DR. P. VAN MAELE: 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. P. VAN MAELE
Largest movements
- Cash -€49,102
down €49,102 (-19.6%), from €251,004 to €201,902
mainly Contributions, distributions and other (-€200,000) and Debts after one year (-€66,583)
- Receivables within one year +€41,696
up €41,696 (+41.5%), from €100,573 to €142,269
of which Other amounts receivable: +€33,195
- Tangible fixed assets +€11,768
up €11,768 (+1.9%), from €621,681 to €633,449
of which Land and buildings: +€28,145
- Debts after one year -€66,583
down €66,583 (-26.5%), from €250,927 to €184,344
- Reserves +€54,841
up €54,841 (+9.7%), from €568,031 to €622,871
of which Distributable reserves: +€54,841
- Tax, wage and social debts +€18,176
up €18,176 (+364%), from €5,000 to €23,176
of which Remuneration and social security: +€9,413
- Depreciation +€4,364
up €4,364 (+10.3%), from €42,566 to €46,930
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 | €1,132,650 | €1,135,145 | +€2,495 | +0.2% |
| Fixed assets | 21/28 | €649,206 | €660,974 | +€11,768 | +1.8% |
| Tangible fixed assets | 22/27 | €621,681 | €633,449 | +€11,768 | +1.9% |
| Land and buildings | 22 | €550,470 | €578,614 | +€28,145 | +5.1% |
| Furniture and vehicles | 24 | €53,125 | €36,748 | -€16,377 | -30.8% |
| Other tangible fixed assets | 26 | €18,087 | €18,087 | = | 0.0% |
| Financial fixed assets | 28 | €27,525 | €27,525 | = | 0.0% |
| Current assets | 29/58 | €483,444 | €474,171 | -€9,273 | -1.9% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,573 | €142,269 | +€41,696 | +41.5% |
| Trade receivables | 40 | - | €8,501 | +€8,501 | |
| Other amounts receivable | 41 | €100,573 | €133,768 | +€33,195 | +33.0% |
| Cash at bank and in hand | 54/58 | €251,004 | €201,902 | -€49,102 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,867 | - | -€1,867 | |
| Total equity and liabilities | 10/49 | €1,132,650 | €1,135,145 | +€2,495 | +0.2% |
| Equity | 10/15 | €591,471 | €642,476 | +€51,004 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €568,031 | €622,871 | +€54,841 | +9.7% |
| 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 | €566,171 | €621,011 | +€54,841 | +9.7% |
| Profit (loss) carried forward | 14 | €4,841 | €1,004 | -€3,836 | -79.3% |
| Amounts payable | 17/49 | €541,179 | €492,669 | -€48,509 | -9.0% |
| Amounts payable after more than one year | 17 | €250,927 | €184,344 | -€66,583 | -26.5% |
| Financial debts | 170/4 | €250,927 | €184,344 | -€66,583 | -26.5% |
| Amounts payable within one year | 42/48 | €290,252 | €308,325 | +€18,073 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €67,839 | €66,583 | -€1,257 | -1.9% |
| Trade debts | 44 | €17,413 | €18,566 | +€1,154 | +6.6% |
| Suppliers | 440/4 | €17,413 | €18,566 | +€1,154 | +6.6% |
| Taxes, remuneration and social security | 45 | €5,000 | €23,176 | +€18,176 | +364% |
| Taxes | 450/3 | €5,000 | €13,764 | +€8,764 | +175% |
| Remuneration and social security | 454/9 | - | €9,413 | +€9,413 | |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,566 | €46,930 | +€4,364 | +10.3% |
| Other operating charges | 640/8 | €281 | €1,040 | +€759 | +270% |
| Gross operating margin | 9900 | €317,478 | €319,817 | +€2,339 | +0.7% |
| Operating profit (loss) | 9901 | €274,631 | €271,847 | -€2,784 | -1.0% |
| Financial income | 75/76B | €16,270 | €13,131 | -€3,140 | -19.3% |
| Recurring financial income | 75 | €16,270 | €13,131 | -€3,140 | -19.3% |
| Financial charges | 65/66B | €10,806 | €10,210 | -€596 | -5.5% |
| Recurring financial charges | 65 | €10,806 | €10,210 | -€596 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €280,095 | €274,768 | -€5,327 | -1.9% |
| Income taxes | 67/77 | €25,255 | €23,764 | -€1,491 | -5.9% |
| Profit (loss) for the period | 9904 | €254,841 | €251,004 | -€3,836 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,841 | €251,004 | -€3,836 | -1.5% |
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 22 October 2026 via checked.be.