Drs. Vandenecker - Decock: what changed
Drs. Vandenecker - Decock
Largest movements
- Cash -€267,863
down €267,863 (-65.3%), from €410,153 to €142,290
mainly Contributions, distributions and other (-€354,226) and Other debts (-€15,860)
- Deferred charges and accrued income -€37,745
down €37,745 (-89.0%), from €42,397 to €4,652
- Tangible fixed assets -€13,386
down €13,386 (-12.5%), from €106,688 to €93,301
of which Furniture and vehicles: -€13,199
- Receivables within one year +€6,105
up €6,105 (+92.8%), from €6,581 to €12,686
- Reserves -€291,842
down €291,842 (-57.4%), from €508,074 to €216,232
- Other debts -€15,860
down €15,860 (-52.6%), from €30,171 to €14,311
- Accrued charges and deferred income -€6,833
down €6,833 (-85.7%), from €7,970 to €1,137
- Gross operating margin -€294,022
down €294,022 (-73.0%), from €402,923 to €108,902
- Taxes -€75,957
down €75,957 (-81.3%), from €93,419 to €17,462
- Depreciation +€12,498
up €12,498 (+85.2%), from €14,663 to €27,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,819 | €252,930 | -€312,889 | -55.3% |
| Fixed assets | 21/28 | €106,688 | €93,301 | -€13,386 | -12.5% |
| Tangible fixed assets | 22/27 | €106,688 | €93,301 | -€13,386 | -12.5% |
| Furniture and vehicles | 24 | €102,960 | €89,762 | -€13,199 | -12.8% |
| Other tangible fixed assets | 26 | €3,727 | €3,540 | -€188 | -5.0% |
| Current assets | 29/58 | €459,131 | €159,628 | -€299,503 | -65.2% |
| Amounts receivable within one year | 40/41 | €6,581 | €12,686 | +€6,105 | +92.8% |
| Other amounts receivable | 41 | €6,581 | €12,686 | +€6,105 | +92.8% |
| Cash at bank and in hand | 54/58 | €410,153 | €142,290 | -€267,863 | -65.3% |
| Deferred charges and accrued income | 490/1 | €42,397 | €4,652 | -€37,745 | -89.0% |
| Total equity and liabilities | 10/49 | €565,819 | €252,930 | -€312,889 | -55.3% |
| Equity | 10/15 | €513,074 | €221,232 | -€291,842 | -56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €508,074 | €216,232 | -€291,842 | -57.4% |
| Distributable reserves | 133 | €508,074 | €216,232 | -€291,842 | -57.4% |
| Amounts payable | 17/49 | €52,745 | €31,698 | -€21,047 | -39.9% |
| Amounts payable within one year | 42/48 | €44,775 | €30,560 | -€14,214 | -31.7% |
| Trade debts | 44 | €14,603 | €16,249 | +€1,646 | +11.3% |
| Suppliers | 440/4 | €14,603 | €16,249 | +€1,646 | +11.3% |
| Other amounts payable | 47/48 | €30,171 | €14,311 | -€15,860 | -52.6% |
| Accrued charges and deferred income | 492/3 | €7,970 | €1,137 | -€6,833 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,663 | €27,161 | +€12,498 | +85.2% |
| Other operating charges | 640/8 | €1,565 | €1,162 | -€402 | -25.7% |
| Gross operating margin | 9900 | €402,923 | €108,902 | -€294,022 | -73.0% |
| Operating profit (loss) | 9901 | €386,696 | €80,578 | -€306,118 | -79.2% |
| Financial income | 75/76B | €159 | €496 | +€337 | +212% |
| Recurring financial income | 75 | €159 | €496 | +€337 | +212% |
| Financial charges | 65/66B | €1,594 | €1,227 | -€367 | -23.0% |
| Recurring financial charges | 65 | €1,594 | €1,227 | -€367 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €385,261 | €79,847 | -€305,414 | -79.3% |
| Income taxes | 67/77 | €93,419 | €17,462 | -€75,957 | -81.3% |
| Profit (loss) for the period | 9904 | €291,842 | €62,384 | -€229,458 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €291,842 | €62,384 | -€229,458 | -78.6% |
Next steps
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 2 November 2026 via checked.be.