Frank Standaert: 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.
Frank Standaert
Largest movements
- Cash +€22,600
up €22,600 (+212%), from €10,670 to €33,270
mainly Net result for the year (+€28,411) and Receivables within one year (+€9,190)
- Tangible fixed assets +€14,611
up €14,611 (+200%), from €7,316 to €21,927
of which Furniture and vehicles: +€16,825
- Receivables within one year -€9,190
down €9,190 (-35.3%), from €26,010 to €16,821
of which Other amounts receivable: -€12,161
- Profit (loss) carried forward +€28,411
up €28,411 (+77.7%), from €36,575 to €64,986
- Tax, wage and social debts +€1,594
up €1,594 (+205%), from €776 to €2,370
- Trade debts -€1,066
down €1,066 (-97.5%), from €1,093 to €27
- Other debts -€859
down €859 (-100%), from €859 to €0
- Gross operating margin -€6,785
down €6,785 (-13.1%), from €51,690 to €44,905
- Depreciation +€4,472
up €4,472 (+171%), from €2,618 to €7,089
- Taxes -€2,701
down €2,701 (-23.9%), from €11,314 to €8,612
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 | €44,303 | €72,383 | +€28,080 | +63.4% |
| Fixed assets | 21/28 | €7,316 | €22,293 | +€14,977 | +205% |
| Tangible fixed assets | 22/27 | €7,316 | €21,927 | +€14,611 | +200% |
| Plant, machinery and equipment | 23 | €7,316 | €5,102 | -€2,214 | -30.3% |
| Furniture and vehicles | 24 | - | €16,825 | +€16,825 | |
| Financial fixed assets | 28 | - | €366 | +€366 | |
| Current assets | 29/58 | €36,987 | €50,090 | +€13,103 | +35.4% |
| Amounts receivable within one year | 40/41 | €26,010 | €16,821 | -€9,190 | -35.3% |
| Trade receivables | 40 | €10,165 | €13,137 | +€2,972 | +29.2% |
| Other amounts receivable | 41 | €15,845 | €3,684 | -€12,161 | -76.8% |
| Cash at bank and in hand | 54/58 | €10,670 | €33,270 | +€22,600 | +212% |
| Deferred charges and accrued income | 490/1 | €307 | €0 | -€307 | -100% |
| Total equity and liabilities | 10/49 | €44,303 | €72,383 | +€28,080 | +63.4% |
| Equity | 10/15 | €41,575 | €69,986 | +€28,411 | +68.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,575 | €64,986 | +€28,411 | +77.7% |
| Amounts payable | 17/49 | €2,728 | €2,397 | -€331 | -12.1% |
| Amounts payable within one year | 42/48 | €2,728 | €2,397 | -€331 | -12.1% |
| Trade debts | 44 | €1,093 | €27 | -€1,066 | -97.5% |
| Suppliers | 440/4 | €1,093 | €27 | -€1,066 | -97.5% |
| Taxes, remuneration and social security | 45 | €776 | €2,370 | +€1,594 | +205% |
| Taxes | 450/3 | €776 | €2,370 | +€1,594 | +205% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,618 | €7,089 | +€4,472 | +171% |
| Other operating charges | 640/8 | €645 | €1,123 | +€477 | +74.0% |
| Gross operating margin | 9900 | €51,690 | €44,905 | -€6,785 | -13.1% |
| Operating profit (loss) | 9901 | €48,427 | €36,693 | -€11,734 | -24.2% |
| Financial income | 75/76B | €399 | €384 | -€15 | -3.8% |
| Recurring financial income | 75 | €399 | €384 | -€15 | -3.8% |
| Financial charges | 65/66B | €78 | €54 | -€24 | -30.3% |
| Recurring financial charges | 65 | €78 | €54 | -€24 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €48,748 | €37,023 | -€11,725 | -24.1% |
| Income taxes | 67/77 | €11,314 | €8,612 | -€2,701 | -23.9% |
| Profit (loss) for the period | 9904 | €37,434 | €28,411 | -€9,024 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,434 | €28,411 | -€9,024 | -24.1% |
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 16 October 2026 via checked.be.