Dr Hanne Dewit: 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 Hanne Dewit
Largest movements
- Cash +€90,043
up €90,043 (+80.1%), from €112,452 to €202,494
mainly Other debts (+€238,735) and Net result for the year (+€105,496)
- Current investments -€32,336
down €32,336 (-18.3%), from €176,843 to €144,507
- Deferred charges and accrued income +€22,186
up €22,186 (+50.1%), from €44,280 to €66,466
- Tangible fixed assets -€7,306
down €7,306 (-40.9%), from €17,882 to €10,575
of which Furniture and vehicles: -€9,117
- Other debts +€238,735
up €238,735 (+802%), from €29,751 to €268,486
- Reserves -€174,504
down €174,504 (-61.9%), from €281,746 to €107,241
- Trade debts +€5,479
up €5,479 (+3,801%), from €144 to €5,624
- Gross operating margin +€18,875
up €18,875 (+15.0%), from €125,815 to €144,690
- Taxes +€4,938
up €4,938 (+18.6%), from €26,602 to €31,540
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 | €351,636 | €424,542 | +€72,906 | +20.7% |
| Fixed assets | 21/28 | €17,882 | €10,575 | -€7,306 | -40.9% |
| Tangible fixed assets | 22/27 | €17,882 | €10,575 | -€7,306 | -40.9% |
| Plant, machinery and equipment | 23 | - | €1,811 | +€1,811 | |
| Furniture and vehicles | 24 | €17,882 | €8,765 | -€9,117 | -51.0% |
| Current assets | 29/58 | €333,754 | €413,967 | +€80,213 | +24.0% |
| Amounts receivable within one year | 40/41 | €180 | €500 | +€320 | +178% |
| Other amounts receivable | 41 | €180 | €500 | +€320 | +178% |
| Current investments | 50/53 | €176,843 | €144,507 | -€32,336 | -18.3% |
| Cash at bank and in hand | 54/58 | €112,452 | €202,494 | +€90,043 | +80.1% |
| Deferred charges and accrued income | 490/1 | €44,280 | €66,466 | +€22,186 | +50.1% |
| Total equity and liabilities | 10/49 | €351,636 | €424,542 | +€72,906 | +20.7% |
| Equity | 10/15 | €291,746 | €117,241 | -€174,504 | -59.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €281,746 | €107,241 | -€174,504 | -61.9% |
| Distributable reserves | 133 | €281,746 | €107,241 | -€174,504 | -61.9% |
| Amounts payable | 17/49 | €59,891 | €307,301 | +€247,410 | +413% |
| Amounts payable within one year | 42/48 | €57,457 | €304,467 | +€247,010 | +430% |
| Trade debts | 44 | €144 | €5,624 | +€5,479 | +3,801% |
| Suppliers | 440/4 | €144 | €5,624 | +€5,479 | +3,801% |
| Taxes, remuneration and social security | 45 | €27,562 | €30,358 | +€2,795 | +10.1% |
| Taxes | 450/3 | €27,562 | €30,358 | +€2,795 | +10.1% |
| Other amounts payable | 47/48 | €29,751 | €268,486 | +€238,735 | +802% |
| Accrued charges and deferred income | 492/3 | €2,433 | €2,834 | +€401 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,143 | €7,306 | +€164 | +2.3% |
| Other operating charges | 640/8 | €574 | €752 | +€178 | +31.0% |
| Gross operating margin | 9900 | €125,815 | €144,690 | +€18,875 | +15.0% |
| Operating profit (loss) | 9901 | €118,098 | €136,631 | +€18,533 | +15.7% |
| Financial income | 75/76B | €2,633 | €3,369 | +€736 | +28.0% |
| Recurring financial income | 75 | €2,633 | €3,369 | +€736 | +28.0% |
| Financial charges | 65/66B | €2,634 | €2,964 | +€330 | +12.5% |
| Recurring financial charges | 65 | €2,634 | €2,964 | +€330 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €118,097 | €137,036 | +€18,939 | +16.0% |
| Income taxes | 67/77 | €26,602 | €31,540 | +€4,938 | +18.6% |
| Profit (loss) for the period | 9904 | €91,495 | €105,496 | +€14,001 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,495 | €105,496 | +€14,001 | +15.3% |
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 21 October 2026 via checked.be.