Dr. Van den Broeck Thomas: 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 den Broeck Thomas
Largest movements
- Cash +€120,776
up €120,776 (+186%), from €64,825 to €185,600
mainly Net result for the year (+€123,400) and Tax, wage and social debts (+€17,604)
- Receivables within one year +€11,787
up €11,787 (+49.5%), from €23,793 to €35,580
- Deferred charges and accrued income +€4,635
up €4,635 (+79.6%), from €5,820 to €10,455
- Reserves +€123,500
up €123,500 (+176%), from €70,000 to €193,500
- Tax, wage and social debts +€17,604
up €17,604 (+91.2%), from €19,296 to €36,900
- Trade debts -€4,473
down €4,473 (-100.0%), from €4,474 to €2
- Gross operating margin +€111,630
up €111,630 (+229%), from €48,765 to €160,395
- Taxes +€25,966
up €25,966 (+241%), from €10,796 to €36,762
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 | €96,881 | €233,412 | +€136,532 | +141% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,444 | €1,778 | -€666 | -27.3% |
| Tangible fixed assets | 22/27 | €2,444 | €1,778 | -€666 | -27.3% |
| Furniture and vehicles | 24 | €2,444 | €1,778 | -€666 | -27.3% |
| Current assets | 29/58 | €94,437 | €231,635 | +€137,198 | +145% |
| Amounts receivable within one year | 40/41 | €23,793 | €35,580 | +€11,787 | +49.5% |
| Other amounts receivable | 41 | €23,793 | €35,580 | +€11,787 | +49.5% |
| Cash at bank and in hand | 54/58 | €64,825 | €185,600 | +€120,776 | +186% |
| Deferred charges and accrued income | 490/1 | €5,820 | €10,455 | +€4,635 | +79.6% |
| Total equity and liabilities | 10/49 | €96,881 | €233,412 | +€136,532 | +141% |
| Equity | 10/15 | €73,111 | €196,511 | +€123,400 | +169% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €193,500 | +€123,500 | +176% |
| Distributable reserves | 133 | €70,000 | €193,500 | +€123,500 | +176% |
| Profit (loss) carried forward | 14 | €111 | €11 | -€100 | -90.5% |
| Amounts payable | 17/49 | €23,770 | €36,902 | +€13,132 | +55.2% |
| Amounts payable within one year | 42/48 | €23,770 | €36,902 | +€13,132 | +55.2% |
| Trade debts | 44 | €4,474 | €2 | -€4,473 | -100.0% |
| Suppliers | 440/4 | €4,474 | €2 | -€4,473 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,296 | €36,900 | +€17,604 | +91.2% |
| Taxes | 450/3 | €19,296 | €36,900 | +€17,604 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €666 | -€932 | -58.3% |
| Other operating charges | 640/8 | €118 | €1,090 | +€972 | +824% |
| Gross operating margin | 9900 | €48,765 | €160,395 | +€111,630 | +229% |
| Operating profit (loss) | 9901 | €47,050 | €158,639 | +€111,589 | +237% |
| Financial income | 75/76B | €880 | €1,640 | +€760 | +86.3% |
| Recurring financial income | 75 | €880 | €1,640 | +€760 | +86.3% |
| Financial charges | 65/66B | €44 | €117 | +€73 | +169% |
| Recurring financial charges | 65 | €44 | €117 | +€73 | +169% |
| Profit (loss) for the period before taxes | 9903 | €47,886 | €160,162 | +€112,276 | +234% |
| Income taxes | 67/77 | €10,796 | €36,762 | +€25,966 | +241% |
| Profit (loss) for the period | 9904 | €37,091 | €123,400 | +€86,309 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €37,091 | €123,400 | +€86,309 | +233% |
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 28 October 2026 via checked.be.