Dr. Van Ham: 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 Ham
Largest movements
- Cash -€15,988
down €15,988 (-11.9%), from €134,470 to €118,482
mainly Tax, wage and social debts (-€26,488) and Trade debts (-€1,627)
- Tangible fixed assets -€6,124
down €6,124 (-35.4%), from €17,309 to €11,185
- Tax, wage and social debts -€26,488
down €26,488 (-94.0%), from €28,188 to €1,700
of which Taxes: -€24,439
- Reserves +€7,877
up €7,877 (+7.3%), from €108,567 to €116,444
of which Distributable reserves: +€7,877
- Trade debts -€1,627
no longer reported in 2025 (was €1,627)
- Gross operating margin -€70,737
down €70,737 (-79.3%), from €89,167 to €18,431
- Other operating charges -€8,521
down €8,521 (-83.0%), from €10,272 to €1,751
- Taxes +€3,016
up €3,016 (+1,391%), from €217 to €3,233
- Financial income -€1,329
down €1,329 (-68.9%), from €1,930 to €600
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 | €151,779 | €130,544 | -€21,235 | -14.0% |
| Fixed assets | 21/28 | €17,309 | €11,185 | -€6,124 | -35.4% |
| Tangible fixed assets | 22/27 | €17,309 | €11,185 | -€6,124 | -35.4% |
| Furniture and vehicles | 24 | €17,309 | €11,185 | -€6,124 | -35.4% |
| Current assets | 29/58 | €134,470 | €119,359 | -€15,110 | -11.2% |
| Amounts receivable within one year | 40/41 | - | €877 | +€877 | |
| Trade receivables | 40 | - | €138 | +€138 | |
| Other amounts receivable | 41 | - | €740 | +€740 | |
| Cash at bank and in hand | 54/58 | €134,470 | €118,482 | -€15,988 | -11.9% |
| Total equity and liabilities | 10/49 | €151,779 | €130,544 | -€21,235 | -14.0% |
| Equity | 10/15 | €120,967 | €128,844 | +€7,877 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,567 | €116,444 | +€7,877 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,707 | €114,584 | +€7,877 | +7.4% |
| Amounts payable | 17/49 | €30,812 | €1,700 | -€29,112 | -94.5% |
| Amounts payable within one year | 42/48 | €30,812 | €1,700 | -€29,112 | -94.5% |
| Trade debts | 44 | €1,627 | - | -€1,627 | |
| Suppliers | 440/4 | €1,627 | - | -€1,627 | |
| Taxes, remuneration and social security | 45 | €28,188 | €1,700 | -€26,488 | -94.0% |
| Taxes | 450/3 | €25,501 | €1,062 | -€24,439 | -95.8% |
| Remuneration and social security | 454/9 | €2,687 | €638 | -€2,049 | -76.3% |
| Other amounts payable | 47/48 | €997 | - | -€997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,226 | €6,124 | -€102 | -1.6% |
| Other operating charges | 640/8 | €10,272 | €1,751 | -€8,521 | -83.0% |
| Gross operating margin | 9900 | €89,167 | €18,431 | -€70,737 | -79.3% |
| Operating profit (loss) | 9901 | €72,669 | €10,555 | -€62,114 | -85.5% |
| Financial income | 75/76B | €1,930 | €600 | -€1,329 | -68.9% |
| Recurring financial income | 75 | €1,930 | €600 | -€1,329 | -68.9% |
| Financial charges | 65/66B | €206 | €45 | -€161 | -78.2% |
| Recurring financial charges | 65 | €206 | €45 | -€161 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €74,393 | €11,111 | -€63,282 | -85.1% |
| Income taxes | 67/77 | €217 | €3,233 | +€3,016 | +1,391% |
| Profit (loss) for the period | 9904 | €74,176 | €7,877 | -€66,298 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,176 | €7,877 | -€66,298 | -89.4% |
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 14 October 2026 via checked.be.