Erik Struys: 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 Struys
Largest movements
- Receivables within one year +€91,543
new in 2025: €91,543
of which Trade receivables: +€90,150
- Cash +€41,615
new in 2025: €41,615
mainly Net result for the year (+€57,226) and Contributions, distributions and other (+€54,289)
- Tangible fixed assets +€5,154
new in 2025: €5,154
- Deferred charges and accrued income +€1,528
up €1,528 (+15,278,100%), from €0 to €1,528
- Profit (loss) carried forward +€108,515
new in 2025: €108,515
- Tax, wage and social debts +€23,642
new in 2025: €23,642
- Contributions +€3,000
new in 2025: €3,000
- Other debts +€2,858
new in 2025: €2,858
- Gross operating margin +€73,346
new in 2025: €73,346
- Taxes +€14,561
new in 2025: €14,561
- Depreciation +€1,089
new in 2025: €1,089
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €0 | €139,840 | +€139,840 | +1,398,397,000% |
| Fixed assets | 21/28 | - | €5,154 | +€5,154 | |
| Tangible fixed assets | 22/27 | - | €5,154 | +€5,154 | |
| Furniture and vehicles | 24 | - | €5,154 | +€5,154 | |
| Current assets | 29/58 | €0 | €134,686 | +€134,686 | +1,346,858,300% |
| Amounts receivable within one year | 40/41 | - | €91,543 | +€91,543 | |
| Trade receivables | 40 | - | €90,150 | +€90,150 | |
| Other amounts receivable | 41 | - | €1,393 | +€1,393 | |
| Cash at bank and in hand | 54/58 | - | €41,615 | +€41,615 | |
| Deferred charges and accrued income | 490/1 | €0 | €1,528 | +€1,528 | +15,278,100% |
| Total equity and liabilities | 10/49 | €0 | €139,840 | +€139,840 | +1,398,397,000% |
| Equity | 10/15 | - | €111,515 | +€111,515 | |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | - | €108,515 | +€108,515 | |
| Amounts payable | 17/49 | €0 | €28,325 | +€28,325 | +283,250,100% |
| Amounts payable within one year | 42/48 | - | €28,258 | +€28,258 | |
| Financial debts | 43 | - | €396 | +€396 | |
| Credit institutions | 430/8 | - | €396 | +€396 | |
| Trade debts | 44 | - | €1,362 | +€1,362 | |
| Suppliers | 440/4 | - | €1,362 | +€1,362 | |
| Taxes, remuneration and social security | 45 | - | €23,642 | +€23,642 | |
| Taxes | 450/3 | - | €23,642 | +€23,642 | |
| Other amounts payable | 47/48 | - | €2,858 | +€2,858 | |
| Accrued charges and deferred income | 492/3 | €0 | €67 | +€67 | +673,700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,089 | +€1,089 | |
| Other operating charges | 640/8 | - | €451 | +€451 | |
| Gross operating margin | 9900 | - | €73,346 | +€73,346 | |
| Operating profit (loss) | 9901 | - | €71,805 | +€71,805 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | - | €58 | +€58 | |
| Recurring financial charges | 65 | - | €58 | +€58 | |
| Profit (loss) for the period before taxes | 9903 | - | €71,787 | +€71,787 | |
| Income taxes | 67/77 | - | €14,561 | +€14,561 | |
| Profit (loss) for the period | 9904 | - | €57,226 | +€57,226 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €57,226 | +€57,226 |
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.