Dr. Simon Beerten: 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. Simon Beerten
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€9,312
up €9,312 (+23.0%), from €40,465 to €49,776
mainly Current investments (+€50,000) and Other debts (+€33,795)
- Tangible fixed assets -€8,497
down €8,497 (-21.5%), from €39,499 to €31,002
of which Furniture and vehicles: -€8,125
- Receivables within one year +€8,089
up €8,089 (+620%), from €1,304 to €9,394
of which Other amounts receivable: +€9,143
- Profit (loss) carried forward -€73,969
down €73,969 (-64.2%), from €115,190 to €41,221
- Other debts +€33,795
up €33,795 (+1,957%), from €1,727 to €35,522
- Tax, wage and social debts -€3,317
down €3,317 (-35.6%), from €9,317 to €6,000
- Trade debts +€2,211
up €2,211 (+50.1%), from €4,413 to €6,624
- Gross operating margin -€48,671
down €48,671 (-82.2%), from €59,240 to €10,570
- Taxes -€13,460
down €13,460 (-94.0%), from €14,317 to €857
- Depreciation +€4,877
up €4,877 (+135%), from €3,621 to €8,497
- Financial income -€1,130
down €1,130 (-80.3%), from €1,407 to €277
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 | €132,147 | €90,867 | -€41,280 | -31.2% |
| Fixed assets | 21/28 | €39,499 | €31,002 | -€8,497 | -21.5% |
| Tangible fixed assets | 22/27 | €39,499 | €31,002 | -€8,497 | -21.5% |
| Plant, machinery and equipment | 23 | €3,052 | €2,679 | -€373 | -12.2% |
| Furniture and vehicles | 24 | €36,448 | €28,323 | -€8,125 | -22.3% |
| Current assets | 29/58 | €92,647 | €59,865 | -€32,782 | -35.4% |
| Amounts receivable within one year | 40/41 | €1,304 | €9,394 | +€8,089 | +620% |
| Trade receivables | 40 | €1,304 | €250 | -€1,054 | -80.8% |
| Other amounts receivable | 41 | - | €9,143 | +€9,143 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €40,465 | €49,776 | +€9,312 | +23.0% |
| Deferred charges and accrued income | 490/1 | €878 | €695 | -€183 | -20.9% |
| Total equity and liabilities | 10/49 | €132,147 | €90,867 | -€41,280 | -31.2% |
| Equity | 10/15 | €116,690 | €42,721 | -€73,969 | -63.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,190 | €41,221 | -€73,969 | -64.2% |
| Amounts payable | 17/49 | €15,457 | €48,146 | +€32,689 | +211% |
| Amounts payable within one year | 42/48 | €15,457 | €48,146 | +€32,689 | +211% |
| Trade debts | 44 | €4,413 | €6,624 | +€2,211 | +50.1% |
| Suppliers | 440/4 | €4,413 | €6,624 | +€2,211 | +50.1% |
| Taxes, remuneration and social security | 45 | €9,317 | €6,000 | -€3,317 | -35.6% |
| Taxes | 450/3 | €9,317 | €6,000 | -€3,317 | -35.6% |
| Other amounts payable | 47/48 | €1,727 | €35,522 | +€33,795 | +1,957% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,621 | €8,497 | +€4,877 | +135% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €59,240 | €10,570 | -€48,671 | -82.2% |
| Operating profit (loss) | 9901 | €55,619 | €2,014 | -€53,605 | -96.4% |
| Financial income | 75/76B | €1,407 | €277 | -€1,130 | -80.3% |
| Recurring financial income | 75 | €1,407 | €277 | -€1,130 | -80.3% |
| Financial charges | 65/66B | €67 | €104 | +€36 | +54.1% |
| Recurring financial charges | 65 | €67 | €104 | +€36 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €56,960 | €2,188 | -€54,771 | -96.2% |
| Income taxes | 67/77 | €14,317 | €857 | -€13,460 | -94.0% |
| Profit (loss) for the period | 9904 | €42,642 | €1,331 | -€41,311 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,642 | €1,331 | -€41,311 | -96.9% |
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 24 October 2026 via checked.be.