Ingrid VAN DAELE: 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.
Ingrid VAN DAELE
Largest movements
- Tangible fixed assets +€25,050
up €25,050 (+237%), from €10,558 to €35,608
of which Furniture and vehicles: +€25,168
- Receivables within one year +€11,034
up €11,034 (+464%), from €2,378 to €13,412
of which Trade receivables: +€11,430
- Cash -€4,219
down €4,219 (-5.7%), from €73,505 to €69,286
mainly Contributions, distributions and other (-€103,600) and Investment in fixed assets (net) (-€36,135)
- Deferred charges and accrued income +€1,574
up €1,574 (+74.4%), from €2,115 to €3,689
- Other debts +€55,282
up €55,282 (+111%), from €49,843 to €105,125
- Reserves -€28,000
no longer reported in 2025 (was €28,000)
- Trade debts +€3,480
up €3,480 (+706%), from €493 to €3,973
- Tax, wage and social debts +€3,018
up €3,018 (+44.2%), from €6,831 to €9,849
- Gross operating margin +€54,609
up €54,609 (+102%), from €53,372 to €107,981
- Taxes +€10,405
up €10,405 (+114%), from €9,150 to €19,555
- Depreciation +€2,254
up €2,254 (+25.5%), from €8,831 to €11,086
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 | €88,847 | €122,285 | +€33,438 | +37.6% |
| Fixed assets | 21/28 | €10,848 | €35,898 | +€25,050 | +231% |
| Tangible fixed assets | 22/27 | €10,558 | €35,608 | +€25,050 | +237% |
| Furniture and vehicles | 24 | €10,430 | €35,598 | +€25,168 | +241% |
| Other tangible fixed assets | 26 | €128 | €10 | -€119 | -92.3% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €77,999 | €86,388 | +€8,389 | +10.8% |
| Amounts receivable within one year | 40/41 | €2,378 | €13,412 | +€11,034 | +464% |
| Trade receivables | 40 | €429 | €11,859 | +€11,430 | +2,666% |
| Other amounts receivable | 41 | €1,950 | €1,554 | -€396 | -20.3% |
| Cash at bank and in hand | 54/58 | €73,505 | €69,286 | -€4,219 | -5.7% |
| Deferred charges and accrued income | 490/1 | €2,115 | €3,689 | +€1,574 | +74.4% |
| Total equity and liabilities | 10/49 | €88,847 | €122,285 | +€33,438 | +37.6% |
| Equity | 10/15 | €28,362 | €7 | -€28,355 | -100.0% |
| Reserves | 13 | €28,000 | - | -€28,000 | |
| Distributable reserves | 133 | €28,000 | - | -€28,000 | |
| Profit (loss) carried forward | 14 | €362 | €7 | -€355 | -98.1% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €57,985 | €119,779 | +€61,794 | +107% |
| Amounts payable within one year | 42/48 | €57,167 | €118,985 | +€61,818 | +108% |
| Trade debts | 44 | €493 | €3,973 | +€3,480 | +706% |
| Suppliers | 440/4 | €493 | €3,973 | +€3,480 | +706% |
| Advances received on contracts in progress | 46 | - | €38 | +€38 | |
| Taxes, remuneration and social security | 45 | €6,831 | €9,849 | +€3,018 | +44.2% |
| Taxes | 450/3 | €6,831 | €9,849 | +€3,018 | +44.2% |
| Other amounts payable | 47/48 | €49,843 | €105,125 | +€55,282 | +111% |
| Accrued charges and deferred income | 492/3 | €818 | €793 | -€25 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,831 | €11,086 | +€2,254 | +25.5% |
| Other operating charges | 640/8 | €2,305 | €2,293 | -€12 | -0.5% |
| Non-recurring operating charges | 66A | €13 | - | -€13 | |
| Gross operating margin | 9900 | €53,372 | €107,981 | +€54,609 | +102% |
| Operating profit (loss) | 9901 | €42,223 | €94,603 | +€52,380 | +124% |
| Financial income | 75/76B | €345 | €259 | -€86 | -25.0% |
| Recurring financial income | 75 | €345 | €259 | -€86 | -25.0% |
| Financial charges | 65/66B | €57 | €62 | +€6 | +10.1% |
| Recurring financial charges | 65 | €57 | €62 | +€6 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €42,512 | €94,799 | +€52,288 | +123% |
| Income taxes | 67/77 | €9,150 | €19,555 | +€10,405 | +114% |
| Profit (loss) for the period | 9904 | €33,362 | €75,245 | +€41,883 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €33,362 | €75,245 | +€41,883 | +126% |
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 14 October 2026 via checked.be.