Gitte Daenen: 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.
Gitte Daenen
Largest movements
- Cash +€22,071
up €22,071 (+66.2%), from €33,352 to €55,423
mainly Net result for the year (+€62,677) and Trade debts (+€3,826)
- Deferred charges and accrued income +€4,395
up €4,395 (+32,195%), from €14 to €4,408
- Tangible fixed assets +€2,407
up €2,407 (+20.0%), from €12,054 to €14,460
of which Plant, machinery and equipment: +€4,065
- Receivables within one year -€1,945
down €1,945 (-7.0%), from €27,712 to €25,767
of which Trade receivables: -€1,381
- Profit (loss) carried forward +€22,677
up €22,677 (+24,526%), from €92 to €22,769
- Trade debts +€3,826
new in 2025: €3,826
- Tax, wage and social debts +€2,238
up €2,238 (+30.6%), from €7,306 to €9,543
- Other debts -€1,812
down €1,812 (-5.0%), from €36,133 to €34,321
- Gross operating margin +€28,532
up €28,532 (+45.7%), from €62,459 to €90,991
- Financial charges +€1,898
up €1,898 (+84.6%), from €2,243 to €4,141
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 | €73,132 | €100,059 | +€26,928 | +36.8% |
| Fixed assets | 21/28 | €12,054 | €14,460 | +€2,407 | +20.0% |
| Tangible fixed assets | 22/27 | €12,054 | €14,460 | +€2,407 | +20.0% |
| Plant, machinery and equipment | 23 | €617 | €4,682 | +€4,065 | +659% |
| Furniture and vehicles | 24 | €10,027 | €8,729 | -€1,299 | -12.9% |
| Other tangible fixed assets | 26 | €1,410 | €1,050 | -€360 | -25.5% |
| Current assets | 29/58 | €61,078 | €85,599 | +€24,521 | +40.1% |
| Amounts receivable within one year | 40/41 | €27,712 | €25,767 | -€1,945 | -7.0% |
| Trade receivables | 40 | €27,149 | €25,767 | -€1,381 | -5.1% |
| Other amounts receivable | 41 | €564 | - | -€564 | |
| Cash at bank and in hand | 54/58 | €33,352 | €55,423 | +€22,071 | +66.2% |
| Deferred charges and accrued income | 490/1 | €14 | €4,408 | +€4,395 | +32,195% |
| Total equity and liabilities | 10/49 | €73,132 | €100,059 | +€26,928 | +36.8% |
| Equity | 10/15 | €29,692 | €52,369 | +€22,677 | +76.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92 | €22,769 | +€22,677 | +24,526% |
| Amounts payable | 17/49 | €43,439 | €47,690 | +€4,251 | +9.8% |
| Amounts payable within one year | 42/48 | €43,439 | €47,690 | +€4,251 | +9.8% |
| Trade debts | 44 | - | €3,826 | +€3,826 | |
| Suppliers | 440/4 | - | €3,826 | +€3,826 | |
| Taxes, remuneration and social security | 45 | €7,306 | €9,543 | +€2,238 | +30.6% |
| Taxes | 450/3 | €7,306 | €9,543 | +€2,238 | +30.6% |
| Other amounts payable | 47/48 | €36,133 | €34,321 | -€1,812 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,731 | €3,520 | +€789 | +28.9% |
| Other operating charges | 640/8 | €1,405 | €1,966 | +€561 | +39.9% |
| Gross operating margin | 9900 | €62,459 | €90,991 | +€28,532 | +45.7% |
| Operating profit (loss) | 9901 | €58,323 | €85,505 | +€27,182 | +46.6% |
| Financial income | 75/76B | €3 | €2 | -€1 | -25.1% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -25.1% |
| Financial charges | 65/66B | €2,243 | €4,141 | +€1,898 | +84.6% |
| Recurring financial charges | 65 | €2,243 | €4,141 | +€1,898 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €56,082 | €81,366 | +€25,283 | +45.1% |
| Income taxes | 67/77 | €18,000 | €18,689 | +€689 | +3.8% |
| Profit (loss) for the period | 9904 | €38,082 | €62,677 | +€24,594 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,082 | €62,677 | +€24,594 | +64.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.