Dr. Sara Van Brussel: what changed
Dr. Sara Van Brussel
Largest movements
- Current investments +€54,665
up €54,665 (+13.0%), from €421,004 to €475,669
- Receivables within one year +€38,760
up €38,760 (+47.0%), from €82,392 to €121,152
of which Other amounts receivable: +€33,713
- Tangible fixed assets -€24,471
down €24,471 (-25.7%), from €95,395 to €70,923
of which Furniture and vehicles: -€19,582
- Reserves +€63,865
up €63,865 (+9.5%), from €669,302 to €733,168
of which Distributable reserves: +€63,865
- Financial income +€35,218
up €35,218 (+301%), from €11,710 to €46,928
- Gross operating margin -€13,194
down €13,194 (-6.0%), from €219,362 to €206,168
- Financial charges +€3,506
up €3,506 (+100%), from €3,490 to €6,996
of which Financial charges: +€5,691
- Other operating charges -€3,059
down €3,059 (-69.5%), from €4,399 to €1,340
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 | €694,162 | €765,023 | +€70,861 | +10.2% |
| Fixed assets | 21/28 | €95,395 | €70,923 | -€24,471 | -25.7% |
| Tangible fixed assets | 22/27 | €95,395 | €70,923 | -€24,471 | -25.7% |
| Plant, machinery and equipment | 23 | €6,253 | €4,564 | -€1,688 | -27.0% |
| Furniture and vehicles | 24 | €81,692 | €62,110 | -€19,582 | -24.0% |
| Other tangible fixed assets | 26 | €7,450 | €4,249 | -€3,201 | -43.0% |
| Current assets | 29/58 | €598,767 | €694,099 | +€95,332 | +15.9% |
| Amounts receivable within one year | 40/41 | €82,392 | €121,152 | +€38,760 | +47.0% |
| Trade receivables | 40 | €81,125 | €86,172 | +€5,047 | +6.2% |
| Other amounts receivable | 41 | €1,267 | €34,980 | +€33,713 | +2,660% |
| Current investments | 50/53 | €421,004 | €475,669 | +€54,665 | +13.0% |
| Cash at bank and in hand | 54/58 | €95,017 | €96,919 | +€1,902 | +2.0% |
| Deferred charges and accrued income | 490/1 | €354 | €360 | +€6 | +1.7% |
| Total equity and liabilities | 10/49 | €694,162 | €765,023 | +€70,861 | +10.2% |
| Equity | 10/15 | €681,802 | €745,668 | +€63,865 | +9.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €669,302 | €733,168 | +€63,865 | +9.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €669,302 | €733,168 | +€63,865 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,359 | €19,355 | +€6,996 | +56.6% |
| Amounts payable within one year | 42/48 | €12,083 | €18,710 | +€6,627 | +54.8% |
| Trade debts | 44 | €1,589 | €1,750 | +€161 | +10.1% |
| Suppliers | 440/4 | €1,589 | €1,750 | +€161 | +10.1% |
| Taxes, remuneration and social security | 45 | €10,494 | €16,960 | +€6,466 | +61.6% |
| Taxes | 450/3 | €10,494 | €16,960 | +€6,466 | +61.6% |
| Accrued charges and deferred income | 492/3 | €276 | €645 | +€369 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,379 | €24,471 | +€92 | +0.4% |
| Other operating charges | 640/8 | €4,399 | €1,340 | -€3,059 | -69.5% |
| Gross operating margin | 9900 | €219,362 | €206,168 | -€13,194 | -6.0% |
| Operating profit (loss) | 9901 | €190,584 | €180,357 | -€10,227 | -5.4% |
| Financial income | 75/76B | €11,710 | €46,928 | +€35,218 | +301% |
| Recurring financial income | 75 | €11,710 | €46,928 | +€35,218 | +301% |
| Financial charges | 65/66B | €3,490 | €6,996 | +€3,506 | +100% |
| Recurring financial charges | 65 | €1,305 | €6,996 | +€5,691 | +436% |
| Non-recurring financial charges | 66B | €2,185 | €0 | -€2,185 | -100% |
| Profit (loss) for the period before taxes | 9903 | €198,804 | €220,289 | +€21,485 | +10.8% |
| Income taxes | 67/77 | €57,456 | €59,021 | +€1,565 | +2.7% |
| Profit (loss) for the period | 9904 | €141,348 | €161,268 | +€19,920 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,348 | €161,268 | +€19,920 | +14.1% |
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 2 November 2026 via checked.be.