Dr Vanaubel: what changed
Dr Vanaubel
Largest movements
- Cash +€177,378
up €177,378 (+179%), from €99,013 to €276,390
mainly Other debts (+€226,772) and Net result for the year (+€108,716)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€4,121
down €4,121 (-14.9%), from €27,715 to €23,594
of which Plant, machinery and equipment: -€5,019
- Other debts +€226,772
up €226,772 (+12,000%), from €1,890 to €228,662
- Profit (loss) carried forward -€193,113
down €193,113 (-100%), from €193,113 to €0
- Tax, wage and social debts +€39,874
up €39,874 (+104%), from €38,182 to €78,057
of which Taxes: +€39,874
- Gross operating margin -€5,526
down €5,526 (-3.7%), from €151,298 to €145,772
- Depreciation +€4,742
up €4,742 (+325%), from €1,457 to €6,199
- Financial charges -€2,181
down €2,181 (-94.3%), from €2,313 to €131
- Taxes -€1,734
down €1,734 (-5.3%), from €32,782 to €31,048
- Financial income +€1,535
up €1,535 (+9,034%), from €17 to €1,552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,245 | €311,185 | +€72,939 | +30.6% |
| Fixed assets | 21/28 | €27,715 | €23,594 | -€4,121 | -14.9% |
| Tangible fixed assets | 22/27 | €27,715 | €23,594 | -€4,121 | -14.9% |
| Plant, machinery and equipment | 23 | €24,644 | €19,625 | -€5,019 | -20.4% |
| Furniture and vehicles | 24 | €1,162 | €2,522 | +€1,360 | +117% |
| Other tangible fixed assets | 26 | €1,909 | €1,448 | -€461 | -24.2% |
| Current assets | 29/58 | €210,530 | €287,590 | +€77,060 | +36.6% |
| Amounts receivable within one year | 40/41 | €4,146 | €4,417 | +€271 | +6.5% |
| Trade receivables | 40 | €4,146 | €0 | -€4,146 | -100% |
| Other amounts receivable | 41 | €0 | €4,417 | +€4,417 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €99,013 | €276,390 | +€177,378 | +179% |
| Deferred charges and accrued income | 490/1 | €7,371 | €6,783 | -€589 | -8.0% |
| Total equity and liabilities | 10/49 | €238,245 | €311,185 | +€72,939 | +30.6% |
| Equity | 10/15 | €195,613 | €2,500 | -€193,113 | -98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,113 | €0 | -€193,113 | -100% |
| Amounts payable | 17/49 | €42,632 | €308,685 | +€266,053 | +624% |
| Amounts payable within one year | 42/48 | €41,870 | €308,685 | +€266,815 | +637% |
| Trade debts | 44 | €1,798 | €1,966 | +€168 | +9.4% |
| Suppliers | 440/4 | €1,798 | €1,966 | +€168 | +9.4% |
| Taxes, remuneration and social security | 45 | €38,182 | €78,057 | +€39,874 | +104% |
| Taxes | 450/3 | €38,182 | €78,057 | +€39,874 | +104% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €1,890 | €228,662 | +€226,772 | +12,000% |
| Accrued charges and deferred income | 492/3 | €762 | €0 | -€762 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €6,199 | +€4,742 | +325% |
| Other operating charges | 640/8 | €545 | €1,230 | +€685 | +126% |
| Gross operating margin | 9900 | €151,298 | €145,772 | -€5,526 | -3.7% |
| Operating profit (loss) | 9901 | €149,297 | €138,343 | -€10,953 | -7.3% |
| Financial income | 75/76B | €17 | €1,552 | +€1,535 | +9,034% |
| Recurring financial income | 75 | €17 | €1,552 | +€1,535 | +9,034% |
| Financial charges | 65/66B | €2,313 | €131 | -€2,181 | -94.3% |
| Recurring financial charges | 65 | €2,313 | €131 | -€2,181 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €147,001 | €139,764 | -€7,237 | -4.9% |
| Income taxes | 67/77 | €32,782 | €31,048 | -€1,734 | -5.3% |
| Profit (loss) for the period | 9904 | €114,219 | €108,716 | -€5,503 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,219 | €108,716 | -€5,503 | -4.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.