Philippe UYSTEPRUYST: 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.
Philippe UYSTEPRUYST
Largest movements
- Intangible fixed assets -€59,200
down €59,200 (-25.0%), from €236,800 to €177,600
- Current investments +€53,014
new in 2025: €53,014
- Cash +€19,286
up €19,286 (+25.0%), from €77,135 to €96,421
mainly Net result for the year (+€69,001) and Depreciation (+€60,417)
- Profit (loss) carried forward +€44,001
up €44,001 (+170%), from €25,815 to €69,816
- Debts after one year -€39,435
down €39,435 (-28.7%), from €137,536 to €98,100
- Reserves +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Other debts -€24,254
down €24,254 (-37.2%), from €65,279 to €41,025
- Gross operating margin +€23,746
up €23,746 (+17.5%), from €135,606 to €159,352
- Taxes +€4,704
up €4,704 (+29.1%), from €16,186 to €20,889
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 | €320,636 | €331,736 | +€11,099 | +3.5% |
| Fixed assets | 21/28 | €239,596 | €179,180 | -€60,417 | -25.2% |
| Intangible fixed assets | 21 | €236,800 | €177,600 | -€59,200 | -25.0% |
| Tangible fixed assets | 22/27 | €2,433 | €1,217 | -€1,217 | -50.0% |
| Plant, machinery and equipment | 23 | €1,337 | €668 | -€668 | -50.0% |
| Furniture and vehicles | 24 | €1,097 | €548 | -€548 | -50.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €81,040 | €152,556 | +€71,516 | +88.2% |
| Amounts receivable within one year | 40/41 | €2,599 | €1,814 | -€784 | -30.2% |
| Trade receivables | 40 | €784 | - | -€784 | |
| Other amounts receivable | 41 | €1,814 | €1,814 | = | 0.0% |
| Current investments | 50/53 | - | €53,014 | +€53,014 | |
| Cash at bank and in hand | 54/58 | €77,135 | €96,421 | +€19,286 | +25.0% |
| Deferred charges and accrued income | 490/1 | €1,307 | €1,307 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €320,636 | €331,736 | +€11,099 | +3.5% |
| Equity | 10/15 | €75,815 | €144,816 | +€69,001 | +91.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €50,000 | +€25,000 | +100% |
| Tax-exempt reserves | 132 | €25,000 | €50,000 | +€25,000 | +100% |
| Profit (loss) carried forward | 14 | €25,815 | €69,816 | +€44,001 | +170% |
| Amounts payable | 17/49 | €244,822 | €186,920 | -€57,902 | -23.7% |
| Amounts payable after more than one year | 17 | €137,536 | €98,100 | -€39,435 | -28.7% |
| Financial debts | 170/4 | €137,536 | €98,100 | -€39,435 | -28.7% |
| Amounts payable within one year | 42/48 | €103,348 | €84,858 | -€18,490 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €37,955 | €39,435 | +€1,480 | +3.9% |
| Trade debts | 44 | €113 | €1,508 | +€1,395 | +1,230% |
| Suppliers | 440/4 | €113 | €1,508 | +€1,395 | +1,230% |
| Taxes, remuneration and social security | 45 | - | €2,889 | +€2,889 | |
| Taxes | 450/3 | - | €2,889 | +€2,889 | |
| Other amounts payable | 47/48 | €65,279 | €41,025 | -€24,254 | -37.2% |
| Accrued charges and deferred income | 492/3 | €3,938 | €3,961 | +€24 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,417 | €60,417 | = | 0.0% |
| Other operating charges | 640/8 | €584 | €537 | -€46 | -7.9% |
| Gross operating margin | 9900 | €135,606 | €159,352 | +€23,746 | +17.5% |
| Operating profit (loss) | 9901 | €74,606 | €98,398 | +€23,792 | +31.9% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €7,605 | €8,522 | +€917 | +12.1% |
| Recurring financial charges | 65 | €7,605 | €8,522 | +€917 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €67,001 | €89,890 | +€22,889 | +34.2% |
| Income taxes | 67/77 | €16,186 | €20,889 | +€4,704 | +29.1% |
| Profit (loss) for the period | 9904 | €50,815 | €69,001 | +€18,186 | +35.8% |
| Transfer to tax-exempt reserves | 689 | €25,000 | - | -€25,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,815 | €69,001 | +€43,186 | +167% |
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 17 October 2026 via checked.be.