Dr. Yzabel Vandevivere: what changed
What changed
Dr. Yzabel Vandevivere
filed annual accounts (NBB)
Net result for the year
€360,341
2024 · €300,780+€59,562
Equity
€1.7m
2024 · €1.3m+€360,341
Cash
€196,951
2024 · €46,149+€150,803
Balance sheet total
€2.1m
2024 · €1.7m+€366,199
Largest movements
Assets
- Cash +€150,803
up €150,803 (+327%), from €46,149 to €196,951
mainly Net result for the year (+€360,341) and Depreciation (+€43,460)
- Receivables within one year +€119,768
up €119,768 (+36.8%), from €325,251 to €445,019
of which Other amounts receivable: +€114,764
- Deferred charges and accrued income +€81,818
up €81,818 (+44.5%), from €184,018 to €265,835
Equity and liabilities
- Reserves +€363,503
up €363,503 (+27.4%), from €1.3m to €1.7m
of which Distributable reserves: +€363,503
- Debts after one year -€32,248
down €32,248 (-11.8%), from €273,770 to €241,522
Income statement
- Gross operating margin +€96,802
up €96,802 (+20.8%), from €464,283 to €561,085
- Taxes +€31,745
up €31,745 (+23.0%), from €137,934 to €169,679
- Depreciation +€9,589
up €9,589 (+28.3%), from €33,870 to €43,460
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€300,780
Gross operating margin
+€96,802
Depreciation
-€9,589
Other operating charges
-€2,949
Financial income
+€5,164
Financial charges
+€1,879
Taxes
-€31,745
Result 2025
€360,341
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€239,276
Investment
-€57,271
Financing
-€31,203
Cash 2024
€46,149
From operations (derived)
+€239,276
Net result for the year
+€360,341
Depreciation
+€43,460
Receivables within one year
-€119,768
Deferred charges and accrued income
-€81,818
Trade debts
+€18,341
Tax, wage and social debts
+€18,720
Investment (derived)
-€57,271
Investment in fixed assets (net)
-€37,271
Current investments
-€20,000
Financing
-€31,203
Debts after one year
-€32,248
Current portion of long-term debt
+€345
Short-term financial debts
+€701
Cash 2025
€196,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,725,703 | €2,091,903 | +€366,199 | +21.2% |
| Fixed assets | 21/28 | €620,286 | €614,097 | -€6,189 | -1.0% |
| Intangible fixed assets | 21 | - | €4,364 | +€4,364 | |
| Tangible fixed assets | 22/27 | €620,286 | €609,733 | -€10,553 | -1.7% |
| Land and buildings | 22 | €538,320 | €543,370 | +€5,050 | +0.9% |
| Furniture and vehicles | 24 | €74,966 | €59,363 | -€15,602 | -20.8% |
| Other tangible fixed assets | 26 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €1,105,418 | €1,477,806 | +€372,388 | +33.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €325,251 | €445,019 | +€119,768 | +36.8% |
| Trade receivables | 40 | €12,539 | €17,544 | +€5,004 | +39.9% |
| Other amounts receivable | 41 | €312,711 | €427,475 | +€114,764 | +36.7% |
| Current investments | 50/53 | €250,000 | €270,000 | +€20,000 | +8.0% |
| Cash at bank and in hand | 54/58 | €46,149 | €196,951 | +€150,803 | +327% |
| Deferred charges and accrued income | 490/1 | €184,018 | €265,835 | +€81,818 | +44.5% |
| Total equity and liabilities | 10/49 | €1,725,703 | €2,091,903 | +€366,199 | +21.2% |
| Equity | 10/15 | €1,340,500 | €1,700,841 | +€360,341 | +26.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,324,938 | €1,688,441 | +€363,503 | +27.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,323,078 | €1,686,581 | +€363,503 | +27.5% |
| Profit (loss) carried forward | 14 | €3,162 | €0 | -€3,162 | -100% |
| Amounts payable | 17/49 | €385,203 | €391,062 | +€5,858 | +1.5% |
| Amounts payable after more than one year | 17 | €273,770 | €241,522 | -€32,248 | -11.8% |
| Financial debts | 170/4 | €273,770 | €241,522 | -€32,248 | -11.8% |
| Amounts payable within one year | 42/48 | €111,434 | €149,540 | +€38,106 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €31,903 | €32,248 | +€345 | +1.1% |
| Financial debts | 43 | - | €701 | +€701 | |
| Credit institutions | 430/8 | - | €701 | +€701 | |
| Trade debts | 44 | €638 | €18,979 | +€18,341 | +2,874% |
| Suppliers | 440/4 | €638 | €18,979 | +€18,341 | +2,874% |
| Taxes, remuneration and social security | 45 | €78,892 | €97,612 | +€18,720 | +23.7% |
| Taxes | 450/3 | €78,892 | €97,612 | +€18,720 | +23.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,870 | €43,460 | +€9,589 | +28.3% |
| Other operating charges | 640/8 | €3,268 | €6,217 | +€2,949 | +90.2% |
| Gross operating margin | 9900 | €464,283 | €561,085 | +€96,802 | +20.8% |
| Operating profit (loss) | 9901 | €427,145 | €511,408 | +€84,263 | +19.7% |
| Financial income | 75/76B | €17,125 | €22,289 | +€5,164 | +30.2% |
| Recurring financial income | 75 | €17,125 | €22,289 | +€5,164 | +30.2% |
| Financial charges | 65/66B | €5,557 | €3,677 | -€1,879 | -33.8% |
| Recurring financial charges | 65 | €5,557 | €3,677 | -€1,879 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €438,713 | €530,020 | +€91,307 | +20.8% |
| Income taxes | 67/77 | €137,934 | €169,679 | +€31,745 | +23.0% |
| Profit (loss) for the period | 9904 | €300,780 | €360,341 | +€59,562 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €300,780 | €360,341 | +€59,562 | +19.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.