Dr. Nele De Ron: 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. Nele De Ron
Largest movements
- Cash +€38,251
up €38,251 (+638%), from €5,999 to €44,250
mainly Net result for the year (+€52,452) and Trade debts (+€1,330)
- Tangible fixed assets +€8,116
up €8,116 (+523%), from €1,553 to €9,670
of which Furniture and vehicles: +€8,343
- Receivables within one year +€4,087
up €4,087 (+11.6%), from €35,329 to €39,415
of which Other amounts receivable: +€6,677
- Profit (loss) carried forward +€52,452
up €52,452 (+154%), from €33,983 to €86,434
- Tax, wage and social debts -€3,180
down €3,180 (-58.8%), from €5,411 to €2,231
- Trade debts +€1,330
up €1,330 (+89.5%), from €1,485 to €2,815
- Gross operating margin +€35,974
up €35,974 (+115%), from €31,199 to €67,172
- Taxes +€7,301
up €7,301 (+117%), from €6,231 to €13,531
- Financial income +€674
up €674 (+167%), from €404 to €1,078
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 | €43,379 | €93,980 | +€50,601 | +117% |
| Fixed assets | 21/28 | €1,653 | €9,770 | +€8,116 | +491% |
| Tangible fixed assets | 22/27 | €1,553 | €9,670 | +€8,116 | +523% |
| Plant, machinery and equipment | 23 | €430 | €203 | -€226 | -52.7% |
| Furniture and vehicles | 24 | €1,123 | €9,466 | +€8,343 | +743% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €41,726 | €84,211 | +€42,485 | +102% |
| Amounts receivable within one year | 40/41 | €35,329 | €39,415 | +€4,087 | +11.6% |
| Trade receivables | 40 | €2,591 | - | -€2,591 | |
| Other amounts receivable | 41 | €32,738 | €39,415 | +€6,677 | +20.4% |
| Cash at bank and in hand | 54/58 | €5,999 | €44,250 | +€38,251 | +638% |
| Deferred charges and accrued income | 490/1 | €398 | €546 | +€147 | +37.0% |
| Total equity and liabilities | 10/49 | €43,379 | €93,980 | +€50,601 | +117% |
| Equity | 10/15 | €36,483 | €88,934 | +€52,452 | +144% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,983 | €86,434 | +€52,452 | +154% |
| Amounts payable | 17/49 | €6,897 | €5,046 | -€1,850 | -26.8% |
| Amounts payable within one year | 42/48 | €6,897 | €5,046 | -€1,850 | -26.8% |
| Trade debts | 44 | €1,485 | €2,815 | +€1,330 | +89.5% |
| Suppliers | 440/4 | €1,485 | €2,815 | +€1,330 | +89.5% |
| Taxes, remuneration and social security | 45 | €5,411 | €2,231 | -€3,180 | -58.8% |
| Taxes | 450/3 | €5,411 | €2,231 | -€3,180 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €828 | +€436 | +111% |
| Other operating charges | 640/8 | €805 | €1,052 | +€247 | +30.7% |
| Gross operating margin | 9900 | €31,199 | €67,172 | +€35,974 | +115% |
| Operating profit (loss) | 9901 | €30,001 | €65,293 | +€35,291 | +118% |
| Financial income | 75/76B | €404 | €1,078 | +€674 | +167% |
| Recurring financial income | 75 | €404 | €1,078 | +€674 | +167% |
| Financial charges | 65/66B | €721 | €388 | -€333 | -46.2% |
| Recurring financial charges | 65 | €721 | €388 | -€333 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €29,684 | €65,983 | +€36,299 | +122% |
| Income taxes | 67/77 | €6,231 | €13,531 | +€7,301 | +117% |
| Profit (loss) for the period | 9904 | €23,453 | €52,452 | +€28,998 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €23,453 | €52,452 | +€28,998 | +124% |
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 24 October 2026 via checked.be.