Dr. T. Vansteenkiste: 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. T. Vansteenkiste
Largest movements
- Current investments +€95,000
new in 2025: €95,000
- Tangible fixed assets +€56,847
new in 2025: €56,847
of which Furniture and vehicles: +€51,619
- Receivables within one year +€53,301
new in 2025: €53,301
- Cash +€22,798
up €22,798 (+28.3%), from €80,532 to €103,330
mainly Net result for the year (+€203,970) and Tax, wage and social debts (+€44,201)
- Deferred charges and accrued income +€16,405
up €16,405 (+140%), from €11,690 to €28,095
- Reserves +€203,137
up €203,137 (+299%), from €67,828 to €270,966
- Tax, wage and social debts +€44,201
up €44,201 (+247%), from €17,924 to €62,125
- Gross operating margin +€186,612
up €186,612 (+216%), from €86,317 to €272,929
- Taxes +€44,191
up €44,191 (+250%), from €17,684 to €61,875
- Depreciation +€6,938
new in 2025: €6,938
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 | €92,222 | €337,174 | +€244,952 | +266% |
| Fixed assets | 21/28 | - | €57,447 | +€57,447 | |
| Tangible fixed assets | 22/27 | - | €56,847 | +€56,847 | |
| Plant, machinery and equipment | 23 | - | €5,228 | +€5,228 | |
| Furniture and vehicles | 24 | - | €51,619 | +€51,619 | |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €92,222 | €279,726 | +€187,504 | +203% |
| Amounts receivable within one year | 40/41 | - | €53,301 | +€53,301 | |
| Other amounts receivable | 41 | - | €53,301 | +€53,301 | |
| Current investments | 50/53 | - | €95,000 | +€95,000 | |
| Cash at bank and in hand | 54/58 | €80,532 | €103,330 | +€22,798 | +28.3% |
| Deferred charges and accrued income | 490/1 | €11,690 | €28,095 | +€16,405 | +140% |
| Total equity and liabilities | 10/49 | €92,222 | €337,174 | +€244,952 | +266% |
| Equity | 10/15 | €71,328 | €274,466 | +€203,137 | +285% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €67,828 | €270,966 | +€203,137 | +299% |
| Distributable reserves | 133 | €67,828 | €270,966 | +€203,137 | +299% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,894 | €62,708 | +€41,814 | +200% |
| Amounts payable within one year | 42/48 | €20,894 | €62,708 | +€41,814 | +200% |
| Trade debts | 44 | €1,074 | €0 | -€1,074 | -100% |
| Suppliers | 440/4 | €1,074 | €0 | -€1,074 | -100% |
| Taxes, remuneration and social security | 45 | €17,924 | €62,125 | +€44,201 | +247% |
| Taxes | 450/3 | €17,924 | €62,125 | +€44,201 | +247% |
| Other amounts payable | 47/48 | €1,896 | €583 | -€1,313 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,938 | +€6,938 | |
| Other operating charges | 640/8 | - | €126 | +€126 | |
| Gross operating margin | 9900 | €86,317 | €272,929 | +€186,612 | +216% |
| Operating profit (loss) | 9901 | €86,317 | €265,865 | +€179,548 | +208% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5 | €20 | +€15 | +320% |
| Recurring financial charges | 65 | €5 | €20 | +€15 | +320% |
| Profit (loss) for the period before taxes | 9903 | €86,313 | €265,845 | +€179,533 | +208% |
| Income taxes | 67/77 | €17,684 | €61,875 | +€44,191 | +250% |
| Profit (loss) for the period | 9904 | €68,628 | €203,970 | +€135,342 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €68,628 | €203,970 | +€135,342 | +197% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.