Erik De doncker: 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.
Erik De doncker
Largest movements
- Cash -€7,533
down €7,533 (-20.9%), from €36,006 to €28,473
mainly Receivables within one year (-€6,137) and Tax, wage and social debts (-€2,398)
- Receivables within one year +€6,137
up €6,137 (+21.5%), from €28,596 to €34,733
of which Other amounts receivable: +€12,017
- Deferred charges and accrued income -€2,692
down €2,692 (-86.8%), from €3,100 to €408
- Tax, wage and social debts -€2,398
down €2,398 (-73.7%), from €3,253 to €855
- Profit (loss) carried forward -€1,823
down €1,823 (-87.9%), from -€2,072 to -€3,895
- Taxes -€444
down €444 (-45.9%), from €967 to €523
- Financial income +€133
up €133 (+16.7%), from €794 to €927
- Gross operating margin +€120
up €120 (+56.7%), from -€211 to -€91
- Depreciation +€78
up €78 (+5.5%), from €1,402 to €1,479
- Other operating charges +€18
up €18 (+3.0%), from €592 to €610
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 | €90,660 | €86,259 | -€4,400 | -4.9% |
| Fixed assets | 21/28 | €2,958 | €2,645 | -€313 | -10.6% |
| Tangible fixed assets | 22/27 | €2,958 | €2,645 | -€313 | -10.6% |
| Plant, machinery and equipment | 23 | €738 | €1,256 | +€518 | +70.2% |
| Furniture and vehicles | 24 | €2,220 | €1,389 | -€831 | -37.4% |
| Current assets | 29/58 | €87,702 | €83,614 | -€4,088 | -4.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,596 | €34,733 | +€6,137 | +21.5% |
| Trade receivables | 40 | €7,964 | €2,084 | -€5,880 | -73.8% |
| Other amounts receivable | 41 | €20,632 | €32,649 | +€12,017 | +58.2% |
| Cash at bank and in hand | 54/58 | €36,006 | €28,473 | -€7,533 | -20.9% |
| Deferred charges and accrued income | 490/1 | €3,100 | €408 | -€2,692 | -86.8% |
| Total equity and liabilities | 10/49 | €90,660 | €86,259 | -€4,400 | -4.9% |
| Equity | 10/15 | €87,228 | €85,405 | -€1,823 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,100 | €83,100 | = | 0.0% |
| Distributable reserves | 133 | €83,100 | €83,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,072 | -€3,895 | -€1,823 | -87.9% |
| Amounts payable | 17/49 | €3,432 | €855 | -€2,578 | -75.1% |
| Amounts payable within one year | 42/48 | €3,432 | €855 | -€2,578 | -75.1% |
| Trade debts | 44 | €180 | - | -€180 | |
| Suppliers | 440/4 | €180 | - | -€180 | |
| Taxes, remuneration and social security | 45 | €3,253 | €855 | -€2,398 | -73.7% |
| Taxes | 450/3 | €3,253 | €855 | -€2,398 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €1,479 | +€78 | +5.5% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | -€211 | -€91 | +€120 | +56.7% |
| Operating profit (loss) | 9901 | -€2,204 | -€2,180 | +€24 | +1.1% |
| Financial income | 75/76B | €794 | €927 | +€133 | +16.7% |
| Recurring financial income | 75 | €794 | €927 | +€133 | +16.7% |
| Financial charges | 65/66B | €47 | €46 | -€0 | -0.5% |
| Recurring financial charges | 65 | €47 | €46 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,457 | -€1,299 | +€157 | +10.8% |
| Income taxes | 67/77 | €967 | €523 | -€444 | -45.9% |
| Profit (loss) for the period | 9904 | -€2,424 | -€1,823 | +€601 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,424 | -€1,823 | +€601 | +24.8% |
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 27 October 2026 via checked.be.