Dr. Tanja Vanacoleyen: what changed
Dr. Tanja Vanacoleyen
Largest movements
- Cash +€121,846
up €121,846 (+43.0%), from €283,581 to €405,427
mainly Net result for the year (+€111,543) and Other debts (+€29,973)
- Current investments +€12,000
up €12,000 (+19.0%), from €63,175 to €75,175
- Tangible fixed assets +€7,471
up €7,471 (+71.9%), from €10,397 to €17,868
of which Furniture and vehicles: +€5,995
- Receivables within one year -€5,368
no longer reported in 2025 (was €5,368)
of which Other amounts receivable: -€5,095
- Reserves +€111,500
up €111,500 (+35.9%), from €310,500 to €422,000
- Other debts +€29,973
up €29,973 (+219%), from €13,699 to €43,672
- Tax, wage and social debts -€5,260
down €5,260 (-22.7%), from €23,131 to €17,871
of which Taxes: -€5,138
- Gross operating margin +€19,324
up €19,324 (+11.0%), from €176,442 to €195,766
- Taxes +€5,797
up €5,797 (+13.8%), from €42,151 to €47,948
- Staff costs +€4,448
up €4,448 (+14.0%), from €31,688 to €36,136
- Financial income +€3,135
up €3,135 (+802%), from €391 to €3,526
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 | €363,057 | €499,052 | +€135,995 | +37.5% |
| Fixed assets | 21/28 | €10,397 | €17,868 | +€7,471 | +71.9% |
| Tangible fixed assets | 22/27 | €10,397 | €17,868 | +€7,471 | +71.9% |
| Furniture and vehicles | 24 | €2,427 | €8,422 | +€5,995 | +247% |
| Other tangible fixed assets | 26 | €7,970 | €9,446 | +€1,476 | +18.5% |
| Current assets | 29/58 | €352,660 | €481,184 | +€128,524 | +36.4% |
| Amounts receivable within one year | 40/41 | €5,368 | - | -€5,368 | |
| Trade receivables | 40 | €273 | - | -€273 | |
| Other amounts receivable | 41 | €5,095 | - | -€5,095 | |
| Current investments | 50/53 | €63,175 | €75,175 | +€12,000 | +19.0% |
| Cash at bank and in hand | 54/58 | €283,581 | €405,427 | +€121,846 | +43.0% |
| Deferred charges and accrued income | 490/1 | €536 | €582 | +€46 | +8.6% |
| Total equity and liabilities | 10/49 | €363,057 | €499,052 | +€135,995 | +37.5% |
| Equity | 10/15 | €319,668 | €431,211 | +€111,543 | +34.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €310,500 | €422,000 | +€111,500 | +35.9% |
| Distributable reserves | 133 | €310,500 | €422,000 | +€111,500 | +35.9% |
| Profit (loss) carried forward | 14 | €6,668 | €6,711 | +€43 | +0.6% |
| Amounts payable | 17/49 | €43,389 | €67,841 | +€24,452 | +56.4% |
| Amounts payable within one year | 42/48 | €41,539 | €66,007 | +€24,468 | +58.9% |
| Trade debts | 44 | €4,709 | €4,464 | -€245 | -5.2% |
| Suppliers | 440/4 | €4,709 | €4,464 | -€245 | -5.2% |
| Taxes, remuneration and social security | 45 | €23,131 | €17,871 | -€5,260 | -22.7% |
| Taxes | 450/3 | €13,028 | €7,890 | -€5,138 | -39.4% |
| Remuneration and social security | 454/9 | €10,103 | €9,981 | -€122 | -1.2% |
| Other amounts payable | 47/48 | €13,699 | €43,672 | +€29,973 | +219% |
| Accrued charges and deferred income | 492/3 | €1,850 | €1,834 | -€16 | -0.9% |
| Remuneration, social security and pensions | 62 | €31,688 | €36,136 | +€4,448 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €2,272 | +€618 | +37.4% |
| Other operating charges | 640/8 | €607 | €733 | +€126 | +20.8% |
| Gross operating margin | 9900 | €176,442 | €195,766 | +€19,324 | +11.0% |
| Operating profit (loss) | 9901 | €142,493 | €156,625 | +€14,132 | +9.9% |
| Financial income | 75/76B | €391 | €3,526 | +€3,135 | +802% |
| Recurring financial income | 75 | €391 | €3,526 | +€3,135 | +802% |
| Financial charges | 65/66B | €137 | €660 | +€523 | +382% |
| Recurring financial charges | 65 | €137 | €660 | +€523 | +382% |
| Profit (loss) for the period before taxes | 9903 | €142,747 | €159,491 | +€16,744 | +11.7% |
| Income taxes | 67/77 | €42,151 | €47,948 | +€5,797 | +13.8% |
| Profit (loss) for the period | 9904 | €100,596 | €111,543 | +€10,947 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,596 | €111,543 | +€10,947 | +10.9% |
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 3 November 2026 via checked.be.