Gerlinde Vanbeckevoort: 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.
Gerlinde Vanbeckevoort
Largest movements
- Receivables within one year -€14,675
down €14,675 (-95.8%), from €15,320 to €645
of which Trade receivables: -€13,407
- Cash +€13,344
up €13,344 (+35.5%), from €37,606 to €50,950
mainly Net result for the year (+€46,848) and Receivables within one year (+€14,675)
- Tangible fixed assets -€4,877
down €4,877 (-42.9%), from €11,374 to €6,497
of which Leasing and similar rights: -€7,692
- Current portion of long-term debt -€2,490
down €2,490 (-100%), from €2,490 to €0
- Other debts -€2,302
down €2,302 (-56.5%), from €4,074 to €1,773
- Trade debts -€2,265
down €2,265 (-67.0%), from €3,381 to €1,116
- Other operating charges -€732
down €732 (-37.5%), from €1,950 to €1,219
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 | €65,324 | €58,464 | -€6,859 | -10.5% |
| Fixed assets | 21/28 | €11,374 | €6,497 | -€4,877 | -42.9% |
| Tangible fixed assets | 22/27 | €11,374 | €6,497 | -€4,877 | -42.9% |
| Plant, machinery and equipment | 23 | €2,826 | €2,540 | -€286 | -10.1% |
| Furniture and vehicles | 24 | €856 | €3,957 | +€3,101 | +362% |
| Leasing and similar rights | 25 | €7,692 | €0 | -€7,692 | -100% |
| Current assets | 29/58 | €53,949 | €51,967 | -€1,982 | -3.7% |
| Amounts receivable within one year | 40/41 | €15,320 | €645 | -€14,675 | -95.8% |
| Trade receivables | 40 | €13,407 | €0 | -€13,407 | -100% |
| Other amounts receivable | 41 | €1,913 | €645 | -€1,268 | -66.3% |
| Cash at bank and in hand | 54/58 | €37,606 | €50,950 | +€13,344 | +35.5% |
| Deferred charges and accrued income | 490/1 | €1,023 | €372 | -€651 | -63.6% |
| Total equity and liabilities | 10/49 | €65,324 | €58,464 | -€6,859 | -10.5% |
| Equity | 10/15 | €48,309 | €48,848 | +€539 | +1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,309 | €46,848 | +€539 | +1.2% |
| Distributable reserves | 133 | €46,309 | €46,848 | +€539 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,015 | €9,616 | -€7,398 | -43.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,015 | €9,616 | -€7,398 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €2,490 | €0 | -€2,490 | -100% |
| Trade debts | 44 | €3,381 | €1,116 | -€2,265 | -67.0% |
| Suppliers | 440/4 | €3,381 | €1,116 | -€2,265 | -67.0% |
| Taxes, remuneration and social security | 45 | €7,070 | €6,728 | -€342 | -4.8% |
| Taxes | 450/3 | €7,070 | €6,728 | -€342 | -4.8% |
| Other amounts payable | 47/48 | €4,074 | €1,773 | -€2,302 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,625 | €7,092 | +€467 | +7.1% |
| Other operating charges | 640/8 | €1,950 | €1,219 | -€732 | -37.5% |
| Gross operating margin | 9900 | €68,007 | €68,555 | +€548 | +0.8% |
| Operating profit (loss) | 9901 | €59,432 | €60,244 | +€812 | +1.4% |
| Financial income | 75/76B | €196 | €82 | -€114 | -58.3% |
| Recurring financial income | 75 | €196 | €82 | -€114 | -58.3% |
| Financial charges | 65/66B | €160 | €86 | -€74 | -46.2% |
| Recurring financial charges | 65 | €160 | €86 | -€74 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €59,469 | €60,240 | +€772 | +1.3% |
| Income taxes | 67/77 | €13,160 | €13,392 | +€233 | +1.8% |
| Profit (loss) for the period | 9904 | €46,309 | €46,848 | +€539 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,309 | €46,848 | +€539 | +1.2% |
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 28 October 2026 via checked.be.