Dr. Iris Bombaert: 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. Iris Bombaert
Largest movements
- Tangible fixed assets +€7,855
up €7,855 (+170%), from €4,628 to €12,483
- Cash +€6,722
up €6,722 (+869%), from €774 to €7,496
mainly Net result for the year (+€62,184) and Other debts (+€8,600)
- Deferred charges and accrued income +€1,441
up €1,441 (+29.9%), from €4,820 to €6,260
- Other debts +€8,600
up €8,600 (+17.1%), from €50,224 to €58,824
- Short-term financial debts +€4,193
up €4,193 (+248%), from €1,690 to €5,884
- Reserves +€3,360
up €3,360 (+7.0%), from €48,292 to €51,652
- Gross operating margin +€12,680
up €12,680 (+17.4%), from €72,901 to €85,581
- Taxes +€2,708
up €2,708 (+14.4%), from €18,837 to €21,544
- Depreciation +€2,100
up €2,100 (+249%), from €845 to €2,945
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 | €112,611 | €129,500 | +€16,889 | +15.0% |
| Fixed assets | 21/28 | €4,628 | €12,483 | +€7,855 | +170% |
| Tangible fixed assets | 22/27 | €4,628 | €12,483 | +€7,855 | +170% |
| Furniture and vehicles | 24 | €4,628 | €12,483 | +€7,855 | +170% |
| Current assets | 29/58 | €107,983 | €117,017 | +€9,034 | +8.4% |
| Amounts receivable after more than one year | 29 | €50,500 | €50,500 | = | 0.0% |
| Other amounts receivable | 291 | €50,500 | €50,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,827 | €42,678 | +€851 | +2.0% |
| Trade receivables | 40 | €13,287 | €4,991 | -€8,296 | -62.4% |
| Other amounts receivable | 41 | €28,540 | €37,687 | +€9,147 | +32.0% |
| Current investments | 50/53 | €10,063 | €10,082 | +€20 | +0.2% |
| Cash at bank and in hand | 54/58 | €774 | €7,496 | +€6,722 | +869% |
| Deferred charges and accrued income | 490/1 | €4,820 | €6,260 | +€1,441 | +29.9% |
| Total equity and liabilities | 10/49 | €112,611 | €129,500 | +€16,889 | +15.0% |
| Equity | 10/15 | €53,292 | €56,652 | +€3,360 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,292 | €51,652 | +€3,360 | +7.0% |
| Distributable reserves | 133 | €48,292 | €51,652 | +€3,360 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,319 | €72,847 | +€13,529 | +22.8% |
| Amounts payable within one year | 42/48 | €59,319 | €72,847 | +€13,529 | +22.8% |
| Financial debts | 43 | €1,690 | €5,884 | +€4,193 | +248% |
| Credit institutions | 430/8 | €1,690 | €5,884 | +€4,193 | +248% |
| Trade debts | 44 | €4,095 | €4,104 | +€9 | +0.2% |
| Suppliers | 440/4 | €4,095 | €4,104 | +€9 | +0.2% |
| Taxes, remuneration and social security | 45 | €3,310 | €4,036 | +€726 | +21.9% |
| Taxes | 450/3 | €3,310 | €4,036 | +€726 | +21.9% |
| Other amounts payable | 47/48 | €50,224 | €58,824 | +€8,600 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €2,945 | +€2,100 | +249% |
| Other operating charges | 640/8 | €387 | €791 | +€403 | +104% |
| Gross operating margin | 9900 | €72,901 | €85,581 | +€12,680 | +17.4% |
| Operating profit (loss) | 9901 | €71,669 | €81,845 | +€10,176 | +14.2% |
| Financial income | 75/76B | €1,718 | €2,571 | +€853 | +49.6% |
| Recurring financial income | 75 | €1,718 | €2,571 | +€853 | +49.6% |
| Financial charges | 65/66B | €489 | €688 | +€199 | +40.7% |
| Recurring financial charges | 65 | €489 | €688 | +€199 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €72,898 | €83,728 | +€10,830 | +14.9% |
| Income taxes | 67/77 | €18,837 | €21,544 | +€2,708 | +14.4% |
| Profit (loss) for the period | 9904 | €54,061 | €62,184 | +€8,122 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,061 | €62,184 | +€8,122 | +15.0% |
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 19 October 2026 via checked.be.