Dr. Jolien Braet: what changed
What changed
Dr. Jolien Braet
filed annual accounts (NBB)
Net result for the year
€180,639
2024 · €136,578+€44,061
Equity
€5,000
2024 · €5,000
Cash
€107,686
2024 · €58,722+€48,964
Balance sheet total
€423,034
2024 · €394,135+€28,899
Largest movements
Assets
- Cash +€48,964
up €48,964 (+83.4%), from €58,722 to €107,686
mainly Net result for the year (+€180,639) and Other debts (+€46,096)
- Deferred charges and accrued income -€14,335
down €14,335 (-73.3%), from €19,562 to €5,227
- Tangible fixed assets -€8,541
down €8,541 (-2.7%), from €315,851 to €307,310
of which Land and buildings: -€7,401
Equity and liabilities
- Other debts +€46,096
up €46,096 (+33.7%), from €136,899 to €182,995
- Debts after one year -€12,588
down €12,588 (-5.6%), from €224,409 to €211,821
Income statement
- Gross operating margin +€51,416
up €51,416 (+25.2%), from €203,781 to €255,197
- Taxes +€16,340
up €16,340 (+40.9%), from €39,968 to €56,307
- Other operating charges -€11,135
down €11,135 (-83.8%), from €13,291 to €2,155
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€136,578
Gross operating margin
+€51,416
Depreciation
-€2,523
Other operating charges
+€11,135
Financial income
+€3
Financial charges
+€370
Taxes
-€16,340
Result 2025
€180,639
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€249,595
Investment
-€7,525
Financing
-€193,106
Cash 2024
€58,722
From operations (derived)
+€249,595
Net result for the year
+€180,639
Depreciation
+€13,254
Deferred charges and accrued income
+€14,335
Trade debts
-€1,052
Tax, wage and social debts
-€3,678
Other debts
+€46,096
Investment (derived)
-€7,525
Investment in fixed assets (net)
-€7,525
Financing
-€193,106
Debts after one year
-€12,588
Current portion of long-term debt
+€147
Short-term financial debts
-€25
Contributions, distributions and other
-€180,639
Cash 2025
€107,686
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,135 | €423,034 | +€28,899 | +7.3% |
| Fixed assets | 21/28 | €315,851 | €310,121 | -€5,730 | -1.8% |
| Intangible fixed assets | 21 | - | €2,811 | +€2,811 | |
| Tangible fixed assets | 22/27 | €315,851 | €307,310 | -€8,541 | -2.7% |
| Land and buildings | 22 | €309,694 | €302,293 | -€7,401 | -2.4% |
| Plant, machinery and equipment | 23 | €872 | €671 | -€201 | -23.0% |
| Furniture and vehicles | 24 | €5,284 | €4,346 | -€939 | -17.8% |
| Current assets | 29/58 | €78,284 | €112,913 | +€34,629 | +44.2% |
| Cash at bank and in hand | 54/58 | €58,722 | €107,686 | +€48,964 | +83.4% |
| Deferred charges and accrued income | 490/1 | €19,562 | €5,227 | -€14,335 | -73.3% |
| Total equity and liabilities | 10/49 | €394,135 | €423,034 | +€28,899 | +7.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €389,135 | €418,034 | +€28,899 | +7.4% |
| Amounts payable after more than one year | 17 | €224,409 | €211,821 | -€12,588 | -5.6% |
| Financial debts | 170/4 | €224,409 | €211,821 | -€12,588 | -5.6% |
| Amounts payable within one year | 42/48 | €164,405 | €205,893 | +€41,487 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €12,441 | €12,588 | +€147 | +1.2% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €4,266 | €3,214 | -€1,052 | -24.7% |
| Suppliers | 440/4 | €4,266 | €3,214 | -€1,052 | -24.7% |
| Taxes, remuneration and social security | 45 | €10,774 | €7,096 | -€3,678 | -34.1% |
| Taxes | 450/3 | €10,774 | €7,096 | -€3,678 | -34.1% |
| Other amounts payable | 47/48 | €136,899 | €182,995 | +€46,096 | +33.7% |
| Accrued charges and deferred income | 492/3 | €320 | €320 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,731 | €13,254 | +€2,523 | +23.5% |
| Other operating charges | 640/8 | €13,291 | €2,155 | -€11,135 | -83.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €203,781 | €255,197 | +€51,416 | +25.2% |
| Operating profit (loss) | 9901 | €179,760 | €239,788 | +€60,028 | +33.4% |
| Financial income | 75/76B | €0 | €4 | +€3 | +17,450% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +17,450% |
| Financial charges | 65/66B | €3,214 | €2,845 | -€370 | -11.5% |
| Recurring financial charges | 65 | €3,214 | €2,845 | -€370 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €176,546 | €236,947 | +€60,401 | +34.2% |
| Income taxes | 67/77 | €39,968 | €56,307 | +€16,340 | +40.9% |
| Profit (loss) for the period | 9904 | €136,578 | €180,639 | +€44,061 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,578 | €180,639 | +€44,061 | +32.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.