Dr. Yanina Dockx: 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. Yanina Dockx
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€36,856
up €36,856 (+58.7%), from €62,816 to €99,672
mainly Other debts (+€323,507) and Net result for the year (+€153,120)
- Tangible fixed assets +€12,516
up €12,516 (+1,010%), from €1,239 to €13,755
of which Leasing and similar rights: +€10,920
- Other debts +€323,507
up €323,507 (+6,587%), from €4,912 to €328,418
- Reserves -€296,859
down €296,859 (-91.3%), from €324,979 to €28,120
- Tax, wage and social debts -€37,294
down €37,294 (-98.3%), from €37,936 to €642
- Gross operating margin +€32,080
up €32,080 (+19.1%), from €168,140 to €200,220
- Taxes +€7,706
up €7,706 (+20.3%), from €37,936 to €45,642
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 | €374,055 | €363,428 | -€10,627 | -2.8% |
| Fixed assets | 21/28 | €1,239 | €13,755 | +€12,516 | +1,010% |
| Tangible fixed assets | 22/27 | €1,239 | €13,755 | +€12,516 | +1,010% |
| Furniture and vehicles | 24 | €1,239 | €2,835 | +€1,597 | +129% |
| Leasing and similar rights | 25 | - | €10,920 | +€10,920 | |
| Current assets | 29/58 | €372,816 | €349,672 | -€23,144 | -6.2% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,816 | €99,672 | +€36,856 | +58.7% |
| Total equity and liabilities | 10/49 | €374,055 | €363,428 | -€10,627 | -2.8% |
| Equity | 10/15 | €329,979 | €33,120 | -€296,859 | -90.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €324,979 | €28,120 | -€296,859 | -91.3% |
| Distributable reserves | 133 | €324,979 | €28,120 | -€296,859 | -91.3% |
| Amounts payable | 17/49 | €44,076 | €330,307 | +€286,231 | +649% |
| Amounts payable within one year | 42/48 | €44,076 | €330,307 | +€286,231 | +649% |
| Trade debts | 44 | €1,228 | €1,247 | +€19 | +1.6% |
| Suppliers | 440/4 | €1,228 | €1,247 | +€19 | +1.6% |
| Taxes, remuneration and social security | 45 | €37,936 | €642 | -€37,294 | -98.3% |
| Taxes | 450/3 | €37,936 | €642 | -€37,294 | -98.3% |
| Other amounts payable | 47/48 | €4,912 | €328,418 | +€323,507 | +6,587% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €774 | +€449 | +138% |
| Other operating charges | 640/8 | €692 | €610 | -€82 | -11.9% |
| Gross operating margin | 9900 | €168,140 | €200,220 | +€32,080 | +19.1% |
| Operating profit (loss) | 9901 | €167,123 | €198,837 | +€31,714 | +19.0% |
| Financial income | 75/76B | €375 | - | -€375 | |
| Recurring financial income | 75 | €375 | - | -€375 | |
| Financial charges | 65/66B | €74 | €75 | +€1 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €167,424 | €198,762 | +€31,338 | +18.7% |
| Income taxes | 67/77 | €37,936 | €45,642 | +€7,706 | +20.3% |
| Profit (loss) for the period | 9904 | €129,488 | €153,120 | +€23,632 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €129,488 | €153,120 | +€23,632 | +18.3% |
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 29 October 2026 via checked.be.