DR. VAN ASSCHE HERMAN: what changed
DR. VAN ASSCHE HERMAN
Largest movements
- Current investments -€131,934
down €131,934 (-66.7%), from €197,762 to €65,828
- Tangible fixed assets +€37,143
new in 2025: €37,143
of which Furniture and vehicles: +€32,400
- Receivables within one year +€31,340
up €31,340 (+43.1%), from €72,719 to €104,058
of which Other amounts receivable: +€28,540
- Cash +€4,206
up €4,206 (+82.9%), from €5,074 to €9,281
mainly Current investments (+€131,934) and Depreciation (+€8,627)
- Trade debts -€51,522
down €51,522 (-95.9%), from €53,738 to €2,216
- Profit (loss) carried forward -€7,723
down €7,723 (-76.8%), from €10,057 to €2,335
- Financial income -€28,439
down €28,439 (-99.3%), from €28,638 to €199
- Financial charges +€23,938
up €23,938 (+4,446%), from €538 to €24,476
- Gross operating margin +€8,691
up €8,691 (+39.7%), from €21,864 to €30,555
- Depreciation +€8,627
new in 2025: €8,627
- Taxes -€2,684
down €2,684 (-34.5%), from €7,768 to €5,085
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 | €275,555 | €216,310 | -€59,245 | -21.5% |
| Fixed assets | 21/28 | - | €37,143 | +€37,143 | |
| Tangible fixed assets | 22/27 | - | €37,143 | +€37,143 | |
| Plant, machinery and equipment | 23 | - | €4,743 | +€4,743 | |
| Furniture and vehicles | 24 | - | €32,400 | +€32,400 | |
| Current assets | 29/58 | €275,555 | €179,167 | -€96,388 | -35.0% |
| Amounts receivable within one year | 40/41 | €72,719 | €104,058 | +€31,340 | +43.1% |
| Trade receivables | 40 | - | €2,800 | +€2,800 | |
| Other amounts receivable | 41 | €72,719 | €101,258 | +€28,540 | +39.2% |
| Current investments | 50/53 | €197,762 | €65,828 | -€131,934 | -66.7% |
| Cash at bank and in hand | 54/58 | €5,074 | €9,281 | +€4,206 | +82.9% |
| Total equity and liabilities | 10/49 | €275,555 | €216,310 | -€59,245 | -21.5% |
| Equity | 10/15 | €216,007 | €208,284 | -€7,723 | -3.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €197,350 | €197,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,960 | €1,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,960 | €1,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,390 | €4,390 | = | 0.0% |
| Distributable reserves | 133 | €191,000 | €191,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,057 | €2,335 | -€7,723 | -76.8% |
| Amounts payable | 17/49 | €59,548 | €8,026 | -€51,522 | -86.5% |
| Amounts payable within one year | 42/48 | €59,548 | €8,026 | -€51,522 | -86.5% |
| Trade debts | 44 | €53,738 | €2,216 | -€51,522 | -95.9% |
| Suppliers | 440/4 | €53,738 | €2,216 | -€51,522 | -95.9% |
| Taxes, remuneration and social security | 45 | €5,810 | €5,810 | = | 0.0% |
| Taxes | 450/3 | €5,810 | - | -€5,810 | |
| Remuneration and social security | 454/9 | - | €5,810 | +€5,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,627 | +€8,627 | |
| Other operating charges | 640/8 | €1,328 | €288 | -€1,040 | -78.3% |
| Gross operating margin | 9900 | €21,864 | €30,555 | +€8,691 | +39.7% |
| Operating profit (loss) | 9901 | €20,535 | €21,640 | +€1,104 | +5.4% |
| Financial income | 75/76B | €28,638 | €199 | -€28,439 | -99.3% |
| Recurring financial income | 75 | €28,638 | €199 | -€28,439 | -99.3% |
| Financial charges | 65/66B | €538 | €24,476 | +€23,938 | +4,446% |
| Recurring financial charges | 65 | €538 | €24,476 | +€23,938 | +4,446% |
| Profit (loss) for the period before taxes | 9903 | €48,635 | -€2,638 | -€51,273 | |
| Income taxes | 67/77 | €7,768 | €5,085 | -€2,684 | -34.5% |
| Profit (loss) for the period | 9904 | €40,867 | -€7,723 | -€48,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,867 | -€7,723 | -€48,589 |
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 2 November 2026 via checked.be.