DR. MACHTELD STORMS: 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. MACHTELD STORMS
Largest movements
- Cash +€46,541
up €46,541 (+81.0%), from €57,454 to €103,996
mainly Current investments (+€45,000) and Net result for the year (+€21,891)
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Reserves +€2,795
up €2,795 (+3.3%), from €85,900 to €88,696
of which Distributable reserves: +€2,795
- Tax, wage and social debts -€1,972
down €1,972 (-75.1%), from €2,625 to €654
- Gross operating margin +€3,825
up €3,825 (+14.8%), from €25,816 to €29,641
- Financial income -€647
down €647 (-44.7%), from €1,449 to €801
- Taxes +€442
up €442 (+7.9%), from €5,626 to €6,069
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 | €107,842 | €109,292 | +€1,450 | +1.3% |
| Fixed assets | 21/28 | €994 | €2,043 | +€1,050 | +106% |
| Tangible fixed assets | 22/27 | €994 | €2,043 | +€1,050 | +106% |
| Furniture and vehicles | 24 | €994 | €2,043 | +€1,050 | +106% |
| Current assets | 29/58 | €106,849 | €107,248 | +€400 | +0.4% |
| Amounts receivable within one year | 40/41 | €2,568 | €2,096 | -€472 | -18.4% |
| Other amounts receivable | 41 | €2,568 | €2,096 | -€472 | -18.4% |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €57,454 | €103,996 | +€46,541 | +81.0% |
| Deferred charges and accrued income | 490/1 | €1,826 | €1,156 | -€670 | -36.7% |
| Total equity and liabilities | 10/49 | €107,842 | €109,292 | +€1,450 | +1.3% |
| Equity | 10/15 | €104,500 | €107,296 | +€2,795 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,900 | €88,696 | +€2,795 | +3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,040 | €86,836 | +€2,795 | +3.3% |
| Amounts payable | 17/49 | €3,342 | €1,996 | -€1,346 | -40.3% |
| Amounts payable within one year | 42/48 | €2,853 | €1,492 | -€1,361 | -47.7% |
| Trade debts | 44 | €228 | €838 | +€610 | +267% |
| Suppliers | 440/4 | €228 | €838 | +€610 | +267% |
| Taxes, remuneration and social security | 45 | €2,625 | €654 | -€1,972 | -75.1% |
| Taxes | 450/3 | €2,625 | €654 | -€1,972 | -75.1% |
| Accrued charges and deferred income | 492/3 | €488 | €504 | +€16 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €1,407 | -€240 | -14.6% |
| Other operating charges | 640/8 | €884 | €1,032 | +€148 | +16.7% |
| Gross operating margin | 9900 | €25,816 | €29,641 | +€3,825 | +14.8% |
| Operating profit (loss) | 9901 | €23,285 | €27,203 | +€3,918 | +16.8% |
| Financial income | 75/76B | €1,449 | €801 | -€647 | -44.7% |
| Recurring financial income | 75 | €1,449 | €801 | -€647 | -44.7% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -9.1% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €24,685 | €27,959 | +€3,275 | +13.3% |
| Income taxes | 67/77 | €5,626 | €6,069 | +€442 | +7.9% |
| Profit (loss) for the period | 9904 | €19,058 | €21,891 | +€2,832 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,058 | €21,891 | +€2,832 | +14.9% |
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.