DR. VAN MAELE: 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 MAELE
Largest movements
- Tangible fixed assets +€18,253
up €18,253 (+188.5%), from €9,683 to €27,935
- Cash +€15,844
up €15,844 (+5.5%), from €288,411 to €304,255
mainly Net result for the year (+€19,671) and Tax, wage and social debts (+€9,302)
- Receivables within one year -€4,828
down €4,828 (-68.9%), from €7,011 to €2,183
- Reserves +€9,924
up €9,924 (+3.2%), from €307,296 to €317,220
of which Distributable reserves: +€9,924
- Profit (loss) carried forward +€9,747
no longer reported in 2025 (was -€9,747)
- Tax, wage and social debts +€9,302
up €9,302 (+18604.8%), from €50 to €9,352
- Gross operating margin +€22,070
up €22,070 (+154.7%), from €14,269 to €36,339
- Taxes +€8,288
up €8,288 (+607.5%), from €1,364 to €9,652
- Depreciation -€1,241
down €1,241 (-18.0%), from €6,912 to €5,671
- Financial income +€991
up €991 (+587.5%), from €169 to €1,160
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.
Cash bridge derived
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 | €310,000 | €339,509 | +€29,509 | +9.5% |
| Fixed assets | 21/28 | €10,262 | €28,514 | +€18,253 | +177.9% |
| Tangible fixed assets | 22/27 | €9,683 | €27,935 | +€18,253 | +188.5% |
| Furniture and vehicles | 24 | €9,683 | €27,935 | +€18,253 | +188.5% |
| Financial fixed assets | 28 | €579 | €579 | = | 0.0% |
| Current assets | 29/58 | €299,738 | €310,995 | +€11,257 | +3.8% |
| Amounts receivable within one year | 40/41 | €7,011 | €2,183 | -€4,828 | -68.9% |
| Other amounts receivable | 41 | €7,011 | €2,183 | -€4,828 | -68.9% |
| Cash at bank and in hand | 54/58 | €288,411 | €304,255 | +€15,844 | +5.5% |
| Deferred charges and accrued income | 490/1 | €4,316 | €4,557 | +€241 | +5.6% |
| Total equity and liabilities | 10/49 | €310,000 | €339,509 | +€29,509 | +9.5% |
| Equity | 10/15 | €309,950 | €329,620 | +€19,671 | +6.3% |
| 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 | €307,296 | €317,220 | +€9,924 | +3.2% |
| 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 | €305,436 | €315,360 | +€9,924 | +3.2% |
| Profit (loss) carried forward | 14 | -€9,747 | - | +€9,747 | |
| Amounts payable | 17/49 | €50 | €9,889 | +€9,839 | +19677.5% |
| Amounts payable within one year | 42/48 | €50 | €9,352 | +€9,302 | +18604.8% |
| Taxes, remuneration and social security | 45 | €50 | €9,352 | +€9,302 | +18604.8% |
| Taxes | 450/3 | €50 | €9,352 | +€9,302 | +18604.8% |
| Accrued charges and deferred income | 492/3 | - | €536 | +€536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,912 | €5,671 | -€1,241 | -18.0% |
| Other operating charges | 640/8 | €1,509 | €1,843 | +€335 | +22.2% |
| Gross operating margin | 9900 | €14,269 | €36,339 | +€22,070 | +154.7% |
| Operating profit (loss) | 9901 | €5,848 | €28,824 | +€22,977 | +392.9% |
| Financial income | 75/76B | €169 | €1,160 | +€991 | +587.5% |
| Recurring financial income | 75 | €169 | €1,160 | +€991 | +587.5% |
| Financial charges | 65/66B | €639 | €662 | +€23 | +3.6% |
| Recurring financial charges | 65 | €639 | €662 | +€23 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €5,378 | €29,323 | +€23,945 | +445.3% |
| Income taxes | 67/77 | €1,364 | €9,652 | +€8,288 | +607.5% |
| Profit (loss) for the period | 9904 | €4,014 | €19,671 | +€15,657 | +390.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,014 | €19,671 | +€15,657 | +390.1% |
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 11 October 2026 via checked.be.