Dr. Marc Van Dyck: what changed
Dr. Marc Van Dyck
Largest movements
- Tangible fixed assets +€80,409
up €80,409 (+957%), from €8,399 to €88,808
of which Furniture and vehicles: +€77,854
- Current investments +€50,000
up €50,000 (+5.1%), from €972,735 to €1.0m
- Cash -€21,324
down €21,324 (-14.0%), from €152,739 to €131,414
mainly Investment in fixed assets (net) (-€100,887) and Contributions, distributions and other (-€75,000)
- Receivables within one year +€18,141
up €18,141 (+67.8%), from €26,754 to €44,896
- Reserves +€112,000
up €112,000 (+13.2%), from €846,860 to €958,860
of which Distributable reserves: +€112,000
- Debts after one year +€38,552
new in 2025: €38,552
- Tax, wage and social debts -€29,778
down €29,778 (-74.1%), from €40,178 to €10,400
- Gross operating margin -€28,158
down €28,158 (-8.6%), from €327,880 to €299,722
- Financial income -€26,484
down €26,484 (-73.5%), from €36,047 to €9,563
- Depreciation +€19,165
up €19,165 (+1,461%), from €1,312 to €20,478
- Taxes -€16,525
down €16,525 (-14.5%), from €114,085 to €97,560
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,162,270 | €1,291,782 | +€129,512 | +11.1% |
| Fixed assets | 21/28 | €8,949 | €89,358 | +€80,409 | +899% |
| Tangible fixed assets | 22/27 | €8,399 | €88,808 | +€80,409 | +957% |
| Plant, machinery and equipment | 23 | €3,659 | €7,027 | +€3,368 | +92.1% |
| Furniture and vehicles | 24 | €1,792 | €79,646 | +€77,854 | +4,345% |
| Other tangible fixed assets | 26 | €2,949 | €2,135 | -€813 | -27.6% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,153,321 | €1,202,424 | +€49,103 | +4.3% |
| Amounts receivable within one year | 40/41 | €26,754 | €44,896 | +€18,141 | +67.8% |
| Other amounts receivable | 41 | €26,754 | €44,896 | +€18,141 | +67.8% |
| Current investments | 50/53 | €972,735 | €1,022,735 | +€50,000 | +5.1% |
| Cash at bank and in hand | 54/58 | €152,739 | €131,414 | -€21,324 | -14.0% |
| Deferred charges and accrued income | 490/1 | €1,093 | €3,379 | +€2,285 | +209% |
| Total equity and liabilities | 10/49 | €1,162,270 | €1,291,782 | +€129,512 | +11.1% |
| Equity | 10/15 | €1,096,809 | €1,209,342 | +€112,533 | +10.3% |
| Contributions | 10/11 | €18,551 | €18,551 | = | 0.0% |
| Reserves | 13 | €846,860 | €958,860 | +€112,000 | +13.2% |
| 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 | €845,000 | €957,000 | +€112,000 | +13.3% |
| Profit (loss) carried forward | 14 | €231,398 | €231,931 | +€533 | +0.2% |
| Provisions and deferred taxes | 16 | €23,000 | €23,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,000 | €23,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable | 17/49 | €42,461 | €59,440 | +€16,979 | +40.0% |
| Amounts payable after more than one year | 17 | - | €38,552 | +€38,552 | |
| Financial debts | 170/4 | - | €38,552 | +€38,552 | |
| Amounts payable within one year | 42/48 | €42,461 | €20,888 | -€21,574 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,488 | +€10,488 | |
| Trade debts | 44 | €2,283 | - | -€2,283 | |
| Suppliers | 440/4 | €2,283 | - | -€2,283 | |
| Taxes, remuneration and social security | 45 | €40,178 | €10,400 | -€29,778 | -74.1% |
| Taxes | 450/3 | €40,178 | €10,400 | -€29,778 | -74.1% |
| Non-recurring operating income | 76A | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,312 | €20,478 | +€19,165 | +1,461% |
| Other operating charges | 640/8 | €1,349 | €1,118 | -€230 | -17.1% |
| Gross operating margin | 9900 | €327,880 | €299,722 | -€28,158 | -8.6% |
| Operating profit (loss) | 9901 | €325,219 | €278,126 | -€47,093 | -14.5% |
| Financial income | 75/76B | €36,047 | €9,563 | -€26,484 | -73.5% |
| Recurring financial income | 75 | €36,047 | €9,563 | -€26,484 | -73.5% |
| Financial charges | 65/66B | €1,696 | €2,595 | +€900 | +53.1% |
| Recurring financial charges | 65 | €1,696 | €2,595 | +€900 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €359,570 | €285,093 | -€74,477 | -20.7% |
| Income taxes | 67/77 | €114,085 | €97,560 | -€16,525 | -14.5% |
| Profit (loss) for the period | 9904 | €245,485 | €187,533 | -€57,952 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €245,485 | €187,533 | -€57,952 | -23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.