Patrick Van den Berghe: 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 Van den Berghe
Largest movements
- Cash +€68,141
up €68,141 (+117%), from €58,117 to €126,258
mainly Net result for the year (+€60,542) and Trade debts (+€13,044)
- Receivables within one year +€8,712
up €8,712 (+7.1%), from €122,065 to €130,777
of which Trade receivables: +€9,660
- Reserves +€60,542
up €60,542 (+37.1%), from €163,400 to €223,942
- Trade debts +€13,044
up €13,044 (+9,226%), from €141 to €13,185
- Tax, wage and social debts +€2,936
up €2,936 (+18.9%), from €15,576 to €18,512
- Gross operating margin +€7,912
up €7,912 (+10.0%), from €78,911 to €86,823
- Taxes +€1,893
up €1,893 (+6.8%), from €27,697 to €29,590
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 | €181,293 | €257,815 | +€76,522 | +42.2% |
| Fixed assets | 21/28 | €511 | €304 | -€207 | -40.5% |
| Tangible fixed assets | 22/27 | €511 | €304 | -€207 | -40.5% |
| Plant, machinery and equipment | 23 | €511 | €304 | -€207 | -40.5% |
| Current assets | 29/58 | €180,782 | €257,511 | +€76,729 | +42.4% |
| Stocks and contracts in progress | 3 | €600 | €450 | -€150 | -25.0% |
| Stocks | 30/36 | €600 | €450 | -€150 | -25.0% |
| Amounts receivable within one year | 40/41 | €122,065 | €130,777 | +€8,712 | +7.1% |
| Trade receivables | 40 | €13,542 | €23,201 | +€9,660 | +71.3% |
| Other amounts receivable | 41 | €108,524 | €107,576 | -€948 | -0.9% |
| Cash at bank and in hand | 54/58 | €58,117 | €126,258 | +€68,141 | +117% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €181,293 | €257,815 | +€76,522 | +42.2% |
| Equity | 10/15 | €165,576 | €226,118 | +€60,542 | +36.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €163,400 | €223,942 | +€60,542 | +37.1% |
| Distributable reserves | 133 | €163,400 | €223,942 | +€60,542 | +37.1% |
| Profit (loss) carried forward | 14 | €176 | €176 | = | 0.0% |
| Amounts payable | 17/49 | €15,717 | €31,697 | +€15,980 | +102% |
| Amounts payable within one year | 42/48 | €15,717 | €31,697 | +€15,980 | +102% |
| Trade debts | 44 | €141 | €13,185 | +€13,044 | +9,226% |
| Suppliers | 440/4 | €141 | €13,185 | +€13,044 | +9,226% |
| Taxes, remuneration and social security | 45 | €15,576 | €18,512 | +€2,936 | +18.9% |
| Taxes | 450/3 | €15,576 | €18,512 | +€2,936 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €207 | -€66 | -24.3% |
| Other operating charges | 640/8 | €848 | €680 | -€169 | -19.9% |
| Gross operating margin | 9900 | €78,911 | €86,823 | +€7,912 | +10.0% |
| Operating profit (loss) | 9901 | €77,790 | €85,937 | +€8,147 | +10.5% |
| Financial income | 75/76B | €4,167 | €4,250 | +€83 | +2.0% |
| Recurring financial income | 75 | €4,167 | €4,250 | +€83 | +2.0% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €81,902 | €90,132 | +€8,230 | +10.0% |
| Income taxes | 67/77 | €27,697 | €29,590 | +€1,893 | +6.8% |
| Profit (loss) for the period | 9904 | €54,205 | €60,542 | +€6,337 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,205 | €60,542 | +€6,337 | +11.7% |
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 14 October 2026 via checked.be.