Dr. Hilde Van Ransbeeck: what changed
Dr. Hilde Van Ransbeeck
Largest movements
- Deferred charges and accrued income +€37,294
up €37,294 (+94.4%), from €39,495 to €76,789
- Tangible fixed assets -€26,883
down €26,883 (-18.8%), from €142,638 to €115,755
of which Furniture and vehicles: -€25,529
- Cash +€11,306
up €11,306 (+10.1%), from €111,522 to €122,827
mainly Net result for the year (+€62,784) and Depreciation (+€26,887)
- Receivables within one year +€5,105
up €5,105 (+111%), from €4,599 to €9,704
- Reserves +€44,339
up €44,339 (+23.8%), from €186,397 to €230,736
- Debts after one year -€17,087
down €17,087 (-41.1%), from €41,553 to €24,467
- Other debts +€10,565
up €10,565 (+1,450%), from €729 to €11,293
- Accrued charges and deferred income -€8,681
down €8,681 (-58.7%), from €14,789 to €6,107
- Tax, wage and social debts -€3,365
down €3,365 (-15.5%), from €21,669 to €18,304
- Taxes +€2,435
up €2,435 (+8.7%), from €27,934 to €30,370
- Gross operating margin -€2,330
down €2,330 (-1.9%), from €124,127 to €121,796
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 | €299,904 | €326,726 | +€26,822 | +8.9% |
| Fixed assets | 21/28 | €144,288 | €117,405 | -€26,883 | -18.6% |
| Tangible fixed assets | 22/27 | €142,638 | €115,755 | -€26,883 | -18.8% |
| Plant, machinery and equipment | 23 | €4,254 | €3,032 | -€1,222 | -28.7% |
| Furniture and vehicles | 24 | €83,575 | €58,046 | -€25,529 | -30.5% |
| Other tangible fixed assets | 26 | €54,810 | €54,677 | -€133 | -0.2% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €155,615 | €209,321 | +€53,705 | +34.5% |
| Amounts receivable within one year | 40/41 | €4,599 | €9,704 | +€5,105 | +111% |
| Trade receivables | 40 | €4,599 | €9,704 | +€5,105 | +111% |
| Cash at bank and in hand | 54/58 | €111,522 | €122,827 | +€11,306 | +10.1% |
| Deferred charges and accrued income | 490/1 | €39,495 | €76,789 | +€37,294 | +94.4% |
| Total equity and liabilities | 10/49 | €299,904 | €326,726 | +€26,822 | +8.9% |
| Equity | 10/15 | €198,897 | €243,236 | +€44,339 | +22.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €186,397 | €230,736 | +€44,339 | +23.8% |
| Distributable reserves | 133 | €186,397 | €230,736 | +€44,339 | +23.8% |
| Amounts payable | 17/49 | €101,006 | €83,490 | -€17,516 | -17.3% |
| Amounts payable after more than one year | 17 | €41,553 | €24,467 | -€17,087 | -41.1% |
| Financial debts | 170/4 | €41,553 | €24,467 | -€17,087 | -41.1% |
| Amounts payable within one year | 42/48 | €44,664 | €52,916 | +€8,252 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €16,936 | €17,087 | +€151 | +0.9% |
| Trade debts | 44 | €5,330 | €6,231 | +€901 | +16.9% |
| Suppliers | 440/4 | €5,330 | €6,231 | +€901 | +16.9% |
| Taxes, remuneration and social security | 45 | €21,669 | €18,304 | -€3,365 | -15.5% |
| Taxes | 450/3 | €21,669 | €18,304 | -€3,365 | -15.5% |
| Other amounts payable | 47/48 | €729 | €11,293 | +€10,565 | +1,450% |
| Accrued charges and deferred income | 492/3 | €14,789 | €6,107 | -€8,681 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,462 | €26,887 | -€575 | -2.1% |
| Other operating charges | 640/8 | €865 | €1,004 | +€139 | +16.1% |
| Gross operating margin | 9900 | €124,127 | €121,796 | -€2,330 | -1.9% |
| Operating profit (loss) | 9901 | €95,800 | €93,906 | -€1,894 | -2.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €698 | €756 | +€58 | +8.3% |
| Recurring financial charges | 65 | €698 | €756 | +€58 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €95,101 | €93,154 | -€1,948 | -2.0% |
| Income taxes | 67/77 | €27,934 | €30,370 | +€2,435 | +8.7% |
| Profit (loss) for the period | 9904 | €67,167 | €62,784 | -€4,383 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,167 | €62,784 | -€4,383 | -6.5% |
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 6 November 2026 via checked.be.