% |
| Other amounts payable | 47/48 | €203,591 | €73,075 | -€130,516 | -64.1% |
| Accrued charges and deferred income | 492/3 | €585 | €750 | +€165 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,757 | €16,393 | +€636 | +4.0% |
| Other operating charges | 640/8 | €1,035 | €944 | -€92 | -8.8% |
| Gross operating margin | 9900 | €144,315 | €140,975 | -€3,340 | -2.3% |
| Operating profit (loss) | 9901 | €127,523 | €123,638 | -€3,884 | -3.0% |
| Financial income | 75/76B | €112 | €211 | +€99 | +88.2% |
| Recurring financial income | 75 | €112 | €211 | +€99 | +88.2% |
| Financial charges | 65/66B | €70 | €82 | +€12 | +16.4% |
| Recurring financial charges | 65 | €70 | €82 | +€12 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €127,565 | €123,768 | -€3,797 | -3.0% |
| Income taxes | 67/77 | €28,112 | €26,810 | -€1,302 | -4.6% |
| Profit (loss) for the period | 9904 | €99,453 | €96,958 | -€2,495 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,453 | €96,958 | -€2,495 | -2.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.