Dr. Van Cleuvenbergen E.: 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 Cleuvenbergen E.
Largest movements
- Receivables within one year -€47,015
down €47,015 (-70.5%), from €66,698 to €19,682
- Tangible fixed assets -€28,543
down €28,543 (-12.0%), from €238,459 to €209,916
of which Land and buildings: -€20,875
- Cash +€22,745
up €22,745 (+31.3%), from €72,732 to €95,477
mainly Net result for the year (+€66,226) and Receivables within one year (+€47,015)
- Debts after one year -€35,344
down €35,344 (-16.9%), from €209,236 to €173,892
- Other debts -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Gross operating margin -€10,818
down €10,818 (-7.9%), from €136,982 to €126,164
- Financial charges +€3,012
up €3,012 (+29.8%), from €10,106 to €13,118
- Taxes +€1,863
up €1,863 (+12.8%), from €14,598 to €16,461
- Depreciation -€1,677
down €1,677 (-5.4%), from €30,869 to €29,192
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,539 | €338,945 | -€51,594 | -13.2% |
| Fixed assets | 21/28 | €238,459 | €209,916 | -€28,543 | -12.0% |
| Tangible fixed assets | 22/27 | €238,459 | €209,916 | -€28,543 | -12.0% |
| Land and buildings | 22 | €212,969 | €192,094 | -€20,875 | -9.8% |
| Furniture and vehicles | 24 | €25,490 | €17,822 | -€7,668 | -30.1% |
| Current assets | 29/58 | €152,080 | €129,030 | -€23,050 | -15.2% |
| Amounts receivable within one year | 40/41 | €66,698 | €19,682 | -€47,015 | -70.5% |
| Other amounts receivable | 41 | €66,698 | €19,682 | -€47,015 | -70.5% |
| Cash at bank and in hand | 54/58 | €72,732 | €95,477 | +€22,745 | +31.3% |
| Deferred charges and accrued income | 490/1 | €12,650 | €13,870 | +€1,220 | +9.6% |
| Total equity and liabilities | 10/49 | €390,539 | €338,945 | -€51,594 | -13.2% |
| Equity | 10/15 | €52,449 | €48,675 | -€3,774 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €30,075 | -€1,785 | -5.6% |
| Distributable reserves | 133 | €31,860 | €30,075 | -€1,785 | -5.6% |
| Profit (loss) carried forward | 14 | €1,989 | - | -€1,989 | |
| Amounts payable | 17/49 | €338,090 | €290,270 | -€47,820 | -14.1% |
| Amounts payable after more than one year | 17 | €209,236 | €173,892 | -€35,344 | -16.9% |
| Financial debts | 170/4 | €209,236 | €173,892 | -€35,344 | -16.9% |
| Amounts payable within one year | 42/48 | €128,698 | €116,312 | -€12,386 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €39,367 | €36,299 | -€3,067 | -7.8% |
| Trade debts | 44 | €3,854 | €4,575 | +€720 | +18.7% |
| Suppliers | 440/4 | €3,854 | €4,575 | +€720 | +18.7% |
| Taxes, remuneration and social security | 45 | €5,477 | €5,438 | -€39 | -0.7% |
| Taxes | 450/3 | €3,861 | €3,090 | -€771 | -20.0% |
| Remuneration and social security | 454/9 | €1,616 | €2,348 | +€732 | +45.3% |
| Other amounts payable | 47/48 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Accrued charges and deferred income | 492/3 | €156 | €67 | -€89 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,869 | €29,192 | -€1,677 | -5.4% |
| Other operating charges | 640/8 | €2,654 | €2,612 | -€42 | -1.6% |
| Gross operating margin | 9900 | €136,982 | €126,164 | -€10,818 | -7.9% |
| Operating profit (loss) | 9901 | €103,459 | €94,360 | -€9,099 | -8.8% |
| Financial income | 75/76B | €2,716 | €1,445 | -€1,271 | -46.8% |
| Recurring financial income | 75 | €2,716 | €1,445 | -€1,271 | -46.8% |
| Financial charges | 65/66B | €10,106 | €13,118 | +€3,012 | +29.8% |
| Recurring financial charges | 65 | €10,106 | €13,118 | +€3,012 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €96,070 | €82,687 | -€13,382 | -13.9% |
| Income taxes | 67/77 | €14,598 | €16,461 | +€1,863 | +12.8% |
| Profit (loss) for the period | 9904 | €81,472 | €66,226 | -€15,245 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,472 | €66,226 | -€15,245 | -18.7% |
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 22 October 2026 via checked.be.