Dr. Evelien Berkmans: 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. Evelien Berkmans
Largest movements
- Deferred charges and accrued income +€59,476
up €59,476 (+94.2%), from €63,167 to €122,643
- Cash +€45,779
up €45,779 (+2,170%), from €2,110 to €47,889
mainly Net result for the year (+€128,949) and Tax, wage and social debts (+€21,158)
- Receivables within one year +€41,627
up €41,627, from €0 to €41,627
of which Other amounts receivable: +€41,627
- Reserves +€128,949
up €128,949 (+291%), from €44,332 to €173,281
- Tax, wage and social debts +€21,158
up €21,158 (+134%), from €15,734 to €36,891
- Other debts -€4,748
down €4,748 (-100%), from €4,748 to €0
- Trade debts +€2,250
up €2,250 (+376%), from €598 to €2,848
- Gross operating margin +€118,024
up €118,024 (+194%), from €60,701 to €178,725
- Taxes +€29,863
up €29,863 (+262%), from €11,378 to €41,241
- Financial charges +€6,625
up €6,625 (+275%), from €2,410 to €9,036
- Financial income +€1,946
up €1,946 (+19,458,000%), from €0 to €1,946
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 | €66,461 | €214,020 | +€147,559 | +222% |
| Fixed assets | 21/28 | €1,185 | €1,861 | +€676 | +57.1% |
| Tangible fixed assets | 22/27 | €1,185 | €1,861 | +€676 | +57.1% |
| Furniture and vehicles | 24 | €1,185 | €1,861 | +€676 | +57.1% |
| Current assets | 29/58 | €65,276 | €212,159 | +€146,882 | +225% |
| Amounts receivable within one year | 40/41 | €0 | €41,627 | +€41,627 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €41,627 | +€41,627 | |
| Cash at bank and in hand | 54/58 | €2,110 | €47,889 | +€45,779 | +2,170% |
| Deferred charges and accrued income | 490/1 | €63,167 | €122,643 | +€59,476 | +94.2% |
| Total equity and liabilities | 10/49 | €66,461 | €214,020 | +€147,559 | +222% |
| Equity | 10/15 | €45,332 | €174,281 | +€128,949 | +284% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,332 | €173,281 | +€128,949 | +291% |
| Distributable reserves | 133 | €44,332 | €173,281 | +€128,949 | +291% |
| Amounts payable | 17/49 | €21,129 | €39,739 | +€18,610 | +88.1% |
| Amounts payable within one year | 42/48 | €21,079 | €39,739 | +€18,660 | +88.5% |
| Trade debts | 44 | €598 | €2,848 | +€2,250 | +376% |
| Suppliers | 440/4 | €598 | €2,848 | +€2,250 | +376% |
| Taxes, remuneration and social security | 45 | €15,734 | €36,891 | +€21,158 | +134% |
| Taxes | 450/3 | €15,734 | €36,891 | +€21,158 | +134% |
| Other amounts payable | 47/48 | €4,748 | €0 | -€4,748 | -100% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Remuneration, social security and pensions | 62 | €1,900 | €125 | -€1,775 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320 | €735 | +€415 | +130% |
| Other operating charges | 640/8 | €833 | €586 | -€247 | -29.6% |
| Non-recurring operating charges | 66A | €6,882 | €0 | -€6,882 | -100% |
| Gross operating margin | 9900 | €60,701 | €178,725 | +€118,024 | +194% |
| Operating profit (loss) | 9901 | €50,766 | €177,280 | +€126,514 | +249% |
| Financial income | 75/76B | €0 | €1,946 | +€1,946 | +19,458,000% |
| Recurring financial income | 75 | €0 | €1,946 | +€1,946 | +19,458,000% |
| Financial charges | 65/66B | €2,410 | €9,036 | +€6,625 | +275% |
| Recurring financial charges | 65 | €2,410 | €9,036 | +€6,625 | +275% |
| Profit (loss) for the period before taxes | 9903 | €48,356 | €170,190 | +€121,834 | +252% |
| Income taxes | 67/77 | €11,378 | €41,241 | +€29,863 | +262% |
| Profit (loss) for the period | 9904 | €36,978 | €128,949 | +€91,971 | +249% |
| Profit (loss) for the period to be appropriated | 9905 | €36,978 | €128,949 | +€91,971 | +249% |
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 17 October 2026 via checked.be.