ISABELLE VAN OYCKE: 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 VAN OYCKE
Largest movements
- Tangible fixed assets +€61,121
up €61,121 (+31.0%), from €197,263 to €258,384
of which Furniture and vehicles: +€78,914
- Cash -€35,034
down €35,034 (-12.3%), from €285,656 to €250,622
mainly Investment in fixed assets (net) (-€92,379) and Contributions, distributions and other (-€90,000)
- Receivables within one year -€25,431
down €25,431 (-5.0%), from €507,781 to €482,350
of which Other amounts receivable: -€18,957
- Current investments +€11,987
up €11,987 (+40.5%), from €29,623 to €41,609
- Reserves +€57,959
up €57,959 (+6.2%), from €937,978 to €995,937
- Tax, wage and social debts -€31,138
down €31,138 (-66.8%), from €46,604 to €15,466
of which Taxes: -€15,921
- Gross operating margin -€28,977
down €28,977 (-6.9%), from €420,570 to €391,593
- Taxes -€20,121
down €20,121 (-25.3%), from €79,591 to €59,470
- Staff costs +€17,529
up €17,529 (+12.3%), from €142,844 to €160,373
- Depreciation -€4,260
down €4,260 (-12.0%), from €35,519 to €31,258
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 | €1,049,564 | €1,069,346 | +€19,782 | +1.9% |
| Fixed assets | 21/28 | €197,263 | €258,384 | +€61,121 | +31.0% |
| Tangible fixed assets | 22/27 | €197,263 | €258,384 | +€61,121 | +31.0% |
| Land and buildings | 22 | €62,608 | €61,229 | -€1,379 | -2.2% |
| Plant, machinery and equipment | 23 | €5,211 | €4,499 | -€712 | -13.7% |
| Furniture and vehicles | 24 | €34,599 | €113,513 | +€78,914 | +228% |
| Leasing and similar rights | 25 | €21,915 | €16,118 | -€5,796 | -26.4% |
| Other tangible fixed assets | 26 | €72,931 | €63,025 | -€9,906 | -13.6% |
| Current assets | 29/58 | €852,301 | €810,961 | -€41,339 | -4.9% |
| Amounts receivable within one year | 40/41 | €507,781 | €482,350 | -€25,431 | -5.0% |
| Trade receivables | 40 | €47,873 | €41,399 | -€6,474 | -13.5% |
| Other amounts receivable | 41 | €459,908 | €440,951 | -€18,957 | -4.1% |
| Current investments | 50/53 | €29,623 | €41,609 | +€11,987 | +40.5% |
| Cash at bank and in hand | 54/58 | €285,656 | €250,622 | -€35,034 | -12.3% |
| Deferred charges and accrued income | 490/1 | €29,241 | €36,379 | +€7,139 | +24.4% |
| Total equity and liabilities | 10/49 | €1,049,564 | €1,069,346 | +€19,782 | +1.9% |
| Equity | 10/15 | €961,779 | €1,019,738 | +€57,959 | +6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €937,978 | €995,937 | +€57,959 | +6.2% |
| Distributable reserves | 133 | €937,978 | €995,937 | +€57,959 | +6.2% |
| Profit (loss) carried forward | 14 | €3,801 | €3,801 | = | 0.0% |
| Amounts payable | 17/49 | €87,785 | €49,608 | -€38,178 | -43.5% |
| Amounts payable after more than one year | 17 | €16,768 | €10,917 | -€5,851 | -34.9% |
| Financial debts | 170/4 | €16,768 | €10,917 | -€5,851 | -34.9% |
| Amounts payable within one year | 42/48 | €71,017 | €38,691 | -€32,326 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €5,586 | €5,851 | +€265 | +4.8% |
| Trade debts | 44 | €18,827 | €17,373 | -€1,454 | -7.7% |
| Suppliers | 440/4 | €18,827 | €17,373 | -€1,454 | -7.7% |
| Taxes, remuneration and social security | 45 | €46,604 | €15,466 | -€31,138 | -66.8% |
| Taxes | 450/3 | €30,717 | €14,796 | -€15,921 | -51.8% |
| Remuneration and social security | 454/9 | €15,887 | €670 | -€15,217 | -95.8% |
| Non-recurring operating income | 76A | - | €38,501 | +€38,501 | |
| Remuneration, social security and pensions | 62 | €142,844 | €160,373 | +€17,529 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,519 | €31,258 | -€4,260 | -12.0% |
| Other operating charges | 640/8 | €1,504 | €1,719 | +€215 | +14.3% |
| Non-recurring operating charges | 66A | €800 | €1,151 | +€351 | +43.8% |
| Gross operating margin | 9900 | €420,570 | €391,593 | -€28,977 | -6.9% |
| Operating profit (loss) | 9901 | €239,904 | €197,092 | -€42,812 | -17.8% |
| Financial income | 75/76B | €11,184 | €11,509 | +€325 | +2.9% |
| Recurring financial income | 75 | €11,184 | €11,509 | +€325 | +2.9% |
| Financial charges | 65/66B | €1,591 | €1,172 | -€419 | -26.3% |
| Recurring financial charges | 65 | €1,591 | €1,172 | -€419 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €249,497 | €207,429 | -€42,068 | -16.9% |
| Income taxes | 67/77 | €79,591 | €59,470 | -€20,121 | -25.3% |
| Profit (loss) for the period | 9904 | €169,906 | €147,959 | -€21,947 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €169,906 | €147,959 | -€21,947 | -12.9% |
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 31 October 2026 via checked.be.