Dr. Ken Ossenblok: 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. Ken Ossenblok
Largest movements
- Cash +€119,371
up €119,371 (+25.6%), from €466,755 to €586,125
mainly Net result for the year (+€268,788) and Other debts (+€3,544)
- Current investments +€84,614
new in 2025: €84,614
- Deferred charges and accrued income +€46,120
up €46,120 (+2,655%), from €1,737 to €47,857
- Reserves +€268,788
up €268,788 (+74.5%), from €360,962 to €629,750
- Tax, wage and social debts -€21,581
down €21,581 (-19.5%), from €110,513 to €88,932
of which Taxes: -€25,055
- Gross operating margin +€149,386
up €149,386 (+68.3%), from €218,853 to €368,238
- Taxes +€36,414
up €36,414 (+72.8%), from €50,011 to €86,425
- Financial charges +€17,051
up €17,051 (+698%), from €2,441 to €19,493
- Financial income +€10,305
new in 2025: €10,305
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 | €475,327 | €727,420 | +€252,093 | +53.0% |
| Fixed assets | 21/28 | €6,835 | €8,824 | +€1,989 | +29.1% |
| Tangible fixed assets | 22/27 | €6,835 | €8,824 | +€1,989 | +29.1% |
| Plant, machinery and equipment | 23 | €5,340 | €4,036 | -€1,304 | -24.4% |
| Furniture and vehicles | 24 | €1,495 | €4,788 | +€3,293 | +220% |
| Current assets | 29/58 | €468,492 | €718,596 | +€250,104 | +53.4% |
| Current investments | 50/53 | - | €84,614 | +€84,614 | |
| Cash at bank and in hand | 54/58 | €466,755 | €586,125 | +€119,371 | +25.6% |
| Deferred charges and accrued income | 490/1 | €1,737 | €47,857 | +€46,120 | +2,655% |
| Total equity and liabilities | 10/49 | €475,327 | €727,420 | +€252,093 | +53.0% |
| Equity | 10/15 | €361,962 | €630,750 | +€268,788 | +74.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €360,962 | €629,750 | +€268,788 | +74.5% |
| Distributable reserves | 133 | €360,962 | €629,750 | +€268,788 | +74.5% |
| Amounts payable | 17/49 | €113,365 | €96,670 | -€16,696 | -14.7% |
| Amounts payable within one year | 42/48 | €113,365 | €96,670 | -€16,696 | -14.7% |
| Trade debts | 44 | - | €1,342 | +€1,342 | |
| Suppliers | 440/4 | - | €1,342 | +€1,342 | |
| Taxes, remuneration and social security | 45 | €110,513 | €88,932 | -€21,581 | -19.5% |
| Taxes | 450/3 | €110,513 | €85,458 | -€25,055 | -22.7% |
| Remuneration and social security | 454/9 | - | €3,474 | +€3,474 | |
| Other amounts payable | 47/48 | €2,852 | €6,396 | +€3,544 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,282 | €3,074 | +€792 | +34.7% |
| Other operating charges | 640/8 | €918 | €764 | -€154 | -16.8% |
| Gross operating margin | 9900 | €218,853 | €368,238 | +€149,386 | +68.3% |
| Operating profit (loss) | 9901 | €215,653 | €364,401 | +€148,747 | +69.0% |
| Financial income | 75/76B | - | €10,305 | +€10,305 | |
| Recurring financial income | 75 | - | €10,305 | +€10,305 | |
| Financial charges | 65/66B | €2,441 | €19,493 | +€17,051 | +698% |
| Recurring financial charges | 65 | €2,441 | €19,493 | +€17,051 | +698% |
| Profit (loss) for the period before taxes | 9903 | €213,212 | €355,213 | +€142,001 | +66.6% |
| Income taxes | 67/77 | €50,011 | €86,425 | +€36,414 | +72.8% |
| Profit (loss) for the period | 9904 | €163,201 | €268,788 | +€105,587 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,201 | €268,788 | +€105,587 | +64.7% |
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 28 October 2026 via checked.be.