Dr. S. Bastijns: 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. S. Bastijns
Largest movements
- Deferred charges and accrued income +€207,886
up €207,886 (+501%), from €41,513 to €249,399
- Cash -€79,368
down €79,368 (-29.3%), from €270,596 to €191,228
mainly Contributions, distributions and other (-€320,000) and Deferred charges and accrued income (-€207,886)
- Current investments +€12,133
up €12,133 (+67.3%), from €18,027 to €30,160
- Other debts +€119,517
up €119,517 (+56.0%), from €213,493 to €333,010
- Reserves +€11,097
up €11,097 (+12.4%), from €89,549 to €100,646
- Tax, wage and social debts +€10,282
up €10,282 (+37.0%), from €27,821 to €38,103
- Gross operating margin +€141,324
up €141,324 (+46.7%), from €302,320 to €443,644
- Taxes +€36,008
up €36,008 (+49.7%), from €72,451 to €108,459
- Financial income -€5,712
down €5,712 (-90.9%), from €6,285 to €573
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 | €332,895 | €473,864 | +€140,969 | +42.3% |
| Fixed assets | 21/28 | €2,759 | €3,077 | +€318 | +11.5% |
| Tangible fixed assets | 22/27 | €2,759 | €3,077 | +€318 | +11.5% |
| Plant, machinery and equipment | 23 | €7 | - | -€7 | |
| Furniture and vehicles | 24 | €2,752 | €3,077 | +€325 | +11.8% |
| Current assets | 29/58 | €330,136 | €470,787 | +€140,651 | +42.6% |
| Current investments | 50/53 | €18,027 | €30,160 | +€12,133 | +67.3% |
| Cash at bank and in hand | 54/58 | €270,596 | €191,228 | -€79,368 | -29.3% |
| Deferred charges and accrued income | 490/1 | €41,513 | €249,399 | +€207,886 | +501% |
| Total equity and liabilities | 10/49 | €332,895 | €473,864 | +€140,969 | +42.3% |
| Equity | 10/15 | €91,549 | €102,646 | +€11,097 | +12.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €89,549 | €100,646 | +€11,097 | +12.4% |
| Distributable reserves | 133 | €89,549 | €100,646 | +€11,097 | +12.4% |
| Amounts payable | 17/49 | €241,346 | €371,218 | +€129,872 | +53.8% |
| Amounts payable within one year | 42/48 | €241,346 | €371,218 | +€129,872 | +53.8% |
| Trade debts | 44 | €32 | €105 | +€73 | +228% |
| Suppliers | 440/4 | €32 | €105 | +€73 | +228% |
| Taxes, remuneration and social security | 45 | €27,821 | €38,103 | +€10,282 | +37.0% |
| Taxes | 450/3 | €27,821 | €38,103 | +€10,282 | +37.0% |
| Other amounts payable | 47/48 | €213,493 | €333,010 | +€119,517 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €3,782 | +€2,563 | +210% |
| Other operating charges | 640/8 | €783 | €785 | +€2 | +0.3% |
| Gross operating margin | 9900 | €302,320 | €443,644 | +€141,324 | +46.7% |
| Operating profit (loss) | 9901 | €300,318 | €439,077 | +€138,759 | +46.2% |
| Financial income | 75/76B | €6,285 | €573 | -€5,712 | -90.9% |
| Recurring financial income | 75 | €6,285 | €573 | -€5,712 | -90.9% |
| Financial charges | 65/66B | €145 | €94 | -€51 | -35.2% |
| Recurring financial charges | 65 | €145 | €94 | -€51 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €306,458 | €439,556 | +€133,098 | +43.4% |
| Income taxes | 67/77 | €72,451 | €108,459 | +€36,008 | +49.7% |
| Profit (loss) for the period | 9904 | €234,007 | €331,097 | +€97,090 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €234,007 | €331,097 | +€97,090 | +41.5% |
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 25 October 2026 via checked.be.