DR. SUZANNE GAL: 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. SUZANNE GAL
Largest movements
- Cash +€101,371
up €101,371 (+34.4%), from €294,291 to €395,663
mainly Net result for the year (+€87,658) and Depreciation (+€12,138)
- Tangible fixed assets -€11,299
down €11,299 (-33.5%), from €33,681 to €22,382
of which Furniture and vehicles: -€10,464
- Reserves +€84,992
up €84,992 (+21.5%), from €394,715 to €479,707
- Gross operating margin -€1,838
down €1,838 (-1.3%), from €137,178 to €135,340
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 | €410,729 | €495,020 | +€84,291 | +20.5% |
| Fixed assets | 21/28 | €33,681 | €22,382 | -€11,299 | -33.5% |
| Tangible fixed assets | 22/27 | €33,681 | €22,382 | -€11,299 | -33.5% |
| Plant, machinery and equipment | 23 | €3,435 | €2,601 | -€835 | -24.3% |
| Furniture and vehicles | 24 | €30,245 | €19,781 | -€10,464 | -34.6% |
| Current assets | 29/58 | €377,049 | €472,638 | +€95,589 | +25.4% |
| Amounts receivable within one year | 40/41 | €80,815 | €75,873 | -€4,942 | -6.1% |
| Trade receivables | 40 | €418 | €431 | +€12 | +3.0% |
| Other amounts receivable | 41 | €80,397 | €75,443 | -€4,954 | -6.2% |
| Cash at bank and in hand | 54/58 | €294,291 | €395,663 | +€101,371 | +34.4% |
| Deferred charges and accrued income | 490/1 | €1,943 | €1,102 | -€840 | -43.3% |
| Total equity and liabilities | 10/49 | €410,729 | €495,020 | +€84,291 | +20.5% |
| Equity | 10/15 | €400,715 | €485,707 | +€84,992 | +21.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €394,715 | €479,707 | +€84,992 | +21.5% |
| Distributable reserves | 133 | €394,715 | €479,707 | +€84,992 | +21.5% |
| Amounts payable | 17/49 | €10,015 | €9,313 | -€702 | -7.0% |
| Amounts payable within one year | 42/48 | €9,810 | €9,097 | -€713 | -7.3% |
| Trade debts | 44 | €2,000 | €2,017 | +€17 | +0.9% |
| Suppliers | 440/4 | €2,000 | €2,017 | +€17 | +0.9% |
| Taxes, remuneration and social security | 45 | €3,750 | €2,000 | -€1,750 | -46.7% |
| Taxes | 450/3 | €1,750 | - | -€1,750 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,060 | €5,080 | +€1,020 | +25.1% |
| Accrued charges and deferred income | 492/3 | €205 | €216 | +€11 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,099 | €12,138 | +€38 | +0.3% |
| Other operating charges | 640/8 | €1,311 | €1,324 | +€12 | +0.9% |
| Non-recurring operating charges | 66A | €334 | - | -€334 | |
| Gross operating margin | 9900 | €137,178 | €135,340 | -€1,838 | -1.3% |
| Operating profit (loss) | 9901 | €123,434 | €121,879 | -€1,555 | -1.3% |
| Financial charges | 65/66B | €202 | €236 | +€35 | +17.2% |
| Recurring financial charges | 65 | €202 | €236 | +€35 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €123,232 | €121,642 | -€1,590 | -1.3% |
| Income taxes | 67/77 | €34,750 | €33,984 | -€766 | -2.2% |
| Profit (loss) for the period | 9904 | €88,482 | €87,658 | -€824 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,482 | €87,658 | -€824 | -0.9% |
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 19 October 2026 via checked.be.