Dr. Evelien Byloos: what changed
Dr. Evelien Byloos
Largest movements
- Tangible fixed assets +€17,568
up €17,568 (+74.2%), from €23,678 to €41,246
of which Furniture and vehicles: +€15,649
- Receivables within one year +€16,530
up €16,530 (+41.0%), from €40,270 to €56,800
of which Other amounts receivable: +€15,907
- Cash -€11,793
down €11,793 (-25.2%), from €46,723 to €34,929
mainly Investment in fixed assets (net) (-€39,819) and Receivables within one year (-€16,530)
- Other debts +€32,213
new in 2025: €32,213
- Profit (loss) carried forward -€7,492
new in 2025: -€7,492
- Tax, wage and social debts -€1,983
down €1,983 (-42.4%), from €4,679 to €2,696
of which Taxes: -€2,108
- Gross operating margin -€42,264
down €42,264 (-70.1%), from €60,303 to €18,039
- Taxes -€9,068
down €9,068 (-89.4%), from €10,144 to €1,076
- Depreciation +€4,134
up €4,134 (+22.8%), from €18,117 to €22,251
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 | €112,244 | €134,641 | +€22,397 | +20.0% |
| Fixed assets | 21/28 | €23,678 | €41,246 | +€17,568 | +74.2% |
| Tangible fixed assets | 22/27 | €23,678 | €41,246 | +€17,568 | +74.2% |
| Plant, machinery and equipment | 23 | - | €3,202 | +€3,202 | |
| Furniture and vehicles | 24 | €18,866 | €34,516 | +€15,649 | +82.9% |
| Other tangible fixed assets | 26 | €4,812 | €3,528 | -€1,284 | -26.7% |
| Current assets | 29/58 | €88,566 | €93,395 | +€4,829 | +5.5% |
| Amounts receivable within one year | 40/41 | €40,270 | €56,800 | +€16,530 | +41.0% |
| Trade receivables | 40 | - | €623 | +€623 | |
| Other amounts receivable | 41 | €40,270 | €56,177 | +€15,907 | +39.5% |
| Cash at bank and in hand | 54/58 | €46,723 | €34,929 | -€11,793 | -25.2% |
| Deferred charges and accrued income | 490/1 | €1,573 | €1,665 | +€92 | +5.9% |
| Total equity and liabilities | 10/49 | €112,244 | €134,641 | +€22,397 | +20.0% |
| Equity | 10/15 | €107,225 | €99,733 | -€7,492 | -7.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €88,675 | €88,675 | = | 0.0% |
| Distributable reserves | 133 | €88,675 | €88,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,492 | -€7,492 | |
| Amounts payable | 17/49 | €5,020 | €34,909 | +€29,889 | +595% |
| Amounts payable within one year | 42/48 | €5,020 | €34,909 | +€29,889 | +595% |
| Trade debts | 44 | €341 | - | -€341 | |
| Suppliers | 440/4 | €341 | - | -€341 | |
| Taxes, remuneration and social security | 45 | €4,679 | €2,696 | -€1,983 | -42.4% |
| Taxes | 450/3 | €4,679 | €2,571 | -€2,108 | -45.1% |
| Remuneration and social security | 454/9 | - | €125 | +€125 | |
| Other amounts payable | 47/48 | - | €32,213 | +€32,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,117 | €22,251 | +€4,134 | +22.8% |
| Other operating charges | 640/8 | €1,829 | €1,825 | -€3 | -0.2% |
| Gross operating margin | 9900 | €60,303 | €18,039 | -€42,264 | -70.1% |
| Operating profit (loss) | 9901 | €40,357 | -€6,037 | -€46,394 | |
| Financial income | 75/76B | €110 | €7 | -€103 | -93.2% |
| Recurring financial income | 75 | €110 | €7 | -€103 | -93.2% |
| Financial charges | 65/66B | €474 | €386 | -€88 | -18.6% |
| Recurring financial charges | 65 | €474 | €386 | -€88 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €39,993 | -€6,416 | -€46,409 | |
| Income taxes | 67/77 | €10,144 | €1,076 | -€9,068 | -89.4% |
| Profit (loss) for the period | 9904 | €29,849 | -€7,492 | -€37,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,849 | -€7,492 | -€37,341 |
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 4 November 2026 via checked.be.