Dr. Y. REMANS: 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. Y. REMANS
Largest movements
- Cash -€50,571
down €50,571 (-43.6%), from €115,922 to €65,351
mainly Other debts (-€46,610) and Current investments (-€44,000)
- Current investments +€44,000
up €44,000 (+24.2%), from €182,000 to €226,000
- Receivables within one year +€13,120
up €13,120 (+2,943%), from €446 to €13,565
of which Other amounts receivable: +€13,051
- Reserves +€52,608
up €52,608 (+22.9%), from €229,598 to €282,206
- Other debts -€46,610
down €46,610 (-100%), from €46,610 to €0
- Trade debts +€7,868
up €7,868 (+215%), from €3,654 to €11,521
- Tax, wage and social debts -€6,559
down €6,559 (-58.7%), from €11,171 to €4,612
- Financial income +€4,105
up €4,105 (+4,660%), from €88 to €4,193
- Gross operating margin -€3,335
down €3,335 (-2.6%), from €127,065 to €123,730
- Other operating charges -€2,599
down €2,599 (-63.5%), from €4,093 to €1,494
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 | €303,432 | €310,739 | +€7,307 | +2.4% |
| Fixed assets | 21/28 | €1,205 | €672 | -€533 | -44.2% |
| Tangible fixed assets | 22/27 | €1,205 | €672 | -€533 | -44.2% |
| Furniture and vehicles | 24 | €1,205 | €672 | -€533 | -44.2% |
| Current assets | 29/58 | €302,227 | €310,067 | +€7,840 | +2.6% |
| Amounts receivable within one year | 40/41 | €446 | €13,565 | +€13,120 | +2,943% |
| Trade receivables | 40 | €446 | €514 | +€68 | +15.3% |
| Other amounts receivable | 41 | €0 | €13,051 | +€13,051 | |
| Current investments | 50/53 | €182,000 | €226,000 | +€44,000 | +24.2% |
| Cash at bank and in hand | 54/58 | €115,922 | €65,351 | -€50,571 | -43.6% |
| Deferred charges and accrued income | 490/1 | €3,859 | €5,150 | +€1,291 | +33.5% |
| Total equity and liabilities | 10/49 | €303,432 | €310,739 | +€7,307 | +2.4% |
| Equity | 10/15 | €241,998 | €294,606 | +€52,608 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,598 | €282,206 | +€52,608 | +22.9% |
| Distributable reserves | 133 | €229,598 | €282,206 | +€52,608 | +22.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,434 | €16,133 | -€45,301 | -73.7% |
| Amounts payable within one year | 42/48 | €61,434 | €16,133 | -€45,301 | -73.7% |
| Trade debts | 44 | €3,654 | €11,521 | +€7,868 | +215% |
| Suppliers | 440/4 | €3,654 | €11,521 | +€7,868 | +215% |
| Taxes, remuneration and social security | 45 | €11,171 | €4,612 | -€6,559 | -58.7% |
| Taxes | 450/3 | €11,171 | €4,612 | -€6,559 | -58.7% |
| Other amounts payable | 47/48 | €46,610 | €0 | -€46,610 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €533 | +€139 | +35.2% |
| Other operating charges | 640/8 | €4,093 | €1,494 | -€2,599 | -63.5% |
| Gross operating margin | 9900 | €127,065 | €123,730 | -€3,335 | -2.6% |
| Operating profit (loss) | 9901 | €122,578 | €121,703 | -€875 | -0.7% |
| Financial income | 75/76B | €88 | €4,193 | +€4,105 | +4,660% |
| Recurring financial income | 75 | €88 | €4,193 | +€4,105 | +4,660% |
| Financial charges | 65/66B | €961 | €1,295 | +€334 | +34.8% |
| Recurring financial charges | 65 | €961 | €1,295 | +€334 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €121,706 | €124,601 | +€2,896 | +2.4% |
| Income taxes | 67/77 | €34,915 | €35,697 | +€782 | +2.2% |
| Profit (loss) for the period | 9904 | €86,791 | €88,904 | +€2,114 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,791 | €88,904 | +€2,114 | +2.4% |
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 25 October 2026 via checked.be.