DR. KATRIEN DECHAMPS: 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. KATRIEN DECHAMPS
Largest movements
- Cash -€52,195
down €52,195 (-56.4%), from €92,503 to €40,308
mainly Contributions, distributions and other (-€40,000) and Current portion of long-term debt (-€29,704)
- Tangible fixed assets -€35,195
down €35,195 (-36.8%), from €95,545 to €60,350
of which Furniture and vehicles: -€32,019
- Receivables within one year +€15,404
up €15,404 (+83.3%), from €18,485 to €33,888
of which Other amounts receivable: +€11,067
- Current portion of long-term debt -€29,704
down €29,704 (-78.1%), from €38,013 to €8,309
- Tax, wage and social debts -€27,854
down €27,854 (-90.5%), from €30,779 to €2,925
- Debts after one year -€15,817
down €15,817 (-71.5%), from €22,124 to €6,307
- Gross operating margin -€49,226
down €49,226 (-35.4%), from €138,892 to €89,666
- Taxes -€7,582
down €7,582 (-35.2%), from €21,516 to €13,933
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 | €228,891 | €156,759 | -€72,132 | -31.5% |
| Fixed assets | 21/28 | €95,545 | €60,350 | -€35,195 | -36.8% |
| Tangible fixed assets | 22/27 | €95,545 | €60,350 | -€35,195 | -36.8% |
| Furniture and vehicles | 24 | €41,541 | €9,522 | -€32,019 | -77.1% |
| Other tangible fixed assets | 26 | €54,004 | €50,828 | -€3,177 | -5.9% |
| Current assets | 29/58 | €133,346 | €96,410 | -€36,937 | -27.7% |
| Amounts receivable within one year | 40/41 | €18,485 | €33,888 | +€15,404 | +83.3% |
| Trade receivables | 40 | - | €4,337 | +€4,337 | |
| Other amounts receivable | 41 | €18,485 | €29,551 | +€11,067 | +59.9% |
| Cash at bank and in hand | 54/58 | €92,503 | €40,308 | -€52,195 | -56.4% |
| Deferred charges and accrued income | 490/1 | €22,358 | €22,213 | -€145 | -0.6% |
| Total equity and liabilities | 10/49 | €228,891 | €156,759 | -€72,132 | -31.5% |
| Equity | 10/15 | €54,921 | €53,771 | -€1,151 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,321 | €35,171 | -€1,151 | -3.2% |
| Distributable reserves | 133 | €36,321 | €35,171 | -€1,151 | -3.2% |
| Amounts payable | 17/49 | €173,970 | €102,989 | -€70,981 | -40.8% |
| Amounts payable after more than one year | 17 | €22,124 | €6,307 | -€15,817 | -71.5% |
| Financial debts | 170/4 | €22,124 | €6,307 | -€15,817 | -71.5% |
| Amounts payable within one year | 42/48 | €151,846 | €96,682 | -€55,164 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €38,013 | €8,309 | -€29,704 | -78.1% |
| Trade debts | 44 | €2,360 | €3,640 | +€1,280 | +54.2% |
| Suppliers | 440/4 | €2,360 | €3,640 | +€1,280 | +54.2% |
| Taxes, remuneration and social security | 45 | €30,779 | €2,925 | -€27,854 | -90.5% |
| Taxes | 450/3 | €30,779 | €2,925 | -€27,854 | -90.5% |
| Other amounts payable | 47/48 | €80,693 | €81,808 | +€1,114 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,475 | €35,195 | -€279 | -0.8% |
| Other operating charges | 640/8 | €1,464 | €518 | -€945 | -64.6% |
| Gross operating margin | 9900 | €138,892 | €89,666 | -€49,226 | -35.4% |
| Operating profit (loss) | 9901 | €101,954 | €53,952 | -€48,002 | -47.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €1,129 | €1,170 | +€41 | +3.6% |
| Recurring financial charges | 65 | €1,129 | €1,170 | +€41 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €100,825 | €52,782 | -€48,043 | -47.6% |
| Income taxes | 67/77 | €21,516 | €13,933 | -€7,582 | -35.2% |
| Profit (loss) for the period | 9904 | €79,309 | €38,849 | -€40,460 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,309 | €38,849 | -€40,460 | -51.0% |
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.