Dr Vandecasteele Olivia: 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 Vandecasteele Olivia
Largest movements
- Deferred charges and accrued income +€49,185
up €49,185 (+76.2%), from €64,537 to €113,722
- Financial fixed assets -€22,492
down €22,492 (-60.0%), from €37,492 to €15,000
- Cash +€10,699
up €10,699 (+18.0%), from €59,543 to €70,242
mainly Net result for the year (+€131,002) and Other debts (+€129,727)
- Receivables within one year +€5,000
new in 2025: €5,000
- Tangible fixed assets -€2,300
down €2,300 (-32.9%), from €6,995 to €4,695
- Other debts +€129,727
up €129,727 (+3,596%), from €3,608 to €133,335
- Reserves -€110,000
down €110,000 (-77.3%), from €142,217 to €32,217
- Tax, wage and social debts +€8,735
up €8,735 (+112%), from €7,784 to €16,519
- Trade debts +€8,686
up €8,686 (+9,849%), from €88 to €8,774
- Short-term financial debts +€2,474
up €2,474 (+48.7%), from €5,075 to €7,549
- Gross operating margin +€50,199
up €50,199 (+40.8%), from €122,889 to €173,088
- Taxes +€13,722
up €13,722 (+54.5%), from €25,164 to €38,887
- Financial income +€1,934
up €1,934 (+1,579%), from €123 to €2,057
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 | €168,567 | €208,659 | +€40,092 | +23.8% |
| Fixed assets | 21/28 | €44,487 | €19,695 | -€24,792 | -55.7% |
| Tangible fixed assets | 22/27 | €6,995 | €4,695 | -€2,300 | -32.9% |
| Furniture and vehicles | 24 | €6,995 | €4,695 | -€2,300 | -32.9% |
| Financial fixed assets | 28 | €37,492 | €15,000 | -€22,492 | -60.0% |
| Current assets | 29/58 | €124,080 | €188,964 | +€64,884 | +52.3% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €59,543 | €70,242 | +€10,699 | +18.0% |
| Deferred charges and accrued income | 490/1 | €64,537 | €113,722 | +€49,185 | +76.2% |
| Total equity and liabilities | 10/49 | €168,567 | €208,659 | +€40,092 | +23.8% |
| Equity | 10/15 | €149,217 | €39,217 | -€110,000 | -73.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €142,217 | €32,217 | -€110,000 | -77.3% |
| Distributable reserves | 133 | €142,217 | €32,217 | -€110,000 | -77.3% |
| Amounts payable | 17/49 | €19,350 | €169,442 | +€150,092 | +776% |
| Amounts payable within one year | 42/48 | €16,555 | €166,177 | +€149,622 | +904% |
| Financial debts | 43 | €5,075 | €7,549 | +€2,474 | +48.7% |
| Credit institutions | 430/8 | €5,075 | €7,549 | +€2,474 | +48.7% |
| Trade debts | 44 | €88 | €8,774 | +€8,686 | +9,849% |
| Suppliers | 440/4 | €88 | €8,774 | +€8,686 | +9,849% |
| Taxes, remuneration and social security | 45 | €7,784 | €16,519 | +€8,735 | +112% |
| Taxes | 450/3 | €7,784 | €16,519 | +€8,735 | +112% |
| Other amounts payable | 47/48 | €3,608 | €133,335 | +€129,727 | +3,596% |
| Accrued charges and deferred income | 492/3 | €2,795 | €3,265 | +€470 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,267 | €2,300 | +€33 | +1.4% |
| Other operating charges | 640/8 | €770 | €658 | -€112 | -14.5% |
| Gross operating margin | 9900 | €122,889 | €173,088 | +€50,199 | +40.8% |
| Operating profit (loss) | 9901 | €119,851 | €170,129 | +€50,278 | +42.0% |
| Financial income | 75/76B | €123 | €2,057 | +€1,934 | +1,579% |
| Recurring financial income | 75 | €123 | €2,057 | +€1,934 | +1,579% |
| Financial charges | 65/66B | €2,518 | €2,298 | -€221 | -8.8% |
| Recurring financial charges | 65 | €2,518 | €2,298 | -€221 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €117,455 | €169,888 | +€52,433 | +44.6% |
| Income taxes | 67/77 | €25,164 | €38,887 | +€13,722 | +54.5% |
| Profit (loss) for the period | 9904 | €92,291 | €131,002 | +€38,711 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,291 | €131,002 | +€38,711 | +41.9% |
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 27 October 2026 via checked.be.