DR FABIENNE BURON: 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 FABIENNE BURON
Largest movements
- Cash +€28,142
up €28,142 (+66.9%), from €42,063 to €70,205
mainly Net result for the year (+€77,787) and Depreciation (+€10,006)
- Receivables within one year -€8,523
down €8,523 (-13.1%), from €65,179 to €56,656
- Tangible fixed assets -€7,116
down €7,116 (-34.8%), from €20,424 to €13,308
of which Furniture and vehicles: -€5,874
- Current investments +€6,057
up €6,057 (+151%), from €4,000 to €10,057
- Profit (loss) carried forward +€17,787
up €17,787 (+13.3%), from €133,364 to €151,151
- Trade debts +€6,222
up €6,222 (+868%), from €717 to €6,939
- Current portion of long-term debt -€4,808
no longer reported in 2025 (was €4,808)
- Taxes -€4,383
down €4,383 (-16.8%), from €26,072 to €21,689
- Depreciation -€3,944
down €3,944 (-28.3%), from €13,950 to €10,006
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 | €215,468 | €233,635 | +€18,168 | +8.4% |
| Fixed assets | 21/28 | €20,499 | €13,383 | -€7,116 | -34.7% |
| Tangible fixed assets | 22/27 | €20,424 | €13,308 | -€7,116 | -34.8% |
| Land and buildings | 22 | €7,394 | €6,531 | -€863 | -11.7% |
| Plant, machinery and equipment | 23 | €1,778 | €1,399 | -€379 | -21.3% |
| Furniture and vehicles | 24 | €11,251 | €5,377 | -€5,874 | -52.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €194,969 | €220,253 | +€25,283 | +13.0% |
| Amounts receivable within one year | 40/41 | €65,179 | €56,656 | -€8,523 | -13.1% |
| Other amounts receivable | 41 | €65,179 | €56,656 | -€8,523 | -13.1% |
| Current investments | 50/53 | €4,000 | €10,057 | +€6,057 | +151% |
| Cash at bank and in hand | 54/58 | €42,063 | €70,205 | +€28,142 | +66.9% |
| Deferred charges and accrued income | 490/1 | €83,727 | €83,335 | -€392 | -0.5% |
| Total equity and liabilities | 10/49 | €215,468 | €233,635 | +€18,168 | +8.4% |
| Equity | 10/15 | €147,624 | €165,411 | +€17,787 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,364 | €151,151 | +€17,787 | +13.3% |
| Amounts payable | 17/49 | €67,843 | €68,224 | +€380 | +0.6% |
| Amounts payable within one year | 42/48 | €67,629 | €68,129 | +€499 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €4,808 | - | -€4,808 | |
| Trade debts | 44 | €717 | €6,939 | +€6,222 | +868% |
| Suppliers | 440/4 | €717 | €6,939 | +€6,222 | +868% |
| Taxes, remuneration and social security | 45 | €2,105 | €1,190 | -€915 | -43.5% |
| Taxes | 450/3 | - | €1,190 | +€1,190 | |
| Remuneration and social security | 454/9 | €2,105 | - | -€2,105 | |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €214 | €95 | -€119 | -55.6% |
| Turnover | 70 | €332,615 | €333,098 | +€483 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €235,134 | €232,539 | -€2,595 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,950 | €10,006 | -€3,944 | -28.3% |
| Other operating charges | 640/8 | €947 | €979 | +€32 | +3.4% |
| Gross operating margin | 9900 | €104,473 | €107,576 | +€3,103 | +3.0% |
| Operating profit (loss) | 9901 | €89,576 | €96,592 | +€7,015 | +7.8% |
| Financial income | 75/76B | €4,233 | €3,606 | -€627 | -14.8% |
| Recurring financial income | 75 | €4,233 | €3,606 | -€627 | -14.8% |
| Financial charges | 65/66B | €899 | €721 | -€178 | -19.8% |
| Recurring financial charges | 65 | €899 | €721 | -€178 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €92,909 | €99,476 | +€6,567 | +7.1% |
| Income taxes | 67/77 | €26,072 | €21,689 | -€4,383 | -16.8% |
| Profit (loss) for the period | 9904 | €66,837 | €77,787 | +€10,950 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,837 | €77,787 | +€10,950 | +16.4% |
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 30 October 2026 via checked.be.