Dr. Frederik Van Ongeval: 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. Frederik Van Ongeval
Largest movements
- Current investments -€89,667
down €89,667 (-90.0%), from €99,667 to €10,000
- Tangible fixed assets +€45,406
up €45,406 (+253%), from €17,940 to €63,345
of which Furniture and vehicles: +€25,892
- Deferred charges and accrued income +€38,198
up €38,198 (+2,249%), from €1,699 to €39,897
- Cash +€38,144
up €38,144 (+39.5%), from €96,632 to €134,775
mainly Net result for the year (+€220,206) and Current investments (+€89,667)
- Receivables within one year -€7,057
no longer reported in 2025 (was €7,057)
- Reserves +€15,000
up €15,000 (+7.3%), from €205,000 to €220,000
- Trade debts +€7,322
up €7,322 (+1,890%), from €387 to €7,709
- Tax, wage and social debts +€2,550
up €2,550 (+20.0%), from €12,750 to €15,300
- Gross operating margin +€26,547
up €26,547 (+9.5%), from €278,104 to €304,652
- Taxes +€4,134
up €4,134 (+6.7%), from €61,940 to €66,074
- Depreciation +€3,982
up €3,982 (+32.1%), from €12,392 to €16,374
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 | €222,994 | €248,017 | +€25,024 | +11.2% |
| Fixed assets | 21/28 | €17,940 | €63,345 | +€45,406 | +253% |
| Tangible fixed assets | 22/27 | €17,940 | €63,345 | +€45,406 | +253% |
| Furniture and vehicles | 24 | €17,940 | €43,832 | +€25,892 | +144% |
| Other tangible fixed assets | 26 | - | €19,513 | +€19,513 | |
| Current assets | 29/58 | €205,054 | €184,672 | -€20,382 | -9.9% |
| Amounts receivable within one year | 40/41 | €7,057 | - | -€7,057 | |
| Trade receivables | 40 | €7,057 | - | -€7,057 | |
| Current investments | 50/53 | €99,667 | €10,000 | -€89,667 | -90.0% |
| Cash at bank and in hand | 54/58 | €96,632 | €134,775 | +€38,144 | +39.5% |
| Deferred charges and accrued income | 490/1 | €1,699 | €39,897 | +€38,198 | +2,249% |
| Total equity and liabilities | 10/49 | €222,994 | €248,017 | +€25,024 | +11.2% |
| Equity | 10/15 | €207,581 | €222,787 | +€15,206 | +7.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €205,000 | €220,000 | +€15,000 | +7.3% |
| Distributable reserves | 133 | €205,000 | €220,000 | +€15,000 | +7.3% |
| Profit (loss) carried forward | 14 | €81 | €287 | +€206 | +253% |
| Amounts payable | 17/49 | €15,412 | €25,230 | +€9,818 | +63.7% |
| Amounts payable within one year | 42/48 | €13,612 | €23,730 | +€10,118 | +74.3% |
| Trade debts | 44 | €387 | €7,709 | +€7,322 | +1,890% |
| Suppliers | 440/4 | €387 | €7,709 | +€7,322 | +1,890% |
| Taxes, remuneration and social security | 45 | €12,750 | €15,300 | +€2,550 | +20.0% |
| Taxes | 450/3 | €12,750 | €15,300 | +€2,550 | +20.0% |
| Other amounts payable | 47/48 | €475 | €721 | +€246 | +51.8% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,500 | -€300 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,392 | €16,374 | +€3,982 | +32.1% |
| Other operating charges | 640/8 | €901 | €862 | -€40 | -4.4% |
| Gross operating margin | 9900 | €278,104 | €304,652 | +€26,547 | +9.5% |
| Operating profit (loss) | 9901 | €264,811 | €287,417 | +€22,605 | +8.5% |
| Financial income | 75/76B | €2,872 | €1,403 | -€1,469 | -51.2% |
| Recurring financial income | 75 | €2,872 | €1,403 | -€1,469 | -51.2% |
| Financial charges | 65/66B | €979 | €2,539 | +€1,560 | +159% |
| Recurring financial charges | 65 | €979 | €2,539 | +€1,560 | +159% |
| Profit (loss) for the period before taxes | 9903 | €266,703 | €286,280 | +€19,577 | +7.3% |
| Income taxes | 67/77 | €61,940 | €66,074 | +€4,134 | +6.7% |
| Profit (loss) for the period | 9904 | €204,763 | €220,206 | +€15,443 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €204,763 | €220,206 | +€15,443 | +7.5% |
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.