Dr. Kris Moens: 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. Kris Moens
Largest movements
- Cash +€155,376
up €155,376 (+72.5%), from €214,459 to €369,836
mainly Net result for the year (+€171,874) and Receivables after one year (+€140,448)
- Receivables after one year -€140,448
down €140,448 (-43.9%), from €320,000 to €179,552
- Receivables within one year -€43,279
down €43,279 (-100%), from €43,279 to €0
of which Other amounts receivable: -€43,279
- Intangible fixed assets -€25,000
down €25,000 (-19.7%), from €127,049 to €102,049
- Deferred charges and accrued income +€7,434
up €7,434 (+393%), from €1,890 to €9,324
- Debts after one year -€25,272
down €25,272 (-23.7%), from €106,697 to €81,426
- Reserves -€24,407
down €24,407 (-4.3%), from €561,700 to €537,293
- Trade debts +€8,935
up €8,935 (+268%), from €3,336 to €12,271
- Gross operating margin +€23,771
up €23,771 (+9.6%), from €246,943 to €270,714
- Taxes +€8,551
up €8,551 (+12.9%), from €66,389 to €74,940
- Depreciation -€3,538
down €3,538 (-10.4%), from €34,099 to €30,561
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 | €719,237 | €679,361 | -€39,876 | -5.5% |
| Fixed assets | 21/28 | €139,609 | €120,650 | -€18,959 | -13.6% |
| Intangible fixed assets | 21 | €127,049 | €102,049 | -€25,000 | -19.7% |
| Tangible fixed assets | 22/27 | €11,660 | €17,701 | +€6,042 | +51.8% |
| Plant, machinery and equipment | 23 | €10,242 | €14,610 | +€4,368 | +42.6% |
| Furniture and vehicles | 24 | €1,418 | €3,091 | +€1,674 | +118% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €579,628 | €558,711 | -€20,917 | -3.6% |
| Amounts receivable after more than one year | 29 | €320,000 | €179,552 | -€140,448 | -43.9% |
| Trade receivables | 290 | €320,000 | €179,552 | -€140,448 | -43.9% |
| Amounts receivable within one year | 40/41 | €43,279 | €0 | -€43,279 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €43,279 | €0 | -€43,279 | -100% |
| Cash at bank and in hand | 54/58 | €214,459 | €369,836 | +€155,376 | +72.5% |
| Deferred charges and accrued income | 490/1 | €1,890 | €9,324 | +€7,434 | +393% |
| Total equity and liabilities | 10/49 | €719,237 | €679,361 | -€39,876 | -5.5% |
| Equity | 10/15 | €566,919 | €542,293 | -€24,626 | -4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €561,700 | €537,293 | -€24,407 | -4.3% |
| Distributable reserves | 133 | €561,700 | €537,293 | -€24,407 | -4.3% |
| Profit (loss) carried forward | 14 | €219 | €0 | -€219 | -100% |
| Amounts payable | 17/49 | €152,318 | €137,068 | -€15,250 | -10.0% |
| Amounts payable after more than one year | 17 | €106,697 | €81,426 | -€25,272 | -23.7% |
| Financial debts | 170/4 | €106,697 | €81,426 | -€25,272 | -23.7% |
| Amounts payable within one year | 42/48 | €45,621 | €55,643 | +€10,022 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €25,063 | €25,272 | +€209 | +0.8% |
| Trade debts | 44 | €3,336 | €12,271 | +€8,935 | +268% |
| Suppliers | 440/4 | €3,336 | €12,271 | +€8,935 | +268% |
| Taxes, remuneration and social security | 45 | €16,639 | €17,440 | +€801 | +4.8% |
| Taxes | 450/3 | €16,639 | €17,440 | +€801 | +4.8% |
| Other amounts payable | 47/48 | €583 | €660 | +€77 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,099 | €30,561 | -€3,538 | -10.4% |
| Other operating charges | 640/8 | €341 | €244 | -€96 | -28.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €246,943 | €270,714 | +€23,771 | +9.6% |
| Operating profit (loss) | 9901 | €212,503 | €239,909 | +€27,406 | +12.9% |
| Financial income | 75/76B | €10,000 | €8,091 | -€1,909 | -19.1% |
| Recurring financial income | 75 | €10,000 | €8,091 | -€1,909 | -19.1% |
| Financial charges | 65/66B | €1,469 | €1,185 | -€284 | -19.3% |
| Recurring financial charges | 65 | €1,469 | €1,185 | -€284 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €221,035 | €246,814 | +€25,780 | +11.7% |
| Income taxes | 67/77 | €66,389 | €74,940 | +€8,551 | +12.9% |
| Profit (loss) for the period | 9904 | €154,646 | €171,874 | +€17,229 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,646 | €171,874 | +€17,229 | +11.1% |
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 15 October 2026 via checked.be.