Dr. M. Beysens: 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. M. Beysens
Largest movements
- Cash +€72,204
up €72,204 (+78.8%), from €91,677 to €163,880
mainly Net result for the year (+€203,764) and Other debts (+€130,835)
- Tangible fixed assets -€14,645
down €14,645 (-23.4%), from €62,654 to €48,008
of which Furniture and vehicles: -€11,882
- Receivables within one year +€11,198
up €11,198 (+10.3%), from €108,623 to €119,820
- Other debts +€130,835
up €130,835 (+69.8%), from €187,416 to €318,250
- Reserves -€59,227
down €59,227 (-100%), from €59,227 to €0
- Gross operating margin +€10,077
up €10,077 (+3.7%), from €275,463 to €285,540
- Taxes +€3,681
up €3,681 (+6.0%), from €61,469 to €65,150
- Depreciation -€3,377
down €3,377 (-18.7%), from €18,023 to €14,645
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 | €267,342 | €336,147 | +€68,805 | +25.7% |
| Fixed assets | 21/28 | €62,654 | €48,008 | -€14,645 | -23.4% |
| Tangible fixed assets | 22/27 | €62,654 | €48,008 | -€14,645 | -23.4% |
| Plant, machinery and equipment | 23 | €24,734 | €21,970 | -€2,763 | -11.2% |
| Furniture and vehicles | 24 | €37,920 | €26,038 | -€11,882 | -31.3% |
| Current assets | 29/58 | €204,688 | €288,138 | +€83,450 | +40.8% |
| Amounts receivable within one year | 40/41 | €108,623 | €119,820 | +€11,198 | +10.3% |
| Other amounts receivable | 41 | €108,623 | €119,820 | +€11,198 | +10.3% |
| Cash at bank and in hand | 54/58 | €91,677 | €163,880 | +€72,204 | +78.8% |
| Deferred charges and accrued income | 490/1 | €4,389 | €4,438 | +€49 | +1.1% |
| Total equity and liabilities | 10/49 | €267,342 | €336,147 | +€68,805 | +25.7% |
| Equity | 10/15 | €64,227 | €5,000 | -€59,227 | -92.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,227 | €0 | -€59,227 | -100% |
| Distributable reserves | 133 | €59,227 | €0 | -€59,227 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €203,115 | €331,147 | +€128,032 | +63.0% |
| Amounts payable within one year | 42/48 | €202,630 | €330,784 | +€128,154 | +63.2% |
| Trade debts | 44 | €1,330 | €328 | -€1,001 | -75.3% |
| Suppliers | 440/4 | €1,330 | €328 | -€1,001 | -75.3% |
| Taxes, remuneration and social security | 45 | €13,884 | €12,205 | -€1,679 | -12.1% |
| Taxes | 450/3 | €11,269 | €9,590 | -€1,679 | -14.9% |
| Remuneration and social security | 454/9 | €2,615 | €2,615 | = | 0.0% |
| Other amounts payable | 47/48 | €187,416 | €318,250 | +€130,835 | +69.8% |
| Accrued charges and deferred income | 492/3 | €486 | €363 | -€123 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,023 | €14,645 | -€3,377 | -18.7% |
| Other operating charges | 640/8 | €1,000 | €1,176 | +€176 | +17.6% |
| Gross operating margin | 9900 | €275,463 | €285,540 | +€10,077 | +3.7% |
| Operating profit (loss) | 9901 | €256,440 | €269,719 | +€13,279 | +5.2% |
| Financial income | 75/76B | €48 | €3 | -€45 | -94.2% |
| Recurring financial income | 75 | €48 | €3 | -€45 | -94.2% |
| Financial charges | 65/66B | €793 | €808 | +€15 | +1.9% |
| Recurring financial charges | 65 | €793 | €808 | +€15 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €255,696 | €268,914 | +€13,218 | +5.2% |
| Income taxes | 67/77 | €61,469 | €65,150 | +€3,681 | +6.0% |
| Profit (loss) for the period | 9904 | €194,227 | €203,764 | +€9,537 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €194,227 | €203,764 | +€9,537 | +4.9% |
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 19 October 2026 via checked.be.