Dr. Steven Huysmans: what changed
Dr. Steven Huysmans
Largest movements
- Deferred charges and accrued income -€31,508
down €31,508 (-44.4%), from €71,019 to €39,511
- Current investments -€8,553
down €8,553 (-71.3%), from €12,000 to €3,447
- Cash -€6,129
down €6,129 (-8.2%), from €74,701 to €68,572
mainly Contributions, distributions and other (-€277,512) and Tax, wage and social debts (-€2,852)
- Reserves -€138,519
down €138,519 (-95.2%), from €145,519 to €7,000
- Other debts +€96,689
up €96,689 (+4,908%), from €1,970 to €98,659
- Tax, wage and social debts -€2,852
down €2,852 (-29.9%), from €9,531 to €6,679
- Gross operating margin -€7,113
down €7,113 (-3.8%), from €189,151 to €182,038
- Depreciation -€2,510
down €2,510 (-91.2%), from €2,753 to €242
- Taxes -€1,900
down €1,900 (-4.5%), from €42,669 to €40,769
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 | €157,719 | €113,006 | -€44,713 | -28.3% |
| Fixed assets | 21/28 | - | €1,357 | +€1,357 | |
| Tangible fixed assets | 22/27 | - | €1,357 | +€1,357 | |
| Furniture and vehicles | 24 | - | €1,357 | +€1,357 | |
| Current assets | 29/58 | €157,719 | €111,650 | -€46,070 | -29.2% |
| Amounts receivable within one year | 40/41 | - | €120 | +€120 | |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Current investments | 50/53 | €12,000 | €3,447 | -€8,553 | -71.3% |
| Cash at bank and in hand | 54/58 | €74,701 | €68,572 | -€6,129 | -8.2% |
| Deferred charges and accrued income | 490/1 | €71,019 | €39,511 | -€31,508 | -44.4% |
| Total equity and liabilities | 10/49 | €157,719 | €113,006 | -€44,713 | -28.3% |
| Equity | 10/15 | €145,619 | €7,100 | -€138,519 | -95.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €145,519 | €7,000 | -€138,519 | -95.2% |
| Distributable reserves | 133 | €145,519 | €7,000 | -€138,519 | -95.2% |
| Amounts payable | 17/49 | €12,101 | €105,906 | +€93,806 | +775% |
| Amounts payable within one year | 42/48 | €12,101 | €105,906 | +€93,806 | +775% |
| Financial debts | 43 | €599 | €568 | -€32 | -5.3% |
| Credit institutions | 430/8 | €599 | €568 | -€32 | -5.3% |
| Taxes, remuneration and social security | 45 | €9,531 | €6,679 | -€2,852 | -29.9% |
| Taxes | 450/3 | €9,531 | €6,679 | -€2,852 | -29.9% |
| Other amounts payable | 47/48 | €1,970 | €98,659 | +€96,689 | +4,908% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | €242 | -€2,510 | -91.2% |
| Other operating charges | 640/8 | €1,060 | €1,278 | +€217 | +20.5% |
| Gross operating margin | 9900 | €189,151 | €182,038 | -€7,113 | -3.8% |
| Operating profit (loss) | 9901 | €185,337 | €180,518 | -€4,820 | -2.6% |
| Financial income | 75/76B | €952 | €298 | -€654 | -68.7% |
| Recurring financial income | 75 | €952 | €298 | -€654 | -68.7% |
| Financial charges | 65/66B | €376 | €1,054 | +€678 | +180% |
| Recurring financial charges | 65 | €376 | €1,054 | +€678 | +180% |
| Profit (loss) for the period before taxes | 9903 | €185,914 | €179,762 | -€6,152 | -3.3% |
| Income taxes | 67/77 | €42,669 | €40,769 | -€1,900 | -4.5% |
| Profit (loss) for the period | 9904 | €143,245 | €138,993 | -€4,252 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,245 | €138,993 | -€4,252 | -3.0% |
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.