Dr Robert Céline: what changed
Two fiscal 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 Robert Céline
Largest movements
- Receivables within one year +€32,854
up €32,854 (+85.5%), from €38,432 to €71,286
of which Other amounts receivable: +€29,014
- Cash +€28,602
up €28,602 (+65.9%), from €43,373 to €71,975
mainly Net result for the year (+€43,679) and Tax, wage and social debts (+€15,110)
- Deferred charges and accrued income -€2,741
down €2,741 (-51.4%), from €5,331 to €2,590
- Reserves +€43,679
up €43,679 (+64.3%), from €67,938 to €111,618
- Tax, wage and social debts +€15,110
up €15,110 (+86.8%), from €17,404 to €32,515
- Gross operating margin -€28,132
down €28,132 (-33.4%), from €84,318 to €56,186
- Taxes -€2,294
down €2,294 (-13.2%), from €17,404 to €15,110
- Financial income +€1,769
up €1,769 (+151.9%), from €1,165 to €2,934
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.
Cash bridge derived
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 | €87,136 | €145,851 | +€58,714 | +67.4% |
| Current assets | 29/58 | €87,136 | €145,851 | +€58,714 | +67.4% |
| Amounts receivable within one year | 40/41 | €38,432 | €71,286 | +€32,854 | +85.5% |
| Trade receivables | 40 | - | €3,839 | +€3,839 | |
| Other amounts receivable | 41 | €38,432 | €67,447 | +€29,014 | +75.5% |
| Cash at bank and in hand | 54/58 | €43,373 | €71,975 | +€28,602 | +65.9% |
| Deferred charges and accrued income | 490/1 | €5,331 | €2,590 | -€2,741 | -51.4% |
| Total equity and liabilities | 10/49 | €87,136 | €145,851 | +€58,714 | +67.4% |
| Equity | 10/15 | €69,638 | €113,318 | +€43,679 | +62.7% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Reserves | 13 | €67,938 | €111,618 | +€43,679 | +64.3% |
| Distributable reserves | 133 | €67,938 | €111,618 | +€43,679 | +64.3% |
| Amounts payable | 17/49 | €17,498 | €32,533 | +€15,035 | +85.9% |
| Amounts payable within one year | 42/48 | €17,498 | €32,515 | +€15,017 | +85.8% |
| Trade debts | 44 | €94 | - | -€94 | |
| Suppliers | 440/4 | €94 | - | -€94 | |
| Taxes, remuneration and social security | 45 | €17,404 | €32,515 | +€15,110 | +86.8% |
| Taxes | 450/3 | €17,404 | €32,515 | +€15,110 | +86.8% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Other operating charges | 640/8 | €45 | €170 | +€125 | +278.8% |
| Gross operating margin | 9900 | €84,318 | €56,186 | -€28,132 | -33.4% |
| Operating profit (loss) | 9901 | €84,273 | €56,016 | -€28,257 | -33.5% |
| Financial income | 75/76B | €1,165 | €2,934 | +€1,769 | +151.9% |
| Recurring financial income | 75 | €1,165 | €2,934 | +€1,769 | +151.9% |
| Financial charges | 65/66B | €95 | €160 | +€65 | +68.4% |
| Recurring financial charges | 65 | €95 | €160 | +€65 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €85,343 | €58,790 | -€26,553 | -31.1% |
| Income taxes | 67/77 | €17,404 | €15,110 | -€2,294 | -13.2% |
| Profit (loss) for the period | 9904 | €67,938 | €43,679 | -€24,259 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,938 | €43,679 | -€24,259 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.