Dr. Eva Van Caenegem: 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. Eva Van Caenegem
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€95,346
up €95,346 (+69.3%), from €137,638 to €232,984
mainly Net result for the year (+€265,037) and Current investments (+€100,000)
- Tax, wage and social debts -€15,403
down €15,403 (-26.6%), from €57,811 to €42,408
- Other debts +€6,214
up €6,214 (+2.8%), from €219,067 to €225,281
- Gross operating margin +€12,901
up €12,901 (+3.8%), from €335,467 to €348,368
- Taxes +€3,647
up €3,647 (+4.6%), from €78,842 to €82,489
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 | €281,903 | €274,877 | -€7,026 | -2.5% |
| Fixed assets | 21/28 | €5,082 | €2,687 | -€2,395 | -47.1% |
| Tangible fixed assets | 22/27 | €5,082 | €2,687 | -€2,395 | -47.1% |
| Furniture and vehicles | 24 | €5,082 | €2,687 | -€2,395 | -47.1% |
| Current assets | 29/58 | €276,821 | €272,190 | -€4,631 | -1.7% |
| Amounts receivable within one year | 40/41 | - | €1,258 | +€1,258 | |
| Other amounts receivable | 41 | - | €1,258 | +€1,258 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €137,638 | €232,984 | +€95,346 | +69.3% |
| Deferred charges and accrued income | 490/1 | €39,183 | €37,948 | -€1,236 | -3.2% |
| Total equity and liabilities | 10/49 | €281,903 | €274,877 | -€7,026 | -2.5% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €276,903 | €269,877 | -€7,026 | -2.5% |
| Amounts payable within one year | 42/48 | €276,903 | €269,877 | -€7,026 | -2.5% |
| Trade debts | 44 | €25 | €2,188 | +€2,162 | +8,574% |
| Suppliers | 440/4 | €25 | €2,188 | +€2,162 | +8,574% |
| Taxes, remuneration and social security | 45 | €57,811 | €42,408 | -€15,403 | -26.6% |
| Taxes | 450/3 | €57,811 | €42,408 | -€15,403 | -26.6% |
| Other amounts payable | 47/48 | €219,067 | €225,281 | +€6,214 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €2,395 | -€2,918 | -54.9% |
| Other operating charges | 640/8 | €832 | €1,009 | +€177 | +21.2% |
| Gross operating margin | 9900 | €335,467 | €348,368 | +€12,901 | +3.8% |
| Operating profit (loss) | 9901 | €329,322 | €344,964 | +€15,643 | +4.7% |
| Financial income | 75/76B | €3,284 | €2,606 | -€679 | -20.7% |
| Recurring financial income | 75 | €3 | €2,606 | +€2,603 | +85,052% |
| Non-recurring financial income | 76B | €3,281 | €0 | -€3,281 | -100% |
| Financial charges | 65/66B | €494 | €45 | -€450 | -90.9% |
| Recurring financial charges | 65 | €494 | €45 | -€450 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €332,112 | €347,525 | +€15,414 | +4.6% |
| Income taxes | 67/77 | €78,842 | €82,489 | +€3,647 | +4.6% |
| Profit (loss) for the period | 9904 | €253,270 | €265,037 | +€11,767 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €253,270 | €265,037 | +€11,767 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.