DR. T. VANCRAEYNEST: what changed
What changed
DR. T. VANCRAEYNEST
filed annual accounts (NBB)
Net result for the year
€75,525
2024 · €75,180+€344
Equity
€1.1m
2024 · €1.1m+€75,525
Cash
€440,130
2024 · €79,289+€360,841
Balance sheet total
€1.3m
2024 · €1.3m+€79,126
Largest movements
Assets
- Cash +€360,841
up €360,841 (+455%), from €79,289 to €440,130
mainly Current investments (+€279,350) and Net result for the year (+€75,525)
- Current investments -€279,350
down €279,350 (-23.6%), from €1.2m to €905,780
Equity and liabilities
- Profit (loss) carried forward +€75,525
new in 2025: €75,525
Income statement
- Financial charges +€11,496
up €11,496 (+10,793%), from €107 to €11,602
- Gross operating margin +€8,316
up €8,316 (+9.6%), from €87,047 to €95,363
- Taxes -€3,455
down €3,455 (-11.7%), from €29,545 to €26,090
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.
Result 2024
€75,180
Gross operating margin
+€8,316
Other operating charges
+€946
Financial income
-€878
Financial charges
-€11,496
Taxes
+€3,455
Result 2025
€75,525
raises the resultlowers the result
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.
From operations
+€81,491
Investment
+€279,350
Financing
€0
Cash 2024
€79,289
From operations (derived)
+€81,491
Net result for the year
+€75,525
Receivables within one year
-€820
Deferred charges and accrued income
+€3,185
Smaller working-capital items
-€1,179
Tax, wage and social debts
-€7,071
Other debts
+€11,852
Investment (derived)
+€279,350
Current investments
+€279,350
Cash 2025
€440,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,267,814 | €1,346,940 | +€79,126 | +6.2% |
| Fixed assets | 21/28 | €211 | €211 | = | 0.0% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €1,267,603 | €1,346,729 | +€79,126 | +6.2% |
| Amounts receivable within one year | 40/41 | - | €820 | +€820 | |
| Trade receivables | 40 | - | €820 | +€820 | |
| Current investments | 50/53 | €1,185,129 | €905,780 | -€279,350 | -23.6% |
| Cash at bank and in hand | 54/58 | €79,289 | €440,130 | +€360,841 | +455% |
| Deferred charges and accrued income | 490/1 | €3,185 | - | -€3,185 | |
| Total equity and liabilities | 10/49 | €1,267,814 | €1,346,940 | +€79,126 | +6.2% |
| Equity | 10/15 | €1,058,092 | €1,133,617 | +€75,525 | +7.1% |
| Contributions | 10/11 | €512,536 | €512,536 | = | 0.0% |
| Contributions outside capital | 11 | - | €512,536 | +€512,536 | |
| Other | 1109/19 | - | €512,536 | +€512,536 | |
| Reserves | 13 | €545,556 | €545,556 | = | 0.0% |
| Distributable reserves | 133 | €545,556 | €545,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €75,525 | +€75,525 | |
| Amounts payable | 17/49 | €209,722 | €213,323 | +€3,602 | +1.7% |
| Amounts payable within one year | 42/48 | €209,110 | €213,323 | +€4,213 | +2.0% |
| Trade debts | 44 | €1,626 | €1,059 | -€568 | -34.9% |
| Suppliers | 440/4 | €1,626 | €1,059 | -€568 | -34.9% |
| Taxes, remuneration and social security | 45 | €10,545 | €3,474 | -€7,071 | -67.1% |
| Taxes | 450/3 | €7,089 | - | -€7,089 | |
| Remuneration and social security | 454/9 | €3,456 | €3,474 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €196,939 | €208,791 | +€11,852 | +6.0% |
| Accrued charges and deferred income | 492/3 | €611 | - | -€611 | |
| Other operating charges | 640/8 | €1,596 | €650 | -€946 | -59.3% |
| Gross operating margin | 9900 | €87,047 | €95,363 | +€8,316 | +9.6% |
| Operating profit (loss) | 9901 | €85,451 | €94,713 | +€9,263 | +10.8% |
| Financial income | 75/76B | €19,381 | €18,504 | -€878 | -4.5% |
| Recurring financial income | 75 | €19,381 | €18,504 | -€878 | -4.5% |
| Financial charges | 65/66B | €107 | €11,602 | +€11,496 | +10,793% |
| Recurring financial charges | 65 | €107 | €11,602 | +€11,496 | +10,793% |
| Profit (loss) for the period before taxes | 9903 | €104,726 | €101,615 | -€3,111 | -3.0% |
| Income taxes | 67/77 | €29,545 | €26,090 | -€3,455 | -11.7% |
| Profit (loss) for the period | 9904 | €75,180 | €75,525 | +€344 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,180 | €75,525 | +€344 | +0.5% |
Next steps
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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.