DR H. OVERSTEYNS: 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 H. OVERSTEYNS
Largest movements
- Cash +€93,881
up €93,881 (+116%), from €81,047 to €174,929
mainly Net result for the year (+€94,551) and Other debts (+€6,081)
- Reserves +€94,551
up €94,551 (+125%), from €75,365 to €169,916
- Other debts +€6,081
new in 2025: €6,081
- Trade debts -€3,487
down €3,487 (-72.7%), from €4,795 to €1,308
- Tax, wage and social debts -€2,630
down €2,630 (-50.2%), from €5,237 to €2,606
- Gross operating margin +€26,277
up €26,277 (+27.2%), from €96,683 to €122,960
- Taxes +€6,271
up €6,271 (+32.3%), from €19,419 to €25,689
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 | €88,397 | €182,912 | +€94,515 | +107% |
| Fixed assets | 21/28 | €966 | €483 | -€483 | -50.0% |
| Tangible fixed assets | 22/27 | €966 | €483 | -€483 | -50.0% |
| Plant, machinery and equipment | 23 | €966 | €483 | -€483 | -50.0% |
| Current assets | 29/58 | €87,432 | €182,430 | +€94,998 | +109% |
| Amounts receivable within one year | 40/41 | €2,597 | €4,311 | +€1,714 | +66.0% |
| Other amounts receivable | 41 | €2,597 | €4,311 | +€1,714 | +66.0% |
| Cash at bank and in hand | 54/58 | €81,047 | €174,929 | +€93,881 | +116% |
| Deferred charges and accrued income | 490/1 | €3,787 | €3,190 | -€597 | -15.8% |
| Total equity and liabilities | 10/49 | €88,397 | €182,912 | +€94,515 | +107% |
| Equity | 10/15 | €78,365 | €172,916 | +€94,551 | +121% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,365 | €169,916 | +€94,551 | +125% |
| Distributable reserves | 133 | €75,365 | €169,916 | +€94,551 | +125% |
| Amounts payable | 17/49 | €10,032 | €9,996 | -€36 | -0.4% |
| Amounts payable within one year | 42/48 | €10,032 | €9,996 | -€36 | -0.4% |
| Trade debts | 44 | €4,795 | €1,308 | -€3,487 | -72.7% |
| Suppliers | 440/4 | €4,795 | €1,308 | -€3,487 | -72.7% |
| Taxes, remuneration and social security | 45 | €5,237 | €2,606 | -€2,630 | -50.2% |
| Taxes | 450/3 | €5,237 | €2,606 | -€2,630 | -50.2% |
| Other amounts payable | 47/48 | - | €6,081 | +€6,081 | |
| Remuneration, social security and pensions | 62 | €1,379 | €1,698 | +€319 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €483 | = | 0.0% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €96,683 | €122,960 | +€26,277 | +27.2% |
| Operating profit (loss) | 9901 | €94,821 | €120,659 | +€25,838 | +27.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €40 | €419 | +€379 | +941% |
| Recurring financial charges | 65 | €40 | €419 | +€379 | +941% |
| Profit (loss) for the period before taxes | 9903 | €94,784 | €120,240 | +€25,457 | +26.9% |
| Income taxes | 67/77 | €19,419 | €25,689 | +€6,271 | +32.3% |
| Profit (loss) for the period | 9904 | €75,365 | €94,551 | +€19,186 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,365 | €94,551 | +€19,186 | +25.5% |
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 19 October 2026 via checked.be.