Dr. Vicky Roelandts: 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. Vicky Roelandts
Largest movements
- Receivables within one year +€37,094
up €37,094 (+702%), from €5,287 to €42,381
of which Trade receivables: +€34,079
- Cash -€22,279
down €22,279 (-18.7%), from €119,271 to €96,993
mainly Contributions, distributions and other (-€249,067) and Receivables within one year (-€37,094)
- Other debts +€127,329
up €127,329, from €0 to €127,329
- Reserves -€121,739
down €121,739 (-100%), from €121,739 to €0
- Tax, wage and social debts +€9,065
new in 2025: €9,065
- Gross operating margin +€89,048
up €89,048 (+117%), from €75,985 to €165,033
- Taxes +€21,592
up €21,592 (+140%), from €15,474 to €37,065
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 | €125,464 | €140,279 | +€14,815 | +11.8% |
| Current assets | 29/58 | €125,464 | €140,279 | +€14,815 | +11.8% |
| Amounts receivable within one year | 40/41 | €5,287 | €42,381 | +€37,094 | +702% |
| Trade receivables | 40 | €1,699 | €35,778 | +€34,079 | +2,006% |
| Other amounts receivable | 41 | €3,589 | €6,603 | +€3,015 | +84.0% |
| Cash at bank and in hand | 54/58 | €119,271 | €96,993 | -€22,279 | -18.7% |
| Deferred charges and accrued income | 490/1 | €905 | €905 | = | 0.0% |
| Total equity and liabilities | 10/49 | €125,464 | €140,279 | +€14,815 | +11.8% |
| Equity | 10/15 | €124,239 | €2,500 | -€121,739 | -98.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €121,739 | €0 | -€121,739 | -100% |
| Distributable reserves | 133 | €121,739 | €0 | -€121,739 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,225 | €137,779 | +€136,554 | +11,147% |
| Amounts payable within one year | 42/48 | €1,225 | €137,779 | +€136,554 | +11,147% |
| Trade debts | 44 | €1,225 | €1,385 | +€160 | +13.1% |
| Suppliers | 440/4 | €1,225 | €1,385 | +€160 | +13.1% |
| Taxes, remuneration and social security | 45 | - | €9,065 | +€9,065 | |
| Taxes | 450/3 | - | €9,065 | +€9,065 | |
| Other amounts payable | 47/48 | €0 | €127,329 | +€127,329 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €75,985 | €165,033 | +€89,048 | +117% |
| Operating profit (loss) | 9901 | €75,480 | €164,513 | +€89,033 | +118% |
| Financial income | 75/76B | - | €188 | +€188 | |
| Recurring financial income | 75 | - | €188 | +€188 | |
| Financial charges | 65/66B | €405 | €306 | -€98 | -24.3% |
| Recurring financial charges | 65 | €405 | €306 | -€98 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €75,075 | €164,394 | +€89,319 | +119% |
| Income taxes | 67/77 | €15,474 | €37,065 | +€21,592 | +140% |
| Profit (loss) for the period | 9904 | €59,601 | €127,329 | +€67,728 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €59,601 | €127,329 | +€67,728 | +114% |
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.