Ellen Vanderweyden: 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.
Ellen Vanderweyden
Largest movements
- Receivables within one year +€8,115
up €8,115 (+1651.3%), from €491 to €8,607
of which Trade receivables: +€6,113
- Tangible fixed assets +€3,510
up €3,510 (+466.5%), from €752 to €4,263
of which Land and buildings: +€2,626
- Deferred charges and accrued income -€1,737
down €1,737 (-22.6%), from €7,687 to €5,949
- Reserves +€4,386
up €4,386 (+102.8%), from €4,267 to €8,653
- Trade debts +€3,373
up €3,373 (+9675.6%), from €35 to €3,408
- Tax, wage and social debts +€2,288
up €2,288 (+55.2%), from €4,144 to €6,432
- Gross operating margin +€3,168
up €3,168 (+42.3%), from €7,486 to €10,653
- Taxes +€1,229
up €1,229 (+81.3%), from €1,513 to €2,742
- Financial charges +€946
up €946 (+97.9%), from €966 to €1,912
- Other operating charges +€787
up €787, from €0 to €787
- Depreciation +€117
up €117 (+15.4%), from €760 to €876
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.
Cash bridge derived
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 | €14,520 | €24,522 | +€10,002 | +68.9% |
| Fixed assets | 21/28 | €752 | €4,263 | +€3,510 | +466.5% |
| Tangible fixed assets | 22/27 | €752 | €4,263 | +€3,510 | +466.5% |
| Land and buildings | 22 | - | €2,626 | +€2,626 | |
| Furniture and vehicles | 24 | €752 | €1,637 | +€884 | +117.5% |
| Current assets | 29/58 | €13,768 | €20,260 | +€6,492 | +47.2% |
| Amounts receivable within one year | 40/41 | €491 | €8,607 | +€8,115 | +1651.3% |
| Trade receivables | 40 | - | €6,113 | +€6,113 | |
| Other amounts receivable | 41 | €491 | €2,494 | +€2,002 | +407.4% |
| Cash at bank and in hand | 54/58 | €5,589 | €5,703 | +€114 | +2.0% |
| Deferred charges and accrued income | 490/1 | €7,687 | €5,949 | -€1,737 | -22.6% |
| Total equity and liabilities | 10/49 | €14,520 | €24,522 | +€10,002 | +68.9% |
| Equity | 10/15 | €10,297 | €14,683 | +€4,386 | +42.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,267 | €8,653 | +€4,386 | +102.8% |
| Distributable reserves | 133 | €4,267 | €8,653 | +€4,386 | +102.8% |
| Profit (loss) carried forward | 14 | €4,030 | €4,030 | = | 0.0% |
| Amounts payable | 17/49 | €4,223 | €9,840 | +€5,617 | +133.0% |
| Amounts payable within one year | 42/48 | €4,223 | €9,840 | +€5,617 | +133.0% |
| Financial debts | 43 | €44 | €0 | -€44 | -100.0% |
| Credit institutions | 430/8 | €44 | €0 | -€44 | -100.0% |
| Trade debts | 44 | €35 | €3,408 | +€3,373 | +9675.6% |
| Suppliers | 440/4 | €35 | €3,408 | +€3,373 | +9675.6% |
| Taxes, remuneration and social security | 45 | €4,144 | €6,432 | +€2,288 | +55.2% |
| Taxes | 450/3 | €4,144 | €6,432 | +€2,288 | +55.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €760 | €876 | +€117 | +15.4% |
| Other operating charges | 640/8 | €0 | €787 | +€787 | |
| Gross operating margin | 9900 | €7,486 | €10,653 | +€3,168 | +42.3% |
| Operating profit (loss) | 9901 | €6,726 | €8,990 | +€2,264 | +33.7% |
| Financial income | 75/76B | €20 | €50 | +€30 | +151.0% |
| Recurring financial income | 75 | €20 | €50 | +€30 | +151.0% |
| Financial charges | 65/66B | €966 | €1,912 | +€946 | +97.9% |
| Recurring financial charges | 65 | €966 | €1,912 | +€946 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €5,779 | €7,128 | +€1,348 | +23.3% |
| Income taxes | 67/77 | €1,513 | €2,742 | +€1,229 | +81.3% |
| Profit (loss) for the period | 9904 | €4,267 | €4,386 | +€119 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,267 | €4,386 | +€119 | +2.8% |
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 10 October 2026 via checked.be.