Dr. Geert Van de Vyver: what changed
Dr. Geert Van de Vyver
Largest movements
- Cash +€17,713
up €17,713 (+249%), from €7,112 to €24,826
mainly Net result for the year (+€17,463) and Depreciation (+€1,500)
- Receivables within one year +€2,358
new in 2025: €2,358
- Formation expenses -€1,500
no longer reported in 2025 (was €1,500)
- Deferred charges and accrued income -€1,370
down €1,370 (-97.7%), from €1,402 to €33
- Profit (loss) carried forward +€17,463
up €17,463 (+262%), from €6,669 to €24,132
- Gross operating margin +€17,334
up €17,334 (+201%), from €8,626 to €25,960
- Taxes +€4,638
up €4,638 (+238%), from €1,945 to €6,584
- Depreciation +€1,500
new in 2025: €1,500
- Other operating charges +€368
new in 2025: €368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,015 | €27,216 | +€17,201 | +172% |
| Formation expenses | 20 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €8,515 | €27,216 | +€18,701 | +220% |
| Amounts receivable within one year | 40/41 | - | €2,358 | +€2,358 | |
| Other amounts receivable | 41 | - | €2,358 | +€2,358 | |
| Cash at bank and in hand | 54/58 | €7,112 | €24,826 | +€17,713 | +249% |
| Deferred charges and accrued income | 490/1 | €1,402 | €33 | -€1,370 | -97.7% |
| Total equity and liabilities | 10/49 | €10,015 | €27,216 | +€17,201 | +172% |
| Equity | 10/15 | €9,669 | €27,132 | +€17,463 | +181% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,669 | €24,132 | +€17,463 | +262% |
| Amounts payable | 17/49 | €345 | €84 | -€262 | -75.7% |
| Amounts payable within one year | 42/48 | €345 | €84 | -€262 | -75.7% |
| Taxes, remuneration and social security | 45 | €345 | €84 | -€262 | -75.7% |
| Taxes | 450/3 | €345 | €84 | -€262 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | - | €368 | +€368 | |
| Gross operating margin | 9900 | €8,626 | €25,960 | +€17,334 | +201% |
| Operating profit (loss) | 9901 | €8,626 | €24,092 | +€15,466 | +179% |
| Financial charges | 65/66B | €11 | €45 | +€34 | +300% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +300% |
| Profit (loss) for the period before taxes | 9903 | €8,615 | €24,047 | +€15,432 | +179% |
| Income taxes | 67/77 | €1,945 | €6,584 | +€4,638 | +238% |
| Profit (loss) for the period | 9904 | €6,669 | €17,463 | +€10,794 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €6,669 | €17,463 | +€10,794 | +162% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.