Dr. VANOVERBEKE HANS: 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. VANOVERBEKE HANS
Largest movements
- Cash +€244,568
up €244,568 (+38.8%), from €630,586 to €875,154
mainly Net result for the year (+€263,344) and Investment in fixed assets (net) (+€120,748)
- Receivables within one year +€144,485
up €144,485 (+122%), from €118,091 to €262,575
- Tangible fixed assets -€126,110
down €126,110 (-85.0%), from €148,290 to €22,180
of which Other tangible fixed assets: -€124,834
- Receivables after one year -€40,000
down €40,000 (-12.5%), from €320,000 to €280,000
- Reserves +€263,344
up €263,344 (+22.2%), from €1.2m to €1.5m
- Tax, wage and social debts -€43,233
down €43,233 (-51.2%), from €84,402 to €41,169
- Gross operating margin +€44,439
up €44,439 (+13.5%), from €329,481 to €373,919
- Taxes +€14,288
up €14,288 (+13.7%), from €104,310 to €118,599
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 | €1,285,018 | €1,505,204 | +€220,185 | +17.1% |
| Fixed assets | 21/28 | €151,040 | €27,430 | -€123,610 | -81.8% |
| Tangible fixed assets | 22/27 | €148,290 | €22,180 | -€126,110 | -85.0% |
| Plant, machinery and equipment | 23 | €460 | €0 | -€460 | -100% |
| Furniture and vehicles | 24 | €1,051 | €235 | -€816 | -77.7% |
| Other tangible fixed assets | 26 | €146,779 | €21,945 | -€124,834 | -85.0% |
| Financial fixed assets | 28 | €2,750 | €5,250 | +€2,500 | +90.9% |
| Current assets | 29/58 | €1,133,978 | €1,477,774 | +€343,795 | +30.3% |
| Amounts receivable after more than one year | 29 | €320,000 | €280,000 | -€40,000 | -12.5% |
| Other amounts receivable | 291 | €320,000 | €280,000 | -€40,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €118,091 | €262,575 | +€144,485 | +122% |
| Other amounts receivable | 41 | €118,091 | €262,575 | +€144,485 | +122% |
| Current investments | 50/53 | €49,003 | €49,152 | +€149 | +0.3% |
| Cash at bank and in hand | 54/58 | €630,586 | €875,154 | +€244,568 | +38.8% |
| Deferred charges and accrued income | 490/1 | €16,299 | €10,893 | -€5,406 | -33.2% |
| Total equity and liabilities | 10/49 | €1,285,018 | €1,505,204 | +€220,185 | +17.1% |
| Equity | 10/15 | €1,200,587 | €1,463,930 | +€263,344 | +21.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,188,187 | €1,451,530 | +€263,344 | +22.2% |
| Distributable reserves | 133 | €1,188,187 | €1,451,530 | +€263,344 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,431 | €41,273 | -€43,158 | -51.1% |
| Amounts payable within one year | 42/48 | €84,431 | €41,273 | -€43,158 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €74 | +€74 | |
| Credit institutions | 430/8 | €0 | €74 | +€74 | |
| Trade debts | 44 | €30 | €30 | +€1 | +2.3% |
| Suppliers | 440/4 | €30 | €30 | +€1 | +2.3% |
| Taxes, remuneration and social security | 45 | €84,402 | €41,169 | -€43,233 | -51.2% |
| Taxes | 450/3 | €84,402 | €41,169 | -€43,233 | -51.2% |
| Non-recurring operating income | 76A | - | €123,221 | +€123,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,436 | €2,862 | -€3,574 | -55.5% |
| Other operating charges | 640/8 | €3,130 | €2,200 | -€930 | -29.7% |
| Gross operating margin | 9900 | €329,481 | €373,919 | +€44,439 | +13.5% |
| Operating profit (loss) | 9901 | €319,915 | €368,858 | +€48,943 | +15.3% |
| Financial income | 75/76B | €10,889 | €13,269 | +€2,380 | +21.9% |
| Recurring financial income | 75 | €10,889 | €13,269 | +€2,380 | +21.9% |
| Financial charges | 65/66B | €361 | €184 | -€177 | -49.0% |
| Recurring financial charges | 65 | €361 | €184 | -€177 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €330,443 | €381,942 | +€51,499 | +15.6% |
| Income taxes | 67/77 | €104,310 | €118,599 | +€14,288 | +13.7% |
| Profit (loss) for the period | 9904 | €226,132 | €263,344 | +€37,211 | +16.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €226,132 | €263,344 | +€37,211 | +16.5% |
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.