DR. VAN ACKER CHRISTIAN: 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. VAN ACKER CHRISTIAN
Largest movements
- Cash -€126,847
down €126,847 (-61.1%), from €207,728 to €80,881
mainly Contributions, distributions and other (-€240,577) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+94.5%), from €52,900 to €102,900
- Tangible fixed assets -€36,245
down €36,245 (-3.5%), from €1.0m to €997,723
of which Land and buildings: -€32,880
- Deferred charges and accrued income +€30,735
up €30,735 (+97.5%), from €31,523 to €62,259
- Debts after one year -€41,554
down €41,554 (-37.3%), from €111,314 to €69,760
of which Financial debts: -€41,554
- Other debts -€27,738
down €27,738 (-27.6%), from €100,594 to €72,856
- Tax, wage and social debts +€15,872
up €15,872 (+34.5%), from €45,978 to €61,850
- Depreciation -€64,067
down €64,067 (-63.9%), from €100,312 to €36,245
- Gross operating margin +€58,299
up €58,299 (+17.4%), from €334,681 to €392,980
- Taxes +€43,981
up €43,981 (+66.1%), from €66,488 to €110,469
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 | €1,331,413 | €1,249,056 | -€82,357 | -6.2% |
| Fixed assets | 21/28 | €1,039,108 | €1,002,863 | -€36,245 | -3.5% |
| Tangible fixed assets | 22/27 | €1,033,968 | €997,723 | -€36,245 | -3.5% |
| Land and buildings | 22 | €1,026,763 | €993,883 | -€32,880 | -3.2% |
| Plant, machinery and equipment | 23 | €2,970 | €1,507 | -€1,462 | -49.2% |
| Furniture and vehicles | 24 | €4,236 | €2,333 | -€1,903 | -44.9% |
| Financial fixed assets | 28 | €5,140 | €5,140 | = | 0.0% |
| Current assets | 29/58 | €292,305 | €246,193 | -€46,112 | -15.8% |
| Amounts receivable within one year | 40/41 | €153 | €153 | = | 0.0% |
| Other amounts receivable | 41 | €153 | €153 | = | 0.0% |
| Current investments | 50/53 | €52,900 | €102,900 | +€50,000 | +94.5% |
| Cash at bank and in hand | 54/58 | €207,728 | €80,881 | -€126,847 | -61.1% |
| Deferred charges and accrued income | 490/1 | €31,523 | €62,259 | +€30,735 | +97.5% |
| Total equity and liabilities | 10/49 | €1,331,413 | €1,249,056 | -€82,357 | -6.2% |
| Equity | 10/15 | €956,625 | €946,850 | -€9,775 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €944,225 | €934,450 | -€9,775 | -1.0% |
| Tax-exempt reserves | 132 | €138,173 | €130,399 | -€7,773 | -5.6% |
| Distributable reserves | 133 | €806,052 | €804,051 | -€2,002 | -0.2% |
| Provisions and deferred taxes | 16 | €46,058 | €43,466 | -€2,591 | -5.6% |
| Deferred taxes | 168 | €46,058 | €43,466 | -€2,591 | -5.6% |
| Amounts payable | 17/49 | €328,730 | €258,740 | -€69,990 | -21.3% |
| Amounts payable after more than one year | 17 | €111,314 | €69,760 | -€41,554 | -37.3% |
| Financial debts | 170/4 | €108,914 | €67,360 | -€41,554 | -38.2% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,305 | €182,981 | -€28,324 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €48,044 | €44,508 | -€3,536 | -7.4% |
| Trade debts | 44 | €16,690 | €3,768 | -€12,922 | -77.4% |
| Suppliers | 440/4 | €16,690 | €3,768 | -€12,922 | -77.4% |
| Taxes, remuneration and social security | 45 | €45,978 | €61,850 | +€15,872 | +34.5% |
| Taxes | 450/3 | €45,978 | €61,850 | +€15,872 | +34.5% |
| Other amounts payable | 47/48 | €100,594 | €72,856 | -€27,738 | -27.6% |
| Accrued charges and deferred income | 492/3 | €6,111 | €5,999 | -€113 | -1.8% |
| Remuneration, social security and pensions | 62 | €1,732 | €10 | -€1,722 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,312 | €36,245 | -€64,067 | -63.9% |
| Other operating charges | 640/8 | €8,475 | €7,146 | -€1,329 | -15.7% |
| Gross operating margin | 9900 | €334,681 | €392,980 | +€58,299 | +17.4% |
| Operating profit (loss) | 9901 | €224,162 | €349,580 | +€125,418 | +55.9% |
| Financial income | 75/76B | €2,246 | €1,466 | -€780 | -34.7% |
| Recurring financial income | 75 | €2,246 | €1,466 | -€780 | -34.7% |
| Financial charges | 65/66B | €13,523 | €12,367 | -€1,156 | -8.6% |
| Recurring financial charges | 65 | €13,523 | €12,367 | -€1,156 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €212,885 | €338,679 | +€125,794 | +59.1% |
| Transfer from deferred taxes | 780 | €1,294 | €2,591 | +€1,298 | +100% |
| Income taxes | 67/77 | €66,488 | €110,469 | +€43,981 | +66.1% |
| Profit (loss) for the period | 9904 | €147,691 | €230,801 | +€83,111 | +56.3% |
| Transfer from tax-exempt reserves | 789 | €3,881 | €7,773 | +€3,893 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €151,571 | €238,575 | +€87,004 | +57.4% |
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 15 October 2026 via checked.be.