Dr. Evelien Verplanken: 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 Verplanken
Largest movements
- Cash +€35,116
up €35,116 (+133%), from €26,404 to €61,520
mainly Net result for the year (+€37,548) and Depreciation (+€13,441)
- Reserves +€27,548
up €27,548 (+21.9%), from €125,581 to €153,128
- Debts after one year -€10,182
down €10,182 (-3.4%), from €301,982 to €291,800
- Other debts +€6,528
up €6,528 (+67.3%), from €9,704 to €16,232
- Tax, wage and social debts +€5,445
up €5,445 (+4,254%), from €128 to €5,573
- Gross operating margin +€56,521
up €56,521 (+404%), from €13,996 to €70,517
- Taxes +€8,945
up €8,945 (+6,988%), from €128 to €9,073
- Financial charges +€1,618
up €1,618 (+22.2%), from €7,275 to €8,892
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 | €452,241 | €486,001 | +€33,760 | +7.5% |
| Fixed assets | 21/28 | €414,319 | €418,024 | +€3,705 | +0.9% |
| Tangible fixed assets | 22/27 | €414,319 | €418,024 | +€3,705 | +0.9% |
| Land and buildings | 22 | €410,068 | €415,315 | +€5,247 | +1.3% |
| Plant, machinery and equipment | 23 | €1,809 | €1,161 | -€648 | -35.8% |
| Furniture and vehicles | 24 | €2,442 | €1,548 | -€894 | -36.6% |
| Current assets | 29/58 | €37,923 | €67,978 | +€30,055 | +79.3% |
| Amounts receivable after more than one year | 29 | €425 | - | -€425 | |
| Other amounts receivable | 291 | €425 | - | -€425 | |
| Amounts receivable within one year | 40/41 | €8,604 | €3,833 | -€4,771 | -55.5% |
| Trade receivables | 40 | €4,133 | €3,408 | -€725 | -17.5% |
| Other amounts receivable | 41 | €4,471 | €425 | -€4,046 | -90.5% |
| Cash at bank and in hand | 54/58 | €26,404 | €61,520 | +€35,116 | +133% |
| Deferred charges and accrued income | 490/1 | €2,490 | €2,625 | +€135 | +5.4% |
| Total equity and liabilities | 10/49 | €452,241 | €486,001 | +€33,760 | +7.5% |
| Equity | 10/15 | €130,581 | €162,214 | +€31,633 | +24.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,085 | +€4,085 | |
| Reserves | 13 | €125,581 | €153,128 | +€27,548 | +21.9% |
| Distributable reserves | 133 | €125,581 | €153,128 | +€27,548 | +21.9% |
| Amounts payable | 17/49 | €321,661 | €323,787 | +€2,126 | +0.7% |
| Amounts payable after more than one year | 17 | €301,982 | €291,800 | -€10,182 | -3.4% |
| Financial debts | 170/4 | €301,982 | €291,800 | -€10,182 | -3.4% |
| Amounts payable within one year | 42/48 | €19,679 | €31,987 | +€12,309 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €9,847 | €10,182 | +€336 | +3.4% |
| Taxes, remuneration and social security | 45 | €128 | €5,573 | +€5,445 | +4,254% |
| Taxes | 450/3 | €128 | €5,573 | +€5,445 | +4,254% |
| Other amounts payable | 47/48 | €9,704 | €16,232 | +€6,528 | +67.3% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,054 | €13,441 | +€387 | +3.0% |
| Other operating charges | 640/8 | €1,681 | €1,607 | -€74 | -4.4% |
| Gross operating margin | 9900 | €13,996 | €70,517 | +€56,521 | +404% |
| Operating profit (loss) | 9901 | -€739 | €55,469 | +€56,208 | |
| Financial income | 75/76B | €102 | €44 | -€58 | -56.7% |
| Recurring financial income | 75 | €102 | €44 | -€58 | -56.7% |
| Financial charges | 65/66B | €7,275 | €8,892 | +€1,618 | +22.2% |
| Recurring financial charges | 65 | €7,275 | €8,892 | +€1,618 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,912 | €46,621 | +€54,533 | |
| Income taxes | 67/77 | €128 | €9,073 | +€8,945 | +6,988% |
| Profit (loss) for the period | 9904 | -€8,040 | €37,548 | +€45,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,040 | €37,548 | +€45,588 |
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 24 October 2026 via checked.be.