Hannelore Druwé: 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.
Hannelore Druwé
Largest movements
- Cash +€33,536
up €33,536 (+63.1%), from €53,122 to €86,658
mainly Other debts (+€69,048) and Net result for the year (+€33,709)
- Receivables within one year +€4,027
up €4,027 (+47.7%), from €8,438 to €12,465
of which Trade receivables: +€4,016
- Other debts +€69,048
up €69,048 (+1,995%), from €3,461 to €72,509
- Reserves -€48,100
down €48,100 (-100%), from €48,100 to €0
- Tax, wage and social debts +€16,948
up €16,948 (+195%), from €8,705 to €25,653
- Gross operating margin +€7,825
up €7,825 (+19.5%), from €40,042 to €47,868
- Taxes +€4,300
up €4,300 (+51.3%), from €8,386 to €12,686
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 | €62,129 | €99,719 | +€37,590 | +60.5% |
| Current assets | 29/58 | €62,129 | €99,719 | +€37,590 | +60.5% |
| Amounts receivable within one year | 40/41 | €8,438 | €12,465 | +€4,027 | +47.7% |
| Trade receivables | 40 | €8,438 | €12,454 | +€4,016 | +47.6% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €53,122 | €86,658 | +€33,536 | +63.1% |
| Deferred charges and accrued income | 490/1 | €569 | €596 | +€28 | +4.8% |
| Total equity and liabilities | 10/49 | €62,129 | €99,719 | +€37,590 | +60.5% |
| Equity | 10/15 | €49,656 | €1,556 | -€48,100 | -96.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €48,100 | €0 | -€48,100 | -100% |
| Distributable reserves | 133 | €48,100 | €0 | -€48,100 | -100% |
| Profit (loss) carried forward | 14 | €56 | €56 | = | 0.0% |
| Amounts payable | 17/49 | €12,473 | €98,163 | +€85,689 | +687% |
| Amounts payable within one year | 42/48 | €12,473 | €98,163 | +€85,689 | +687% |
| Trade debts | 44 | €307 | €0 | -€307 | -100% |
| Suppliers | 440/4 | €307 | €0 | -€307 | -100% |
| Taxes, remuneration and social security | 45 | €8,705 | €25,653 | +€16,948 | +195% |
| Taxes | 450/3 | €8,705 | €25,653 | +€16,948 | +195% |
| Other amounts payable | 47/48 | €3,461 | €72,509 | +€69,048 | +1,995% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €40,042 | €47,868 | +€7,825 | +19.5% |
| Operating profit (loss) | 9901 | €39,473 | €47,282 | +€7,809 | +19.8% |
| Financial income | 75/76B | €0 | €228 | +€228 | |
| Recurring financial income | 75 | €0 | €228 | +€228 | |
| Financial charges | 65/66B | €946 | €1,116 | +€170 | +18.0% |
| Recurring financial charges | 65 | €946 | €1,116 | +€170 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €38,527 | €46,394 | +€7,867 | +20.4% |
| Income taxes | 67/77 | €8,386 | €12,686 | +€4,300 | +51.3% |
| Profit (loss) for the period | 9904 | €30,141 | €33,709 | +€3,567 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,141 | €33,709 | +€3,567 | +11.8% |
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 24 October 2026 via checked.be.