Dr. Silke Vasseur: what changed
Dr. Silke Vasseur
Largest movements
- Tangible fixed assets -€9,178
down €9,178 (-27.0%), from €33,960 to €24,782
of which Furniture and vehicles: -€8,997
- Cash -€4,772
down €4,772 (-21.9%), from €21,780 to €17,008
mainly Contributions, distributions and other (-€73,000) and Tax, wage and social debts (-€2,736)
- Deferred charges and accrued income -€4,414
down €4,414 (-70.2%), from €6,287 to €1,873
- Profit (loss) carried forward -€40,067
down €40,067 (-82.9%), from €48,313 to €8,246
- Other debts +€24,453
up €24,453 (+2,471%), from €990 to €25,443
- Tax, wage and social debts -€2,736
down €2,736 (-68.1%), from €4,019 to €1,283
- Gross operating margin -€16,641
down €16,641 (-23.6%), from €70,491 to €53,850
- Taxes -€1,433
down €1,433 (-11.3%), from €12,697 to €11,264
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 | €62,027 | €43,663 | -€18,364 | -29.6% |
| Fixed assets | 21/28 | €33,960 | €24,782 | -€9,178 | -27.0% |
| Tangible fixed assets | 22/27 | €33,960 | €24,782 | -€9,178 | -27.0% |
| Plant, machinery and equipment | 23 | €1,587 | €1,406 | -€181 | -11.4% |
| Furniture and vehicles | 24 | €32,373 | €23,376 | -€8,997 | -27.8% |
| Current assets | 29/58 | €28,067 | €18,881 | -€9,186 | -32.7% |
| Cash at bank and in hand | 54/58 | €21,780 | €17,008 | -€4,772 | -21.9% |
| Deferred charges and accrued income | 490/1 | €6,287 | €1,873 | -€4,414 | -70.2% |
| Total equity and liabilities | 10/49 | €62,027 | €43,663 | -€18,364 | -29.6% |
| Equity | 10/15 | €54,313 | €14,246 | -€40,067 | -73.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,313 | €8,246 | -€40,067 | -82.9% |
| Amounts payable | 17/49 | €7,714 | €29,417 | +€21,703 | +281% |
| Amounts payable within one year | 42/48 | €5,009 | €26,726 | +€21,717 | +434% |
| Taxes, remuneration and social security | 45 | €4,019 | €1,283 | -€2,736 | -68.1% |
| Taxes | 450/3 | €4,019 | €1,283 | -€2,736 | -68.1% |
| Other amounts payable | 47/48 | €990 | €25,443 | +€24,453 | +2,471% |
| Accrued charges and deferred income | 492/3 | €2,705 | €2,690 | -€15 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,187 | €9,178 | -€9 | -0.1% |
| Other operating charges | 640/8 | €571 | €400 | -€172 | -30.0% |
| Gross operating margin | 9900 | €70,491 | €53,850 | -€16,641 | -23.6% |
| Operating profit (loss) | 9901 | €60,733 | €44,272 | -€16,461 | -27.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €151 | €75 | -€76 | -50.2% |
| Recurring financial charges | 65 | €151 | €75 | -€76 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €60,582 | €44,197 | -€16,385 | -27.0% |
| Income taxes | 67/77 | €12,697 | €11,264 | -€1,433 | -11.3% |
| Profit (loss) for the period | 9904 | €47,885 | €32,933 | -€14,952 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,885 | €32,933 | -€14,952 | -31.2% |
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.