Edward De Visschere: 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.
Edward De Visschere
Largest movements
- Tangible fixed assets -€9,700
down €9,700 (-29.5%), from €32,887 to €23,187
of which Furniture and vehicles: -€8,840
- Receivables within one year +€8,406
up €8,406 (+139%), from €6,050 to €14,456
of which Trade receivables: +€6,050
- Cash -€2,641
down €2,641 (-8.7%), from €30,249 to €27,608
mainly Contributions, distributions and other (-€89,500) and Tax, wage and social debts (-€17,375)
- Stocks and contracts +€811
up €811 (+18.5%), from €4,395 to €5,206
- Other debts +€48,922
up €48,922, from €0 to €48,922
- Reserves -€40,578
down €40,578 (-100%), from €40,578 to €0
- Tax, wage and social debts -€17,375
down €17,375 (-83.2%), from €20,877 to €3,503
- Trade debts +€7,033
up €7,033 (+247%), from €2,842 to €9,875
- Accrued charges and deferred income -€1,581
down €1,581 (-100%), from €1,581 to €0
- Gross operating margin +€51,321
up €51,321 (+247%), from €20,754 to €72,075
- Taxes +€10,479
up €10,479 (+582%), from €1,801 to €12,280
- Financial charges -€1,580
down €1,580 (-97.5%), from €1,620 to €40
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 | €75,879 | €72,299 | -€3,580 | -4.7% |
| Fixed assets | 21/28 | €34,509 | €24,160 | -€10,350 | -30.0% |
| Intangible fixed assets | 21 | €1,622 | €972 | -€650 | -40.1% |
| Tangible fixed assets | 22/27 | €32,887 | €23,187 | -€9,700 | -29.5% |
| Plant, machinery and equipment | 23 | €2,127 | €1,267 | -€860 | -40.4% |
| Furniture and vehicles | 24 | €30,760 | €21,920 | -€8,840 | -28.7% |
| Current assets | 29/58 | €41,370 | €48,140 | +€6,770 | +16.4% |
| Stocks and contracts in progress | 3 | €4,395 | €5,206 | +€811 | +18.5% |
| Stocks | 30/36 | €4,395 | €5,206 | +€811 | +18.5% |
| Amounts receivable within one year | 40/41 | €6,050 | €14,456 | +€8,406 | +139% |
| Trade receivables | 40 | €6,050 | €12,100 | +€6,050 | +100% |
| Other amounts receivable | 41 | €0 | €2,356 | +€2,356 | |
| Cash at bank and in hand | 54/58 | €30,249 | €27,608 | -€2,641 | -8.7% |
| Deferred charges and accrued income | 490/1 | €676 | €870 | +€194 | +28.7% |
| Total equity and liabilities | 10/49 | €75,879 | €72,299 | -€3,580 | -4.7% |
| Equity | 10/15 | €50,578 | €10,000 | -€40,578 | -80.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,578 | €0 | -€40,578 | -100% |
| Distributable reserves | 133 | €40,578 | €0 | -€40,578 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,301 | €62,299 | +€36,998 | +146% |
| Amounts payable within one year | 42/48 | €23,720 | €62,299 | +€38,580 | +163% |
| Trade debts | 44 | €2,842 | €9,875 | +€7,033 | +247% |
| Suppliers | 440/4 | €2,842 | €9,875 | +€7,033 | +247% |
| Taxes, remuneration and social security | 45 | €20,877 | €3,503 | -€17,375 | -83.2% |
| Taxes | 450/3 | €20,877 | €3,503 | -€17,375 | -83.2% |
| Other amounts payable | 47/48 | €0 | €48,922 | +€48,922 | |
| Accrued charges and deferred income | 492/3 | €1,581 | €0 | -€1,581 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,350 | €10,350 | = | 0.0% |
| Other operating charges | 640/8 | €1,318 | €997 | -€321 | -24.4% |
| Gross operating margin | 9900 | €20,754 | €72,075 | +€51,321 | +247% |
| Operating profit (loss) | 9901 | €9,086 | €60,728 | +€51,642 | +568% |
| Financial income | 75/76B | €40 | €514 | +€474 | +1,192% |
| Recurring financial income | 75 | €40 | €514 | +€474 | +1,192% |
| Financial charges | 65/66B | €1,620 | €40 | -€1,580 | -97.5% |
| Recurring financial charges | 65 | €1,620 | €40 | -€1,580 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €7,505 | €61,202 | +€53,696 | +715% |
| Income taxes | 67/77 | €1,801 | €12,280 | +€10,479 | +582% |
| Profit (loss) for the period | 9904 | €5,705 | €48,922 | +€43,217 | +758% |
| Profit (loss) for the period to be appropriated | 9905 | €5,705 | €48,922 | +€43,217 | +758% |
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 22 October 2026 via checked.be.