Dr. Verheezen Jolanda: 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. Verheezen Jolanda
Largest movements
- Cash +€65,274
up €65,274 (+33.7%), from €193,788 to €259,062
mainly Other debts (+€101,881) and Net result for the year (+€82,937)
- Receivables within one year +€11,697
up €11,697 (+13.2%), from €88,676 to €100,373
of which Trade receivables: +€17,260
- Other debts +€101,881
up €101,881 (+569%), from €17,919 to €119,800
- Reserves -€32,778
down €32,778 (-12.5%), from €261,673 to €228,896
- Tax, wage and social debts +€4,893
up €4,893, from €0 to €4,893
- Gross operating margin -€11,640
down €11,640 (-8.4%), from €139,286 to €127,646
- Taxes -€3,909
down €3,909 (-10.1%), from €38,803 to €34,893
- Other operating charges +€2,828
up €2,828 (+272%), from €1,040 to €3,868
- Financial income -€1,995
down €1,995 (-99.7%), from €2,001 to €6
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 | €293,754 | €368,378 | +€74,624 | +25.4% |
| Fixed assets | 21/28 | €8,279 | €6,003 | -€2,277 | -27.5% |
| Tangible fixed assets | 22/27 | €6,850 | €4,574 | -€2,277 | -33.2% |
| Furniture and vehicles | 24 | €6,566 | €4,507 | -€2,059 | -31.4% |
| Other tangible fixed assets | 26 | €284 | €66 | -€218 | -76.6% |
| Financial fixed assets | 28 | €1,429 | €1,429 | = | 0.0% |
| Current assets | 29/58 | €285,475 | €362,376 | +€76,901 | +26.9% |
| Amounts receivable within one year | 40/41 | €88,676 | €100,373 | +€11,697 | +13.2% |
| Trade receivables | 40 | €81,315 | €98,576 | +€17,260 | +21.2% |
| Other amounts receivable | 41 | €7,360 | €1,797 | -€5,563 | -75.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €193,788 | €259,062 | +€65,274 | +33.7% |
| Deferred charges and accrued income | 490/1 | €3,011 | €2,941 | -€71 | -2.3% |
| Total equity and liabilities | 10/49 | €293,754 | €368,378 | +€74,624 | +25.4% |
| Equity | 10/15 | €274,073 | €241,296 | -€32,778 | -12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €261,673 | €228,896 | -€32,778 | -12.5% |
| Distributable reserves | 133 | €261,673 | €228,896 | -€32,778 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,681 | €127,083 | +€107,402 | +546% |
| Amounts payable within one year | 42/48 | €19,579 | €126,979 | +€107,399 | +549% |
| Financial debts | 43 | €898 | €791 | -€107 | -11.9% |
| Credit institutions | 430/8 | €898 | €791 | -€107 | -11.9% |
| Trade debts | 44 | €762 | €1,494 | +€732 | +96.0% |
| Suppliers | 440/4 | €762 | €1,494 | +€732 | +96.0% |
| Taxes, remuneration and social security | 45 | €0 | €4,893 | +€4,893 | |
| Taxes | 450/3 | €0 | €4,893 | +€4,893 | |
| Other amounts payable | 47/48 | €17,919 | €119,800 | +€101,881 | +569% |
| Accrued charges and deferred income | 492/3 | €101 | €104 | +€3 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €2,277 | +€586 | +34.7% |
| Other operating charges | 640/8 | €1,040 | €3,868 | +€2,828 | +272% |
| Gross operating margin | 9900 | €139,286 | €127,646 | -€11,640 | -8.4% |
| Operating profit (loss) | 9901 | €136,555 | €121,501 | -€15,053 | -11.0% |
| Financial income | 75/76B | €2,001 | €6 | -€1,995 | -99.7% |
| Recurring financial income | 75 | €2,001 | €6 | -€1,995 | -99.7% |
| Financial charges | 65/66B | €5,052 | €3,677 | -€1,375 | -27.2% |
| Recurring financial charges | 65 | €5,052 | €3,677 | -€1,375 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €133,503 | €117,830 | -€15,674 | -11.7% |
| Income taxes | 67/77 | €38,803 | €34,893 | -€3,909 | -10.1% |
| Profit (loss) for the period | 9904 | €94,701 | €82,937 | -€11,764 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,701 | €82,937 | -€11,764 | -12.4% |
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 20 October 2026 via checked.be.