Dr. Hans Slabbynck: 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 Slabbynck
Largest movements
- Cash +€141,133
up €141,133 (+58.7%), from €240,574 to €381,707
mainly Net result for the year (+€174,700) and Other debts (+€3,221)
- Deferred charges and accrued income +€12,055
up €12,055 (+33.8%), from €35,703 to €47,757
- Reserves +€174,700
up €174,700 (+75.4%), from €231,832 to €406,532
- Tax, wage and social debts -€27,404
down €27,404 (-57.5%), from €47,622 to €20,218
- Gross operating margin -€85,707
down €85,707 (-25.3%), from €339,308 to €253,601
- Taxes -€27,404
down €27,404 (-26.7%), from €102,622 to €75,218
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 | €285,464 | €437,746 | +€152,282 | +53.3% |
| Fixed assets | 21/28 | €1,301 | €857 | -€445 | -34.2% |
| Tangible fixed assets | 22/27 | €1,301 | €857 | -€445 | -34.2% |
| Furniture and vehicles | 24 | €1,301 | €857 | -€445 | -34.2% |
| Current assets | 29/58 | €284,163 | €436,890 | +€152,727 | +53.7% |
| Amounts receivable within one year | 40/41 | €7,886 | €7,426 | -€460 | -5.8% |
| Other amounts receivable | 41 | €7,886 | €7,426 | -€460 | -5.8% |
| Cash at bank and in hand | 54/58 | €240,574 | €381,707 | +€141,133 | +58.7% |
| Deferred charges and accrued income | 490/1 | €35,703 | €47,757 | +€12,055 | +33.8% |
| Total equity and liabilities | 10/49 | €285,464 | €437,746 | +€152,282 | +53.3% |
| Equity | 10/15 | €234,332 | €409,032 | +€174,700 | +74.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €231,832 | €406,532 | +€174,700 | +75.4% |
| Distributable reserves | 133 | €231,832 | €406,532 | +€174,700 | +75.4% |
| Amounts payable | 17/49 | €51,132 | €28,714 | -€22,418 | -43.8% |
| Amounts payable within one year | 42/48 | €51,132 | €28,714 | -€22,418 | -43.8% |
| Trade debts | 44 | - | €1,765 | +€1,765 | |
| Suppliers | 440/4 | - | €1,765 | +€1,765 | |
| Taxes, remuneration and social security | 45 | €47,622 | €20,218 | -€27,404 | -57.5% |
| Taxes | 450/3 | €47,622 | €20,218 | -€27,404 | -57.5% |
| Other amounts payable | 47/48 | €3,510 | €6,731 | +€3,221 | +91.8% |
| Remuneration, social security and pensions | 62 | €3,483 | €2,712 | -€771 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €445 | +€62 | +16.2% |
| Other operating charges | 640/8 | €956 | €444 | -€512 | -53.6% |
| Gross operating margin | 9900 | €339,308 | €253,601 | -€85,707 | -25.3% |
| Operating profit (loss) | 9901 | €334,487 | €250,000 | -€84,486 | -25.3% |
| Financial income | 75/76B | €0 | €38 | +€38 | +383,400% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +383,400% |
| Financial charges | 65/66B | €33 | €120 | +€87 | +263% |
| Recurring financial charges | 65 | €33 | €120 | +€87 | +263% |
| Profit (loss) for the period before taxes | 9903 | €334,454 | €249,919 | -€84,535 | -25.3% |
| Income taxes | 67/77 | €102,622 | €75,218 | -€27,404 | -26.7% |
| Profit (loss) for the period | 9904 | €231,832 | €174,700 | -€57,132 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €231,832 | €174,700 | -€57,132 | -24.6% |
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 30 October 2026 via checked.be.