Dr. Lisa Van Doeselaer: 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. Lisa Van Doeselaer
Largest movements
- Deferred charges and accrued income +€51,059
new in 2025: €51,059
- Tangible fixed assets +€42,511
new in 2025: €42,511
- Cash +€34,904
up €34,904 (+2,377%), from €1,468 to €36,372
mainly Net result for the year (+€69,489) and Debts after one year (+€33,760)
- Receivables within one year +€10,544
new in 2025: €10,544
- Reserves +€64,469
new in 2025: €64,469
- Debts after one year +€33,760
new in 2025: €33,760
- Tax, wage and social debts +€16,879
new in 2025: €16,879
- Current portion of long-term debt +€9,672
new in 2025: €9,672
- Other debts +€6,846
up €6,846 (+210%), from €3,254 to €10,100
- Gross operating margin +€100,917
up €100,917, from -€5,020 to €95,897
- Taxes +€16,879
new in 2025: €16,879
- Depreciation +€7,966
new in 2025: €7,966
- Financial charges +€1,331
new in 2025: €1,331
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 | €1,468 | €140,586 | +€139,118 | +9,474% |
| Fixed assets | 21/28 | - | €42,611 | +€42,611 | |
| Tangible fixed assets | 22/27 | - | €42,511 | +€42,511 | |
| Furniture and vehicles | 24 | - | €42,511 | +€42,511 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €1,468 | €97,975 | +€96,507 | +6,572% |
| Amounts receivable within one year | 40/41 | - | €10,544 | +€10,544 | |
| Other amounts receivable | 41 | - | €10,544 | +€10,544 | |
| Cash at bank and in hand | 54/58 | €1,468 | €36,372 | +€34,904 | +2,377% |
| Deferred charges and accrued income | 490/1 | - | €51,059 | +€51,059 | |
| Total equity and liabilities | 10/49 | €1,468 | €140,586 | +€139,118 | +9,474% |
| Equity | 10/15 | -€4,020 | €65,469 | +€69,489 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €64,469 | +€64,469 | |
| Distributable reserves | 133 | - | €64,469 | +€64,469 | |
| Profit (loss) carried forward | 14 | -€5,020 | €0 | +€5,020 | |
| Amounts payable | 17/49 | €5,488 | €75,117 | +€69,629 | +1,269% |
| Amounts payable after more than one year | 17 | - | €33,760 | +€33,760 | |
| Financial debts | 170/4 | - | €33,760 | +€33,760 | |
| Amounts payable within one year | 42/48 | €5,488 | €41,356 | +€35,868 | +654% |
| Current portion of amounts payable after more than one year | 42 | - | €9,672 | +€9,672 | |
| Trade debts | 44 | €2,234 | €4,706 | +€2,472 | +111% |
| Suppliers | 440/4 | €2,234 | €4,706 | +€2,472 | +111% |
| Taxes, remuneration and social security | 45 | - | €16,879 | +€16,879 | |
| Taxes | 450/3 | - | €16,879 | +€16,879 | |
| Other amounts payable | 47/48 | €3,254 | €10,100 | +€6,846 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,966 | +€7,966 | |
| Other operating charges | 640/8 | - | €431 | +€431 | |
| Gross operating margin | 9900 | -€5,020 | €95,897 | +€100,917 | |
| Operating profit (loss) | 9901 | -€5,020 | €87,501 | +€92,521 | |
| Financial income | 75/76B | - | €198 | +€198 | |
| Recurring financial income | 75 | - | €198 | +€198 | |
| Financial charges | 65/66B | - | €1,331 | +€1,331 | |
| Recurring financial charges | 65 | - | €1,331 | +€1,331 | |
| Profit (loss) for the period before taxes | 9903 | -€5,020 | €86,368 | +€91,388 | |
| Income taxes | 67/77 | - | €16,879 | +€16,879 | |
| Profit (loss) for the period | 9904 | -€5,020 | €69,489 | +€74,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,020 | €69,489 | +€74,509 |
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 18 October 2026 via checked.be.