Dr. KATRIEN VAN HOORICK: 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 VAN HOORICK
Largest movements
- Cash +€6,744
up €6,744 (+16.4%), from €41,100 to €47,844
mainly Net result for the year (+€23,554) and Depreciation (+€1,522)
- Tangible fixed assets +€4,296
up €4,296 (+200%), from €2,149 to €6,446
of which Land and buildings: +€3,027
- Receivables within one year +€3,439
up €3,439 (+11.3%), from €30,496 to €33,935
- Reserves +€14,928
up €14,928 (+22.1%), from €67,463 to €82,391
- Other debts -€1,097
down €1,097 (-31.5%), from €3,481 to €2,384
- Gross operating margin +€12,352
up €12,352 (+54.4%), from €22,694 to €35,046
- Taxes +€2,857
up €2,857 (+46.0%), from €6,204 to €9,061
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 | €74,394 | €88,225 | +€13,831 | +18.6% |
| Fixed assets | 21/28 | €2,149 | €6,446 | +€4,296 | +200% |
| Tangible fixed assets | 22/27 | €2,149 | €6,446 | +€4,296 | +200% |
| Land and buildings | 22 | - | €3,027 | +€3,027 | |
| Plant, machinery and equipment | 23 | - | €1,876 | +€1,876 | |
| Furniture and vehicles | 24 | €2,149 | €1,543 | -€607 | -28.2% |
| Current assets | 29/58 | €72,244 | €81,779 | +€9,535 | +13.2% |
| Amounts receivable within one year | 40/41 | €30,496 | €33,935 | +€3,439 | +11.3% |
| Other amounts receivable | 41 | €30,496 | €33,935 | +€3,439 | +11.3% |
| Cash at bank and in hand | 54/58 | €41,100 | €47,844 | +€6,744 | +16.4% |
| Deferred charges and accrued income | 490/1 | €649 | - | -€649 | |
| Total equity and liabilities | 10/49 | €74,394 | €88,225 | +€13,831 | +18.6% |
| Equity | 10/15 | €67,463 | €82,391 | +€14,928 | +22.1% |
| Reserves | 13 | €67,463 | €82,391 | +€14,928 | +22.1% |
| Distributable reserves | 133 | €67,463 | €82,391 | +€14,928 | +22.1% |
| Amounts payable | 17/49 | €6,931 | €5,834 | -€1,097 | -15.8% |
| Amounts payable within one year | 42/48 | €6,931 | €5,834 | -€1,097 | -15.8% |
| Taxes, remuneration and social security | 45 | €3,450 | €3,450 | = | 0.0% |
| Taxes | 450/3 | €3,450 | €3,450 | = | 0.0% |
| Other amounts payable | 47/48 | €3,481 | €2,384 | -€1,097 | -31.5% |
| Non-recurring operating income | 76A | €1,849 | - | -€1,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €1,522 | +€300 | +24.6% |
| Other operating charges | 640/8 | €505 | €789 | +€284 | +56.2% |
| Gross operating margin | 9900 | €22,694 | €35,046 | +€12,352 | +54.4% |
| Operating profit (loss) | 9901 | €20,967 | €32,735 | +€11,768 | +56.1% |
| Financial charges | 65/66B | €118 | €120 | +€2 | +1.7% |
| Recurring financial charges | 65 | €118 | €120 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €20,849 | €32,615 | +€11,766 | +56.4% |
| Income taxes | 67/77 | €6,204 | €9,061 | +€2,857 | +46.0% |
| Profit (loss) for the period | 9904 | €14,645 | €23,554 | +€8,909 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,645 | €23,554 | +€8,909 | +60.8% |
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.