Pierre Van Oost: 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.
Pierre Van Oost
Largest movements
- Cash +€35,509
up €35,509 (+172%), from €20,635 to €56,145
mainly Other debts (+€92,306) and Net result for the year (+€19,166)
- Tangible fixed assets -€10,362
down €10,362 (-11.1%), from €93,463 to €83,102
of which Land and buildings: -€12,212
- Receivables within one year -€4,264
down €4,264 (-5.6%), from €75,840 to €71,576
of which Other amounts receivable: -€3,399
- Deferred charges and accrued income -€3,866
down €3,866 (-90.0%), from €4,295 to €430
- Other debts +€92,306
new in 2025: €92,306
- Reserves -€73,140
down €73,140 (-56.7%), from €129,039 to €55,899
of which Distributable reserves: -€73,140
- Gross operating margin +€3,290
up €3,290 (+6.7%), from €49,413 to €52,703
- Taxes +€895
up €895 (+9.7%), from €9,192 to €10,087
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 | €194,234 | €211,252 | +€17,018 | +8.8% |
| Fixed assets | 21/28 | €93,463 | €83,102 | -€10,362 | -11.1% |
| Tangible fixed assets | 22/27 | €93,463 | €83,102 | -€10,362 | -11.1% |
| Land and buildings | 22 | €93,463 | €81,251 | -€12,212 | -13.1% |
| Furniture and vehicles | 24 | - | €1,850 | +€1,850 | |
| Current assets | 29/58 | €100,771 | €128,150 | +€27,380 | +27.2% |
| Amounts receivable within one year | 40/41 | €75,840 | €71,576 | -€4,264 | -5.6% |
| Trade receivables | 40 | €865 | - | -€865 | |
| Other amounts receivable | 41 | €74,975 | €71,576 | -€3,399 | -4.5% |
| Cash at bank and in hand | 54/58 | €20,635 | €56,145 | +€35,509 | +172% |
| Deferred charges and accrued income | 490/1 | €4,295 | €430 | -€3,866 | -90.0% |
| Total equity and liabilities | 10/49 | €194,234 | €211,252 | +€17,018 | +8.8% |
| Equity | 10/15 | €190,539 | €117,399 | -€73,140 | -38.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €129,039 | €55,899 | -€73,140 | -56.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €122,889 | €49,749 | -€73,140 | -59.5% |
| Amounts payable | 17/49 | €3,696 | €93,853 | +€90,158 | +2,440% |
| Amounts payable within one year | 42/48 | €1,626 | €93,384 | +€91,757 | +5,642% |
| Trade debts | 44 | €1,015 | €674 | -€342 | -33.6% |
| Suppliers | 440/4 | €1,015 | €674 | -€342 | -33.6% |
| Taxes, remuneration and social security | 45 | €611 | €404 | -€207 | -33.8% |
| Taxes | 450/3 | €611 | €404 | -€207 | -33.8% |
| Other amounts payable | 47/48 | - | €92,306 | +€92,306 | |
| Accrued charges and deferred income | 492/3 | €2,069 | €470 | -€1,600 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,136 | €13,365 | +€229 | +1.7% |
| Other operating charges | 640/8 | €9,566 | €9,837 | +€271 | +2.8% |
| Gross operating margin | 9900 | €49,413 | €52,703 | +€3,290 | +6.7% |
| Operating profit (loss) | 9901 | €26,711 | €29,501 | +€2,790 | +10.4% |
| Financial income | 75/76B | €159 | - | -€159 | |
| Recurring financial income | 75 | €159 | - | -€159 | |
| Financial charges | 65/66B | €258 | €248 | -€10 | -3.9% |
| Recurring financial charges | 65 | €258 | €248 | -€10 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €26,612 | €29,253 | +€2,641 | +9.9% |
| Income taxes | 67/77 | €9,192 | €10,087 | +€895 | +9.7% |
| Profit (loss) for the period | 9904 | €17,420 | €19,166 | +€1,746 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,420 | €19,166 | +€1,746 | +10.0% |
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 25 October 2026 via checked.be.