O. VANDER BEKEN: what changed
O. VANDER BEKEN
Largest movements
- Cash +€26,357
up €26,357 (+213%), from €12,384 to €38,741
mainly Net result for the year (+€19,869) and Tax, wage and social debts (+€6,565)
- Tangible fixed assets -€4,908
down €4,908 (-3.5%), from €142,250 to €137,342
of which Land and buildings: -€4,734
- Deferred charges and accrued income +€2,627
up €2,627 (+24.1%), from €10,900 to €13,527
- Reserves +€19,500
up €19,500 (+16.1%), from €121,438 to €140,938
of which Distributable reserves: +€19,500
- Tax, wage and social debts +€6,565
up €6,565 (+98.4%), from €6,668 to €13,233
- Other debts -€2,014
down €2,014 (-19.2%), from €10,464 to €8,450
- Gross operating margin +€27,076
up €27,076 (+397%), from €6,817 to €33,892
- Taxes +€6,378
up €6,378 (+1,109%), from €575 to €6,953
- Other operating charges -€2,108
down €2,108 (-71.7%), from €2,941 to €833
- Depreciation +€461
up €461 (+7.9%), from €5,824 to €6,285
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 | €166,022 | €190,102 | +€24,081 | +14.5% |
| Fixed assets | 21/28 | €142,250 | €137,342 | -€4,908 | -3.5% |
| Tangible fixed assets | 22/27 | €142,250 | €137,342 | -€4,908 | -3.5% |
| Land and buildings | 22 | €138,212 | €133,478 | -€4,734 | -3.4% |
| Plant, machinery and equipment | 23 | €1,306 | €869 | -€436 | -33.4% |
| Furniture and vehicles | 24 | €2,733 | €2,996 | +€262 | +9.6% |
| Current assets | 29/58 | €23,771 | €52,760 | +€28,989 | +122% |
| Amounts receivable within one year | 40/41 | €487 | €492 | +€5 | +1.0% |
| Trade receivables | 40 | €449 | €449 | = | 0.0% |
| Other amounts receivable | 41 | €38 | €43 | +€5 | +12.4% |
| Cash at bank and in hand | 54/58 | €12,384 | €38,741 | +€26,357 | +213% |
| Deferred charges and accrued income | 490/1 | €10,900 | €13,527 | +€2,627 | +24.1% |
| Total equity and liabilities | 10/49 | €166,022 | €190,102 | +€24,081 | +14.5% |
| Equity | 10/15 | €125,759 | €145,628 | +€19,869 | +15.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €121,438 | €140,938 | +€19,500 | +16.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,285 | €85,285 | = | 0.0% |
| Distributable reserves | 133 | €34,253 | €53,753 | +€19,500 | +56.9% |
| Profit (loss) carried forward | 14 | -€14,679 | -€14,310 | +€369 | +2.5% |
| Provisions and deferred taxes | 16 | €21,321 | €21,321 | = | 0.0% |
| Deferred taxes | 168 | €21,321 | €21,321 | = | 0.0% |
| Amounts payable | 17/49 | €18,941 | €23,153 | +€4,212 | +22.2% |
| Amounts payable within one year | 42/48 | €18,941 | €23,153 | +€4,212 | +22.2% |
| Trade debts | 44 | €1,809 | €1,470 | -€339 | -18.7% |
| Suppliers | 440/4 | €1,809 | €1,470 | -€339 | -18.7% |
| Taxes, remuneration and social security | 45 | €6,668 | €13,233 | +€6,565 | +98.4% |
| Taxes | 450/3 | €6,668 | €13,233 | +€6,565 | +98.4% |
| Other amounts payable | 47/48 | €10,464 | €8,450 | -€2,014 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,824 | €6,285 | +€461 | +7.9% |
| Other operating charges | 640/8 | €2,941 | €833 | -€2,108 | -71.7% |
| Gross operating margin | 9900 | €6,817 | €33,892 | +€27,076 | +397% |
| Operating profit (loss) | 9901 | -€1,948 | €26,775 | +€28,723 | |
| Financial income | 75/76B | €128 | €143 | +€15 | +12.0% |
| Recurring financial income | 75 | €128 | €143 | +€15 | +12.0% |
| Financial charges | 65/66B | €96 | €96 | +€0 | +0.3% |
| Recurring financial charges | 65 | €96 | €96 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,916 | €26,822 | +€28,738 | |
| Income taxes | 67/77 | €575 | €6,953 | +€6,378 | +1,109% |
| Profit (loss) for the period | 9904 | -€2,491 | €19,869 | +€22,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,491 | €19,869 | +€22,360 |
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 2 November 2026 via checked.be.