Dr. Lisa Vanbrabant: 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 Vanbrabant
Largest movements
- Cash -€35,753
down €35,753 (-31.1%), from €115,024 to €79,271
mainly Contributions, distributions and other (-€105,000) and Other debts (-€20,288)
- Deferred charges and accrued income +€10,355
up €10,355 (+68.3%), from €15,159 to €25,515
- Receivables within one year +€1,730
up €1,730 (+15.8%), from €10,937 to €12,667
of which Other amounts receivable: +€1,180
- Profit (loss) carried forward -€26,567
down €26,567 (-25.2%), from €105,456 to €78,890
- Tax, wage and social debts +€23,644
new in 2025: €23,644
- Other debts -€20,288
down €20,288 (-76.7%), from €26,448 to €6,160
- Gross operating margin +€38,213
up €38,213 (+58.5%), from €65,290 to €103,504
- Taxes +€9,581
up €9,581 (+68.1%), from €14,063 to €23,644
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 | €141,786 | €117,654 | -€24,132 | -17.0% |
| Fixed assets | 21/28 | €666 | €201 | -€465 | -69.8% |
| Tangible fixed assets | 22/27 | €666 | €201 | -€465 | -69.8% |
| Plant, machinery and equipment | 23 | €290 | €66 | -€223 | -77.0% |
| Furniture and vehicles | 24 | €376 | €134 | -€242 | -64.2% |
| Current assets | 29/58 | €141,121 | €117,453 | -€23,667 | -16.8% |
| Amounts receivable within one year | 40/41 | €10,937 | €12,667 | +€1,730 | +15.8% |
| Trade receivables | 40 | - | €550 | +€550 | |
| Other amounts receivable | 41 | €10,937 | €12,117 | +€1,180 | +10.8% |
| Cash at bank and in hand | 54/58 | €115,024 | €79,271 | -€35,753 | -31.1% |
| Deferred charges and accrued income | 490/1 | €15,159 | €25,515 | +€10,355 | +68.3% |
| Total equity and liabilities | 10/49 | €141,786 | €117,654 | -€24,132 | -17.0% |
| Equity | 10/15 | €110,456 | €83,890 | -€26,567 | -24.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,456 | €78,890 | -€26,567 | -25.2% |
| Amounts payable | 17/49 | €31,330 | €33,764 | +€2,435 | +7.8% |
| Amounts payable within one year | 42/48 | €27,538 | €29,804 | +€2,267 | +8.2% |
| Trade debts | 44 | €1,090 | - | -€1,090 | |
| Suppliers | 440/4 | €1,090 | - | -€1,090 | |
| Taxes, remuneration and social security | 45 | - | €23,644 | +€23,644 | |
| Taxes | 450/3 | - | €23,644 | +€23,644 | |
| Other amounts payable | 47/48 | €26,448 | €6,160 | -€20,288 | -76.7% |
| Accrued charges and deferred income | 492/3 | €3,792 | €3,960 | +€168 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €465 | +€55 | +13.4% |
| Other operating charges | 640/8 | €931 | €886 | -€44 | -4.8% |
| Gross operating margin | 9900 | €65,290 | €103,504 | +€38,213 | +58.5% |
| Operating profit (loss) | 9901 | €63,950 | €102,153 | +€38,203 | +59.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.1% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €63,877 | €102,078 | +€38,201 | +59.8% |
| Income taxes | 67/77 | €14,063 | €23,644 | +€9,581 | +68.1% |
| Profit (loss) for the period | 9904 | €49,813 | €78,433 | +€28,620 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,813 | €78,433 | +€28,620 | +57.5% |
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 27 October 2026 via checked.be.