Dr. J VAN DEN BERGH: 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. J VAN DEN BERGH
Largest movements
- Cash +€62,624
up €62,624 (+125%), from €50,269 to €112,893
mainly Net result for the year (+€125,737) and Receivables within one year (+€44,519)
- Deferred charges and accrued income +€51,992
up €51,992 (+1,758%), from €2,958 to €54,950
- Receivables within one year -€44,519
down €44,519 (-100%), from €44,519 to €0
of which Trade receivables: -€36,200
- Tangible fixed assets +€17,125
up €17,125 (+263%), from €6,505 to €23,630
of which Land and buildings: +€10,643
- Receivables after one year +€2,917
up €2,917 (+19.4%), from €15,000 to €17,917
of which Other amounts receivable: +€2,917
- Reserves +€75,712
up €75,712 (+75.7%), from €100,050 to €175,761
- Current portion of long-term debt +€13,336
new in 2025: €13,336
- Tax, wage and social debts +€5,809
up €5,809 (+104%), from €5,600 to €11,409
of which Taxes: +€5,809
- Other debts -€5,039
down €5,039 (-89.5%), from €5,632 to €593
- Trade debts -€3,871
down €3,871 (-84.5%), from €4,581 to €710
- Gross operating margin +€37,739
up €37,739 (+28.8%), from €131,026 to €168,765
- Taxes +€8,432
up €8,432 (+30.8%), from €27,377 to €35,809
- Depreciation +€3,393
up €3,393 (+154%), from €2,198 to €5,591
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 | €119,251 | €209,390 | +€90,139 | +75.6% |
| Fixed assets | 21/28 | €6,505 | €23,630 | +€17,125 | +263% |
| Tangible fixed assets | 22/27 | €6,505 | €23,630 | +€17,125 | +263% |
| Land and buildings | 22 | €4,670 | €15,314 | +€10,643 | +228% |
| Plant, machinery and equipment | 23 | €1,288 | €1,837 | +€549 | +42.6% |
| Furniture and vehicles | 24 | €546 | €6,479 | +€5,933 | +1,086% |
| Current assets | 29/58 | €112,746 | €185,760 | +€73,014 | +64.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €17,917 | +€2,917 | +19.4% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €15,000 | €17,917 | +€2,917 | +19.4% |
| Amounts receivable within one year | 40/41 | €44,519 | €0 | -€44,519 | -100% |
| Trade receivables | 40 | €36,200 | €0 | -€36,200 | -100% |
| Other amounts receivable | 41 | €8,319 | €0 | -€8,319 | -100% |
| Cash at bank and in hand | 54/58 | €50,269 | €112,893 | +€62,624 | +125% |
| Deferred charges and accrued income | 490/1 | €2,958 | €54,950 | +€51,992 | +1,758% |
| Total equity and liabilities | 10/49 | €119,251 | €209,390 | +€90,139 | +75.6% |
| Equity | 10/15 | €103,050 | €178,761 | +€75,712 | +73.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,050 | €175,761 | +€75,712 | +75.7% |
| Distributable reserves | 133 | €100,050 | €175,761 | +€75,712 | +75.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,201 | €30,628 | +€14,428 | +89.1% |
| Amounts payable after more than one year | 17 | - | €3,381 | +€3,381 | |
| Financial debts | 170/4 | - | €3,381 | +€3,381 | |
| Amounts payable within one year | 42/48 | €15,814 | €26,048 | +€10,234 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,336 | +€13,336 | |
| Trade debts | 44 | €4,581 | €710 | -€3,871 | -84.5% |
| Suppliers | 440/4 | €4,581 | €710 | -€3,871 | -84.5% |
| Taxes, remuneration and social security | 45 | €5,600 | €11,409 | +€5,809 | +104% |
| Taxes | 450/3 | €3,000 | €8,809 | +€5,809 | +194% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €5,632 | €593 | -€5,039 | -89.5% |
| Accrued charges and deferred income | 492/3 | €387 | €1,200 | +€813 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,198 | €5,591 | +€3,393 | +154% |
| Other operating charges | 640/8 | €750 | €722 | -€28 | -3.8% |
| Gross operating margin | 9900 | €131,026 | €168,765 | +€37,739 | +28.8% |
| Operating profit (loss) | 9901 | €128,078 | €162,452 | +€34,374 | +26.8% |
| Financial income | 75/76B | €600 | €296 | -€304 | -50.7% |
| Recurring financial income | 75 | €600 | €296 | -€304 | -50.7% |
| Financial charges | 65/66B | €1,250 | €1,202 | -€48 | -3.9% |
| Recurring financial charges | 65 | €1,250 | €1,202 | -€48 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €127,427 | €161,546 | +€34,119 | +26.8% |
| Income taxes | 67/77 | €27,377 | €35,809 | +€8,432 | +30.8% |
| Profit (loss) for the period | 9904 | €100,050 | €125,737 | +€25,687 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,050 | €125,737 | +€25,687 | +25.7% |
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 25 October 2026 via checked.be.