DR. VAN OVERMEIRE PASCAL: 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.
What changed
DR. VAN OVERMEIRE PASCAL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€194,444
2024 · €206,525-€12,081
Equity
€1.2m
2024 · €1.1m+€94,444
Cash
€62,923
2024 · €64,401-€1,478
Balance sheet total
€1.8m
2024 · €1.8m+€5,104
Largest movements
Assets
- Tangible fixed assets -€42,953
down €42,953 (-3.3%), from €1.3m to €1.3m
of which Land and buildings: -€36,630
- Receivables within one year +€38,434
up €38,434 (+16.0%), from €240,842 to €279,276
of which Other amounts receivable: +€35,560
Equity and liabilities
- Debts after one year -€102,561
down €102,561 (-20.2%), from €508,784 to €406,223
- Reserves +€94,000
up €94,000 (+9.4%), from €1.0m to €1.1m
Income statement
- Gross operating margin -€21,602
down €21,602 (-5.8%), from €372,877 to €351,275
- Taxes -€6,005
down €6,005 (-6.6%), from €91,506 to €85,501
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.
Result 2024
€206,525
Gross operating margin
-€21,602
Depreciation
-€3,128
Other operating charges
+€972
Financial income
+€2,301
Financial charges
+€3,372
Taxes
+€6,005
Result 2025
€194,444
raises the resultlowers the result
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.
From operations
+€215,697
Investment
-€17,969
Financing
-€199,206
Cash 2024
€64,401
From operations (derived)
+€215,697
Net result for the year
+€194,444
Depreciation
+€49,133
Receivables within one year
-€38,434
Deferred charges and accrued income
+€688
Trade debts
-€3,520
Tax, wage and social debts
+€13,386
Investment (derived)
-€17,969
Investment in fixed assets (net)
-€6,180
Current investments
-€11,789
Financing
-€199,206
Debts after one year
-€102,561
Current portion of long-term debt
+€5,768
Short-term financial debts
-€2,413
Contributions, distributions and other
-€100,000
Cash 2025
€62,923
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,759,166 | €1,764,270 | +€5,104 | +0.3% |
| Fixed assets | 21/28 | €1,309,733 | €1,266,780 | -€42,953 | -3.3% |
| Tangible fixed assets | 22/27 | €1,309,733 | €1,266,780 | -€42,953 | -3.3% |
| Land and buildings | 22 | €1,165,669 | €1,129,040 | -€36,630 | -3.1% |
| Furniture and vehicles | 24 | €144,064 | €137,740 | -€6,324 | -4.4% |
| Current assets | 29/58 | €449,433 | €497,490 | +€48,057 | +10.7% |
| Amounts receivable within one year | 40/41 | €240,842 | €279,276 | +€38,434 | +16.0% |
| Trade receivables | 40 | €141,764 | €144,638 | +€2,874 | +2.0% |
| Other amounts receivable | 41 | €99,078 | €134,638 | +€35,560 | +35.9% |
| Current investments | 50/53 | €139,634 | €151,422 | +€11,789 | +8.4% |
| Cash at bank and in hand | 54/58 | €64,401 | €62,923 | -€1,478 | -2.3% |
| Deferred charges and accrued income | 490/1 | €4,556 | €3,868 | -€688 | -15.1% |
| Total equity and liabilities | 10/49 | €1,759,166 | €1,764,270 | +€5,104 | +0.3% |
| Equity | 10/15 | €1,072,180 | €1,166,624 | +€94,444 | +8.8% |
| Contributions | 10/11 | €45,500 | €45,500 | = | 0.0% |
| Reserves | 13 | €1,005,000 | €1,099,000 | +€94,000 | +9.4% |
| Distributable reserves | 133 | €1,005,000 | €1,099,000 | +€94,000 | +9.4% |
| Profit (loss) carried forward | 14 | €21,680 | €22,124 | +€444 | +2.0% |
| Amounts payable | 17/49 | €686,986 | €597,646 | -€89,340 | -13.0% |
| Amounts payable after more than one year | 17 | €508,784 | €406,223 | -€102,561 | -20.2% |
| Financial debts | 170/4 | €508,784 | €406,223 | -€102,561 | -20.2% |
| Amounts payable within one year | 42/48 | €178,202 | €191,423 | +€13,221 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €98,539 | €104,307 | +€5,768 | +5.9% |
| Financial debts | 43 | €2,413 | - | -€2,413 | |
| Credit institutions | 430/8 | €2,413 | - | -€2,413 | |
| Trade debts | 44 | €4,386 | €866 | -€3,520 | -80.2% |
| Suppliers | 440/4 | €4,386 | €866 | -€3,520 | -80.2% |
| Taxes, remuneration and social security | 45 | €72,864 | €86,250 | +€13,386 | +18.4% |
| Taxes | 450/3 | €72,864 | €86,250 | +€13,386 | +18.4% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,005 | €49,133 | +€3,128 | +6.8% |
| Other operating charges | 640/8 | €4,965 | €3,993 | -€972 | -19.6% |
| Gross operating margin | 9900 | €372,877 | €351,275 | -€21,602 | -5.8% |
| Operating profit (loss) | 9901 | €321,907 | €298,148 | -€23,759 | -7.4% |
| Financial income | 75/76B | €5,423 | €7,724 | +€2,301 | +42.4% |
| Recurring financial income | 75 | €5,423 | €7,724 | +€2,301 | +42.4% |
| Financial charges | 65/66B | €29,299 | €25,927 | -€3,372 | -11.5% |
| Recurring financial charges | 65 | €29,299 | €25,927 | -€3,372 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €298,031 | €279,945 | -€18,086 | -6.1% |
| Income taxes | 67/77 | €91,506 | €85,501 | -€6,005 | -6.6% |
| Profit (loss) for the period | 9904 | €206,525 | €194,444 | -€12,081 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €206,525 | €194,444 | -€12,081 | -5.8% |
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 17 October 2026 via checked.be.