Patrick Vandesompele: 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 Vandesompele
Largest movements
- Receivables within one year +€11,543
up €11,543 (+114%), from €10,126 to €21,669
of which Other amounts receivable: +€8,790
- Cash -€7,600
down €7,600 (-91.2%), from €8,337 to €737
mainly Receivables within one year (-€11,543) and Trade debts (-€2,487)
- Reserves +€4,815
up €4,815 (+58.1%), from €8,294 to €13,108
- Trade debts -€2,487
down €2,487 (-81.8%), from €3,042 to €555
- Tax, wage and social debts +€1,542
up €1,542 (+30.4%), from €5,064 to €6,606
- Gross operating margin -€8,157
down €8,157 (-55.2%), from €14,772 to €6,615
- Other operating charges -€3,158
down €3,158 (-79.7%), from €3,963 to €804
- Taxes -€1,206
down €1,206 (-47.7%), from €2,526 to €1,320
- Financial income +€305
up €305 (+358%), from €85 to €391
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 | €18,900 | €22,769 | +€3,870 | +20.5% |
| Current assets | 29/58 | €18,900 | €22,769 | +€3,870 | +20.5% |
| Amounts receivable within one year | 40/41 | €10,126 | €21,669 | +€11,543 | +114% |
| Trade receivables | 40 | €7,311 | €10,064 | +€2,753 | +37.7% |
| Other amounts receivable | 41 | €2,815 | €11,605 | +€8,790 | +312% |
| Cash at bank and in hand | 54/58 | €8,337 | €737 | -€7,600 | -91.2% |
| Deferred charges and accrued income | 490/1 | €437 | €364 | -€73 | -16.8% |
| Total equity and liabilities | 10/49 | €18,900 | €22,769 | +€3,870 | +20.5% |
| Equity | 10/15 | €10,794 | €15,608 | +€4,815 | +44.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,294 | €13,108 | +€4,815 | +58.1% |
| Distributable reserves | 133 | €8,294 | €13,108 | +€4,815 | +58.1% |
| Amounts payable | 17/49 | €8,106 | €7,161 | -€945 | -11.7% |
| Amounts payable within one year | 42/48 | €8,106 | €7,161 | -€945 | -11.7% |
| Trade debts | 44 | €3,042 | €555 | -€2,487 | -81.8% |
| Suppliers | 440/4 | €3,042 | €555 | -€2,487 | -81.8% |
| Taxes, remuneration and social security | 45 | €5,064 | €6,606 | +€1,542 | +30.4% |
| Taxes | 450/3 | €5,064 | €6,606 | +€1,542 | +30.4% |
| Other operating charges | 640/8 | €3,963 | €804 | -€3,158 | -79.7% |
| Gross operating margin | 9900 | €14,772 | €6,615 | -€8,157 | -55.2% |
| Operating profit (loss) | 9901 | €10,810 | €5,811 | -€4,999 | -46.2% |
| Financial income | 75/76B | €85 | €391 | +€305 | +358% |
| Recurring financial income | 75 | €85 | €391 | +€305 | +358% |
| Financial charges | 65/66B | €75 | €67 | -€8 | -10.7% |
| Recurring financial charges | 65 | €75 | €67 | -€8 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €10,820 | €6,135 | -€4,685 | -43.3% |
| Income taxes | 67/77 | €2,526 | €1,320 | -€1,206 | -47.7% |
| Profit (loss) for the period | 9904 | €8,294 | €4,815 | -€3,479 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,294 | €4,815 | -€3,479 | -41.9% |
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 18 October 2026 via checked.be.