Dr. K. Van Loon: 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. K. Van Loon
Largest movements
- Cash +€38,358
up €38,358 (+267%), from €14,365 to €52,723
mainly Net result for the year (+€30,101) and Receivables within one year (+€10,651)
- Receivables within one year -€10,651
down €10,651 (-100%), from €10,651 to €0
of which Trade receivables: -€10,649
- Deferred charges and accrued income +€8,014
up €8,014 (+905%), from €886 to €8,900
- Tangible fixed assets +€799
up €799 (+25.3%), from €3,159 to €3,958
- Reserves +€30,101
up €30,101 (+172%), from €17,482 to €47,583
- Tax, wage and social debts +€3,733
up €3,733 (+41.2%), from €9,065 to €12,798
- Trade debts +€1,147
up €1,147, from €0 to €1,147
- Other debts +€922
up €922, from €0 to €922
- Gross operating margin +€31,812
up €31,812 (+311%), from €10,229 to €42,041
- Taxes +€6,267
up €6,267 (+259%), from €2,416 to €8,682
- Financial charges +€1,771
up €1,771 (+693%), from €256 to €2,027
- Depreciation -€437
down €437 (-36.2%), from €1,207 to €770
- Financial income -€422
down €422 (-68.5%), from €616 to €194
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 | €29,061 | €65,581 | +€36,520 | +126% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,159 | €3,958 | +€799 | +25.3% |
| Tangible fixed assets | 22/27 | €3,159 | €3,958 | +€799 | +25.3% |
| Plant, machinery and equipment | 23 | €3,159 | €3,958 | +€799 | +25.3% |
| Current assets | 29/58 | €25,902 | €61,623 | +€35,721 | +138% |
| Amounts receivable within one year | 40/41 | €10,651 | €0 | -€10,651 | -100% |
| Trade receivables | 40 | €10,649 | €0 | -€10,649 | -100% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Cash at bank and in hand | 54/58 | €14,365 | €52,723 | +€38,358 | +267% |
| Deferred charges and accrued income | 490/1 | €886 | €8,900 | +€8,014 | +905% |
| Total equity and liabilities | 10/49 | €29,061 | €65,581 | +€36,520 | +126% |
| Equity | 10/15 | €19,982 | €50,083 | +€30,101 | +151% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,482 | €47,583 | +€30,101 | +172% |
| Distributable reserves | 133 | €17,482 | €47,583 | +€30,101 | +172% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,079 | €15,498 | +€6,420 | +70.7% |
| Amounts payable within one year | 42/48 | €9,079 | €14,882 | +€5,803 | +63.9% |
| Financial debts | 43 | €14 | €15 | +€1 | +5.0% |
| Credit institutions | 430/8 | €14 | €15 | +€1 | +5.0% |
| Trade debts | 44 | €0 | €1,147 | +€1,147 | |
| Suppliers | 440/4 | €0 | €1,147 | +€1,147 | |
| Taxes, remuneration and social security | 45 | €9,065 | €12,798 | +€3,733 | +41.2% |
| Taxes | 450/3 | €9,065 | €12,798 | +€3,733 | +41.2% |
| Other amounts payable | 47/48 | €0 | €922 | +€922 | |
| Accrued charges and deferred income | 492/3 | - | €616 | +€616 | |
| Remuneration, social security and pensions | 62 | €148 | €412 | +€265 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,207 | €770 | -€437 | -36.2% |
| Other operating charges | 640/8 | €62 | €244 | +€182 | +294% |
| Gross operating margin | 9900 | €10,229 | €42,041 | +€31,812 | +311% |
| Operating profit (loss) | 9901 | €8,813 | €40,615 | +€31,802 | +361% |
| Financial income | 75/76B | €616 | €194 | -€422 | -68.5% |
| Recurring financial income | 75 | €616 | €194 | -€422 | -68.5% |
| Financial charges | 65/66B | €256 | €2,027 | +€1,771 | +693% |
| Recurring financial charges | 65 | €256 | €2,027 | +€1,771 | +693% |
| Profit (loss) for the period before taxes | 9903 | €9,174 | €38,783 | +€29,609 | +323% |
| Income taxes | 67/77 | €2,416 | €8,682 | +€6,267 | +259% |
| Profit (loss) for the period | 9904 | €6,758 | €30,101 | +€23,342 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €6,758 | €30,101 | +€23,342 | +345% |
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 14 October 2026 via checked.be.