Dr. Kim Bekelaar: what changed
Dr. Kim Bekelaar
Largest movements
- Current investments +€84,334
up €84,334 (+28.8%), from €292,584 to €376,919
- Cash +€31,540
up €31,540 (+454%), from €6,943 to €38,483
mainly Net result for the year (+€131,547) and Depreciation (+€20,164)
- Tangible fixed assets -€18,400
down €18,400 (-23.4%), from €78,464 to €60,065
of which Furniture and vehicles: -€17,701
- Reserves +€131,547
up €131,547 (+42.1%), from €312,833 to €444,380
- Other debts -€35,451
no longer reported in 2025 (was €35,451)
- Tax, wage and social debts +€15,613
up €15,613 (+317%), from €4,925 to €20,539
- Accrued charges and deferred income -€11,982
down €11,982 (-81.1%), from €14,782 to €2,800
- Financial income +€24,941
up €24,941 (+470%), from €5,311 to €30,251
- Taxes +€8,079
up €8,079 (+18.5%), from €43,615 to €51,694
- Gross operating margin +€7,478
up €7,478 (+4.5%), from €167,169 to €174,648
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,691 | €479,702 | +€100,011 | +26.3% |
| Fixed assets | 21/28 | €78,464 | €60,065 | -€18,400 | -23.4% |
| Tangible fixed assets | 22/27 | €78,464 | €60,065 | -€18,400 | -23.4% |
| Plant, machinery and equipment | 23 | €15,660 | €14,961 | -€699 | -4.5% |
| Furniture and vehicles | 24 | €62,804 | €45,103 | -€17,701 | -28.2% |
| Current assets | 29/58 | €301,227 | €419,637 | +€118,410 | +39.3% |
| Amounts receivable within one year | 40/41 | - | €2,536 | +€2,536 | |
| Other amounts receivable | 41 | - | €2,536 | +€2,536 | |
| Current investments | 50/53 | €292,584 | €376,919 | +€84,334 | +28.8% |
| Cash at bank and in hand | 54/58 | €6,943 | €38,483 | +€31,540 | +454% |
| Deferred charges and accrued income | 490/1 | €1,700 | €1,700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €379,691 | €479,702 | +€100,011 | +26.3% |
| Equity | 10/15 | €322,833 | €454,380 | +€131,547 | +40.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €312,833 | €444,380 | +€131,547 | +42.1% |
| Distributable reserves | 133 | €312,833 | €444,380 | +€131,547 | +42.1% |
| Amounts payable | 17/49 | €56,858 | €25,322 | -€31,536 | -55.5% |
| Amounts payable within one year | 42/48 | €42,076 | €22,522 | -€19,554 | -46.5% |
| Trade debts | 44 | €1,700 | €1,984 | +€284 | +16.7% |
| Suppliers | 440/4 | €1,700 | €1,984 | +€284 | +16.7% |
| Taxes, remuneration and social security | 45 | €4,925 | €20,539 | +€15,613 | +317% |
| Taxes | 450/3 | €4,925 | €20,539 | +€15,613 | +317% |
| Other amounts payable | 47/48 | €35,451 | - | -€35,451 | |
| Accrued charges and deferred income | 492/3 | €14,782 | €2,800 | -€11,982 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,545 | €20,164 | +€1,619 | +8.7% |
| Other operating charges | 640/8 | €64 | €190 | +€126 | +197% |
| Gross operating margin | 9900 | €167,169 | €174,648 | +€7,478 | +4.5% |
| Operating profit (loss) | 9901 | €148,561 | €154,294 | +€5,733 | +3.9% |
| Financial income | 75/76B | €5,311 | €30,251 | +€24,941 | +470% |
| Recurring financial income | 75 | €5,311 | €30,251 | +€24,941 | +470% |
| Financial charges | 65/66B | €217 | €1,305 | +€1,088 | +501% |
| Recurring financial charges | 65 | €217 | €1,305 | +€1,088 | +501% |
| Profit (loss) for the period before taxes | 9903 | €153,654 | €183,240 | +€29,586 | +19.3% |
| Income taxes | 67/77 | €43,615 | €51,694 | +€8,079 | +18.5% |
| Profit (loss) for the period | 9904 | €110,039 | €131,547 | +€21,507 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €110,039 | €131,547 | +€21,507 | +19.5% |
Next steps
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 7 November 2026 via checked.be.