Dr. Geert Pint: 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. Geert Pint
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-22.2%), from €90,215 to €70,215
- Cash +€10,948
up €10,948 (+31.8%), from €34,462 to €45,410
mainly Net result for the year (+€40,127) and Other debts (+€36,360)
- Tangible fixed assets -€10,591
down €10,591 (-79.5%), from €13,317 to €2,726
of which Furniture and vehicles: -€6,657
- Deferred charges and accrued income +€4,364
up €4,364 (+82.9%), from €5,266 to €9,630
- Receivables within one year -€4,069
down €4,069 (-39.2%), from €10,385 to €6,316
- Reserves -€39,879
down €39,879 (-99.7%), from €40,006 to €127
- Other debts +€36,360
up €36,360 (+40.2%), from €90,484 to €126,844
- Current portion of long-term debt -€11,442
down €11,442 (-74.8%), from €15,292 to €3,849
- Debts after one year -€3,849
no longer reported in 2025 (was €3,849)
- Gross operating margin +€15,881
up €15,881 (+24.1%), from €65,886 to €81,767
- Taxes +€3,437
up €3,437 (+50.1%), from €6,864 to €10,302
- Depreciation -€1,068
down €1,068 (-3.4%), from €31,659 to €30,591
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 | €153,645 | €134,298 | -€19,347 | -12.6% |
| Fixed assets | 21/28 | €103,532 | €72,941 | -€30,591 | -29.5% |
| Intangible fixed assets | 21 | €90,215 | €70,215 | -€20,000 | -22.2% |
| Tangible fixed assets | 22/27 | €13,317 | €2,726 | -€10,591 | -79.5% |
| Plant, machinery and equipment | 23 | €5,146 | €1,212 | -€3,934 | -76.4% |
| Furniture and vehicles | 24 | €8,171 | €1,514 | -€6,657 | -81.5% |
| Current assets | 29/58 | €50,113 | €61,357 | +€11,244 | +22.4% |
| Amounts receivable within one year | 40/41 | €10,385 | €6,316 | -€4,069 | -39.2% |
| Other amounts receivable | 41 | €10,385 | €6,316 | -€4,069 | -39.2% |
| Cash at bank and in hand | 54/58 | €34,462 | €45,410 | +€10,948 | +31.8% |
| Deferred charges and accrued income | 490/1 | €5,266 | €9,630 | +€4,364 | +82.9% |
| Total equity and liabilities | 10/49 | €153,645 | €134,298 | -€19,347 | -12.6% |
| Equity | 10/15 | €42,506 | €2,627 | -€39,879 | -93.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €40,006 | €127 | -€39,879 | -99.7% |
| Distributable reserves | 133 | €40,006 | €127 | -€39,879 | -99.7% |
| Amounts payable | 17/49 | €111,139 | €131,671 | +€20,532 | +18.5% |
| Amounts payable after more than one year | 17 | €3,849 | - | -€3,849 | |
| Financial debts | 170/4 | €3,849 | - | -€3,849 | |
| Amounts payable within one year | 42/48 | €107,290 | €131,671 | +€24,381 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €15,292 | €3,849 | -€11,442 | -74.8% |
| Trade debts | 44 | €427 | €811 | +€384 | +90.1% |
| Suppliers | 440/4 | €427 | €811 | +€384 | +90.1% |
| Taxes, remuneration and social security | 45 | €1,088 | €166 | -€922 | -84.7% |
| Taxes | 450/3 | €1,088 | €166 | -€922 | -84.7% |
| Other amounts payable | 47/48 | €90,484 | €126,844 | +€36,360 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,659 | €30,591 | -€1,068 | -3.4% |
| Other operating charges | 640/8 | €494 | €452 | -€42 | -8.5% |
| Gross operating margin | 9900 | €65,886 | €81,767 | +€15,881 | +24.1% |
| Operating profit (loss) | 9901 | €33,733 | €50,723 | +€16,990 | +50.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €421 | €294 | -€126 | -30.0% |
| Recurring financial charges | 65 | €421 | €294 | -€126 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €33,314 | €50,429 | +€17,115 | +51.4% |
| Income taxes | 67/77 | €6,864 | €10,302 | +€3,437 | +50.1% |
| Profit (loss) for the period | 9904 | €26,450 | €40,127 | +€13,677 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,450 | €40,127 | +€13,677 | +51.7% |
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 29 October 2026 via checked.be.