Dr. Thisbe Vanrysselberghe: 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. Thisbe Vanrysselberghe
Largest movements
- Cash +€50,721
up €50,721 (+84.6%), from €59,972 to €110,694
mainly Net result for the year (+€31,493) and Depreciation (+€10,747)
- Tangible fixed assets -€9,258
down €9,258 (-37.4%), from €24,766 to €15,509
of which Furniture and vehicles: -€7,825
- Receivables within one year -€3,300
down €3,300 (-100%), from €3,300 to €0
- Reserves +€31,493
up €31,493 (+83.3%), from €37,829 to €69,321
- Tax, wage and social debts +€6,359
up €6,359 (+111%), from €5,722 to €12,080
of which Taxes: +€6,359
- Accrued charges and deferred income +€2,795
up €2,795, from €0 to €2,795
- Trade debts -€2,237
down €2,237 (-99.1%), from €2,259 to €21
- Gross operating margin +€17,910
up €17,910 (+44.9%), from €39,862 to €57,772
- Taxes +€3,637
up €3,637 (+41.7%), from €8,722 to €12,359
- Financial charges +€2,793
up €2,793 (+2,205%), from €127 to €2,920
- Depreciation +€1,340
up €1,340 (+14.2%), from €9,407 to €10,747
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 | €90,790 | €129,260 | +€38,470 | +42.4% |
| Fixed assets | 21/28 | €24,766 | €15,509 | -€9,258 | -37.4% |
| Tangible fixed assets | 22/27 | €24,766 | €15,509 | -€9,258 | -37.4% |
| Plant, machinery and equipment | 23 | €2,974 | €3,658 | +€684 | +23.0% |
| Furniture and vehicles | 24 | €19,676 | €11,851 | -€7,825 | -39.8% |
| Other tangible fixed assets | 26 | €2,116 | €0 | -€2,116 | -100.0% |
| Current assets | 29/58 | €66,024 | €113,752 | +€47,728 | +72.3% |
| Amounts receivable within one year | 40/41 | €3,300 | €0 | -€3,300 | -100% |
| Other amounts receivable | 41 | €3,300 | €0 | -€3,300 | -100% |
| Cash at bank and in hand | 54/58 | €59,972 | €110,694 | +€50,721 | +84.6% |
| Deferred charges and accrued income | 490/1 | €2,751 | €3,058 | +€307 | +11.2% |
| Total equity and liabilities | 10/49 | €90,790 | €129,260 | +€38,470 | +42.4% |
| Equity | 10/15 | €42,829 | €74,321 | +€31,493 | +73.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,829 | €69,321 | +€31,493 | +83.3% |
| Distributable reserves | 133 | €37,829 | €69,321 | +€31,493 | +83.3% |
| Amounts payable | 17/49 | €47,961 | €54,939 | +€6,978 | +14.5% |
| Amounts payable within one year | 42/48 | €47,961 | €52,144 | +€4,183 | +8.7% |
| Trade debts | 44 | €2,259 | €21 | -€2,237 | -99.1% |
| Suppliers | 440/4 | €2,259 | €21 | -€2,237 | -99.1% |
| Taxes, remuneration and social security | 45 | €5,722 | €12,080 | +€6,359 | +111% |
| Taxes | 450/3 | €5,722 | €12,080 | +€6,359 | +111% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €39,981 | €40,043 | +€61 | +0.2% |
| Accrued charges and deferred income | 492/3 | €0 | €2,795 | +€2,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,407 | €10,747 | +€1,340 | +14.2% |
| Other operating charges | 640/8 | €0 | €254 | +€254 | |
| Gross operating margin | 9900 | €39,862 | €57,772 | +€17,910 | +44.9% |
| Operating profit (loss) | 9901 | €30,455 | €46,771 | +€16,316 | +53.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €127 | €2,920 | +€2,793 | +2,205% |
| Recurring financial charges | 65 | €127 | €2,920 | +€2,793 | +2,205% |
| Profit (loss) for the period before taxes | 9903 | €30,328 | €43,851 | +€13,523 | +44.6% |
| Income taxes | 67/77 | €8,722 | €12,359 | +€3,637 | +41.7% |
| Profit (loss) for the period | 9904 | €21,607 | €31,493 | +€9,886 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,607 | €31,493 | +€9,886 | +45.8% |
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 1 November 2026 via checked.be.