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Dr. Sara Neyens: what changed

What changed

Dr. Sara Neyens

BE 0677.464.034
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€153,966
2024 · €181,331-€27,366
Equity
€181,791
2024 · €467,826-€286,034
Cash
€106,966
2024 · €464,111-€357,145
Balance sheet total
€575,791
2024 · €482,120+€93,671

Largest movements

2024 to 2025
Assets
  • 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

Equity and liabilities
  • 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

Income statement
  • 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

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €181,331
Gross operating margin +€9,816
Depreciation -€349
Other operating charges -€12
Financial income +€3,480
Financial charges -€2,528
Taxes -€37,772
Result 2025 €153,966
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€547,069
Investment -€464,214
Financing -€440,000
Cash 2024 €464,111
Net result for the year +€153,966
Depreciation +€670
Receivables within one year +€13,847
Smaller working-capital items -€1,273
Tax, wage and social debts +€7,643
Other debts +€373,634
Accrued charges and deferred income -€1,418
Current investments -€464,214
Contributions, distributions and other -€440,000
Cash 2025 €106,966
brings cash intakes cash out
Every line side by side 38 lines
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%
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.