Isabelle RASMONT: 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.
Isabelle RASMONT
Largest movements
- Cash -€175,576
down €175,576 (-70.0%), from €250,812 to €75,235
mainly Other debts (-€403,138) and Receivables within one year (-€24,827)
- Current investments -€83,955
down €83,955 (-5.4%), from €1.6m to €1.5m
- Receivables within one year +€24,827
up €24,827 (+6,130%), from €405 to €25,232
of which Trade receivables: +€25,232
- Other debts -€403,138
down €403,138 (-98.5%), from €409,094 to €5,956
- Reserves +€161,500
up €161,500 (+12.0%), from €1.3m to €1.5m
- Gross operating margin -€307,671
down €307,671 (-57.3%), from €536,681 to €229,010
- Taxes -€89,463
down €89,463 (-53.6%), from €166,821 to €77,358
- Financial income +€8,851
up €8,851 (+52.4%), from €16,881 to €25,732
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 | €1,844,140 | €1,599,352 | -€244,788 | -13.3% |
| Fixed assets | 21/28 | €37,293 | €25,523 | -€11,769 | -31.6% |
| Tangible fixed assets | 22/27 | €37,293 | €25,523 | -€11,769 | -31.6% |
| Plant, machinery and equipment | 23 | €728 | €392 | -€336 | -46.1% |
| Furniture and vehicles | 24 | €15,896 | €8,742 | -€7,154 | -45.0% |
| Other tangible fixed assets | 26 | €20,669 | €16,390 | -€4,279 | -20.7% |
| Current assets | 29/58 | €1,806,848 | €1,573,829 | -€233,019 | -12.9% |
| Amounts receivable within one year | 40/41 | €405 | €25,232 | +€24,827 | +6,130% |
| Trade receivables | 40 | - | €25,232 | +€25,232 | |
| Other amounts receivable | 41 | €405 | - | -€405 | |
| Current investments | 50/53 | €1,554,953 | €1,470,998 | -€83,955 | -5.4% |
| Cash at bank and in hand | 54/58 | €250,812 | €75,235 | -€175,576 | -70.0% |
| Deferred charges and accrued income | 490/1 | €678 | €2,363 | +€1,685 | +249% |
| Total equity and liabilities | 10/49 | €1,844,140 | €1,599,352 | -€244,788 | -13.3% |
| Equity | 10/15 | €1,366,861 | €1,528,371 | +€161,510 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,348,050 | €1,509,550 | +€161,500 | +12.0% |
| Distributable reserves | 133 | €1,348,050 | €1,509,550 | +€161,500 | +12.0% |
| Profit (loss) carried forward | 14 | €211 | €221 | +€10 | +4.7% |
| Amounts payable | 17/49 | €477,280 | €70,981 | -€406,298 | -85.1% |
| Amounts payable within one year | 42/48 | €477,280 | €70,981 | -€406,298 | -85.1% |
| Trade debts | 44 | €1,108 | €1,173 | +€66 | +5.9% |
| Suppliers | 440/4 | €1,108 | €1,173 | +€66 | +5.9% |
| Taxes, remuneration and social security | 45 | €67,078 | €63,852 | -€3,226 | -4.8% |
| Taxes | 450/3 | €67,078 | €63,852 | -€3,226 | -4.8% |
| Other amounts payable | 47/48 | €409,094 | €5,956 | -€403,138 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,769 | €11,769 | = | 0.0% |
| Other operating charges | 640/8 | €5,972 | €3,787 | -€2,185 | -36.6% |
| Gross operating margin | 9900 | €536,681 | €229,010 | -€307,671 | -57.3% |
| Operating profit (loss) | 9901 | €518,939 | €213,453 | -€305,486 | -58.9% |
| Financial income | 75/76B | €16,881 | €25,732 | +€8,851 | +52.4% |
| Recurring financial income | 75 | €16,881 | €25,732 | +€8,851 | +52.4% |
| Financial charges | 65/66B | €220 | €317 | +€97 | +44.1% |
| Recurring financial charges | 65 | €220 | €317 | +€97 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €535,600 | €238,868 | -€296,732 | -55.4% |
| Income taxes | 67/77 | €166,821 | €77,358 | -€89,463 | -53.6% |
| Profit (loss) for the period | 9904 | €368,779 | €161,510 | -€207,269 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €368,779 | €161,510 | -€207,269 | -56.2% |
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 25 October 2026 via checked.be.