Dr. Evelien De Coninck: 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 De Coninck
Largest movements
- Cash +€23,577
up €23,577 (+395%), from €5,973 to €29,550
mainly Net result for the year (+€41,661) and Depreciation (+€3,124)
- Deferred charges and accrued income +€2,397
up €2,397 (+291%), from €824 to €3,222
- Reserves +€40,725
new in 2025: €40,725
- Trade debts -€11,849
down €11,849 (-95.4%), from €12,418 to €569
- Other debts -€1,866
down €1,866 (-92.8%), from €2,011 to €146
- Accrued charges and deferred income -€1,500
down €1,500 (-100%), from €1,500 to €0
- Profit (loss) carried forward +€936
up €936, from -€936 to €0
- Gross operating margin +€57,204
up €57,204, from -€340 to €56,864
- Taxes +€11,689
up €11,689 (+18,028%), from €65 to €11,754
- Depreciation +€2,642
up €2,642 (+548%), from €482 to €3,124
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 | €18,972 | €44,850 | +€25,878 | +136% |
| Fixed assets | 21/28 | €11,651 | €11,259 | -€392 | -3.4% |
| Tangible fixed assets | 22/27 | €11,651 | €11,259 | -€392 | -3.4% |
| Furniture and vehicles | 24 | €11,651 | €11,259 | -€392 | -3.4% |
| Current assets | 29/58 | €7,322 | €33,591 | +€26,270 | +359% |
| Amounts receivable within one year | 40/41 | €524 | €820 | +€296 | +56.5% |
| Trade receivables | 40 | - | €574 | +€574 | |
| Other amounts receivable | 41 | €524 | €246 | -€278 | -53.0% |
| Cash at bank and in hand | 54/58 | €5,973 | €29,550 | +€23,577 | +395% |
| Deferred charges and accrued income | 490/1 | €824 | €3,222 | +€2,397 | +291% |
| Total equity and liabilities | 10/49 | €18,972 | €44,850 | +€25,878 | +136% |
| Equity | 10/15 | €1,564 | €43,225 | +€41,661 | +2,664% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €40,725 | +€40,725 | |
| Distributable reserves | 133 | - | €40,725 | +€40,725 | |
| Profit (loss) carried forward | 14 | -€936 | €0 | +€936 | |
| Amounts payable | 17/49 | €17,409 | €1,625 | -€15,783 | -90.7% |
| Amounts payable within one year | 42/48 | €15,909 | €1,625 | -€14,283 | -89.8% |
| Trade debts | 44 | €12,418 | €569 | -€11,849 | -95.4% |
| Suppliers | 440/4 | €12,418 | €569 | -€11,849 | -95.4% |
| Taxes, remuneration and social security | 45 | €1,480 | €911 | -€569 | -38.4% |
| Taxes | 450/3 | €976 | €911 | -€65 | -6.6% |
| Remuneration and social security | 454/9 | €504 | €0 | -€504 | -100% |
| Other amounts payable | 47/48 | €2,011 | €146 | -€1,866 | -92.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €3,124 | +€2,642 | +548% |
| Other operating charges | 640/8 | €50 | €256 | +€206 | +412% |
| Gross operating margin | 9900 | -€340 | €56,864 | +€57,204 | |
| Operating profit (loss) | 9901 | -€872 | €53,484 | +€54,356 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.5% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.5% |
| Financial charges | 65/66B | €8 | €69 | +€62 | +820% |
| Recurring financial charges | 65 | €8 | €69 | +€62 | +820% |
| Profit (loss) for the period before taxes | 9903 | -€872 | €53,415 | +€54,287 | |
| Income taxes | 67/77 | €65 | €11,754 | +€11,689 | +18,028% |
| Profit (loss) for the period | 9904 | -€936 | €41,661 | +€42,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€936 | €41,661 | +€42,598 |
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 20 October 2026 via checked.be.