Dr. Vanhonsebrouck Eva: what changed
Dr. Vanhonsebrouck Eva
Largest movements
- Deferred charges and accrued income +€79,610
up €79,610 (+57.0%), from €139,566 to €219,176
- Cash +€64,992
up €64,992 (+15.5%), from €419,210 to €484,202
mainly Net result for the year (+€430,542) and Other debts (+€142,574)
- Receivables after one year -€38,500
no longer reported in 2025 (was €38,500)
- Current investments -€16,000
no longer reported in 2025 (was €16,000)
- Other debts +€142,574
up €142,574 (+27.4%), from €520,422 to €662,997
- Reserves -€69,458
down €69,458 (-82.1%), from €84,638 to €15,180
- Tax, wage and social debts +€13,571
up €13,571 (+59.4%), from €22,849 to €36,420
- Gross operating margin +€132,377
up €132,377 (+29.4%), from €450,145 to €582,522
- Taxes +€35,584
up €35,584 (+33.0%), from €107,849 to €143,433
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 | €629,909 | €716,597 | +€86,687 | +13.8% |
| Fixed assets | 21/28 | €16,633 | €13,219 | -€3,414 | -20.5% |
| Tangible fixed assets | 22/27 | €16,633 | €13,219 | -€3,414 | -20.5% |
| Plant, machinery and equipment | 23 | €4,723 | €5,726 | +€1,003 | +21.2% |
| Furniture and vehicles | 24 | €11,910 | €7,493 | -€4,417 | -37.1% |
| Current assets | 29/58 | €613,276 | €703,378 | +€90,101 | +14.7% |
| Amounts receivable after more than one year | 29 | €38,500 | - | -€38,500 | |
| Other amounts receivable | 291 | €38,500 | - | -€38,500 | |
| Current investments | 50/53 | €16,000 | - | -€16,000 | |
| Cash at bank and in hand | 54/58 | €419,210 | €484,202 | +€64,992 | +15.5% |
| Deferred charges and accrued income | 490/1 | €139,566 | €219,176 | +€79,610 | +57.0% |
| Total equity and liabilities | 10/49 | €629,909 | €716,597 | +€86,687 | +13.8% |
| Equity | 10/15 | €86,638 | €17,180 | -€69,458 | -80.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €84,638 | €15,180 | -€69,458 | -82.1% |
| Distributable reserves | 133 | €84,638 | €15,180 | -€69,458 | -82.1% |
| Amounts payable | 17/49 | €543,271 | €699,417 | +€156,146 | +28.7% |
| Amounts payable within one year | 42/48 | €543,271 | €699,417 | +€156,146 | +28.7% |
| Taxes, remuneration and social security | 45 | €22,849 | €36,420 | +€13,571 | +59.4% |
| Taxes | 450/3 | €22,849 | €36,420 | +€13,571 | +59.4% |
| Other amounts payable | 47/48 | €520,422 | €662,997 | +€142,574 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €7,107 | +€3,099 | +77.3% |
| Other operating charges | 640/8 | €3,838 | €756 | -€3,082 | -80.3% |
| Gross operating margin | 9900 | €450,145 | €582,522 | +€132,377 | +29.4% |
| Operating profit (loss) | 9901 | €442,300 | €574,660 | +€132,360 | +29.9% |
| Financial income | 75/76B | €382 | - | -€382 | |
| Recurring financial income | 75 | €382 | - | -€382 | |
| Financial charges | 65/66B | €1,072 | €685 | -€387 | -36.1% |
| Recurring financial charges | 65 | €1,072 | €685 | -€387 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €441,610 | €573,974 | +€132,364 | +30.0% |
| Income taxes | 67/77 | €107,849 | €143,433 | +€35,584 | +33.0% |
| Profit (loss) for the period | 9904 | €333,761 | €430,542 | +€96,780 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €333,761 | €430,542 | +€96,780 | +29.0% |
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 1 November 2026 via checked.be.