Dr. Patrick Vanderoost: 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. Patrick Vanderoost
Largest movements
- Cash +€165,303
up €165,303 (+328%), from €50,345 to €215,648
mainly Net result for the year (+€209,409) and Tax, wage and social debts (+€42,330)
- Current investments +€90,000
up €90,000 (+42.9%), from €210,000 to €300,000
- Deferred charges and accrued income +€12,031
up €12,031 (+212%), from €5,666 to €17,698
- Reserves +€209,409
up €209,409 (+103%), from €202,435 to €411,844
- Tax, wage and social debts +€42,330
up €42,330 (+59.6%), from €71,059 to €113,389
- Short-term financial debts +€8,510
up €8,510 (+100%), from €8,472 to €16,982
- Gross operating margin +€3,425
up €3,425 (+1.1%), from €306,481 to €309,907
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 | €306,859 | €570,409 | +€263,550 | +85.9% |
| Fixed assets | 21/28 | €13,030 | €11,676 | -€1,353 | -10.4% |
| Tangible fixed assets | 22/27 | €13,030 | €11,676 | -€1,353 | -10.4% |
| Furniture and vehicles | 24 | €13,030 | €11,676 | -€1,353 | -10.4% |
| Current assets | 29/58 | €293,830 | €558,733 | +€264,903 | +90.2% |
| Amounts receivable within one year | 40/41 | €27,819 | €25,387 | -€2,431 | -8.7% |
| Trade receivables | 40 | €10,679 | €4,986 | -€5,693 | -53.3% |
| Other amounts receivable | 41 | €17,139 | €20,401 | +€3,262 | +19.0% |
| Current investments | 50/53 | €210,000 | €300,000 | +€90,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €50,345 | €215,648 | +€165,303 | +328% |
| Deferred charges and accrued income | 490/1 | €5,666 | €17,698 | +€12,031 | +212% |
| Total equity and liabilities | 10/49 | €306,859 | €570,409 | +€263,550 | +85.9% |
| Equity | 10/15 | €207,435 | €416,844 | +€209,409 | +101% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €202,435 | €411,844 | +€209,409 | +103% |
| Distributable reserves | 133 | €202,435 | €411,844 | +€209,409 | +103% |
| Amounts payable | 17/49 | €99,424 | €153,565 | +€54,141 | +54.5% |
| Amounts payable within one year | 42/48 | €99,266 | €152,409 | +€53,143 | +53.5% |
| Financial debts | 43 | €8,472 | €16,982 | +€8,510 | +100% |
| Credit institutions | 430/8 | €8,472 | €16,982 | +€8,510 | +100% |
| Trade debts | 44 | €1,437 | €3,967 | +€2,530 | +176% |
| Suppliers | 440/4 | €1,437 | €3,967 | +€2,530 | +176% |
| Taxes, remuneration and social security | 45 | €71,059 | €113,389 | +€42,330 | +59.6% |
| Taxes | 450/3 | €71,059 | €113,389 | +€42,330 | +59.6% |
| Other amounts payable | 47/48 | €18,298 | €18,071 | -€227 | -1.2% |
| Accrued charges and deferred income | 492/3 | €158 | €1,156 | +€998 | +631% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,963 | €7,324 | +€1,360 | +22.8% |
| Other operating charges | 640/8 | €1,325 | €1,116 | -€209 | -15.8% |
| Gross operating margin | 9900 | €306,481 | €309,907 | +€3,425 | +1.1% |
| Operating profit (loss) | 9901 | €299,192 | €301,467 | +€2,274 | +0.8% |
| Financial income | 75/76B | €405 | €3,151 | +€2,746 | +678% |
| Recurring financial income | 75 | €405 | €3,151 | +€2,746 | +678% |
| Financial charges | 65/66B | €982 | €1,933 | +€951 | +96.9% |
| Recurring financial charges | 65 | €982 | €1,933 | +€951 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | €298,615 | €302,684 | +€4,069 | +1.4% |
| Income taxes | 67/77 | €96,180 | €93,275 | -€2,905 | -3.0% |
| Profit (loss) for the period | 9904 | €202,435 | €209,409 | +€6,974 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €202,435 | €209,409 | +€6,974 | +3.4% |
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 21 October 2026 via checked.be.