Dr. Joke Van Herck: 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. Joke Van Herck
Largest movements
- Cash +€11,140
up €11,140 (+13.9%), from €79,872 to €91,012
mainly Other debts (+€30,915) and Net result for the year (+€20,212)
- Receivables within one year +€1,384
up €1,384 (+18.9%), from €7,337 to €8,721
of which Trade receivables: +€1,636
- Other debts +€30,915
up €30,915 (+378%), from €8,184 to €39,098
- Reserves -€18,760
down €18,760 (-25.2%), from €74,402 to €55,641
- Gross operating margin +€9,934
up €9,934 (+46.0%), from €21,582 to €31,516
- Taxes +€5,169
up €5,169 (+96.6%), from €5,352 to €10,521
- Financial charges -€412
down €412 (-84.6%), from €487 to €75
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 | €89,123 | €101,354 | +€12,231 | +13.7% |
| Current assets | 29/58 | €89,123 | €101,354 | +€12,231 | +13.7% |
| Amounts receivable within one year | 40/41 | €7,337 | €8,721 | +€1,384 | +18.9% |
| Trade receivables | 40 | €5,188 | €6,825 | +€1,636 | +31.5% |
| Other amounts receivable | 41 | €2,148 | €1,896 | -€253 | -11.8% |
| Cash at bank and in hand | 54/58 | €79,872 | €91,012 | +€11,140 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,914 | €1,622 | -€293 | -15.3% |
| Total equity and liabilities | 10/49 | €89,123 | €101,354 | +€12,231 | +13.7% |
| Equity | 10/15 | €79,402 | €60,641 | -€18,760 | -23.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,402 | €55,641 | -€18,760 | -25.2% |
| Distributable reserves | 133 | €74,402 | €55,641 | -€18,760 | -25.2% |
| Amounts payable | 17/49 | €9,722 | €40,713 | +€30,991 | +319% |
| Amounts payable within one year | 42/48 | €8,562 | €40,082 | +€31,520 | +368% |
| Trade debts | 44 | €378 | €462 | +€84 | +22.2% |
| Suppliers | 440/4 | €378 | €462 | +€84 | +22.2% |
| Taxes, remuneration and social security | 45 | - | €521 | +€521 | |
| Taxes | 450/3 | - | €521 | +€521 | |
| Other amounts payable | 47/48 | €8,184 | €39,098 | +€30,915 | +378% |
| Accrued charges and deferred income | 492/3 | €1,160 | €631 | -€529 | -45.6% |
| Other operating charges | 640/8 | €903 | €995 | +€92 | +10.2% |
| Gross operating margin | 9900 | €21,582 | €31,516 | +€9,934 | +46.0% |
| Operating profit (loss) | 9901 | €20,679 | €30,521 | +€9,842 | +47.6% |
| Financial income | 75/76B | - | €287 | +€287 | |
| Recurring financial income | 75 | - | €287 | +€287 | |
| Financial charges | 65/66B | €487 | €75 | -€412 | -84.6% |
| Recurring financial charges | 65 | €487 | €75 | -€412 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €20,192 | €30,733 | +€10,541 | +52.2% |
| Income taxes | 67/77 | €5,352 | €10,521 | +€5,169 | +96.6% |
| Profit (loss) for the period | 9904 | €14,840 | €20,212 | +€5,372 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,840 | €20,212 | +€5,372 | +36.2% |
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 1 November 2026 via checked.be.