DR MIEKE VANOPPEN: 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 MIEKE VANOPPEN
Largest movements
- Cash -€52,792
down €52,792 (-31.4%), from €168,111 to €115,318
mainly Contributions, distributions and other (-€261,763) and Tax, wage and social debts (-€6,720)
- Receivables within one year -€36,592
no longer reported in 2025 (was €36,592)
of which Other amounts receivable: -€32,785
- Tangible fixed assets -€20,702
down €20,702 (-34.5%), from €59,970 to €39,268
of which Furniture and vehicles: -€20,099
- Reserves -€99,734
down €99,734 (-38.1%), from €261,763 to €162,029
- Tax, wage and social debts -€6,720
down €6,720 (-57.4%), from €11,705 to €4,985
- Gross operating margin +€7,512
up €7,512 (+3.3%), from €225,579 to €233,091
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 | €282,916 | €175,177 | -€107,739 | -38.1% |
| Fixed assets | 21/28 | €72,563 | €51,862 | -€20,702 | -28.5% |
| Tangible fixed assets | 22/27 | €59,970 | €39,268 | -€20,702 | -34.5% |
| Plant, machinery and equipment | 23 | €1,905 | €1,302 | -€603 | -31.7% |
| Furniture and vehicles | 24 | €58,065 | €37,966 | -€20,099 | -34.6% |
| Financial fixed assets | 28 | €12,593 | €12,593 | = | 0.0% |
| Current assets | 29/58 | €210,353 | €123,315 | -€87,038 | -41.4% |
| Amounts receivable within one year | 40/41 | €36,592 | - | -€36,592 | |
| Trade receivables | 40 | €3,807 | - | -€3,807 | |
| Other amounts receivable | 41 | €32,785 | - | -€32,785 | |
| Cash at bank and in hand | 54/58 | €168,111 | €115,318 | -€52,792 | -31.4% |
| Deferred charges and accrued income | 490/1 | €5,651 | €7,997 | +€2,346 | +41.5% |
| Total equity and liabilities | 10/49 | €282,916 | €175,177 | -€107,739 | -38.1% |
| Equity | 10/15 | €264,263 | €164,529 | -€99,734 | -37.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €261,763 | €162,029 | -€99,734 | -38.1% |
| Distributable reserves | 133 | €261,763 | €162,029 | -€99,734 | -38.1% |
| Amounts payable | 17/49 | €18,653 | €10,648 | -€8,005 | -42.9% |
| Amounts payable within one year | 42/48 | €18,653 | €9,519 | -€9,134 | -49.0% |
| Trade debts | 44 | €6,948 | €4,297 | -€2,650 | -38.1% |
| Suppliers | 440/4 | €6,948 | €4,297 | -€2,650 | -38.1% |
| Taxes, remuneration and social security | 45 | €11,705 | €4,985 | -€6,720 | -57.4% |
| Taxes | 450/3 | €11,705 | €4,985 | -€6,720 | -57.4% |
| Other amounts payable | 47/48 | - | €236 | +€236 | |
| Accrued charges and deferred income | 492/3 | - | €1,129 | +€1,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,702 | €20,702 | = | 0.0% |
| Other operating charges | 640/8 | €512 | €462 | -€51 | -9.9% |
| Gross operating margin | 9900 | €225,579 | €233,091 | +€7,512 | +3.3% |
| Operating profit (loss) | 9901 | €204,365 | €211,928 | +€7,563 | +3.7% |
| Financial income | 75/76B | €995 | €3 | -€992 | -99.7% |
| Recurring financial income | 75 | €995 | €3 | -€992 | -99.7% |
| Financial charges | 65/66B | €91 | €92 | +€1 | +1.1% |
| Recurring financial charges | 65 | €91 | €92 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €205,269 | €211,839 | +€6,569 | +3.2% |
| Income taxes | 67/77 | €48,118 | €49,809 | +€1,691 | +3.5% |
| Profit (loss) for the period | 9904 | €157,151 | €162,029 | +€4,878 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €157,151 | €162,029 | +€4,878 | +3.1% |
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 31 October 2026 via checked.be.