Patrick Deramoudt: 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.
Patrick Deramoudt
Largest movements
- Cash +€64,353
up €64,353 (+160.3%), from €40,150 to €104,502
mainly Net result for the year (+€85,206) and Receivables after one year (+€52,389)
- Receivables after one year -€52,389
down €52,389 (-29.4%), from €178,476 to €126,087
- Receivables within one year -€15,223
down €15,223 (-71.4%), from €21,315 to €6,092
of which Trade receivables: -€20,000
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€199,684
down €199,684 (-99.1%), from €201,470 to €1,786
- Taxes -€17,708
down €17,708 (-34.4%), from €51,509 to €33,801
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.
Cash bridge derived
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 | €769,275 | €765,910 | -€3,365 | -0.4% |
| Fixed assets | 21/28 | €527,444 | €527,170 | -€275 | -0.1% |
| Tangible fixed assets | 22/27 | €518 | €244 | -€275 | -53.0% |
| Plant, machinery and equipment | 23 | €518 | €244 | -€275 | -53.0% |
| Financial fixed assets | 28 | €526,926 | €526,926 | = | 0.0% |
| Current assets | 29/58 | €241,831 | €238,740 | -€3,090 | -1.3% |
| Amounts receivable after more than one year | 29 | €178,476 | €126,087 | -€52,389 | -29.4% |
| Other amounts receivable | 291 | €178,476 | €126,087 | -€52,389 | -29.4% |
| Amounts receivable within one year | 40/41 | €21,315 | €6,092 | -€15,223 | -71.4% |
| Trade receivables | 40 | €20,000 | €0 | -€20,000 | -100.0% |
| Other amounts receivable | 41 | €1,315 | €6,092 | +€4,777 | +363.4% |
| Cash at bank and in hand | 54/58 | €40,150 | €104,502 | +€64,353 | +160.3% |
| Deferred charges and accrued income | 490/1 | €1,891 | €2,059 | +€169 | +8.9% |
| Total equity and liabilities | 10/49 | €769,275 | €765,910 | -€3,365 | -0.4% |
| Equity | 10/15 | €726,549 | €723,207 | -€3,342 | -0.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €701,549 | €698,207 | -€3,342 | -0.5% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,026 | €1,026 | = | 0.0% |
| Other | 1319 | €1,974 | €1,974 | = | 0.0% |
| Distributable reserves | 133 | €698,549 | €695,207 | -€3,342 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,726 | €42,703 | -€23 | -0.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,726 | €42,703 | -€23 | -0.1% |
| Trade debts | 44 | €6,083 | €3,781 | -€2,302 | -37.8% |
| Suppliers | 440/4 | €6,083 | €3,781 | -€2,302 | -37.8% |
| Taxes, remuneration and social security | 45 | €36,643 | €38,922 | +€2,279 | +6.2% |
| Taxes | 450/3 | €36,643 | €38,922 | +€2,279 | +6.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €275 | = | 0.0% |
| Other operating charges | 640/8 | €598 | €884 | +€285 | +47.7% |
| Gross operating margin | 9900 | €118,694 | €119,281 | +€587 | +0.5% |
| Operating profit (loss) | 9901 | €117,820 | €118,122 | +€302 | +0.3% |
| Financial income | 75/76B | €201,470 | €1,786 | -€199,684 | -99.1% |
| Recurring financial income | 75 | €201,470 | €1,786 | -€199,684 | -99.1% |
| Financial charges | 65/66B | €1,891 | €902 | -€989 | -52.3% |
| Recurring financial charges | 65 | €1,891 | €902 | -€989 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €317,400 | €119,007 | -€198,393 | -62.5% |
| Income taxes | 67/77 | €51,509 | €33,801 | -€17,708 | -34.4% |
| Profit (loss) for the period | 9904 | €265,890 | €85,206 | -€180,685 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €265,890 | €85,206 | -€180,685 | -68.0% |
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 11 October 2026 via checked.be.