Dr. VAN AKEN DAVID: 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 AKEN DAVID
Largest movements
- Cash +€40,328
up €40,328 (+18.5%), from €217,511 to €257,839
mainly Net result for the year (+€35,624) and Receivables within one year (+€16,692)
- Receivables within one year -€16,692
down €16,692 (-57.7%), from €28,950 to €12,257
of which Trade receivables: -€18,950
- Reserves +€35,600
up €35,600 (+17.9%), from €199,060 to €234,660
- Other debts -€12,828
down €12,828 (-30.3%), from €42,285 to €29,457
- Gross operating margin -€30,529
down €30,529 (-35.6%), from €85,696 to €55,167
- Taxes -€5,391
down €5,391 (-23.3%), from €23,134 to €17,743
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 | €280,524 | €304,885 | +€24,362 | +8.7% |
| Fixed assets | 21/28 | €115 | €1,551 | +€1,436 | +1,247% |
| Tangible fixed assets | 22/27 | €15 | €1,451 | +€1,436 | +9,449% |
| Plant, machinery and equipment | 23 | €15 | €1,451 | +€1,436 | +9,449% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €280,409 | €303,334 | +€22,925 | +8.2% |
| Amounts receivable within one year | 40/41 | €28,950 | €12,257 | -€16,692 | -57.7% |
| Trade receivables | 40 | €28,950 | €10,000 | -€18,950 | -65.5% |
| Other amounts receivable | 41 | - | €2,257 | +€2,257 | |
| Cash at bank and in hand | 54/58 | €217,511 | €257,839 | +€40,328 | +18.5% |
| Deferred charges and accrued income | 490/1 | €33,948 | €33,238 | -€710 | -2.1% |
| Total equity and liabilities | 10/49 | €280,524 | €304,885 | +€24,362 | +8.7% |
| Equity | 10/15 | €211,854 | €247,478 | +€35,624 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,060 | €234,660 | +€35,600 | +17.9% |
| Distributable reserves | 133 | €199,060 | €234,660 | +€35,600 | +17.9% |
| Profit (loss) carried forward | 14 | €394 | €418 | +€24 | +6.2% |
| Amounts payable | 17/49 | €68,670 | €57,407 | -€11,263 | -16.4% |
| Amounts payable within one year | 42/48 | €68,670 | €57,407 | -€11,263 | -16.4% |
| Trade debts | 44 | €11,699 | €12,404 | +€705 | +6.0% |
| Suppliers | 440/4 | €11,699 | €12,404 | +€705 | +6.0% |
| Taxes, remuneration and social security | 45 | €14,686 | €15,546 | +€860 | +5.9% |
| Taxes | 450/3 | €14,686 | €3,696 | -€10,990 | -74.8% |
| Remuneration and social security | 454/9 | - | €11,850 | +€11,850 | |
| Other amounts payable | 47/48 | €42,285 | €29,457 | -€12,828 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €472 | +€45 | +10.5% |
| Other operating charges | 640/8 | €1,214 | €1,261 | +€48 | +3.9% |
| Gross operating margin | 9900 | €85,696 | €55,167 | -€30,529 | -35.6% |
| Operating profit (loss) | 9901 | €84,055 | €53,434 | -€30,621 | -36.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €80 | €73 | -€7 | -8.7% |
| Recurring financial charges | 65 | €80 | €73 | -€7 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €83,976 | €53,367 | -€30,609 | -36.4% |
| Income taxes | 67/77 | €23,134 | €17,743 | -€5,391 | -23.3% |
| Profit (loss) for the period | 9904 | €60,842 | €35,624 | -€25,218 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,842 | €35,624 | -€25,218 | -41.4% |
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 23 October 2026 via checked.be.