Dr. Maarten Rombauts: 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. Maarten Rombauts
Largest movements
- Current investments +€69,509
new in 2025: €69,509
- Deferred charges and accrued income +€32,252
up €32,252 (+10,998%), from €293 to €32,545
- Cash +€16,107
up €16,107 (+88.1%), from €18,290 to €34,396
mainly Net result for the year (+€91,891) and Tax, wage and social debts (+€22,699)
- Tangible fixed assets +€6,192
new in 2025: €6,192
- Reserves +€91,891
up €91,891 (+855%), from €10,742 to €102,632
- Tax, wage and social debts +€22,699
up €22,699 (+836%), from €2,714 to €25,413
- Other debts +€9,553
up €9,553 (+246%), from €3,884 to €13,437
- Gross operating margin +€108,580
up €108,580 (+807%), from €13,456 to €122,036
- Taxes +€22,703
up €22,703 (+836%), from €2,714 to €25,417
- Depreciation +€3,808
new in 2025: €3,808
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 | €23,783 | €146,643 | +€122,860 | +517% |
| Fixed assets | 21/28 | - | €6,192 | +€6,192 | |
| Tangible fixed assets | 22/27 | - | €6,192 | +€6,192 | |
| Furniture and vehicles | 24 | - | €6,192 | +€6,192 | |
| Current assets | 29/58 | €23,783 | €140,451 | +€116,668 | +491% |
| Amounts receivable within one year | 40/41 | €5,200 | €4,000 | -€1,200 | -23.1% |
| Trade receivables | 40 | €5,200 | €4,000 | -€1,200 | -23.1% |
| Current investments | 50/53 | - | €69,509 | +€69,509 | |
| Cash at bank and in hand | 54/58 | €18,290 | €34,396 | +€16,107 | +88.1% |
| Deferred charges and accrued income | 490/1 | €293 | €32,545 | +€32,252 | +10,998% |
| Total equity and liabilities | 10/49 | €23,783 | €146,643 | +€122,860 | +517% |
| Equity | 10/15 | €15,742 | €107,632 | +€91,891 | +584% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,742 | €102,632 | +€91,891 | +855% |
| Distributable reserves | 133 | €10,742 | €102,632 | +€91,891 | +855% |
| Amounts payable | 17/49 | €8,041 | €39,010 | +€30,969 | +385% |
| Amounts payable within one year | 42/48 | €8,041 | €39,010 | +€30,969 | +385% |
| Trade debts | 44 | €1,443 | €160 | -€1,283 | -88.9% |
| Suppliers | 440/4 | €1,443 | €160 | -€1,283 | -88.9% |
| Taxes, remuneration and social security | 45 | €2,714 | €25,413 | +€22,699 | +836% |
| Taxes | 450/3 | €2,714 | €25,413 | +€22,699 | +836% |
| Other amounts payable | 47/48 | €3,884 | €13,437 | +€9,553 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,808 | +€3,808 | |
| Other operating charges | 640/8 | - | €918 | +€918 | |
| Gross operating margin | 9900 | €13,456 | €122,036 | +€108,580 | +807% |
| Operating profit (loss) | 9901 | €13,456 | €117,309 | +€103,854 | +772% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €13,456 | €117,308 | +€103,852 | +772% |
| Income taxes | 67/77 | €2,714 | €25,417 | +€22,703 | +836% |
| Profit (loss) for the period | 9904 | €10,742 | €91,891 | +€81,149 | +755% |
| Profit (loss) for the period to be appropriated | 9905 | €10,742 | €91,891 | +€81,149 | +755% |
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 29 October 2026 via checked.be.