Dr. Imke Bytebier: 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. Imke Bytebier
Largest movements
- Cash +€55,459
up €55,459 (+59.6%), from €93,050 to €148,509
mainly Net result for the year (+€43,042) and Depreciation (+€29,963)
- Tangible fixed assets -€18,411
down €18,411 (-27.3%), from €67,349 to €48,937
of which Other tangible fixed assets: -€10,485
- Intangible fixed assets -€15,231
down €15,231 (-11.4%), from €134,083 to €118,852
- Receivables within one year +€14,620
new in 2025: €14,620
- Profit (loss) carried forward +€43,042
up €43,042 (+95.2%), from €45,191 to €88,233
- Other debts -€13,107
down €13,107 (-5.9%), from €224,021 to €210,915
- Tax, wage and social debts +€10,910
up €10,910 (+71.4%), from €15,280 to €26,190
- Trade debts -€4,381
down €4,381 (-82.0%), from €5,342 to €961
- Gross operating margin -€7,799
down €7,799 (-8.1%), from €95,760 to €87,961
- Taxes -€4,370
down €4,370 (-28.6%), from €15,280 to €10,910
- Depreciation -€3,351
down €3,351 (-10.1%), from €33,314 to €29,963
- Financial charges +€1,818
up €1,818 (+510%), from €356 to €2,175
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 | €294,834 | €332,199 | +€37,365 | +12.7% |
| Fixed assets | 21/28 | €201,432 | €167,790 | -€33,642 | -16.7% |
| Intangible fixed assets | 21 | €134,083 | €118,852 | -€15,231 | -11.4% |
| Tangible fixed assets | 22/27 | €67,349 | €48,937 | -€18,411 | -27.3% |
| Plant, machinery and equipment | 23 | €6,727 | €1,788 | -€4,939 | -73.4% |
| Furniture and vehicles | 24 | €10,887 | €7,900 | -€2,987 | -27.4% |
| Other tangible fixed assets | 26 | €49,735 | €39,249 | -€10,485 | -21.1% |
| Current assets | 29/58 | €93,402 | €164,409 | +€71,007 | +76.0% |
| Amounts receivable within one year | 40/41 | - | €14,620 | +€14,620 | |
| Other amounts receivable | 41 | - | €14,620 | +€14,620 | |
| Cash at bank and in hand | 54/58 | €93,050 | €148,509 | +€55,459 | +59.6% |
| Deferred charges and accrued income | 490/1 | €352 | €1,280 | +€928 | +264% |
| Total equity and liabilities | 10/49 | €294,834 | €332,199 | +€37,365 | +12.7% |
| Equity | 10/15 | €50,191 | €93,233 | +€43,042 | +85.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,191 | €88,233 | +€43,042 | +95.2% |
| Amounts payable | 17/49 | €244,643 | €238,966 | -€5,677 | -2.3% |
| Amounts payable within one year | 42/48 | €244,643 | €238,066 | -€6,577 | -2.7% |
| Trade debts | 44 | €5,342 | €961 | -€4,381 | -82.0% |
| Suppliers | 440/4 | €5,342 | €961 | -€4,381 | -82.0% |
| Taxes, remuneration and social security | 45 | €15,280 | €26,190 | +€10,910 | +71.4% |
| Taxes | 450/3 | €15,280 | €26,190 | +€10,910 | +71.4% |
| Other amounts payable | 47/48 | €224,021 | €210,915 | -€13,107 | -5.9% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Non-recurring operating income | 76A | - | €1,942 | +€1,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,314 | €29,963 | -€3,351 | -10.1% |
| Other operating charges | 640/8 | €1,619 | €1,668 | +€48 | +3.0% |
| Non-recurring operating charges | 66A | - | €203 | +€203 | |
| Gross operating margin | 9900 | €95,760 | €87,961 | -€7,799 | -8.1% |
| Operating profit (loss) | 9901 | €60,827 | €56,127 | -€4,700 | -7.7% |
| Financial charges | 65/66B | €356 | €2,175 | +€1,818 | +510% |
| Recurring financial charges | 65 | €356 | €2,175 | +€1,818 | +510% |
| Profit (loss) for the period before taxes | 9903 | €60,470 | €53,953 | -€6,518 | -10.8% |
| Income taxes | 67/77 | €15,280 | €10,910 | -€4,370 | -28.6% |
| Profit (loss) for the period | 9904 | €45,191 | €43,042 | -€2,148 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,191 | €43,042 | -€2,148 | -4.8% |
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 14 October 2026 via checked.be.