Dr. Sara Neyens: what changed
Dr. Sara Neyens
Largest movements
- Current investments +€464,214
up €464,214, from €0 to €464,214
- Cash -€357,145
down €357,145 (-77.0%), from €464,111 to €106,966
mainly Current investments (-€464,214) and Contributions, distributions and other (-€440,000)
- Receivables within one year -€13,847
down €13,847 (-95.5%), from €14,507 to €660
of which Other amounts receivable: -€12,573
- Other debts +€373,634
up €373,634 (+4,597%), from €8,128 to €381,762
- Reserves -€286,034
down €286,034 (-63.9%), from €447,750 to €161,716
- Tax, wage and social debts +€7,643
up €7,643 (+611%), from €1,250 to €8,893
- Taxes +€37,772
up €37,772 (+121%), from €31,167 to €68,939
- Gross operating margin +€9,816
up €9,816 (+4.7%), from €210,820 to €220,636
- Financial income +€3,480
up €3,480 (+137%), from €2,542 to €6,022
- Financial charges +€2,528
up €2,528 (+2,721%), from €93 to €2,621
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 | €482,120 | €575,791 | +€93,671 | +19.4% |
| Fixed assets | 21/28 | €3,486 | €2,817 | -€670 | -19.2% |
| Tangible fixed assets | 22/27 | €3,486 | €2,817 | -€670 | -19.2% |
| Plant, machinery and equipment | 23 | €3,486 | €2,817 | -€670 | -19.2% |
| Current assets | 29/58 | €478,634 | €572,974 | +€94,341 | +19.7% |
| Amounts receivable within one year | 40/41 | €14,507 | €660 | -€13,847 | -95.5% |
| Trade receivables | 40 | €1,274 | - | -€1,274 | |
| Other amounts receivable | 41 | €13,233 | €660 | -€12,573 | -95.0% |
| Current investments | 50/53 | €0 | €464,214 | +€464,214 | |
| Cash at bank and in hand | 54/58 | €464,111 | €106,966 | -€357,145 | -77.0% |
| Deferred charges and accrued income | 490/1 | €15 | €1,134 | +€1,119 | +7,486% |
| Total equity and liabilities | 10/49 | €482,120 | €575,791 | +€93,671 | +19.4% |
| Equity | 10/15 | €467,826 | €181,791 | -€286,034 | -61.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €447,750 | €161,716 | -€286,034 | -63.9% |
| Distributable reserves | 133 | €447,750 | €161,716 | -€286,034 | -63.9% |
| Profit (loss) carried forward | 14 | €76 | €76 | = | 0.0% |
| Amounts payable | 17/49 | €14,294 | €393,999 | +€379,705 | +2,656% |
| Amounts payable within one year | 42/48 | €10,794 | €391,917 | +€381,123 | +3,531% |
| Trade debts | 44 | €1,416 | €1,263 | -€154 | -10.9% |
| Suppliers | 440/4 | €1,416 | €1,263 | -€154 | -10.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,250 | €8,893 | +€7,643 | +611% |
| Taxes | 450/3 | €1,250 | €8,893 | +€7,643 | +611% |
| Other amounts payable | 47/48 | €8,128 | €381,762 | +€373,634 | +4,597% |
| Accrued charges and deferred income | 492/3 | €3,500 | €2,082 | -€1,418 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €670 | +€349 | +109% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €210,820 | €220,636 | +€9,816 | +4.7% |
| Operating profit (loss) | 9901 | €210,049 | €219,504 | +€9,455 | +4.5% |
| Financial income | 75/76B | €2,542 | €6,022 | +€3,480 | +137% |
| Recurring financial income | 75 | €2,542 | €6,022 | +€3,480 | +137% |
| Financial charges | 65/66B | €93 | €2,621 | +€2,528 | +2,721% |
| Recurring financial charges | 65 | €93 | €2,621 | +€2,528 | +2,721% |
| Profit (loss) for the period before taxes | 9903 | €212,498 | €222,905 | +€10,407 | +4.9% |
| Income taxes | 67/77 | €31,167 | €68,939 | +€37,772 | +121% |
| Profit (loss) for the period | 9904 | €181,331 | €153,966 | -€27,366 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €181,331 | €153,966 | -€27,366 | -15.1% |
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.