DR. I. BUNTINX: 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. I. BUNTINX
Largest movements
- Cash +€5,000
up €5,000 (+21.8%), from €22,906 to €27,906
mainly Depreciation (+€3,812) and Receivables within one year (+€3,324)
- Receivables within one year -€3,324
down €3,324 (-28.5%), from €11,667 to €8,342
- Tangible fixed assets -€1,024
down €1,024 (-10.6%), from €9,669 to €8,646
of which Plant, machinery and equipment: -€1,303
- Profit (loss) carried forward +€2,633
no longer reported in 2025 (was -€2,633)
- Reserves -€1,282
down €1,282 (-5.4%), from €23,939 to €22,657
- Other debts -€654
down €654 (-10.1%), from €6,503 to €5,849
- Gross operating margin -€52,264
down €52,264 (-84.2%), from €62,051 to €9,787
- Taxes -€1,688
down €1,688 (-30.6%), from €5,513 to €3,825
- Financial income -€793
down €793 (-100.0%), from €793 to €0
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 | €44,261 | €44,894 | +€633 | +1.4% |
| Fixed assets | 21/28 | €9,669 | €8,646 | -€1,024 | -10.6% |
| Tangible fixed assets | 22/27 | €9,669 | €8,646 | -€1,024 | -10.6% |
| Plant, machinery and equipment | 23 | €4,282 | €2,979 | -€1,303 | -30.4% |
| Furniture and vehicles | 24 | €709 | €399 | -€310 | -43.7% |
| Other tangible fixed assets | 26 | €4,678 | €5,268 | +€589 | +12.6% |
| Current assets | 29/58 | €34,592 | €36,248 | +€1,656 | +4.8% |
| Amounts receivable within one year | 40/41 | €11,667 | €8,342 | -€3,324 | -28.5% |
| Trade receivables | 40 | €11,667 | €8,342 | -€3,324 | -28.5% |
| Cash at bank and in hand | 54/58 | €22,906 | €27,906 | +€5,000 | +21.8% |
| Deferred charges and accrued income | 490/1 | €19 | - | -€19 | |
| Total equity and liabilities | 10/49 | €44,261 | €44,894 | +€633 | +1.4% |
| Equity | 10/15 | €33,706 | €35,057 | +€1,351 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,939 | €22,657 | -€1,282 | -5.4% |
| Distributable reserves | 133 | €23,939 | €22,657 | -€1,282 | -5.4% |
| Profit (loss) carried forward | 14 | -€2,633 | - | +€2,633 | |
| Amounts payable | 17/49 | €10,555 | €9,837 | -€718 | -6.8% |
| Amounts payable within one year | 42/48 | €10,555 | €9,837 | -€718 | -6.8% |
| Trade debts | 44 | €304 | €164 | -€141 | -46.2% |
| Suppliers | 440/4 | €304 | €164 | -€141 | -46.2% |
| Taxes, remuneration and social security | 45 | €3,749 | €3,825 | +€76 | +2.0% |
| Taxes | 450/3 | €3,749 | €3,825 | +€76 | +2.0% |
| Other amounts payable | 47/48 | €6,503 | €5,849 | -€654 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €3,812 | +€535 | +16.3% |
| Other operating charges | 640/8 | €631 | €552 | -€79 | -12.5% |
| Gross operating margin | 9900 | €62,051 | €9,787 | -€52,264 | -84.2% |
| Operating profit (loss) | 9901 | €58,143 | €5,423 | -€52,720 | -90.7% |
| Financial income | 75/76B | €793 | €0 | -€793 | -100.0% |
| Recurring financial income | 75 | €793 | €0 | -€793 | -100.0% |
| Financial charges | 65/66B | €223 | €247 | +€25 | +11.0% |
| Recurring financial charges | 65 | €223 | €247 | +€25 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €58,713 | €5,176 | -€53,537 | -91.2% |
| Income taxes | 67/77 | €5,513 | €3,825 | -€1,688 | -30.6% |
| Profit (loss) for the period | 9904 | €53,200 | €1,351 | -€51,849 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,200 | €1,351 | -€51,849 | -97.5% |
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 16 October 2026 via checked.be.