DR. HANS CLAES: 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. HANS CLAES
Largest movements
- Cash +€116,702
up €116,702 (+18.3%), from €638,484 to €755,186
mainly Net result for the year (+€410,787) and Other debts (+€18,264)
- Deferred charges and accrued income +€103,026
up €103,026 (+1,244%), from €8,284 to €111,310
- Receivables within one year -€13,265
no longer reported in 2025 (was €13,265)
- Reserves +€142,654
up €142,654 (+28.6%), from €499,033 to €641,687
- Profit (loss) carried forward +€40,000
up €40,000 (+36.4%), from €110,000 to €150,000
- Other debts +€18,264
up €18,264 (+1,276%), from €1,431 to €19,695
- Gross operating margin +€54,492
up €54,492 (+10.2%), from €535,381 to €589,874
- Taxes +€14,449
up €14,449 (+9.5%), from €152,264 to €166,712
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 | €676,385 | €883,188 | +€206,803 | +30.6% |
| Fixed assets | 21/28 | €16,353 | €16,692 | +€339 | +2.1% |
| Tangible fixed assets | 22/27 | €16,353 | €16,692 | +€339 | +2.1% |
| Furniture and vehicles | 24 | €16,353 | €16,692 | +€339 | +2.1% |
| Current assets | 29/58 | €660,032 | €866,496 | +€206,464 | +31.3% |
| Amounts receivable within one year | 40/41 | €13,265 | - | -€13,265 | |
| Other amounts receivable | 41 | €13,265 | - | -€13,265 | |
| Cash at bank and in hand | 54/58 | €638,484 | €755,186 | +€116,702 | +18.3% |
| Deferred charges and accrued income | 490/1 | €8,284 | €111,310 | +€103,026 | +1,244% |
| Total equity and liabilities | 10/49 | €676,385 | €883,188 | +€206,803 | +30.6% |
| Equity | 10/15 | €621,433 | €804,087 | +€182,654 | +29.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €499,033 | €641,687 | +€142,654 | +28.6% |
| Distributable reserves | 133 | €499,033 | €641,687 | +€142,654 | +28.6% |
| Profit (loss) carried forward | 14 | €110,000 | €150,000 | +€40,000 | +36.4% |
| Amounts payable | 17/49 | €54,953 | €79,101 | +€24,149 | +43.9% |
| Amounts payable within one year | 42/48 | €54,953 | €79,101 | +€24,149 | +43.9% |
| Trade debts | 44 | €1,258 | €194 | -€1,064 | -84.6% |
| Suppliers | 440/4 | €1,258 | €194 | -€1,064 | -84.6% |
| Taxes, remuneration and social security | 45 | €52,264 | €59,212 | +€6,949 | +13.3% |
| Taxes | 450/3 | €52,264 | €59,212 | +€6,949 | +13.3% |
| Other amounts payable | 47/48 | €1,431 | €19,695 | +€18,264 | +1,276% |
| Remuneration, social security and pensions | 62 | €636 | - | -€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,793 | €8,513 | -€280 | -3.2% |
| Other operating charges | 640/8 | €1,573 | €1,878 | +€305 | +19.4% |
| Gross operating margin | 9900 | €535,381 | €589,874 | +€54,492 | +10.2% |
| Operating profit (loss) | 9901 | €524,380 | €579,483 | +€55,103 | +10.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.2% |
| Financial charges | 65/66B | €2,650 | €1,983 | -€666 | -25.1% |
| Recurring financial charges | 65 | €2,650 | €1,983 | -€666 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €521,730 | €577,500 | +€55,770 | +10.7% |
| Income taxes | 67/77 | €152,264 | €166,712 | +€14,449 | +9.5% |
| Profit (loss) for the period | 9904 | €369,466 | €410,787 | +€41,321 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €369,466 | €410,787 | +€41,321 | +11.2% |
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 17 October 2026 via checked.be.