Dr. Rani Ulenaers: what changed
Dr. Rani Ulenaers
Largest movements
- Cash +€31,746
up €31,746 (+293%), from €10,822 to €42,567
mainly Net result for the year (+€33,208) and Tax, wage and social debts (+€9,058)
- Deferred charges and accrued income +€12,907
up €12,907 (+5,245%), from €246 to €13,153
- Tangible fixed assets -€3,333
down €3,333 (-39.6%), from €8,427 to €5,093
- Reserves +€33,208
up €33,208 (+785%), from €4,230 to €37,438
- Tax, wage and social debts +€9,058
up €9,058 (+691%), from €1,311 to €10,369
- Trade debts -€919
down €919 (-63.3%), from €1,453 to €534
- Gross operating margin +€37,663
up €37,663 (+440%), from €8,556 to €46,219
- Taxes +€8,267
up €8,267 (+630%), from €1,311 to €9,578
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,494 | €60,813 | +€41,319 | +212% |
| Fixed assets | 21/28 | €8,427 | €5,093 | -€3,333 | -39.6% |
| Tangible fixed assets | 22/27 | €8,427 | €5,093 | -€3,333 | -39.6% |
| Furniture and vehicles | 24 | €8,427 | €5,093 | -€3,333 | -39.6% |
| Current assets | 29/58 | €11,068 | €55,720 | +€44,652 | +403% |
| Cash at bank and in hand | 54/58 | €10,822 | €42,567 | +€31,746 | +293% |
| Deferred charges and accrued income | 490/1 | €246 | €13,153 | +€12,907 | +5,245% |
| Total equity and liabilities | 10/49 | €19,494 | €60,813 | +€41,319 | +212% |
| Equity | 10/15 | €6,730 | €39,938 | +€33,208 | +493% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,230 | €37,438 | +€33,208 | +785% |
| Distributable reserves | 133 | €4,230 | €37,438 | +€33,208 | +785% |
| Amounts payable | 17/49 | €12,765 | €20,876 | +€8,111 | +63.5% |
| Amounts payable within one year | 42/48 | €12,765 | €20,876 | +€8,111 | +63.5% |
| Trade debts | 44 | €1,453 | €534 | -€919 | -63.3% |
| Suppliers | 440/4 | €1,453 | €534 | -€919 | -63.3% |
| Taxes, remuneration and social security | 45 | €1,311 | €10,369 | +€9,058 | +691% |
| Taxes | 450/3 | €1,311 | €10,369 | +€9,058 | +691% |
| Other amounts payable | 47/48 | €10,000 | €9,973 | -€27 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €3,333 | +€318 | +10.5% |
| Other operating charges | 640/8 | - | €26 | +€26 | |
| Gross operating margin | 9900 | €8,556 | €46,219 | +€37,663 | +440% |
| Operating profit (loss) | 9901 | €5,541 | €42,860 | +€37,319 | +674% |
| Financial charges | 65/66B | - | €74 | +€74 | |
| Recurring financial charges | 65 | - | €74 | +€74 | |
| Profit (loss) for the period before taxes | 9903 | €5,541 | €42,786 | +€37,246 | +672% |
| Income taxes | 67/77 | €1,311 | €9,578 | +€8,267 | +630% |
| Profit (loss) for the period | 9904 | €4,230 | €33,208 | +€28,979 | +685% |
| Profit (loss) for the period to be appropriated | 9905 | €4,230 | €33,208 | +€28,979 | +685% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.