Katrien Van Boxstael: 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.
Katrien Van Boxstael
Largest movements
- Current investments -€179,754
down €179,754 (-67.5%), from €266,250 to €86,496
- Tangible fixed assets -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€7,956
up €7,956 (+31.9%), from €24,944 to €32,900
of which Other amounts receivable: +€9,349
- Other debts -€132,777
down €132,777 (-99.3%), from €133,777 to €1,000
- Trade debts -€51,299
down €51,299 (-89.0%), from €57,616 to €6,317
- Profit (loss) carried forward -€17,136
down €17,136 (-19.8%), from €86,538 to €69,401
- Gross operating margin -€22,529
down €22,529 (-61.4%), from €36,704 to €14,175
- Financial income +€13,324
up €13,324 (+3,623%), from €368 to €13,692
- Taxes -€5,547
down €5,547 (-48.0%), from €11,553 to €6,006
- Other operating charges +€1,217
up €1,217 (+19.2%), from €6,326 to €7,542
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 | €325,139 | €119,675 | -€205,464 | -63.2% |
| Fixed assets | 21/28 | €30,000 | - | -€30,000 | |
| Tangible fixed assets | 22/27 | €30,000 | - | -€30,000 | |
| Land and buildings | 22 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €295,139 | €119,675 | -€175,464 | -59.5% |
| Amounts receivable within one year | 40/41 | €24,944 | €32,900 | +€7,956 | +31.9% |
| Trade receivables | 40 | €24,194 | €22,801 | -€1,393 | -5.8% |
| Other amounts receivable | 41 | €750 | €10,099 | +€9,349 | +1,246% |
| Current investments | 50/53 | €266,250 | €86,496 | -€179,754 | -67.5% |
| Cash at bank and in hand | 54/58 | €2,594 | €214 | -€2,381 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,351 | €65 | -€1,285 | -95.2% |
| Total equity and liabilities | 10/49 | €325,139 | €119,675 | -€205,464 | -63.2% |
| Equity | 10/15 | €90,047 | €69,401 | -€20,645 | -22.9% |
| Contributions | 10/11 | €1,500 | - | -€1,500 | |
| Reserves | 13 | €2,009 | - | -€2,009 | |
| Non-distributable reserves | 130/1 | €2,009 | - | -€2,009 | |
| Reserves not available under the articles | 1311 | €2,009 | - | -€2,009 | |
| Profit (loss) carried forward | 14 | €86,538 | €69,401 | -€17,136 | -19.8% |
| Amounts payable | 17/49 | €235,093 | €50,274 | -€184,819 | -78.6% |
| Amounts payable within one year | 42/48 | €200,161 | €15,342 | -€184,819 | -92.3% |
| Trade debts | 44 | €57,616 | €6,317 | -€51,299 | -89.0% |
| Suppliers | 440/4 | €57,616 | €6,317 | -€51,299 | -89.0% |
| Taxes, remuneration and social security | 45 | €8,767 | €8,025 | -€742 | -8.5% |
| Taxes | 450/3 | €8,767 | €8,025 | -€742 | -8.5% |
| Other amounts payable | 47/48 | €133,777 | €1,000 | -€132,777 | -99.3% |
| Accrued charges and deferred income | 492/3 | €34,932 | €34,932 | = | 0.0% |
| Other operating charges | 640/8 | €6,326 | €7,542 | +€1,217 | +19.2% |
| Gross operating margin | 9900 | €36,704 | €14,175 | -€22,529 | -61.4% |
| Operating profit (loss) | 9901 | €30,379 | €6,633 | -€23,746 | -78.2% |
| Financial income | 75/76B | €368 | €13,692 | +€13,324 | +3,623% |
| Recurring financial income | 75 | €368 | €13,692 | +€13,324 | +3,623% |
| Financial charges | 65/66B | €158 | - | -€158 | |
| Recurring financial charges | 65 | €158 | - | -€158 | |
| Profit (loss) for the period before taxes | 9903 | €30,589 | €20,325 | -€10,264 | -33.6% |
| Income taxes | 67/77 | €11,553 | €6,006 | -€5,547 | -48.0% |
| Profit (loss) for the period | 9904 | €19,036 | €14,319 | -€4,717 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,036 | €14,319 | -€4,717 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.