Robin Van Bogaert: 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.
Robin Van Bogaert
Largest movements
- Cash +€95,669
up €95,669 (+111%), from €86,252 to €181,921
mainly Net result for the year (+€69,015) and Tax, wage and social debts (+€24,026)
- Tangible fixed assets -€5,240
down €5,240 (-32.8%), from €15,991 to €10,752
of which Furniture and vehicles: -€2,869
- Reserves +€61,182
up €61,182 (+102%), from €60,262 to €121,444
- Tax, wage and social debts +€24,026
up €24,026 (+100%), from €23,984 to €48,010
- Other debts +€8,201
up €8,201 (+50.5%), from €16,244 to €24,446
- Other operating charges -€16,171
down €16,171 (-95.7%), from €16,903 to €732
- Gross operating margin -€9,413
down €9,413 (-8.6%), from €109,314 to €99,901
- Depreciation -€1,247
down €1,247 (-19.2%), from €6,487 to €5,240
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 | €107,215 | €199,280 | +€92,065 | +85.9% |
| Fixed assets | 21/28 | €15,991 | €10,752 | -€5,240 | -32.8% |
| Tangible fixed assets | 22/27 | €15,991 | €10,752 | -€5,240 | -32.8% |
| Plant, machinery and equipment | 23 | €4,992 | €2,621 | -€2,370 | -47.5% |
| Furniture and vehicles | 24 | €11,000 | €8,130 | -€2,869 | -26.1% |
| Current assets | 29/58 | €91,223 | €188,528 | +€97,305 | +107% |
| Amounts receivable within one year | 40/41 | €1,227 | €1,599 | +€372 | +30.3% |
| Trade receivables | 40 | €1,227 | €1,599 | +€372 | +30.3% |
| Cash at bank and in hand | 54/58 | €86,252 | €181,921 | +€95,669 | +111% |
| Deferred charges and accrued income | 490/1 | €3,745 | €5,008 | +€1,264 | +33.8% |
| Total equity and liabilities | 10/49 | €107,215 | €199,280 | +€92,065 | +85.9% |
| Equity | 10/15 | €65,262 | €126,444 | +€61,182 | +93.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,262 | €121,444 | +€61,182 | +102% |
| Distributable reserves | 133 | €60,262 | €121,444 | +€61,182 | +102% |
| Amounts payable | 17/49 | €41,952 | €72,836 | +€30,883 | +73.6% |
| Amounts payable within one year | 42/48 | €40,607 | €72,836 | +€32,229 | +79.4% |
| Trade debts | 44 | €378 | €380 | +€2 | +0.4% |
| Suppliers | 440/4 | €378 | €380 | +€2 | +0.4% |
| Taxes, remuneration and social security | 45 | €23,984 | €48,010 | +€24,026 | +100% |
| Taxes | 450/3 | €23,984 | €48,010 | +€24,026 | +100% |
| Other amounts payable | 47/48 | €16,244 | €24,446 | +€8,201 | +50.5% |
| Accrued charges and deferred income | 492/3 | €1,345 | - | -€1,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,487 | €5,240 | -€1,247 | -19.2% |
| Other operating charges | 640/8 | €16,903 | €732 | -€16,171 | -95.7% |
| Gross operating margin | 9900 | €109,314 | €99,901 | -€9,413 | -8.6% |
| Operating profit (loss) | 9901 | €85,925 | €93,929 | +€8,005 | +9.3% |
| Financial income | 75/76B | €900 | €6 | -€894 | -99.4% |
| Recurring financial income | 75 | €900 | €6 | -€894 | -99.4% |
| Financial charges | 65/66B | €1,745 | €894 | -€851 | -48.7% |
| Recurring financial charges | 65 | €1,745 | €894 | -€851 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €85,079 | €93,041 | +€7,961 | +9.4% |
| Income taxes | 67/77 | €23,984 | €24,026 | +€41 | +0.2% |
| Profit (loss) for the period | 9904 | €61,095 | €69,015 | +€7,920 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,095 | €69,015 | +€7,920 | +13.0% |
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 16 October 2026 via checked.be.