Dr. Marc Van Den Bossche: 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. Marc Van Den Bossche
Largest movements
- Cash -€51,194
down €51,194 (-27.6%), from €185,457 to €134,263
mainly Contributions, distributions and other (-€119,507) and Tax, wage and social debts (-€16,811)
- Tangible fixed assets -€15,128
down €15,128 (-11.8%), from €128,079 to €112,951
of which Land and buildings: -€14,834
- Receivables within one year +€12,068
up €12,068 (+85.8%), from €14,073 to €26,140
of which Other amounts receivable: +€10,422
- Reserves -€41,702
down €41,702 (-13.8%), from €303,171 to €261,469
- Tax, wage and social debts -€16,811
down €16,811 (-54.0%), from €31,122 to €14,311
of which Taxes: -€16,326
- Gross operating margin +€22,110
up €22,110 (+19.2%), from €115,025 to €137,135
- Taxes +€17,514
up €17,514 (+238%), from €7,348 to €24,863
- Other operating charges -€11,713
down €11,713 (-57.3%), from €20,451 to €8,738
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 | €336,074 | €280,325 | -€55,749 | -16.6% |
| Fixed assets | 21/28 | €128,104 | €112,976 | -€15,128 | -11.8% |
| Tangible fixed assets | 22/27 | €128,079 | €112,951 | -€15,128 | -11.8% |
| Land and buildings | 22 | €120,449 | €105,616 | -€14,834 | -12.3% |
| Plant, machinery and equipment | 23 | €5,024 | €4,835 | -€189 | -3.8% |
| Furniture and vehicles | 24 | €2,606 | €2,500 | -€106 | -4.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €207,970 | €167,349 | -€40,621 | -19.5% |
| Amounts receivable after more than one year | 29 | €4,958 | €4,958 | = | 0.0% |
| Other amounts receivable | 291 | €4,958 | €4,958 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,073 | €26,140 | +€12,068 | +85.8% |
| Trade receivables | 40 | - | €1,646 | +€1,646 | |
| Other amounts receivable | 41 | €14,073 | €24,495 | +€10,422 | +74.1% |
| Cash at bank and in hand | 54/58 | €185,457 | €134,263 | -€51,194 | -27.6% |
| Deferred charges and accrued income | 490/1 | €3,482 | €1,988 | -€1,494 | -42.9% |
| Total equity and liabilities | 10/49 | €336,074 | €280,325 | -€55,749 | -16.6% |
| Equity | 10/15 | €303,172 | €261,470 | -€41,701 | -13.8% |
| Reserves | 13 | €303,171 | €261,469 | -€41,702 | -13.8% |
| Distributable reserves | 133 | €303,171 | €261,469 | -€41,702 | -13.8% |
| Profit (loss) carried forward | 14 | €1 | €1 | +€0 | +38.0% |
| Amounts payable | 17/49 | €32,902 | €18,854 | -€14,048 | -42.7% |
| Amounts payable after more than one year | 17 | - | €2,518 | +€2,518 | |
| Financial debts | 170/4 | - | €2,518 | +€2,518 | |
| Amounts payable within one year | 42/48 | €32,902 | €16,337 | -€16,566 | -50.3% |
| Trade debts | 44 | €707 | €369 | -€338 | -47.8% |
| Suppliers | 440/4 | €707 | €369 | -€338 | -47.8% |
| Taxes, remuneration and social security | 45 | €31,122 | €14,311 | -€16,811 | -54.0% |
| Taxes | 450/3 | €24,023 | €7,697 | -€16,326 | -68.0% |
| Remuneration and social security | 454/9 | €7,099 | €6,614 | -€485 | -6.8% |
| Other amounts payable | 47/48 | €1,073 | €1,656 | +€583 | +54.3% |
| Remuneration, social security and pensions | 62 | €22,021 | €23,341 | +€1,320 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,574 | €3,816 | -€758 | -16.6% |
| Other operating charges | 640/8 | €20,451 | €8,738 | -€11,713 | -57.3% |
| Gross operating margin | 9900 | €115,025 | €137,135 | +€22,110 | +19.2% |
| Operating profit (loss) | 9901 | €67,979 | €101,240 | +€33,261 | +48.9% |
| Financial income | 75/76B | €1,780 | €1,742 | -€39 | -2.2% |
| Recurring financial income | 75 | €1,780 | €1,742 | -€39 | -2.2% |
| Financial charges | 65/66B | €222 | €314 | +€92 | +41.5% |
| Recurring financial charges | 65 | €222 | €314 | +€92 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €69,538 | €102,668 | +€33,130 | +47.6% |
| Income taxes | 67/77 | €7,348 | €24,863 | +€17,514 | +238% |
| Profit (loss) for the period | 9904 | €62,189 | €77,805 | +€15,616 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,189 | €77,805 | +€15,616 | +25.1% |
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 30 October 2026 via checked.be.