DR. VAN TILBURGH ELINE: 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 TILBURGH ELINE
Largest movements
- Cash +€10,941
up €10,941 (+7.7%), from €141,207 to €152,148
mainly Other debts (+€171,909) and Net result for the year (+€51,198)
- Receivables within one year -€9,370
down €9,370 (-16.7%), from €56,243 to €46,874
- Other debts +€171,909
up €171,909 (+2,393%), from €7,185 to €179,095
- Reserves -€153,802
down €153,802 (-95.1%), from €161,680 to €7,878
- Accrued charges and deferred income -€22,556
no longer reported in 2025 (was €22,556)
- Tax, wage and social debts +€6,744
up €6,744 (+142%), from €4,735 to €11,478
of which Taxes: +€6,694
- Gross operating margin -€6,695
down €6,695 (-9.2%), from €72,731 to €66,036
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 | €198,827 | €201,291 | +€2,465 | +1.2% |
| Fixed assets | 21/28 | - | €810 | +€810 | |
| Tangible fixed assets | 22/27 | - | €810 | +€810 | |
| Furniture and vehicles | 24 | - | €810 | +€810 | |
| Current assets | 29/58 | €198,827 | €200,482 | +€1,655 | +0.8% |
| Amounts receivable within one year | 40/41 | €56,243 | €46,874 | -€9,370 | -16.7% |
| Other amounts receivable | 41 | €56,243 | €46,874 | -€9,370 | -16.7% |
| Cash at bank and in hand | 54/58 | €141,207 | €152,148 | +€10,941 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,377 | €1,460 | +€84 | +6.1% |
| Total equity and liabilities | 10/49 | €198,827 | €201,291 | +€2,465 | +1.2% |
| Equity | 10/15 | €163,680 | €9,878 | -€153,802 | -94.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €161,680 | €7,878 | -€153,802 | -95.1% |
| Distributable reserves | 133 | €161,680 | €7,878 | -€153,802 | -95.1% |
| Amounts payable | 17/49 | €35,147 | €191,413 | +€156,267 | +445% |
| Amounts payable within one year | 42/48 | €12,590 | €191,413 | +€178,823 | +1,420% |
| Trade debts | 44 | €670 | €840 | +€170 | +25.4% |
| Suppliers | 440/4 | €670 | €840 | +€170 | +25.4% |
| Taxes, remuneration and social security | 45 | €4,735 | €11,478 | +€6,744 | +142% |
| Taxes | 450/3 | €2,335 | €9,028 | +€6,694 | +287% |
| Remuneration and social security | 454/9 | €2,400 | €2,450 | +€50 | +2.1% |
| Other amounts payable | 47/48 | €7,185 | €179,095 | +€171,909 | +2,393% |
| Accrued charges and deferred income | 492/3 | €22,556 | - | -€22,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €61 | +€61 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €72,731 | €66,036 | -€6,695 | -9.2% |
| Operating profit (loss) | 9901 | €72,226 | €65,455 | -€6,771 | -9.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €53 | €135 | +€83 | +157% |
| Recurring financial charges | 65 | €53 | €135 | +€83 | +157% |
| Profit (loss) for the period before taxes | 9903 | €72,173 | €65,320 | -€6,854 | -9.5% |
| Income taxes | 67/77 | €14,511 | €14,122 | -€389 | -2.7% |
| Profit (loss) for the period | 9904 | €57,662 | €51,198 | -€6,465 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,662 | €51,198 | -€6,465 | -11.2% |
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 25 October 2026 via checked.be.