Hildegard Desmet: what changed
Hildegard Desmet
Largest movements
- Cash +€25,494
up €25,494 (+403%), from €6,327 to €31,821
mainly Receivables within one year (+€11,278) and Net result for the year (+€10,420)
- Receivables within one year -€11,278
down €11,278 (-44.3%), from €25,441 to €14,163
of which Other amounts receivable: -€6,052
- Tangible fixed assets -€2,172
down €2,172 (-15.9%), from €13,664 to €11,492
of which Furniture and vehicles: -€1,675
- Profit (loss) carried forward +€10,420
up €10,420 (+36.6%), from €28,469 to €38,890
- Tax, wage and social debts +€1,404
up €1,404 (+31.4%), from €4,464 to €5,868
of which Remuneration and social security: +€2,000
- Gross operating margin +€13,132
up €13,132 (+251%), from €5,230 to €18,362
- Taxes +€1,984
up €1,984 (+121%), from €1,639 to €3,623
- Financial income -€1,972
down €1,972 (-99.7%), from €1,979 to €7
- Depreciation +€1,215
up €1,215 (+61.8%), from €1,967 to €3,183
- Other operating charges +€348
up €348 (+48.1%), from €723 to €1,071
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,079 | €60,344 | +€12,265 | +25.5% |
| Fixed assets | 21/28 | €15,764 | €13,592 | -€2,172 | -13.8% |
| Tangible fixed assets | 22/27 | €13,664 | €11,492 | -€2,172 | -15.9% |
| Furniture and vehicles | 24 | €9,015 | €7,340 | -€1,675 | -18.6% |
| Other tangible fixed assets | 26 | €4,649 | €4,152 | -€497 | -10.7% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €32,315 | €46,752 | +€14,437 | +44.7% |
| Amounts receivable within one year | 40/41 | €25,441 | €14,163 | -€11,278 | -44.3% |
| Trade receivables | 40 | €15,000 | €9,774 | -€5,226 | -34.8% |
| Other amounts receivable | 41 | €10,441 | €4,389 | -€6,052 | -58.0% |
| Cash at bank and in hand | 54/58 | €6,327 | €31,821 | +€25,494 | +403% |
| Deferred charges and accrued income | 490/1 | €547 | €768 | +€221 | +40.4% |
| Total equity and liabilities | 10/49 | €48,079 | €60,344 | +€12,265 | +25.5% |
| Equity | 10/15 | €43,357 | €53,777 | +€10,420 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,888 | €9,888 | = | 0.0% |
| Distributable reserves | 133 | €9,888 | €9,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,469 | €38,890 | +€10,420 | +36.6% |
| Amounts payable | 17/49 | €4,722 | €6,567 | +€1,845 | +39.1% |
| Amounts payable within one year | 42/48 | €4,722 | €6,567 | +€1,845 | +39.1% |
| Trade debts | 44 | €258 | €699 | +€441 | +171% |
| Suppliers | 440/4 | €258 | €699 | +€441 | +171% |
| Taxes, remuneration and social security | 45 | €4,464 | €5,868 | +€1,404 | +31.4% |
| Taxes | 450/3 | €4,464 | €3,868 | -€596 | -13.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,967 | €3,183 | +€1,215 | +61.8% |
| Other operating charges | 640/8 | €723 | €1,071 | +€348 | +48.1% |
| Gross operating margin | 9900 | €5,230 | €18,362 | +€13,132 | +251% |
| Operating profit (loss) | 9901 | €2,540 | €14,108 | +€11,569 | +456% |
| Financial income | 75/76B | €1,979 | €7 | -€1,972 | -99.7% |
| Recurring financial income | 75 | €1,979 | €7 | -€1,972 | -99.7% |
| Financial charges | 65/66B | €76 | €71 | -€4 | -5.5% |
| Recurring financial charges | 65 | €76 | €71 | -€4 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €4,443 | €14,044 | +€9,601 | +216% |
| Income taxes | 67/77 | €1,639 | €3,623 | +€1,984 | +121% |
| Profit (loss) for the period | 9904 | €2,804 | €10,420 | +€7,617 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €2,804 | €10,420 | +€7,617 | +272% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.