Mieke Van Handenhove: what changed
Mieke Van Handenhove
Largest movements
- Cash -€42,061
down €42,061 (-66.3%), from €63,405 to €21,343
mainly Other debts (-€40,535) and Contributions, distributions and other (-€33,039)
- Deferred charges and accrued income +€26,309
new in 2025: €26,309
- Receivables within one year -€25,830
down €25,830 (-100%), from €25,830 to €0
of which Trade receivables: -€25,053
- Other debts -€40,535
down €40,535 (-97.9%), from €41,402 to €867
- Tax, wage and social debts -€4,346
down €4,346 (-61.6%), from €7,059 to €2,713
- Reserves +€3,451
up €3,451 (+10.4%), from €33,039 to €36,491
- Trade debts -€1,045
down €1,045 (-55.6%), from €1,879 to €835
- Gross operating margin -€12,100
down €12,100 (-18.3%), from €66,143 to €54,043
- Taxes -€2,811
down €2,811 (-15.6%), from €18,023 to €15,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,880 | €48,405 | -€42,475 | -46.7% |
| Fixed assets | 21/28 | €1,645 | €752 | -€893 | -54.3% |
| Tangible fixed assets | 22/27 | €1,645 | €752 | -€893 | -54.3% |
| Furniture and vehicles | 24 | €1,645 | €752 | -€893 | -54.3% |
| Current assets | 29/58 | €89,235 | €47,653 | -€41,582 | -46.6% |
| Amounts receivable within one year | 40/41 | €25,830 | €0 | -€25,830 | -100% |
| Trade receivables | 40 | €25,053 | €0 | -€25,053 | -100% |
| Other amounts receivable | 41 | €777 | €0 | -€777 | -100% |
| Cash at bank and in hand | 54/58 | €63,405 | €21,343 | -€42,061 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €26,309 | +€26,309 | |
| Total equity and liabilities | 10/49 | €90,880 | €48,405 | -€42,475 | -46.7% |
| Equity | 10/15 | €40,539 | €43,991 | +€3,451 | +8.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €33,039 | €36,491 | +€3,451 | +10.4% |
| Distributable reserves | 133 | €33,039 | €36,491 | +€3,451 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,340 | €4,414 | -€45,926 | -91.2% |
| Amounts payable within one year | 42/48 | €50,340 | €4,414 | -€45,926 | -91.2% |
| Trade debts | 44 | €1,879 | €835 | -€1,045 | -55.6% |
| Suppliers | 440/4 | €1,879 | €835 | -€1,045 | -55.6% |
| Taxes, remuneration and social security | 45 | €7,059 | €2,713 | -€4,346 | -61.6% |
| Taxes | 450/3 | €7,059 | €2,713 | -€4,346 | -61.6% |
| Other amounts payable | 47/48 | €41,402 | €867 | -€40,535 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €893 | -€321 | -26.4% |
| Other operating charges | 640/8 | €727 | €686 | -€41 | -5.6% |
| Gross operating margin | 9900 | €66,143 | €54,043 | -€12,100 | -18.3% |
| Operating profit (loss) | 9901 | €64,203 | €52,464 | -€11,739 | -18.3% |
| Financial charges | 65/66B | €1,081 | €761 | -€320 | -29.6% |
| Recurring financial charges | 65 | €1,081 | €761 | -€320 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €63,121 | €51,703 | -€11,418 | -18.1% |
| Income taxes | 67/77 | €18,023 | €15,213 | -€2,811 | -15.6% |
| Profit (loss) for the period | 9904 | €45,098 | €36,491 | -€8,607 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,098 | €36,491 | -€8,607 | -19.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.