Dr. Noémie Ampe: 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. Noémie Ampe
Largest movements
- Cash +€111,223
up €111,223 (+94.3%), from €117,903 to €229,126
mainly Net result for the year (+€193,772) and Trade debts (+€22,664)
- Current investments +€85,937
up €85,937 (+85.5%), from €100,533 to €186,471
- Receivables within one year +€49,124
up €49,124 (+227%), from €21,665 to €70,789
- Tangible fixed assets -€12,206
down €12,206 (-27.5%), from €44,368 to €32,162
of which Plant, machinery and equipment: -€10,987
- Reserves +€193,772
up €193,772 (+76.8%), from €252,242 to €446,015
of which Distributable reserves: +€117,992
- Trade debts +€22,664
up €22,664 (+930%), from €2,438 to €25,102
- Accrued charges and deferred income +€18,000
new in 2025: €18,000
- Tax, wage and social debts +€15,406
up €15,406 (+68.3%), from €22,551 to €37,957
- Debts after one year -€11,088
down €11,088 (-34.9%), from €31,730 to €20,642
- Gross operating margin -€72,669
down €72,669 (-21.8%), from €333,075 to €260,406
- Taxes -€18,777
down €18,777 (-25.0%), from €75,220 to €56,443
- Financial income +€3,672
up €3,672 (+449%), from €817 to €4,489
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 | €324,564 | €563,804 | +€239,240 | +73.7% |
| Fixed assets | 21/28 | €49,768 | €37,662 | -€12,106 | -24.3% |
| Tangible fixed assets | 22/27 | €44,368 | €32,162 | -€12,206 | -27.5% |
| Plant, machinery and equipment | 23 | €40,185 | €29,198 | -€10,987 | -27.3% |
| Furniture and vehicles | 24 | €4,184 | €2,964 | -€1,219 | -29.1% |
| Financial fixed assets | 28 | €5,400 | €5,500 | +€100 | +1.9% |
| Current assets | 29/58 | €274,795 | €526,142 | +€251,346 | +91.5% |
| Amounts receivable within one year | 40/41 | €21,665 | €70,789 | +€49,124 | +227% |
| Other amounts receivable | 41 | €21,665 | €70,789 | +€49,124 | +227% |
| Current investments | 50/53 | €100,533 | €186,471 | +€85,937 | +85.5% |
| Cash at bank and in hand | 54/58 | €117,903 | €229,126 | +€111,223 | +94.3% |
| Deferred charges and accrued income | 490/1 | €34,695 | €39,756 | +€5,062 | +14.6% |
| Total equity and liabilities | 10/49 | €324,564 | €563,804 | +€239,240 | +73.7% |
| Equity | 10/15 | €257,242 | €451,015 | +€193,772 | +75.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €252,242 | €446,015 | +€193,772 | +76.8% |
| Tax-exempt reserves | 132 | - | €75,780 | +€75,780 | |
| Distributable reserves | 133 | €252,242 | €370,235 | +€117,992 | +46.8% |
| Amounts payable | 17/49 | €67,321 | €112,789 | +€45,468 | +67.5% |
| Amounts payable after more than one year | 17 | €31,730 | €20,642 | -€11,088 | -34.9% |
| Financial debts | 170/4 | €31,730 | €20,642 | -€11,088 | -34.9% |
| Amounts payable within one year | 42/48 | €35,591 | €74,147 | +€38,556 | +108% |
| Current portion of amounts payable after more than one year | 42 | €10,602 | €11,088 | +€486 | +4.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,438 | €25,102 | +€22,664 | +930% |
| Suppliers | 440/4 | €2,438 | €25,102 | +€22,664 | +930% |
| Taxes, remuneration and social security | 45 | €22,551 | €37,957 | +€15,406 | +68.3% |
| Taxes | 450/3 | €22,551 | €37,957 | +€15,406 | +68.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €18,000 | +€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,787 | €12,206 | +€419 | +3.6% |
| Other operating charges | 640/8 | €710 | €720 | +€9 | +1.3% |
| Gross operating margin | 9900 | €333,075 | €260,406 | -€72,669 | -21.8% |
| Operating profit (loss) | 9901 | €320,578 | €247,480 | -€73,098 | -22.8% |
| Financial income | 75/76B | €817 | €4,489 | +€3,672 | +449% |
| Recurring financial income | 75 | €817 | €4,489 | +€3,672 | +449% |
| Financial charges | 65/66B | €2,135 | €1,754 | -€381 | -17.8% |
| Recurring financial charges | 65 | €2,135 | €1,754 | -€381 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €319,260 | €250,215 | -€69,045 | -21.6% |
| Income taxes | 67/77 | €75,220 | €56,443 | -€18,777 | -25.0% |
| Profit (loss) for the period | 9904 | €244,040 | €193,772 | -€50,268 | -20.6% |
| Transfer to tax-exempt reserves | 689 | - | €75,780 | +€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €244,040 | €117,992 | -€126,048 | -51.7% |
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 25 October 2026 via checked.be.