Dr. Ine Decuyper: 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. Ine Decuyper
Largest movements
- Cash +€8,395
up €8,395 (+19.3%), from €43,394 to €51,789
mainly Net result for the year (+€14,443) and Deferred charges and accrued income (+€1,411)
- Deferred charges and accrued income -€1,411
down €1,411 (-41.7%), from €3,383 to €1,973
- Receivables within one year +€730
new in 2025: €730
- Reserves +€14,443
up €14,443 (+42.0%), from €34,409 to €48,852
- Tax, wage and social debts -€3,821
no longer reported in 2025 (was €3,821)
- Trade debts -€1,907
down €1,907 (-74.9%), from €2,546 to €639
- Debts after one year -€1,000
down €1,000 (-50.0%), from €2,000 to €1,000
- Gross operating margin -€11,290
down €11,290 (-37.7%), from €29,910 to €18,620
- Taxes -€2,444
down €2,444 (-35.7%), from €6,836 to €4,392
- Financial income +€357
up €357 (+736%), from €49 to €405
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 | €46,777 | €54,491 | +€7,714 | +16.5% |
| Current assets | 29/58 | €46,777 | €54,491 | +€7,714 | +16.5% |
| Amounts receivable within one year | 40/41 | - | €730 | +€730 | |
| Other amounts receivable | 41 | - | €730 | +€730 | |
| Cash at bank and in hand | 54/58 | €43,394 | €51,789 | +€8,395 | +19.3% |
| Deferred charges and accrued income | 490/1 | €3,383 | €1,973 | -€1,411 | -41.7% |
| Total equity and liabilities | 10/49 | €46,777 | €54,491 | +€7,714 | +16.5% |
| Equity | 10/15 | €38,409 | €52,852 | +€14,443 | +37.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €34,409 | €48,852 | +€14,443 | +42.0% |
| Distributable reserves | 133 | €34,409 | €48,852 | +€14,443 | +42.0% |
| Amounts payable | 17/49 | €8,367 | €1,639 | -€6,728 | -80.4% |
| Amounts payable after more than one year | 17 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Financial debts | 170/4 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Amounts payable within one year | 42/48 | €6,367 | €639 | -€5,728 | -90.0% |
| Trade debts | 44 | €2,546 | €639 | -€1,907 | -74.9% |
| Suppliers | 440/4 | €2,546 | €639 | -€1,907 | -74.9% |
| Taxes, remuneration and social security | 45 | €3,821 | - | -€3,821 | |
| Taxes | 450/3 | €3,821 | - | -€3,821 | |
| Other operating charges | 640/8 | €288 | €120 | -€168 | -58.3% |
| Gross operating margin | 9900 | €29,910 | €18,620 | -€11,290 | -37.7% |
| Operating profit (loss) | 9901 | €29,622 | €18,500 | -€11,122 | -37.5% |
| Financial income | 75/76B | €49 | €405 | +€357 | +736% |
| Recurring financial income | 75 | €49 | €405 | +€357 | +736% |
| Financial charges | 65/66B | €82 | €70 | -€11 | -13.9% |
| Recurring financial charges | 65 | €82 | €70 | -€11 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €29,589 | €18,835 | -€10,754 | -36.3% |
| Income taxes | 67/77 | €6,836 | €4,392 | -€2,444 | -35.7% |
| Profit (loss) for the period | 9904 | €22,753 | €14,443 | -€8,311 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,753 | €14,443 | -€8,311 | -36.5% |
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 28 October 2026 via checked.be.