Isabel De Beule: 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.
Isabel De Beule
Largest movements
- Receivables within one year -€19,003
down €19,003 (-98.7%), from €19,255 to €251
of which Trade receivables: -€15,492
- Deferred charges and accrued income -€1,646
down €1,646 (-68.8%), from €2,390 to €745
- Cash +€1,301
up €1,301 (+4.5%), from €28,664 to €29,966
mainly Net result for the year (+€19,228) and Receivables within one year (+€19,003)
- Trade debts -€20,121
down €20,121 (-93.4%), from €21,550 to €1,430
- Other debts +€5,332
up €5,332 (+35.9%), from €14,850 to €20,182
- Tax, wage and social debts -€5,061
down €5,061 (-37.5%), from €13,513 to €8,453
of which Taxes: -€5,061
- Gross operating margin +€16,731
up €16,731 (+111%), from €15,111 to €31,842
- Taxes +€5,438
up €5,438 (+114%), from €4,781 to €10,219
- Other operating charges +€607
up €607 (+87.5%), from €695 to €1,302
- Financial charges +€565
up €565 (+563%), from €100 to €666
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 | €52,414 | €32,564 | -€19,850 | -37.9% |
| Fixed assets | 21/28 | €2,105 | €1,603 | -€502 | -23.9% |
| Tangible fixed assets | 22/27 | €2,105 | €1,603 | -€502 | -23.9% |
| Plant, machinery and equipment | 23 | €990 | €630 | -€361 | -36.4% |
| Furniture and vehicles | 24 | €1,114 | €973 | -€142 | -12.7% |
| Current assets | 29/58 | €50,309 | €30,961 | -€19,348 | -38.5% |
| Amounts receivable within one year | 40/41 | €19,255 | €251 | -€19,003 | -98.7% |
| Trade receivables | 40 | €15,704 | €212 | -€15,492 | -98.7% |
| Other amounts receivable | 41 | €3,551 | €39 | -€3,511 | -98.9% |
| Cash at bank and in hand | 54/58 | €28,664 | €29,966 | +€1,301 | +4.5% |
| Deferred charges and accrued income | 490/1 | €2,390 | €745 | -€1,646 | -68.8% |
| Total equity and liabilities | 10/49 | €52,414 | €32,564 | -€19,850 | -37.9% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,914 | €30,064 | -€19,850 | -39.8% |
| Amounts payable within one year | 42/48 | €49,914 | €30,064 | -€19,850 | -39.8% |
| Trade debts | 44 | €21,550 | €1,430 | -€20,121 | -93.4% |
| Suppliers | 440/4 | €21,550 | €1,430 | -€20,121 | -93.4% |
| Taxes, remuneration and social security | 45 | €13,513 | €8,453 | -€5,061 | -37.5% |
| Taxes | 450/3 | €13,513 | €8,453 | -€5,061 | -37.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €14,850 | €20,182 | +€5,332 | +35.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €502 | +€269 | +115% |
| Other operating charges | 640/8 | €695 | €1,302 | +€607 | +87.5% |
| Gross operating margin | 9900 | €15,111 | €31,842 | +€16,731 | +111% |
| Operating profit (loss) | 9901 | €14,183 | €30,037 | +€15,854 | +112% |
| Financial income | 75/76B | €0 | €75 | +€75 | +750,100% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +750,100% |
| Financial charges | 65/66B | €100 | €666 | +€565 | +563% |
| Recurring financial charges | 65 | €100 | €666 | +€565 | +563% |
| Profit (loss) for the period before taxes | 9903 | €14,083 | €29,446 | +€15,364 | +109% |
| Income taxes | 67/77 | €4,781 | €10,219 | +€5,438 | +114% |
| Profit (loss) for the period | 9904 | €9,301 | €19,228 | +€9,926 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €9,301 | €19,228 | +€9,926 | +107% |
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 22 October 2026 via checked.be.